Off-Street Parking Management System Market by Product Type, End-Users, and Geography (North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa): Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2033

Description

Persistence Market Research has recently conducted an in-depth analysis of the Off-Street Parking Management System Market, providing a comprehensive report on the global landscape. This report offers key insights into market dynamics, trends, opportunities, and challenges, offering a detailed overview of the market structure. The research publication presents exclusive data and statistics, projecting the anticipated growth trajectory of the Off-Street Parking Management System Market from 2024 to 2033.

Key Insights:

Off-street parking management system Market Size (2023): US$ 6994.4 Million
Projected Market Value (2033): US$ 16,273.9 Million
Global Market Growth Rate (2024 to 2033): 9.8%
Parking Fee & Revenue Management Segment Market Share (2024):19.7%

Off-Street Parking Management System Market - Report Scope

Off-street parking management systems encompass a suite of processes and technologies aimed at regulating and overseeing the use of parking facilities situated away from public streets, including lots, garages, and other private or semi-private spaces. Typically employing software, ticketing machines, entry and exit barriers, and payment systems, these systems facilitate space allocation, usage tracking, and payment enforcement, ultimately enhancing the parking experience for users while optimizing resource utilization and mitigating congestion.

The industry's growth is driven by various factors, notably escalating urbanization and vehicle ownership, which amplify the demand for parking spaces, necessitating more efficient management solutions. Furthermore, the adoption of smart city initiatives and technologies by municipalities plays a pivotal role. These systems, integral to such initiatives, contribute to traffic congestion reduction, emissions mitigation, and enhanced urban mobility.

Market Growth Drivers

Urbanization: The rapid growth of urban areas worldwide leads to increased vehicle ownership and higher demand for parking spaces, necessitating more efficient parking management solutions.

Increasing Vehicle Ownership: As the number of vehicles on the roads continues to rise, the need for adequate parking facilities becomes more pressing, driving the adoption of off-street parking management systems.

Smart City Initiatives: Cities are increasingly investing in smart technologies to enhance the quality of life for residents. Off-street parking management systems are integral to these initiatives, helping to alleviate traffic congestion, reduce emissions, and improve overall urban mobility.

Market Restraints

High Initial Investment: The implementation of off-street parking management systems often requires significant upfront investment in infrastructure, technology, and software, which can be a barrier for some organizations and municipalities.

Integration Challenges: Integrating parking management systems with existing infrastructure and technologies can be complex and time-consuming, particularly in densely populated urban areas with limited space and resources.

Resistance to Change: Resistance from traditional parking operators, local authorities, or users accustomed to conventional parking methods may impede the adoption of off-street parking management systems, slowing market growth.

Security Concerns: With the increasing reliance on technology and data collection in parking management systems, concerns about data privacy, cybersecurity, and potential misuse of personal information may hinder adoption.

Opportunities

Expansion in Emerging Markets: Emerging economies experiencing rapid urbanization and increasing vehicle ownership present untapped opportunities for off-street parking management system providers to establish a presence and address growing parking demands.

Technological Advancements: Continued advancements in technology, including AI, IoT, machine learning, and big data analytics, offer opportunities to develop more sophisticated and efficient parking management solutions that enhance user experience and optimize resource utilization.

Integration with Smart City Ecosystems: Off-street parking management systems can integrate with broader smart city initiatives, such as intelligent transportation systems and urban mobility platforms, to create seamless, interconnected urban environments that improve efficiency and quality of life.

Key Questions Answered in Report::

What is the current size and value of the off-street parking management system market globally and in key regions?
What are the major drivers fueling the growth of the off-street parking management system market?
What are the primary challenges and restraints hindering market growth, and how can they be addressed?
What are the key trends shaping the off-street parking management system market, including technological advancements, regulatory changes, and consumer preferences?
Who are the leading players in the off-street parking management system market, and what are their market shares and strategies?

