Parking Management Market Research Report by Technology, Component, Parking Site, Deployment, End User, Country - North America Forecast to 2027 - Cumulative Impact of COVID-19

The North America Parking Management Market size was estimated at USD 1,475.66 million in 2021 and expected to reach USD 1,581.92 million in 2022, and is projected to grow at a CAGR 8.37% to reach USD 2,391.21 million by 2027.

Market Statistics:
The report provides market sizing and forecast across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF. It helps organization leaders make better decisions when currency exchange data is readily available. In this report, the years 2018 and 2020 are considered as historical years, 2021 as the base year, 2022 as the estimated year, and years from 2023 to 2027 are considered as the forecast period.

Market Segmentation & Coverage:
This research report categorizes the Parking Management to forecast the revenues and analyze the trends in each of the following sub-markets:

Based on Technology, the market was studied across GSM-Based Parking Management Systems, Image Processing, License Plate Recognition, RFID-Based Parking Management Systems, and Visible Light Communication.

Based on Component, the market was studied across Services and Solutions. The Services is further studied across Support & Maintenance Services and System Integration Services. The Solutions is further studied across Parking Access & Revenue Control Solutions, Parking Guidance System, Permit Management Solutions, Reservation Management Solutions, and Security & Surveillance. The Parking Access & Revenue Control Solutions is further studied across Automated Gates, Handheld Ticket Writers, and Parking Meters. The Security & Surveillance is further studied across Alarms & Locators and Surveillance Cameras.

Based on Parking Site, the market was studied across Off-Street and On-Street.

Based on Deployment, the market was studied across On-Cloud and On-Premise.

Based on End User, the market was studied across Commercial and Residential. The Commercial is further studied across Airports, Railway Stations, & Bus Terminals, Office Spaces, and Retail, Entertainment, and Leisure.

Based on Country, the market was studied across Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas.

Cumulative Impact of COVID-19:
COVID-19 is an incomparable global public health emergency that has affected almost every industry, and the long-term effects are projected to impact the industry growth during the forecast period. Our ongoing research amplifies our research framework to ensure the inclusion of underlying COVID-19 issues and potential paths forward. The report delivers insights on COVID-19 considering the changes in consumer behavior and demand, purchasing patterns, re-routing of the supply chain, dynamics of current market forces, and the significant interventions of governments. The updated study provides insights, analysis, estimations, and forecasts, considering the COVID-19 impact on the market.

Cumulative Impact of 2022 Russia Ukraine Conflict:
We continuously monitor and update reports on political and economic uncertainty due to the Russian invasion of Ukraine. Negative impacts are significantly foreseen globally, especially across Eastern Europe, European Union, Eastern & Central Asia, and the United States. This contention has severely affected lives and livelihoods and represents far-reaching disruptions in trade dynamics. The potential effects of ongoing war and uncertainty in Eastern Europe are expected to have an adverse impact on the world economy, with especially long-term harsh effects on Russia.This report uncovers the impact of demand & supply, pricing variants, strategic uptake of vendors, and recommendations for Parking Management market considering the current update on the conflict and its global response.

Competitive Strategic Window:
The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.

FPNV Positioning Matrix:
The FPNV Positioning Matrix evaluates and categorizes the vendors in the Parking Management Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.

Market Share Analysis:
The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.

Competitive Scenario:
The Competitive Scenario provides an outlook analysis of the various business growth strategies adopted by the vendors. The news covered in this section deliver valuable thoughts at the different stage while keeping up-to-date with the business and engage stakeholders in the economic debate. The competitive scenario represents press releases or news of the companies categorized into Merger & Acquisition, Agreement, Collaboration, & Partnership, New Product Launch & Enhancement, Investment & Funding, and Award, Recognition, & Expansion. All the news collected help vendor to understand the gaps in the marketplace and competitor’s strength and weakness thereby, providing insights to enhance product and service.

Company Usability Profiles:
The report profoundly explores the recent significant developments by the leading vendors and innovation profiles in the North America Parking Management Market, including Amano Corporation, APCOA Parking Holdings GmbH, Chetu Inc., CivicSmart, Inc., Cleverciti Systems GmbH, Conduent Incorporated, FlashParking, Inc., Flowbird, Get My Parking, IEM S.A., INRIX, Inc., IPS Group, Inc., Klaus Multiparking GmbH, Nedap N.V., Parkpnp Limited T/A Wayleadr, Passport Labs, Inc., Precise Parklink, Inc., Robert Bosch GmbH, Siemens AG, SKIDATA GmbH, Smart Parking Limited, Stanley Robotics, Streetline, SWARCO AG, T2 Systems, Inc., TIBA Parking LLC, Total Parking Solutions Ltd., Urbiotica, VersionX Innovations Private Ltd., and WISEGO.

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the North America Parking Management Market?
2. What are the inhibiting factors and impact of COVID-19 shaping the North America Parking Management Market during the forecast period?
3. Which are the products/segments/applications/areas to invest in over the forecast period in the North America Parking Management Market?
4. What is the competitive strategic window for opportunities in the North America Parking Management Market?
5. What are the technology trends and regulatory frameworks in the North America Parking Management Market?
6. What is the market share of the leading vendors in the North America Parking Management Market?
7. What modes and strategic moves are considered suitable for entering the North America Parking Management Market?

