Advanced Parking Management System Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Advanced Parking Management System Market
The global advanced parking management system market size was valued at USD 1445.1 million in 2019 and is projected to USD 3076.8 million by 2032, exhibiting a CAGR of 7% during the forecast period of 2020-2032.
The pandemic appreciably impacted the Advanced Parking Management System Market, with lockdowns and regulations reducing the demand for parking answers in commercial and public areas. However, the shift towards contactless and automatic systems won momentum as protection and hygiene concerns grew, driving innovation and adoption of clever parking technology, impeding the advanced parking management system market growth.
The Advanced Parking Management System Market is driven by the growing adoption of clever metropolis tasks, growing car possession, and the growing want for efficient parking solutions to lessen congestion and emissions.
IoT and AI integration is reworking the parking control panorama. IoT gadgets allow real-time monitoring of parking area availability and occupancy costs, imparting precious data for green operations and expanding the advanced parking management system market share globally. AI-powered analytics can analyze these statistics to predict parking demand and optimize parking techniques, such as dynamic pricing and guided parking. This integration complements the overall enjoyment of parking and reduces congestion.
Comprehensive Analysis of Advanced Parking Management System Market
The Advanced Parking Management System Market is segmented using the parking website and alertness types. Based on the online parking website type, the marketplace is split into on-street and off-street parking websites, with off-road parking dominating because of its green multi-level parking answers, compact designs, and steady structures. These systems cater to urbanization and the rising demand for organized parking, especially in regions with excessive visitors, like commercial facilities, airports, and healthcare centers. By application type, the market is segmented into business and government sectors. The industrial phase leads the marketplace, pushed by high client volume and infrastructure rules mandating parking spaces. The government quarter contributes extensively, fueled by clever metropolis tasks and investments in advanced public transport parking centers.
The Europe region led the advanced parking management system market by benefitting a size of USD 591.7 million in 2019 due to considerable investments by distinguished production groups in this area; advanced parking management structures have been developed appreciably.
The leading players in the Advanced Parking Management System market significantly influence its growth trajectory and set industry standards. These key players, including Conduent, Inc. (U.S.), Streetline (U.S.), Park Mobile, LLC. (U.S.), Robert Bosch GmbH (Germany), SKIDATA AG (Austria), SWARCO (Austria), Amano Corporation (Japan), T2 Systems (U.S.), Spot Hero (U.S.), INRIX (U.S.), NU Park (U.S.), FlashParking (U.S.), TIBA Parking Systems (Israel), Chetu Inc. (U.S.), and Neptune Automatic Pvt Ltd (India), contribute to a competitive landscape, driving innovation and market advancement.
In October 2018, Neptune Pvt. Ltd. Is a pacesetter in delivering innovative parking solutions, ensuring a unbroken parking experience for its customers. The employer enhances the driving experience via automation and digitization.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2016-2027
Base Year 2019
Forecast Period 2020-2027
Historical Period 2016-2018
Unit Value (USD million)
SegmentationBy Parking Site Type
On-Road
Off-Road
By Application Type
Commercial
Government
By Geography
North America (U.S., Canada, and Mexico)
Europe (U.K., Germany, France, and Rest of Europe)
Asia-Pacific (Japan, China, India, South Korea, and Rest of Asia- Pacific)
Rest of the World
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Merger, Acquisitions, and Partnerships
- 4.2. Distributor Analysis – For Major Players
- 4.3. Growth and Penetration Analysis
- 4.4. Porter’s Five Forces Analysis
- 4.5. PEST Analysis
- 4.6. Vendor Landscape
- 5. Global Advanced Parking Management System Market Analysis, Insights and Forecast, 2016-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Parking Site Type
- 5.2.1. On-Road
- 5.2.2. Off-Road
- 5.3. Market Analysis, Insights and Forecast – By Application Type
- 5.3.1. Commercial
- 5.3.2. Government
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia pacific
- 5.4.4. Rest of the World
- 6. North America Advanced Parking Management System Market Analysis, Insights and Forecast, 2016-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis – By Parking Site Type
- 6.2.1. On-Road
- 6.2.2. Off-Road
- 6.3. Market Analysis – By Application Type
- 6.3.1. Commercial
- 6.3.2. Government
- 6.4. Market Analysis – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
- 6.4.3. Mexico
- 7. Europe Advanced Parking Management System Market Analysis, Insights and Forecast, 2016-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis – By Parking Site Type
- 7.2.1. On-Road
- 7.2.2. Off-Road
- 7.3. Market Analysis – By Application Type
- 7.3.1. Commercial
- 7.3.2. Government
- 7.4. Market Analysis – By Country
- 7.4.1. U.K.