Key Companies Profiled

3M Company
Skidata AG
IBM Corporation
Xerox Corporation
Amano Corporation
Kapsch TrafficCom AG
Nortech Control Systems Limited
Tiba Parking LLC
SWARCO AG
Cubic Corporation

Off-Street Parking Management system Market Segmentation

By System:

Access Control Systems
Parking Fee & Revenue Management
Parking Reservation Management
Valet Parking Management
Parking Guidance & Slot Management
Others

By Component:

Off-Street Parking Management Software

oOn-premise Parking Management Software

oCloud-based Parking Management Software

Off-Street Parking Management Hardware

oEntry/Exit Terminals

oCard Readers

oValidation Solutions

oPay on Foot Stations

oLPR Systems

oOthers

Off-Street Parking Management Services

oConsulting

oDeployment & Customization

oMaintenance & Support

By End User:

Off-Street Parking Management Systems for Government and Municipalities
Off-Street Parking Management Systems for Airports
Off-Street Parking Management Systems for Healthcare
Off-Street Parking Management Systems for Corporate and Commercial Parks
Off-Street Parking Management Systems for Commercial Institutions
Others

By Region:

North America
Latin America
Europe
East Asia
South Asia Pacific
Middle East and Africa

Product Code: PMRREP4728

1. Executive Summary

1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market
3.2. Solution Innovation / Development Trends

4. Pricing Analysis

4.1. Pricing Analysis, By System
4.2. Average Pricing Analysis Benchmark

5. Global Off-Street Parking Management System Market Demand (in Value in US$ Mn) Analysis 2019-2023 and Forecast, 2024-2033

5.1. Historical Market Value (US$ Mn) Analysis, 2019-2023
5.2. Current and Future Market Value (US$ Mn) Projections, 2024-2033
- 5.2.1. Y-o-Y Growth Trend Analysis
- 5.2.2. Absolute $ Opportunity Analysis

6. Market Background

6.1. Macro-Economic Factors
6.2. Forecast Factors - Relevance & Impact
6.3. Value Chain
6.4. COVID-19 Crisis - Impact Assessment
- 6.4.1. Current Statistics
- 6.4.2. Short-Mid-Long Term Outlook
- 6.4.3. Likely Rebound
6.5. Market Dynamics
- 6.5.1. Drivers
- 6.5.2. Restraints
- 6.5.3. Opportunities

7. Global Off-Street Parking Management System Market Analysis 2019-2023 and Forecast 2024-2033, by System

7.1. Introduction / Key Findings
7.2. Historical Market Size (US$ Mn) Analysis By System, 2019-2023
7.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By System, 2024-2033
- 7.3.1. Access Control Systems
- 7.3.2. Parking Fee & Revenue Management
- 7.3.3. Parking Reservation Management
- 7.3.4. Valet Parking Management
- 7.3.5. Parking Guidance & Slot Management
- 7.3.6. Others
7.4. Market Attractiveness Analysis By System

8. Global Off-Street Parking Management System Market Analysis 2019-2023 and Forecast 2024-2033, by Component

8.1. Introduction / Key Findings
8.2. Historical Market Size (US$ Mn) Analysis By Component, 2019-2023
8.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Component, 2024-2033
- 8.3.1. Off-Street Parking Management Software
  - 8.3.1.1. On-premise Parking Management Software
  - 8.3.1.2. Cloud-based Parking Management Software
- 8.3.2. Off-Street Parking Management Hardware
  - 8.3.2.1. Entry/Exit Terminals
  - 8.3.2.2. Card Readers
  - 8.3.2.3. Validation Solutions
  - 8.3.2.4. Pay on Foot Stations
  - 8.3.2.5. LPR Systems
  - 8.3.2.6. Others
- 8.3.3. Off-Street Parking Management Services
  - 8.3.3.1. Consulting
  - 8.3.3.2. Deployment & Customization
  - 8.3.3.3. Maintenance & Support
8.4. Market Attractiveness Analysis By Component

9. Global Off-Street Parking Management System Market Analysis 2019-2023 and Forecast 2024-2033, by End User

9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Mn) Analysis By End User, 2019-2023
9.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By End User, 2024-2033
- 9.3.1. Off-Street Parking Management Systems for Government and Municipalities
- 9.3.2. Off-Street Parking Management Systems for Airports
- 9.3.3. Off-Street Parking Management Systems for Healthcare
- 9.3.4. Off-Street Parking Management Systems for Corporate and Commercial Parks
- 9.3.5. Off-Street Parking Management Systems for Commercial Institutions
- 9.3.6. Others
9.4. Market Attractiveness Analysis By End User

10. Global Off-Street Parking Management System Market Analysis 2019-2023 and Forecast 2024-2033, by Region

10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Mn) Analysis By Region, 2019-2023
10.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Region, 2024-2033
- 10.3.1. North America
- 10.3.2. Latin America
- 10.3.3. Europe
- 10.3.4. East Asia
- 10.3.5. South Asia Pacific
- 10.3.6. Middle East and Africa
10.4. Market Attractiveness Analysis By Region

