Press release

COVID-19 Impacts: Parking Management Solutions Market Will Accelerate at a CAGR of Over 8% Through 2020-2024 | The Growth in Smart Parking Deployment Projects to Boost Growth | Technavio

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Technavio has been monitoring the parking management solutions market and it is poised to grow by $ 3.42 bn during 2020-2024, progressing at a CAGR of over 8% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled Global Parking Management Solutions Market 2020-2024 (Graphic: Business Wire)

Technavio has announced its latest market research report titled Global Parking Management Solutions Market 2020-2024 (Graphic: Business Wire)

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Amano Corp., Cisco Systems Inc., Conduent Inc., Flowbird SAS, IPS Group Inc., Kapsch TrafficCom AG, Libelium Comunicaciones Distribuidas SL, Nedap NV, Siemens AG, and SKIDATA AG are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The growth in smart parking deployment projects has been instrumental in driving the growth of the market. However, the lack of integration among siloed parking technologies might hamper market growth.

Parking Management Solutions Market 2020-2024 : Segmentation

Parking Management Solutions Market is segmented as below:

  • Type

    • Off-street Parking
    • On-street Parking
  • Geography

    • North America
    • Europe
    • APAC
    • MEA
    • South America

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR43312

Parking Management Solutions Market 2020-2024 : Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our parking management solutions market report covers the following areas:

  • Parking Management Solutions Market size
  • Parking Management Solutions Market trends
  • Parking Management Solutions Market industry analysis

This study identifies the emergence of automatic valet parking as one of the prime reasons driving the parking management solutions market growth during the next few years.

Parking Management Solutions Market 2020-2024 : Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the parking management solutions market, including some of the vendors such as Amano Corp., Cisco Systems Inc., Conduent Inc., Flowbird SAS, IPS Group Inc., Kapsch TrafficCom AG, Libelium Comunicaciones Distribuidas SL, Nedap NV, Siemens AG, and SKIDATA AG. Backed with competitive intelligence and benchmarking, our research reports on the Parking Management Solutions Market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Parking Management Solutions Market 2020-2024 : Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist parking management solutions market growth during the next five years
  • Estimation of the parking management solutions market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the parking management solutions market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of parking management solutions market vendors

Table Of Contents :

Executive Summary

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook
  • Market size and forecast for 2019 – 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Market segments
  • Comparison by Product
  • Revenue management – Market size and forecast 2019-2024
  • Security and surveillance – Market size and forecast 2019-2024
  • Access control – Market size and forecast 2019-2024
  • Reservation management – Market size and forecast 2019-2024
  • Others – Market size and forecast 2019-2024
  • Market opportunity by Product

Market Segmentation by Type

  • Market segments
  • Comparison by Type
  • Off-street parking – Market size and forecast 2019-2024
  • On-street parking – Market size and forecast 2019-2024
  • Market opportunity by Type

Customer Landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America – Market size and forecast 2019-2024
  • Europe – Market size and forecast 2019-2024
  • APAC – Market size and forecast 2019-2024
  • MEA – Market size and forecast 2019-2024
  • South America – Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Amano Corp.
  • Cisco Systems Inc.
  • Conduent Inc.
  • Flowbird SAS
  • IPS Group Inc.
  • Kapsch TrafficCom AG
  • Libelium Comunicaciones Distribuidas SL
  • Nedap NV
  • Siemens AG
  • SKIDATA AG

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.