Welcome!

News Feed Item

Future of Vehicle Parking Management Systems in North America and Europe

LONDON, Jan. 6, 2014 /PRNewswire/ -- Reportbuyer.com just published a new market research report:

Future of Vehicle Parking Management Systems in North America and Europe

Smart Parking, Aided by Real-time Parking Information and Technology to be Future of Parking

The aim of this research service is to provide a strategic overview of the parking industry and its stakeholders in Europe and North America. The study analyses the key operational strategies of parking operators, parking app providers, automakers and their implications on mobility integration. An attempt has been made to understand the major parking operators' and parking app providers' operational business models in Europe and North America. The study also entails the major parking technologies used in the area of ticketing, vehicle number plate recognition, and parking space availability. It draws a comparison of the conventional and modern parking industry, which is now considered as a significant entity of mobility in cities.

Executive Summary—Key Findings

1. Early stage growth opportunities will attract X new start-ups in the parking industry providing real-time parking applications with investments ranging from $X to $X million in the next X toX years.
2. More than X global automotive original equipment manufacturers (OEMs) are expected to be associated in strategic alliances by 2020 via partnerships with parking operators, app providers, standalone, via car sharing, or all of the above.
3. The parking industry is expected to be more connected and integrated with trends and technologies such as M2M (Machine-to-Machine), IoT (Internet of Things), LBS (Location-Based Services), cloud-based services, and mobile-based applications.
4. The automotive industry is expected to congregate and include real-time parking information assistance along with in-vehicle communications, telematics, navigation, and infotainment services.
5. Over the next decade, the majority of parking lot navigation and transactions will migrate toward the smartphone or autonomous in-car meter, slowly relieving the city streets of expensive and costly payment machines.
6. The future parking industry will have the proliferation of services hosted on cloud computing, mobile, personal, local, and social media. Smart parking initiatives will be enhanced with street-level-to-cloud network and data analysis applications.
7. The US parking industry grosses $X to $Xbillion annually and provides a minimum of three parking spaces to each car it has on road. Meanwhile the parking industry turnover of public parking spaces in Western Europe (EU-15) is estimated at over € billion a year, providing a minimum of one parking space for each car.
8. By 2020, it is expected that nearly Xmillion parking spaces will deliver real-time parking information with the help of sensors. Technology start-ups installed sensors for of San Francisco's meters (SFpark project) and parking spots on downtown Los Angeles' streets (LA Express Park).
9. The five largest private parking companies in Europe operate almost X million parking spaces with an annual revenue of € billion.
10. Germany, among the European markets, is expected to be the leader in parking management in terms of number of participants, flexibility of operations, and innovations in parking, followed by the United Kingdom and France by 2020.
11. European cities are on the verge of reducing parking spaces while freeing up city space to relieve congestion and apply effective motivation to use public transport. Cities such as Paris, London, Amsterdam, Zurich, and Stockholm are working on smart strategies to free up city space by installing bollards* and adopting smart parking initiatives.
12. Telecom and IT companies are entering the parking industry with smart sensor-based solutions, information management, and advanced analytics.
13. The top five states in the United States with parking facilities—California, New York, Texas, Florida, and Illinois—generate more thanX% of the revenue, and constitute X% of the parking facilities in the United States.
14. European cities are leading the world in using parking as a tool to revitalise their cities, while the US parking industry has seen a lower level of innovation to catch up to Europe's use of technology.

Evolution of the Parking Industry

Parking facilities are going green and smart, and are experiencing an explosion of new parking applications for smart phones and mobile devices and moving away from cash payments to ePayment.

Parking Management: Parking Industry Evolution, Europe and North America, 1990–2015

1990s - Manually operated parking industry
Parking personnel
Paper-based ticket
Mechanical Parking
Parking Meters
Zero Automation
Cash-based Payments

2000 - Significant level of automation
Automated Parking Systems
License Plate Recognition
EV Charging Facilities
Pay-on-foot Machines
Smart Cards
Technologies – RFID, CCTV

2010 - Integration of Web-based services and new technologies
Pre-book system
Centralised Network Management Systems
Parking Guidance
Navigational Assistance
Mobile Payment Technology

Beyond 2015 - Smart parking, consolidation of services
Real-time parking
Cloud-based services, pay-by-text, pay-by-voice, pay-by-phone
Mobile apps for payment and reservation
Parking Analytics
In-vehicle parking reservation
Wireless Sensor Integration

Executive Summary—Key Findings and Future Outlook

Parking Management: Key Findings and Future Outlook, Europe and North America, 2013–2020

Market Status
Current
5 key global automotive OEMs have invested or shown interest in the parking industry in different spheres of integration—in parking apps, parking garages, or infrastructure providers—and have expanded their portfolios.
Future
At least X to Xautomotive OEMs are expected to venture into the parking industry and exhibit a higher level on integration.