11. North America Off-Street Parking Management System Market Analysis 2019-2023 and Forecast 2024-2033

11.1. Introduction
11.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2019-2023
11.3. Current and Future Market Size (US$ Mn) Forecast By Market Taxonomy, 2024-2033
- 11.3.1. By System
- 11.3.2. By Component
- 11.3.3. By End User
- 11.3.4. By Country
  - 11.3.4.1. U.S.
  - 11.3.4.2. Canada
11.4. Market Attractiveness Analysis
- 11.4.1. By System
- 11.4.2. By Component
- 11.4.3. By End User
- 11.4.4. By Country

12. Latin America Off-Street Parking Management System Market Analysis 2019-2023 and Forecast 2024-2033

12.1. Introduction
12.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2019-2023
12.3. Current and Future Market Size (US$ Mn) Forecast By Market Taxonomy, 2024-2033
- 12.3.1. By System
- 12.3.2. By Component
- 12.3.3. By End User
- 12.3.4. By Country
  - 12.3.4.1. Brazil
  - 12.3.4.2. Mexico
  - 12.3.4.3. Rest of Latin America
12.4. Market Attractiveness Analysis
- 12.4.1. By System
- 12.4.2. By Component
- 12.4.3. By End User
- 12.4.4. By Country

13. Europe Off-Street Parking Management System Market Analysis 2019-2023 and Forecast 2024-2033

13.1. Introduction
13.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2019-2023
13.3. Current and Future Market Size (US$ Mn) Forecast By Market Taxonomy, 2024-2033
- 13.3.1. By System
- 13.3.2. By Component
- 13.3.3. By End User
- 13.3.4. By Country
  - 13.3.4.1. Germany
  - 13.3.4.2. Italy
  - 13.3.4.3. France
  - 13.3.4.4. U.K.
  - 13.3.4.5. Spain
  - 13.3.4.6. BENELUX
  - 13.3.4.7. Russia
  - 13.3.4.8. Rest of Europe
13.4. Market Attractiveness Analysis
- 13.4.1. By System
- 13.4.2. By Component
- 13.4.3. By End User
- 13.4.4. By Country

14. South Asia & Pacific Off-Street Parking Management System Market Analysis 2019-2023 and Forecast 2024-2033

14.1. Introduction
14.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2019-2023
14.3. Current and Future Market Size (US$ Mn) Forecast By Market Taxonomy, 2024-2033
- 14.3.1. By System
- 14.3.2. By Component
- 14.3.3. By End User
- 14.3.4. By Country
  - 14.3.4.1. India
  - 14.3.4.2. Indonesia
  - 14.3.4.3. Malaysia
  - 14.3.4.4. Singapore
  - 14.3.4.5. Australia & New Zealand
  - 14.3.4.6. Rest of South Asia and Pacific
14.4. Market Attractiveness Analysis
- 14.4.1. By System
- 14.4.2. By Component
- 14.4.3. By End User
- 14.4.4. By Country

15. East Asia Off-Street Parking Management System Market Analysis 2019-2023 and Forecast 2024-2033

15.1. Introduction
15.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2019-2023
15.3. Current and Future Market Size (US$ Mn) Forecast By Market Taxonomy, 2024-2033
- 15.3.1. By System
- 15.3.2. By Component
- 15.3.3. By End User
- 15.3.4. By Country
  - 15.3.4.1. China
  - 15.3.4.2. Japan
  - 15.3.4.3. South Korea
15.4. Market Attractiveness Analysis
- 15.4.1. By System
- 15.4.2. By Component
- 15.4.3. By End User
- 15.4.4. By Country

16. Middle East and Africa Off-Street Parking Management System Market Analysis 2019-2023 and Forecast 2024-2033

16.1. Introduction
16.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2019-2023
16.3. Current and Future Market Size (US$ Mn) Forecast By Market Taxonomy, 2024-2033
- 16.3.1. By System
- 16.3.2. By Component
- 16.3.3. By End User
- 16.3.4. By Country
  - 16.3.4.1. GCC Countries
  - 16.3.4.2. Turkey
  - 16.3.4.3. South Africa
  - 16.3.4.4. Rest of Middle East and Africa
16.4. Market Attractiveness Analysis
- 16.4.1. By System
- 16.4.2. By Component
- 16.4.3. By End User
- 16.4.4. By Country

