Off street parking management system market
Off-Street Parking Management System Market, By System Components & Services (Parking Software, Professional Services, Consulting), By Solutions (Access Control, Parking Fee and Revenue Management, Parking Reservation Management, Valet Parking Management, Parking Guidance and Slot Management, Others (Parking Enforcement Management)), By End-use Industry (Government and Municipalities, Airports, Healthcare, Corporate and Commercial Parks, Commercial Institutions, Others (Tourist Destinations and Hospitality Sector)), and by Region (North America, Latin America, Europe, APAC and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
- Jan 2023
- CMI3805
- 130 Pages
- Excel & Pdf
- Information and Communication Technology
A parking management system automates a car parking system by optimizing parking space and making the process efficient. It provides real-time car parking information such as available slots display, vehicle & slots count, reserved parking, easy payments, pay-and-park options, reports, and more. On-street parking is vehicle parking on street or roads though it requires permits which depends on the rules and regulations of each country. A parking management system offers various benefits including cost savings to customers, developers, governments and businesses, mobility management, improved quality of service, and revenue generation.
The Global Off-Street Parking Management System Market was valued for US$ 5508.2 Mn in 2021 is expected to exhibit a CAGR of 9.5 % during the forecast period.
Recent Developments:
- In Jan 2021, TIBA Parking Systems, a parking technology company, announced a partnership with REEF Technology, through this collaboration both companies have provided parking operators and landlords with a Parking Access and Revenue Control System (PARCS).
Restraint:
- High initial deployment cost is expected to restrain growth of the global off-street parking management system market during the forecast period
- Low availability of parking spaces is expected to hinder the global off-street parking management system market growth over the forecast period
Off-Street Parking Management System Market Report Coverage
Report Coverage | Details | ||
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Base Year: | 2021 | Market Size in 2021: | US$ 5508.2 Mn |
Historical Data for: | 2017 to 2020 | Forecast Period: | 2022 to 2030 |
Forecast Period 2022 to 2030 CAGR: | 9.5% | 2030 Value Projection: | US$ 12238.3 Mn |
Geographies covered: |
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Segments covered: |
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Companies covered: |
Nortech Control Systems Limited, 3M Co., Swarco AG, Cubic Corporation, Amano Corporation, Kudelski Group (SKIDATA AG), TIBA Parking LLC, IBM Corporation, Kapsch TrafficCom AG, and Xerox Corporation. |
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Growth Drivers: |
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Restraints & Challenges: |
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Global Off-Street Parking Management System Market - Impact of Coronavirus (Covid-19) Pandemic:
The global off-street parking management system market has been considerably impacted by the COVID-19 outbreak. So governments imposed the lockdown everywhere in the world as a safety measure, and also enforced tight mobility limitations, as a result, the global off-street parking management system market grew slowly throughout the epidemic.
But the growing use of modern technologies to extend contactless parking facilities is expected to create opportunities in the off-street parking management system market.
North America held a dominant position in the Global Off-Street Parking Management System market in 2021
Statistics:
North America region dominated the global Off-Street Parking Management System market in 2021, accounting for a 29.6% share in terms of value, followed by Europe, Asia Pacific and, Latin America, respectively.
Figure 1: Global Off-Street Parking Management System market Share (%), By Region, 2021
North America Off-Street Parking Management System Market is expected to witness a CAGR of 9.5% over the forecast period.
North America is expected to be one of the prominent region in the global market and witness high growth during the forecast period. This is owing to increasing demand for Off-Street Parking Management System.
Figure 2: Global Off-Street Parking Management System Market (US$ Mn) Analysis and Forecast, 2022 - 2030
The Global Off-Street Parking Management System market was valued at US$ 5508.2 Mn in 2021 and is expected to reach US$ 12238.3 Mn by 2030, growing at a CAGR of 9.5% between 2022 and 2030.
