Parking Reservation System Market by Solution (Mobile-based Parking Reservation System, Voice Call-based Parking Reservation System, Web-based Parking Reservation System), Deployment (Cloud-based, On-Premise), Application, End-User - Global Forecast 2024-


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Parking Reservation System Market by Solution (Mobile-based Parking Reservation System, Voice Call-based Parking Reservation System, Web-based Parking Reservation System), Deployment (Cloud-based, On-Premise), Application, End-User - Global Forecast 2024-2030


The Parking Reservation System Market size was estimated at USD 1.68 billion in 2023 and expected to reach USD 1.84 billion in 2024, at a CAGR 10.56% to reach USD 3.40 billion by 2030.

Global Parking Reservation System MarketA parking reservation system is a digital solution that enables drivers to reserve a parking spot in advance at a particular location. This system helps manage parking spaces, reduce the time spent searching for parking, and optimize parking resource utilization. It may involve a web-based platform and mobile application through which users can view available parking spaces in real-time, book a spot for a specific duration, and make payments online. Increasing vehicle ownership in urban areas is driving demand for parking management solutions. In addition, increasing government investment in smart infrastructure raises the adoption of smart parking systems. However, high initial setup and maintenance costs may deter small operators from adopting these systems. Data privacy and security concerns regarding users' personal and payment information impact the adoption of smart parking systems. Furthermore, IoT and AI integration into parking solutions to improve efficiency and user experience create potential opportunities for market growth.Regional InsightsIn the Americas, the demand for parking reservation systems is largely driven by the need for convenience and time-saving solutions. The United States and Canada lead the region with tech-savvy consumers seeking integrated mobile applications for parking reservations. High consumer engagement with tech-driven solutions and a strong culture of innovation have resulted in various advancements in technology, targeting reduced wait times and increased parking space utilization. In Europe, the Middle East, and Africa, varying degrees of market maturity reflect differing consumer needs and purchasing behaviors. EU nations typically show a preference for environmentally sustainable and space-efficient systems, while convenience and luxury define the market in many Middle Eastern countries. Increased adoption of digital payment systems and stringent environmental regulations have influenced the deployment of green parking solutions, with substantial investments in research to further reduce the space and energy footprint of parking systems. In the Middle East, economic diversification efforts and a luxury-focused consumer base have led to substantial investments in high-tech and aesthetically pleasing parking infrastructures. The APAC region is encountering rapid growth in its parking reservation system market due to increasing urban population densities, particularly in China, Japan, and India. The shift towards smart city initiatives in these areas has propelled the demand for intelligent parking solutions.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Parking Reservation System Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Parking Reservation System Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Parking Reservation System Market, highlighting leading vendors and their innovative profiles. These include ACE Parking, APCOA PARKING Holdings GmbH, BestParking by ParkWhiz, Conduent, Inc., EasyPark AB, Flowbird S.A.S, HonkMobile, INRIX, Inc., JustPark Parking Limited, LAZ Parking, National Car Parks Limited by PARK24 CO.,LTD., Parkalot.io, Parkopedia Limited, Planyo by Xtreeme Sagl, Plus4U Net a.s., Q-Park B.V., Robert Bosch GmbH, Ronspot Ltd, SKIDATA GmbH, SP Plus Corporation, SpotAngels, SWARCO AG, The Chauntry Corporation Ltd, VEVS by StivaSoft Ltd., and Way.com, Inc..

Market Segmentation & Coverage

This research report categorizes the Parking Reservation System Market to forecast the revenues and analyze trends in each of the following sub-markets:

Solution
Mobile-based Parking Reservation System
Voice Call-based Parking Reservation System
Web-based Parking Reservation System
Deployment
Cloud-based
On-Premise
Application
Off-street
On-street
End-User
Airports
Commercial Parking Spaces
Government & Municipalities
Hospitals
Shopping Malls
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Parking Reservation System Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Parking Reservation System Market?
3. What are the technology trends and regulatory frameworks in the Parking Reservation System Market?
4. What is the market share of the leading vendors in the Parking Reservation System Market?
5. Which modes and strategic moves are suitable for entering the Parking Reservation System Market?

