Global parking management market is expected to Grow at a CAGR of 8.7% during the forecast years 2018–2023 with key players like Conduent, Inc., Amano, Indigo Park Services, SWARCO, T2 SYSTEMS, INRIX, Siemens, APCOA PARKING amongst others

Parking management comprises of various programs and policies in order to make efficient use of parking resources. The growing urbanization in metropolitan areas is the reason for increasing number of vehicles and hence the need for parking management.Companies such as Philips and Microsoft, have also started asking their employees, to opt for work-from-home instead of driving to office as the employees can log-in from their home directly at comparatively less time than finding parking space in office premises. Hence, adoption of effective parking management market strategies and the use of alternative commute modes such as carpooling, vanpooling and transit along with their effective implementation, is the only possible solution possible now for employers. They have realized the potential of such parking management market strategies and have encouraged providing transportation allowances to its employees to solve the parking issue. As the total cost of parking is higher and to be paid by employees, they mostly opt for public transport and try to save the allowances provided. This in-turn is helping organizations to solve the issue of parking space in office premises. With the novel parking strategies and methods, commuters can actually save their time.

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Some of the players operating in the parking management market are Conduent, Inc., Amano, Indigo Park Services, Chetu Inc., SWARCO, T2 SYSTEMS, INRIX, Siemens, APCOA PARKING amongst others.

Major forces driving the growth of parking management market are the increasing focus on the seamless traffic flow and growing parking concerns due to increasing production of vehicles. Concern for safety, security and connectivity are other factors driving the growth of parking management market.

The parking management market has been segmented on the basis of component, parking site type, solution and vertical. The component segment is further bifurcated into software and service segments. The service segment comprises of deployment and customization and support and maintenance segments. Out of which, the deployment and customization segment is expected to grow at the highest CAGR during the forecast period. This is owing to the rapid adoption of parking management solutions by organizations which require assistance for deployment and customization processes.

The detailed research study provides qualitative and quantitative analysis of the global parking management market. The market has been analyzed from demand as well as supply side. The demand side analysis covers market revenue across regions and further, across all the major countries. The geographical analysis done emphasizes on each of the major countries across North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.

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By Type
• Solutions
• Parking Guidance Solution
• Parking Reservation Management
• Parking Permit Management
• Parking Enforcement Management
• Parking Access and Revenue Control
• Parking Security and Surveillance
• Parking Analytics
• Services
• Professional Services
• Managed Services

By Deployment
• On-Premise
• Cloud Based

By Parking Site
• Off-Street Parking
• On-Street Parking

By Verticals
• Retail
• Healthcare
• Government
• Hospitality
• Transportation & Transit
• Others

By Geography
• North America
• U.S.
• Canada
• Mexico
• Rest of North America
• Europe
• France
• The UK
• Spain
• Germany
• Italy
• Nordic Countries
• Denmark
• Finland
• Iceland
• Norway
• Sweden
• Benelux Union
• Belgium
• The Netherlands
• Luxemburg
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia Pacific
• Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

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