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

5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.2. Restraints
5.1.3. Opportunities
5.1.4. Challenges
5.2. Cumulative Impact of COVID-19

6. Parking Management Market, by Technology
6.1. Introduction
6.2. GSM-Based Parking Management Systems
6.3. Image Processing
6.4. License Plate Recognition
6.5. RFID-Based Parking Management Systems
6.6. Visible Light Communication

7. Parking Management Market, by Component
7.1. Introduction
7.2. Services
7.3.1. Support & Maintenance Services
7.3.2. System Integration Services
7.3. Solutions
7.4.1. Parking Access & Revenue Control Solutions
7.4.2.1. Automated Gates
7.4.2.2. Handheld Ticket Writers
7.4.2.3. Parking Meters
7.4.2. Parking Guidance System
7.4.3. Permit Management Solutions
7.4.4. Reservation Management Solutions
7.4.5. Security & Surveillance
7.4.6.1. Alarms & Locators
7.4.6.2. Surveillance Cameras

8. Parking Management Market, by Parking Site
8.1. Introduction
8.2. Off-Street
8.3. On-Street

9. Parking Management Market, by Deployment
9.1. Introduction
9.2. On-Cloud
9.3. On-Premise

10. Parking Management Market, by End User
10.1. Introduction
10.2. Commercial
10.3.1. Airports, Railway Stations, & Bus Terminals
10.3.2. Office Spaces
10.3.3. Retail, Entertainment, and Leisure
10.3. Residential

11. Canada Parking Management Market
11.1. Introduction

12. Mexico Parking Management Market
12.1. Introduction

13. United States Parking Management Market
13.1. Introduction

14. Competitive Landscape
14.1. FPNV Positioning Matrix
14.1.1. Quadrants
14.1.2. Business Strategy
14.1.3. Product Satisfaction
14.2. Market Ranking Analysis, By Key Player
14.3. Market Share Analysis, By Key Player
14.4. Competitive Scenario
14.4.1. Merger & Acquisition
14.4.2. Agreement, Collaboration, & Partnership
14.4.3. New Product Launch & Enhancement
14.4.4. Investment & Funding
14.4.5. Award, Recognition, & Expansion

15. Company Usability Profiles
15.1. Amano Corporation
15.1.1. Business Overview
15.1.2. Key Executives
15.1.3. Product & Services
15.2. APCOA Parking Holdings GmbH
15.2.1. Business Overview
15.2.2. Key Executives
15.2.3. Product & Services
15.3. Chetu Inc.
15.3.1. Business Overview
15.3.2. Key Executives
15.3.3. Product & Services
15.4. CivicSmart, Inc.
15.4.1. Business Overview
15.4.2. Key Executives
15.4.3. Product & Services
15.5. Cleverciti Systems GmbH
15.5.1. Business Overview
15.5.2. Key Executives
15.5.3. Product & Services
15.6. Conduent Incorporated
15.6.1. Business Overview
15.6.2. Key Executives
15.6.3. Product & Services
15.7. FlashParking, Inc.
15.7.1. Business Overview
15.7.2. Key Executives
15.7.3. Product & Services
15.8. Flowbird
15.8.1. Business Overview
15.8.2. Key Executives
15.8.3. Product & Services
15.9. Get My Parking
15.9.1. Business Overview
15.9.2. Key Executives
15.9.3. Product & Services
15.10. IEM S.A.
15.10.1. Business Overview
15.10.2. Key Executives
15.10.3. Product & Services
15.11. INRIX, Inc.
15.11.1. Business Overview
15.11.2. Key Executives
15.11.3. Product & Services
15.12. IPS Group, Inc.
15.12.1. Business Overview
15.12.2. Key Executives
15.12.3. Product & Services
15.13. Klaus Multiparking GmbH
15.13.1. Business Overview
15.13.2. Key Executives
15.13.3. Product & Services
15.14. Nedap N.V.
15.14.1. Business Overview
15.14.2. Key Executives
15.14.3. Product & Services
15.15. Parkpnp Limited T/A Wayleadr
15.15.1. Business Overview
15.15.2. Key Executives
15.15.3. Product & Services
15.16. Passport Labs, Inc.
15.16.1. Business Overview
15.16.2. Key Executives
15.16.3. Product & Services
15.17. Precise Parklink, Inc.
15.17.1. Business Overview
15.17.2. Key Executives
15.17.3. Product & Services
15.18. Robert Bosch GmbH
15.18.1. Business Overview
15.18.2. Key Executives
15.18.3. Product & Services
15.19. Siemens AG
15.19.1. Business Overview
15.19.2. Key Executives
15.19.3. Product & Services
15.20. SKIDATA GmbH
15.20.1. Business Overview
15.20.2. Key Executives
15.20.3. Product & Services
15.21. Smart Parking Limited
15.21.1. Business Overview
15.21.2. Key Executives
15.21.3. Product & Services
15.22. Stanley Robotics
15.22.1. Business Overview
15.22.2. Key Executives
15.22.3. Product & Services
15.23. Streetline
15.23.1. Business Overview
15.23.2. Key Executives
15.23.3. Product & Services
15.24. SWARCO AG
15.24.1. Business Overview
15.24.2. Key Executives
15.24.3. Product & Services
15.25. T2 Systems, Inc.
15.25.1. Business Overview
15.25.2. Key Executives
15.25.3. Product & Services
15.26. TIBA Parking LLC
15.26.1. Business Overview
15.26.2. Key Executives
15.26.3. Product & Services
15.27. Total Parking Solutions Ltd.
15.27.1. Business Overview
15.27.2. Key Executives
15.27.3. Product & Services
15.28. Urbiotica
15.28.1. Business Overview
15.28.2. Key Executives
15.28.3. Product & Services
15.29. VersionX Innovations Private Ltd.
15.29.1. Business Overview
15.29.2. Key Executives
15.29.3. Product & Services
15.30. WISEGO
15.30.1. Business Overview
15.30.2. Key Executives
15.30.3. Product & Services

16. Appendix
16.1. Discussion Guide
16.2. License & Pricing