Note: PDF & Excel + Online Access - 1 Year


1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Parking Reservation System Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Increasing number of vehicles and issues over parking spaces
5.1.1.2. Rising issues of traffic congestion and initiatives to reduce carbon emission
5.1.1.3. Proliferation of smartphone and internet technologies to improve driving experiences
5.1.2. Restraints
5.1.2.1. High costs associated with installing and maintaining parking reservation systems
5.1.3. Opportunities
5.1.3.1. Development and introduction of new parking reservation solutions
5.1.3.2. High potential for blockchain-based parking reservation technology
5.1.4. Challenges
5.1.4.1. System breakdown issues of parking reservation technologies
5.2. Market Segmentation Analysis
5.2.1. Solution: Boost in demand for mobile-based parking reservation systems due to real-time availability updates
5.2.2. Deployment: Rising cloud-based parking reservation systems due to easy integration and minimal upfront infrastructure investment
5.2.3. Application: Off-street systems prioritize customer experience and value-added services
5.2.4. End-User: Rising demand for parking reservation system across commercial parking spaces and shopping malls to maximizing space usage and turnover rates
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework
6. Parking Reservation System Market, by Solution
6.1. Introduction
6.2. Mobile-based Parking Reservation System
6.3. Voice Call-based Parking Reservation System
6.4. Web-based Parking Reservation System
7. Parking Reservation System Market, by Deployment
7.1. Introduction
7.2. Cloud-based
7.3. On-Premise
8. Parking Reservation System Market, by Application
8.1. Introduction
8.2. Off-street
8.3. On-street
9. Parking Reservation System Market, by End-User
9.1. Introduction
9.2. Airports
9.3. Commercial Parking Spaces
9.4. Government & Municipalities
9.5. Hospitals
9.6. Shopping Malls
10. Americas Parking Reservation System Market
10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States
11. Asia-Pacific Parking Reservation System Market
11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam
12. Europe, Middle East & Africa Parking Reservation System Market
12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom
13. Competitive Landscape
13.1. FPNV Positioning Matrix
13.2. Market Share Analysis, By Key Player
13.3. Competitive Scenario Analysis, By Key Player
13.3.1. Agreement, Collaboration, & Partnership
13.3.1.1. LetMePark and Parkimeter Announce Partnership to Transform the Parking Experience in Europe
13.3.1.2. New Partnership Provides Live, In-Car Parking Reservations
13.3.2. New Product Launch & Enhancement
13.3.2.1. Park 'N Fly Launches a Robust New Website to Enhance Customer Experience
13.3.3. Award, Recognition, & Expansion
13.3.3.1. SP Plus Corporation Launches its AeroParker Online Booking Reservation System at Airports in Illinois, Kentucky, South Dakota, and Texas
14. Competitive Portfolio
14.1. Key Company Profiles
14.1.1. ACE Parking
14.1.2. APCOA PARKING Holdings GmbH
14.1.3. BestParking by ParkWhiz
14.1.4. Conduent, Inc.
14.1.5. EasyPark AB
14.1.6. Flowbird S.A.S
14.1.7. HonkMobile
14.1.8. INRIX, Inc.
14.1.9. JustPark Parking Limited
14.1.10. LAZ Parking
14.1.11. National Car Parks Limited by PARK24 CO.,LTD.
14.1.12. Parkalot.io
14.1.13. Parkopedia Limited
14.1.14. Planyo by Xtreeme Sagl
14.1.15. Plus4U Net a.s.
14.1.16. Q-Park B.V.
14.1.17. Robert Bosch GmbH
14.1.18. Ronspot Ltd
14.1.19. SKIDATA GmbH
14.1.20. SP Plus Corporation
14.1.21. SpotAngels
14.1.22. SWARCO AG
14.1.23. The Chauntry Corporation Ltd
14.1.24. VEVS by StivaSoft Ltd.
14.1.25. Way.com, Inc.
14.2. Key Product Portfolio
15. Appendix
15.1. Discussion Guide
15.2. License & Pricing
FIGURE 1. PARKING RESERVATION SYSTEM MARKET RESEARCH PROCESS
FIGURE 2. PARKING RESERVATION SYSTEM MARKET SIZE, 2023 VS 2030
FIGURE 3. PARKING RESERVATION SYSTEM MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. PARKING RESERVATION SYSTEM MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. PARKING RESERVATION SYSTEM MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. PARKING RESERVATION SYSTEM MARKET DYNAMICS
FIGURE 7. PARKING RESERVATION SYSTEM MARKET SIZE, BY SOLUTION, 2023 VS 2030 (%)
FIGURE 8. PARKING RESERVATION SYSTEM MARKET SIZE, BY SOLUTION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. PARKING RESERVATION SYSTEM MARKET SIZE, BY DEPLOYMENT, 2023 VS 2030 (%)
FIGURE 10. PARKING RESERVATION SYSTEM MARKET SIZE, BY DEPLOYMENT, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. PARKING RESERVATION SYSTEM MARKET SIZE, BY APPLICATION, 2023 VS 2030 (%)
FIGURE 12. PARKING RESERVATION SYSTEM MARKET SIZE, BY APPLICATION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. PARKING RESERVATION SYSTEM MARKET SIZE, BY END-USER, 2023 VS 2030 (%)
FIGURE 14. PARKING RESERVATION SYSTEM MARKET SIZE, BY END-USER, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. AMERICAS PARKING RESERVATION SYSTEM MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 16. AMERICAS PARKING RESERVATION SYSTEM MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. UNITED STATES PARKING RESERVATION SYSTEM MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 18. UNITED STATES PARKING RESERVATION SYSTEM MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. ASIA-PACIFIC PARKING RESERVATION SYSTEM MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 20. ASIA-PACIFIC PARKING RESERVATION SYSTEM MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 21. EUROPE, MIDDLE EAST & AFRICA PARKING RESERVATION SYSTEM MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 22. EUROPE, MIDDLE EAST & AFRICA PARKING RESERVATION SYSTEM MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 23. PARKING RESERVATION SYSTEM MARKET, FPNV POSITIONING MATRIX, 2023
FIGURE 24. PARKING RESERVATION SYSTEM MARKET SHARE, BY KEY PLAYER, 2023

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