17. Key Countries Analysis- Off-Street Parking Management System Market

17.1. U.S. Off-Street Parking Management System Market Analysis
- 17.1.1. By System
- 17.1.2. By Component
- 17.1.3. By End User
17.2. Canada Off-Street Parking Management System Market Analysis
- 17.2.1. By System
- 17.2.2. By Component
- 17.2.3. By End User
17.3. Mexico Off-Street Parking Management System Market Analysis
- 17.3.1. By System
- 17.3.2. By Component
- 17.3.3. By End User
17.4. Brazil Off-Street Parking Management System Market Analysis
- 17.4.1. By System
- 17.4.2. By Component
- 17.4.3. By End User
17.5. Germany Off-Street Parking Management System Market Analysis
- 17.5.1. By System
- 17.5.2. By Component
- 17.5.3. By End User
17.6. Italy Off-Street Parking Management System Market Analysis
- 17.6.1. By System
- 17.6.2. By Component
- 17.6.3. By End User
17.7. France Off-Street Parking Management System Market Analysis
- 17.7.1. By System
- 17.7.2. By Component
- 17.7.3. By End User
17.8. U.K. Off-Street Parking Management System Market Analysis
- 17.8.1. By System
- 17.8.2. By Component
- 17.8.3. By End User
17.9. Spain Off-Street Parking Management System Market Analysis
- 17.9.1. By System
- 17.9.2. By Component
- 17.9.3. By End User
17.10. BENELUX Off-Street Parking Management System Market Analysis
- 17.10.1. By System
- 17.10.2. By Component
- 17.10.3. By End User
17.11. Russia Off-Street Parking Management System Market Analysis
- 17.11.1. By System
- 17.11.2. By Component
- 17.11.3. By End User
17.12. Rest of Europe Off-Street Parking Management System Market Analysis
- 17.12.1. By System
- 17.12.2. By Component
- 17.12.3. By End User
17.13. China Off-Street Parking Management System Market Analysis
- 17.13.1. By System
- 17.13.2. By Component
- 17.13.3. By End User
17.14. Japan Off-Street Parking Management System Market Analysis
- 17.14.1. By System
- 17.14.2. By Component
- 17.14.3. By End User
17.15. South Korea Off-Street Parking Management System Market Analysis
- 17.15.1. By System
- 17.15.2. By Component
- 17.15.3. By End User
17.16. India Off-Street Parking Management System Market Analysis
- 17.16.1. By System
- 17.16.2. By Component
- 17.16.3. By End User
17.17. Malaysia Off-Street Parking Management System Market Analysis
- 17.17.1. By System
- 17.17.2. By Component
- 17.17.3. By End User
17.18. Indonesia Off-Street Parking Management System Market Analysis
- 17.18.1. By System
- 17.18.2. By Component
- 17.18.3. By End User
17.19. Singapore Off-Street Parking Management System Market Analysis
- 17.19.1. By System
- 17.19.2. By Component
- 17.19.3. By End User
17.20. Australia and New Zealand Off-Street Parking Management System Market Analysis
- 17.20.1. By System
- 17.20.2. By Component
- 17.20.3. By End User
17.21. GCC Countries Off-Street Parking Management System Market Analysis
- 17.21.1. By System
- 17.21.2. By Component
- 17.21.3. By End User
17.22. Turkey Off-Street Parking Management System Market Analysis
- 17.22.1. By System
- 17.22.2. By Component
- 17.22.3. By End User
17.23. South Africa Off-Street Parking Management System Market Analysis
- 17.23.1. By System
- 17.23.2. By Component
- 17.23.3. By End User
17.24. Rest of Middle East and Africa Off-Street Parking Management System Market Analysis
- 17.24.1. By System
- 17.24.2. By Component
- 17.24.3. By End User

18. Market Structure Analysis

18.1. Market Analysis by Tier of Companies
18.2. Market Share Analysis of Top Players
18.3. Market Presence Analysis

19. Competition Analysis

19.1. Competition Dashboard
19.2. Competition Benchmarking
19.3. Competition Deep Dive
- 19.3.1. 3M Company
  - 19.3.1.1. Business Overview
  - 19.3.1.2. Solution portfolio
  - 19.3.1.3. Profitability by Market Segments (Business Segments/Region)
  - 19.3.1.4. Key Strategy & Developments
- 19.3.2. 3M Company
- 19.3.3. Skidata AG
- 19.3.4. IBM Corporation
- 19.3.5. Xerox Corporation
- 19.3.6. Amano Corporation
- 19.3.7. Kapsch TrafficCom AG
- 19.3.8. Nortech Control Systems Limited
- 19.3.9. Tiba Parking LLC
- 19.3.10. SWARCO AG
- 19.3.11. Cubic Corporation