Major players operating in the Global Off-Street Parking Management System market include Nortech Control Systems Limited, 3M Co., Swarco AG, Cubic Corporation, Amano Corporation, Kudelski Group (SKIDATA AG), TIBA Parking LLC, IBM Corporation, Kapsch TrafficCom AG, and Xerox Corporation
Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By System Components & Services
- Market Snippet, By Solutions
- Market Snippet, By End-use Industry
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Merger and Acquisitions
- New system Launch/Approvals
- Impact of COVID-19 Pandemic
- Market Dynamics
- Global Off-Street Parking Management System Market, By System Components & Services, 2017-2030 (US$ Million)
- Introduction
- Market Share Analysis, 2022 and 2030 (%)
- Segment Trends
- Parking Software
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- On-Premise
- Cloud-Based
- System Devices
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- Entry/Exit Terminals
- Card Readers
- Validation Solution
- LPR System
- Others
- Professional Services
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- Consulting
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- Deployment and Customization
- Maintenance
- Introduction
- Global Off-Street Parking Management System Market, By Solutions, 2017-2030 (US$ Million)
- Introduction
- Market Share Analysis, 2022 and 2030 (%)
- Segment Trends
- Access Control
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- Parking Fee and Revenue Management
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- Parking Reservation Management
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- Valet Parking Management
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- Parking Guidance and Slot Management
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- Others (Parking Enforcement Management)
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- Introduction
- Global Off-Street Parking Management System Market, By End-use Industry, 2017-2030 (US$ Million)
- Introduction
- Market Share Analysis, 2022 and 2030 (%)
- Segment Trends
- OEM Market
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- Government and Municipalities
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- Airports
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- Healthcare
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- Corporate and Commercial Parks
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- Commercial Institutions
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- Others (Tourist Destinations and Hospitality Sector)
- Introduction
- Market Size and Forecast, 2017–2030, (US$ Million)
- Introduction
- Global Off-Street Parking Management System Market, By Region, 2017-2030 (US$ Million)
- Introduction
- Market Share Analysis, By Region, 2022 and 2030 (%)
- North America
- Regional Trends
- Market Size and Forecast, By System Components & Services, 2017–2030 (US$ Million)
- Market Size and Forecast, By Solutions, 2017–2030 (US$ Million)
- Market Size and Forecast, By End-use Industry, 2017–2030 (US$ Million)
- Market Share Analysis, By Country, 2022 and 2030 (%)
- U.S.
- Canada
- Europe
- Regional Trends
- Market Size and Forecast, By System Components & Services, 2017–2030 (US$ Million)
- Market Size and Forecast, By Solutions, 2017–2030 (US$ Million)
- Market Size and Forecast, By End-use Industry, 2017–2030 (US$ Million)
- Market Share Analysis, By Country, 2022 and 2030 (%)
- U.K.
- Germany
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- Regional Trends
- Market Size and Forecast, By System Components & Services, 2017–2030 (US$ Million)
- Market Size and Forecast, By Solutions, 2017–2030 (US$ Million)
- Market Size and Forecast, By End-use Industry, 2017–2030 (US$ Million)
- Market Share Analysis, By Country, 2022 and 2030 (%)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Regional Trends
- Market Size and Forecast, By System Components & Services, 2017–2030 (US$ Million)
- Market Size and Forecast, By Solutions, 2017–2030 (US$ Million)
- Market Size and Forecast, By End-use Industry, 2017–2030 (US$ Million)
- Market Share Analysis, By Country, 2022 and 2030 (%)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Middle East and Africa
- Market Size and Forecast, By System Components & Services, 2017–2030 (US$ Million)
- Market Size and Forecast, By Solutions, 2017–2030 (US$ Million)
- Market Size and Forecast, By End-use Industry, 2017–2030 (US$ Million)
- Market Share Analysis, By Country, 2022 and 2030 (%)
- South Africa
- GCC Countries
- Rest of the Middle East and Africa
- Introduction
- Competitive Landscape
- Company Profiles
- Nortech Control Systems Limited*
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- 3M Co.
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Swarco AG
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Cubic Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Amano Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Kudelski Group (SKIDATA AG)
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- TIBA Parking LLC
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- IBM Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Kapsch TrafficCom AG
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Xerox Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Nortech Control Systems Limited*
- Analyst Views
- Company Profiles
- Section
- References
- Research Methodology
- About us and Sales Contact
*Browse 60 market data tables and 40 figures on "Global Off-Street Parking Management System Market- Global forecast to 2030”.
