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Global Parking Management Market To Grow At 14.44% CAGR To 2021

Press Release   •   Jan 30, 2017 05:39 EST

About Parking Management

Parking management systems help people find parking spots quickly and provide necessary guidelines to make the whole process smooth, reducing frustration and enhancing the visitor experience. Parking management systems comprise traveler information systems, real-time vehicle counting, real-time parking guidance display, video surveillance, and easy payment options. Some advanced parking management systems allow users to reserve and pay for a parking space via telephone or the internet.

Technavios analysts forecast the global parking management market to grow at a CAGR of 14.44% during the period 2017-2021.

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Covered in this report

The report covers the present scenario and the growth prospects of the global parking management market for 2017-2021. To calculate the market size, the report considers the revenue generated from the applications in government, business, and transport, parking facilities: off-street and on-street, and categories such as revenue management, security and surveillance, access control, reservation management, valet facility management, and others.

The market is divided into the following segments based on geography:




Technavio's report, Global Parking Management Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

Amano McGann





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Other prominent vendors



Cisco Jasper

Deutsche Telekom




IPS Group


Nedap Mobility Solutions

Orange Business Services

Oti (PARX)



ParkMe (INRIX)





Sierra Wireless

Smart Parking


Synapt (Prodapt Solutions)






Market driver

Adoption of wireless connectivity

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Market challenge

High maintenance costs

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Market trend

Outsourcing of parking operations

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Key questions answered in this report

What will the market size be in 2021 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?

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Table of Contents

PART 01: Executive summary

PART 02: Scope of the report

Market overview

Top-vendor offerings

PART 03: Market research methodology

Research methodology

Economic indicators

PART 04: Introduction

Key market highlights

PART 05: Market landscape

Market overview

Market size and forecast

PART 06: Five forces analysis

PART 07: Market segmentation by application

Market size and forecast

PART 08: Market segmentation by parking facility

Market size and forecast

PART 09: Market segmentation by component

Market size and forecast

PART 10: Market segmentation by category

Market size and forecast

PART 11: Geographical segmentation

Market size and forecast

PART 12: Market drivers

PART 13: Impact of drivers

PART 14: Market challenges

PART 15: Impact of drivers and challenges

PART 16: Market trends

PART 17: Vendor landscape

Competitive scenario

PART 18: Key vendor analysis

Amano McGann



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