Trends
Current
A trend in the parking industry is connectivity and accessibility. The major parking operators in Europe and the United States are associating with real-time parking information providers to help customers in locating parking garages, the cost and availability of vacant spaces, and reservation of space.
Future
Parking to be more integrated and involve participants from automotive, communication, infrastructure, and technology providers, all working together. Parking will be a hot spot for mobility in cities and a dependable revenue generation model.

Solutions
Current
The US parking industry grosses $X–$X billion annually for the X million registered US passenger vehicles and adds X% to carbon dioxide emissions. The parking spaces total 160 billion square feet of concrete and asphalt.
Future
A number— or more—of potential private-public joint initiatives such as SFpark, ParkIndy, and LA Express Park™ have helped the removal and recycling of unused parking lots and garages. Smart, real-time parking to be the future.

Technology
Current
The present day parking industry is engrossed with automation solutions and basic level software implications for parking reservations and payments.
Future
Future trends will have the inclusion of adapted technologies from the communications and IT industry, such as M2M (machine-to-machine), IoT (Internet of Things), LBS (location-based Services), cloud-based services, and mobile-based applications which will integrate and work together.

Overview—Parking Ticket Technologies

The trend for parking reservations is going online and is also assisted by mobile-based bookings, which is a value-addition to the conventional ticket technologies.

Technologies used for Parking Tickets
RFID (Radio-frequency identification) windshield key tags: The state-of-the-art access solution is easy to operate and environmentally-friendly key tags are easy to mount and are PVC (polyvinyl chloride) free.
Pay-by-phone (sms): Used by Impark and LAZ parking companies with a Wireless Suite.
NFC (Near-field Communication) Cell phone as a ticket: Paperless tickets to the marketplace. Simple ticket to long-term parking pass, e.g., Mobile Parking Tickets in Vienna.
Pay-by-plate Parking (Automatic Number Plate Recognition): The Calgary Parking Authority uses a pay-by-plate system assisted with highly sophisticated cameras.
Using Smart Card, such as P-card from Contipark: Ticketless parking and can be monitored online with convenience.
Using Mobile app: APCOA uses mobile app to pay for its parking usage.

Key Questions this Study will Answer

• What is the business environment of the parking industry, the dynamics, and other related industries?
• Who are the key parking operators in Europe and North America? What is their approach and operational business model?
• What are the key trends in the current and future parking industry? What levels of modernisation and innovation does the parking industry exhibit?
• What are the challenges in parking management and how is the industry working with city councils, governments, automakers, and infrastructure providers to deliver the best services?
• Who are the new participants in the parking industry and what is the level of convergence?
• How are automotive OEMs integrating parking into the vehicle and what is the level of integration?

Table of Contents

1. Executive Summary
2. Research Scope, Objectives, Methodology, and Background
3. Definitions and Segmentation
4. Overview of the Parking Industry
5. Megatrends and Industry Convergence Implications
6. European Parking Industry
• Parking Industry Structure and Value Chain
• Parking Industry Trends, Case Studies, and Business Models
• Case Studies of Traditional Parking Companies
7. North American Parking Industry
• Parking Industry Structure and Value Chain
• Parking Industry Trends, Case Studies, and Business Models
• Case Studies of Traditional Parking Companies
8. Future Trends in the Parking Industry
9. Business Models—Parking Industry
10. Conclusions and Future Outlook
11. Appendix

Read the full report:
Future of Vehicle Parking Management Systems in North America and Europe
http://www.reportbuyer.com/telecoms/handsets_devices/future_vehicle_parking_management_systems_north_america_europe.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Portable_Devices

For more information:
Sarah Smith
Research Advisor at Reportbuyer.com
Email: [email protected]  
Tel: +44 208 816 85 48
Website: www.reportbuyer.com