Detailed Segmentation
- Global Off-Street Parking Management System Market, By System Components & Services:
- Parking Software
- On-Premise
- Cloud-Based
- System Devices
- Entry/Exit Terminals
- Card Readers
- Validation Solution
- LPR System
- Others
- Professional Services
- Consulting
- Deployment and Customization
- Maintenance
- Global Off-Street Parking Management System Market, By Solutions:
- Access Control
- Parking Fee and Revenue Management
- Parking Reservation Management
- Valet Parking Management
- Parking Guidance and Slot Management
- Others
- (Parking Enforcement Management)
- Global Off-Street Parking Management System Market, By End-use Industry:
-
- Government and Municipalities
- Airports
- Healthcare
- Corporate and Commercial Parks
- Commercial Institutions
- Others (Tourist Destinations and Hospitality Sector)
- Global Off-Street Parking Management System Market, By Region:
- North America
- By System Components & Services:
- Parking Software
- On-Premise
- Cloud-Based
- System Devices
- Entry/Exit Terminals
- Card Readers
- Validation Solution
- LPR System
- Others
- Professional Services
- Consulting
- Deployment and Customization
- Maintenance
- Parking Software
- By Solutions:
- Access Control
- Parking Fee and Revenue Management
- Parking Reservation Management
- Valet Parking Management
- Parking Guidance and Slot Management
- Others (Parking Enforcement Management)
- By End-use Industry:
- Government and Municipalities
- Airports
- Healthcare
- Corporate and Commercial Parks
- Commercial Institutions
- Others (Tourist Destinations and Hospitality Sector)
- By Country:
- U.S.
- Canada
- By System Components & Services:
- Europe
- By System Components & Services:
- Parking Software
- On-Premise
- Cloud-Based
- System Devices
- Entry/Exit Terminals
- Card Readers
- Validation Solution
- LPR System
- Others
- Professional Services
- Consulting
- Deployment and Customization
- Maintenance
- Parking Software
- By Solutions:
- Access Control
- Parking Fee and Revenue Management
- Parking Reservation Management
- Valet Parking Management
- Parking Guidance and Slot Management
- Others (Parking Enforcement Management)
- By End-use Industry:
- Government and Municipalities
- Airports
- Healthcare
- Corporate and Commercial Parks
- Commercial Institutions
- Others (Tourist Destinations and Hospitality Sector)
- By Country:
- Germany
- Italy
- U.K.
- France
- Russia
- Rest of Europe
- By System Components & Services:
- Asia Pacific
- By System Components & Services:
- Parking Software
- On-Premise
- Cloud-Based
- System Devices
- Entry/Exit Terminals
- Card Readers
- Validation Solution
- LPR System
- Others
- Professional Services
- Consulting
- Deployment and Customization
- Maintenance
- Parking Software
- By Solutions:
- Access Control
- Parking Fee and Revenue Management
- Parking Reservation Management
- Valet Parking Management
- Parking Guidance and Slot Management
- Others (Parking Enforcement Management)
- By End-use Industry:
- Government and Municipalities
- Airports
- Healthcare
- Corporate and Commercial Parks
- Commercial Institutions
- Others (Tourist Destinations and Hospitality Sector)
- By Country:
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- By System Components & Services:
- Latin America
- By System Components & Services:
- Parking Software
- On-Premise
- Cloud-Based
- System Devices
- Entry/Exit Terminals
- Card Readers
- Validation Solution
- LPR System
- Others
- Professional Services
- Consulting
- Deployment and Customization
- Maintenance
- Parking Software
- By Solutions:
- Access Control
- Parking Fee and Revenue Management
- Parking Reservation Management
- Valet Parking Management
- Parking Guidance and Slot Management
- Others (Parking Enforcement Management)
- By End-use Industry:
- Government and Municipalities
- Airports
- Healthcare
- Corporate and Commercial Parks
- Commercial Institutions
- Others (Tourist Destinations and Hospitality Sector)
- By Country:
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- By System Components & Services:
- Middle East and Africa
- By System Components & Services:
- Parking Software
- On-Premise
- Cloud-Based
- System Devices
- Entry/Exit Terminals
- Card Readers
- Validation Solution
- LPR System
- Others
- Professional Services
- Consulting
- Deployment and Customization
- Maintenance
- Parking Software
- By Solutions:
- Access Control
- Parking Fee and Revenue Management
- Parking Reservation Management
- Valet Parking Management
- Parking Guidance and Slot Management
- Others (Parking Enforcement Management)
- By End-use Industry:
- Government and Municipalities
- Airports
- Healthcare
- Corporate and Commercial Parks
- Commercial Institutions
- Others (Tourist Destinations and Hospitality Sector)
- By Country/Region:
- GCC Countries
- South Africa
- Rest of Middle East and Africa
- By System Components & Services:
- North America