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Rest of Europe
- 8. Asia Pacific Advanced Parking Management System Market Analysis, Insights and Forecast, 2016-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis – By Parking Site Type
- 8.2.1. On-Road
- 8.2.2. Off-Road
- 8.3. Market Analysis – By Application Type
- 8.3.1. Commercial
- 8.3.2. Government
- 8.4. Market Analysis – By Country
- 8.4.1. Japan
- 8.4.2. China
- 8.4.3. India
- 8.4.4. South Korea
- 8.4.5. Rest of Asia Pacific
- 9. Rest of the World Advanced Parking Management System Market Analysis, Insights and Forecast, 2016-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis – By Parking Site Type
- 9.2.1. On-Road
- 9.2.2. Off-Road
- 9.3. Market Analysis – By Application Type
- 9.3.1. Commercial
- 9.3.2. Government
- 10. Competitive Analysis
- 10.1. Key Industry Developments
- 10.2. Global Market Share Analysis (2019)
- 10.3. Competition Dashboard
- 10.4. Comparative Analysis – Major Players
- 10.5. Company Profiles (Overview, Products & Services, SWOT analysis, Recent developments, strategies,financials (based on availability))
- 10.5.1. Conduent, Inc.
- 10.5.1.1. Overview,
- 10.5.1.2. Products & Services,
- 10.5.1.3. SWOT analysis,
- 10.5.1.4. Recent developments,
- 10.5.1.5. strategies,
- 10.5.1.6. financials (based on availability)
- 10.5.2. Streetline
- 10.5.2.1. Overview,
- 10.5.2.2. Products & Services,
- 10.5.2.3. SWOT analysis,
- 10.5.2.4. Recent developments,
- 10.5.2.5. strategies,
- 10.5.2.6. financials (based on availability)
- 10.5.3. Park Mobile, LLC.
- 10.5.3.1. Overview,
- 10.5.3.2. Products & Services,
- 10.5.3.3. SWOT analysis,
- 10.5.3.4. Recent developments,
- 10.5.3.5. strategies,
- 10.5.3.6. financials (based on availability)
- 10.5.4. Robert Bosch GmbH
- 10.5.4.1. Overview,
- 10.5.4.2. Products & Services,
- 10.5.4.3. SWOT analysis,
- 10.5.4.4. Recent developments,
- 10.5.4.5. strategies,
- 10.5.4.6. financials (based on availability)
- 10.5.5. SKIDATA AG
- 10.5.5.1. Overview,
- 10.5.5.2. Products & Services,
- 10.5.5.3. SWOT analysis,
- 10.5.5.4. Recent developments,
- 10.5.5.5. strategies,
- 10.5.5.6. financials (based on availability)
- 10.5.6. SWARCO
- 10.5.6.1. Overview,
- 10.5.6.2. Products & Services,
- 10.5.6.3. SWOT analysis,
- 10.5.6.4. Recent developments,
- 10.5.6.5. strategies,
- 10.5.6.6. financials (based on availability)
- 10.5.7. Amano Corporation
- 10.5.7.1. Overview,
- 10.5.7.2. Products & Services,
- 10.5.7.3. SWOT analysis,
- 10.5.7.4. Recent developments,
- 10.5.7.5. strategies,
- 10.5.7.6. financials (based on availability)
- 10.5.8. T2 Systems
- 10.5.8.1. Overview,
- 10.5.8.2. Products & Services,
- 10.5.8.3. SWOT analysis,
- 10.5.8.4. Recent developments,
- 10.5.8.5. strategies,
- 10.5.8.6. financials (based on availability)
- 10.5.9. Spot Hero
- 10.5.9.1. Overview,
- 10.5.9.2. Products & Services,
- 10.5.9.3. SWOT analysis,
- 10.5.9.4. Recent developments,
- 10.5.9.5. strategies,
- 10.5.9.6. financials (based on availability)
- 10.5.10. INRIX
- 10.5.10.1. Overview,
- 10.5.10.2. Products & Services,
- 10.5.10.3. SWOT analysis,
- 10.5.10.4. Recent developments,
- 10.5.10.5. strategies,
- 10.5.10.6. financials (based on availability)
- 10.5.11. NU Park
- 10.5.11.1. Overview,
- 10.5.11.2. Products & Services,
- 10.5.11.3. SWOT analysis,
- 10.5.11.4. Recent developments,
- 10.5.11.5. strategies,
- 10.5.11.6. financials (based on availability)
- 10.5.12. FlashParking
- 10.5.12.1. Overview,
- 10.5.12.2. Products & Services,
- 10.5.12.3. SWOT analysis,
- 10.5.12.4. Recent developments,
- 10.5.12.5. strategies,
- 10.5.12.6. financials (based on availability)
- 10.5.13. TIBA Parking Systems
- 10.5.13.1. Overview,
- 10.5.13.2. Products & Services,
- 10.5.13.3. SWOT analysis,
- 10.5.13.4. Recent developments,
- 10.5.13.5. strategies,
- 10.5.13.6. financials (based on availability)
- 10.5.14. Chetu Inc.
- 10.5.14.1. Overview,
- 10.5.14.2. Products & Services,
- 10.5.14.3. SWOT analysis,
- 10.5.14.4. Recent developments,
- 10.5.14.5. strategies,
- 10.5.14.6. financials (based on availability)
- 10.5.15. Neptune Automatic Pvt Ltd
- 10.5.15.1. Overview,
- 10.5.15.2. Products & Services,
- 10.5.15.3. SWOT analysis,
- 10.5.15.4. Recent developments,
- 10.5.15.5. strategies,
- 10.5.15.6. financials (based on availability)
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