Europe parking management market to upsurge with a compound annual growth rate of 11.14% during the forecasting period 2019-2027.
The United Kingdom, France, Germany, Spain, Russia, Italy and countries in rest of Europe together constitute the market for parking management in the European region. The parking management market in Italy is estimated to show an upward growth in the coming years. Parking management extends its applications to various sectors such as healthcare, automotive industry and hospitality.
According to the statistics by the OICA, in the year 2015, Italy produced approx. 663139 passenger cars and 351084 commercial vehicles, which has generated a rise in the demand for parking management solutions. Thus, due to the rising awareness regarding the safety of motor vehicles enables the parking management market to grow in the country.
Since February 2006, the tariffs have been changed to optimize the use of parking availability, in order to improve the attractiveness of some parking areas. The application on the parking regulation was approved by the City Council in May 2007. In addition, the control on parking infringements by the Municipal Police and the officers of ASM was enforced.
Key Topics Covered:
1. Europe Parking Management Market - Summary
2. Industry Outlook
2.1. Market Definition
2.2. Key Insights
2.3. Porter's Five Force Analysis
2.4. Market Attractiveness Matrix
2.5. Vendor Scorecard
2.6. Key Impact Analysis
2.7. Market Drivers
2.7.1. Evolving Automotive Industry
2.7.2. Growing Necessity of Eliminating Traffic Jams
2.7.3. Increased Number of Automotive Thefts
2.7.4. Introduction of Real-Time Information in Parking Management
2.8. Market Restraints
2.8.1. High Implementation Costs
2.8.2. Difficulties in Upgradation of Old-Fashioned Parking Places
2.9. Market Opportunities
2.9.1. Emergence of Advanced License Plate Recognition (Lpr) Technology
2.9.2. Growing Smart City Projects Across the Globe
2.9.3. Optimal Utilization of Space
2.10. Market Challenges
2.10.1. High Cost of Workforce Training
2.10.2. Costs Associated With Licensing and Maintenance
3. Europe Parking Management Market Outlook - by Parking Site Type
3.1. Off-Street Parking
3.2. On-Street Parking
4. Europe Parking Management Market Outlook - by Software & Service
4.2. Professional Services
5. Europe Parking Management Market Outlook - by Solution
5.1. Access Control
5.2. Parking Guidance & Slot Management
5.3. Parking Reservation Management
5.4. Parking Fee & Revenue Management
5.5. Parking Fee Enforcement & Permit Management
5.6. Valet Parking Management
5.7. Security & Surveillance
6. Europe Parking Management Market Outlook - by Verticals
6.1. Government & Municipalities
6.3. Corporate & Commercial Parks
6.7. Banking & Financial Institutions
6.10. Other Verticals
7. Europe Parking Management Market - Regional Outlook
7.1. United Kingdom
7.7. Rest of Europe
8. Competitive Landscape
8.1. 3M Company
8.2. Amano Mcgann, Inc.
8.3. Cisco Systems, Inc.
8.4. Cubic Corporation
8.5. Deutsche Telekom AG
8.6. Gemalto N.V.
8.7. Hcl Infotech, Ltd.
8.8. International Business Machines Corporation (Ibm)
8.10. Inrix, Inc.
8.11. Kapsch Trafficcom AG
8.13. Nedap Mobility Solutions
8.14. on Track Innovations (Oti) Ltd.
8.15. Orange Business Services
8.18. Q-Free A.S.A.
8.19. Serco Group plc
8.20. Siemens AG
8.21. Skidata AG
8.22. Swarco AG
8.23. Synapt (Division of Prodapt)
8.24. T2 Systems, Inc.
8.25. Xerox Corporation
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