SOURCE ReportBuyer

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Manufacturers are embracing the Industrial Internet the same way consumers are leveraging Fitbits – to improve overall health and wellness. Both can provide consistent measurement, visibility, and suggest performance improvements customized to help reach goals. Fitbit users can view real-time data and make adjustments to increase their activity. In his session at @ThingsExpo, Mark Bernardo Professional Services Leader, Americas, at GE Digital, will discuss how leveraging the Industrial Interne...
The IETF draft standard for M2M certificates is a security solution specifically designed for the demanding needs of IoT/M2M applications. In his session at @ThingsExpo, Brian Romansky, VP of Strategic Technology at TrustPoint Innovation, will explain how M2M certificates can efficiently enable confidentiality, integrity, and authenticity on highly constrained devices.
There is an ever-growing explosion of new devices that are connected to the Internet using “cloud” solutions. This rapid growth is creating a massive new demand for efficient access to data. And it’s not just about connecting to that data anymore. This new demand is bringing new issues and challenges and it is important for companies to scale for the coming growth. And with that scaling comes the need for greater security, gathering and data analysis, storage, connectivity and, of course, the...
In his session at 18th Cloud Expo, Sagi Brody, Chief Technology Officer at Webair Internet Development Inc., will focus on real world deployments of DDoS mitigation strategies in every layer of the network. He will give an overview of methods to prevent these attacks and best practices on how to provide protection in complex cloud platforms. He will also outline what we have found in our experience managing and running thousands of Linux and Unix managed service platforms and what specifically c...
Many private cloud projects were built to deliver self-service access to development and test resources. While those clouds delivered faster access to resources, they lacked visibility, control and security needed for production deployments. In their session at 18th Cloud Expo, Steve Anderson, Product Manager at BMC Software, and Rick Lefort, Principal Technical Marketing Consultant at BMC Software, will discuss how a cloud designed for production operations not only helps accelerate developer...
Redis is not only the fastest database, but it has become the most popular among the new wave of applications running in containers. Redis speeds up just about every data interaction between your users or operational systems. In his session at 18th Cloud Expo, Dave Nielsen, Developer Relations at Redis Labs, will shares the functions and data structures used to solve everyday use cases that are driving Redis' popularity.
See storage differently! Storage performance problems have only gotten worse and harder to solve as applications have become largely virtualized and moved to a cloud-based infrastructure. Storage performance in a virtualized environment is not just about IOPS, it is about how well that potential performance is guaranteed to individual VMs for these apps as the number of VMs keep going up real time. In his session at 18th Cloud Expo, Dhiraj Sehgal, in product and marketing at Tintri, will discu...
Increasing IoT connectivity is forcing enterprises to find elegant solutions to organize and visualize all incoming data from these connected devices with re-configurable dashboard widgets to effectively allow rapid decision-making for everything from immediate actions in tactical situations to strategic analysis and reporting. In his session at 18th Cloud Expo, Shikhir Singh, Senior Developer Relations Manager at Sencha, will discuss how to create HTML5 dashboards that interact with IoT devic...
The increasing popularity of the Internet of Things necessitates that our physical and cognitive relationship with wearable technology will change rapidly in the near future. This advent means logging has become a thing of the past. Before, it was on us to track our own data, but now that data is automatically available. What does this mean for mHealth and the "connected" body? In her session at @ThingsExpo, Lisa Calkins, CEO and co-founder of Amadeus Consulting, will discuss the impact of wea...
As the rapid adoption of containers continues, companies are finding that they lack the operational tools to understand the behavior of applications deployed in these containers, and how to identify issues in their application infrastructure. For example, how are multiple containers within an application impacting each other’s performance? If an application’s service is degraded, which container is to blame? In the case of an application outage, what was the root cause of the outage?
SYS-CON Events announced today that Ericsson has been named “Gold Sponsor” of SYS-CON's @ThingsExpo, which will take place on June 7-9, 2016, at the Javits Center in New York, New York. Ericsson is a world leader in the rapidly changing environment of communications technology – providing equipment, software and services to enable transformation through mobility. Some 40 percent of global mobile traffic runs through networks we have supplied. More than 1 billion subscribers around the world re...
In the world of DevOps there are ‘known good practices’ – aka ‘patterns’ – and ‘known bad practices’ – aka ‘anti-patterns.' Many of these patterns and anti-patterns have been developed from real world experience, especially by the early adopters of DevOps theory; but many are more feasible in theory than in practice, especially for more recent entrants to the DevOps scene. In this power panel at @DevOpsSummit at 18th Cloud Expo, moderated by DevOps Conference Chair Andi Mann, panelists will dis...
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
You deployed your app with the Bluemix PaaS and it's gaining some serious traction, so it's time to make some tweaks. Did you design your application in a way that it can scale in the cloud? Were you even thinking about the cloud when you built the app? If not, chances are your app is going to break. Check out this webcast to learn various techniques for designing applications that will scale successfully in Bluemix, for the confidence you need to take your apps to the next level and beyond.
SYS-CON Events announced today that Peak 10, Inc., a national IT infrastructure and cloud services provider, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Peak 10 provides reliable, tailored data center and network services, cloud and managed services. Its solutions are designed to scale and adapt to customers’ changing business needs, enabling them to lower costs, improve performance and focus inter...