Tag Archives for: parking management

How to ease your customer’s concerns about parking – Touchless Solutions by SKIDATA for ‘corona-proof’ premises

June 23, 2020

How to ease your customer’s concerns about parking – Touchless Solutions by SKIDATA for ‘corona-proof’ premises

Finally a chance to be out and about again!

People are looking forward to leaving the confines of their home and spend an event-filled day in town or in a shopping mall. Eating a juicy slice of takeaway pizza on the go, for example – and perhaps noticing that enjoying their first ice cream cone this year has left a stain on their T-shirt. In other words, getting back to regular daily activities.

That’s great, but… how are visitors and shoppers supposed to look forward to a day out, enjoying pizza and ice cream – if that means having to press buttons to park their car and waiting in line with people to pay afterwards? These days no one likes to press buttons without knowing who has touched them before. Or waiting in line and wondering if it was just a common cold that caused the person behind them to sneeze. Just the thought is likely to put a damper on the plans of your potential guests.

Touchless solutions for worry-free parking

With the Touchless Solutions by SKIDATA, ease your customers’ worries ahead of time, when they are planning their day. With these promises, let your customers know that they are welcome and better safeguarded with:

Online pre-booking or registration
No need to open the the car-window when entering or leaving
No need to touch a single button
Payment by credit card or mobile device

Make good on the promises from the moment your customers enter the car park: a simple wave of the hand in front of the entrance column is all it takes to get a ticket and open the barrier. That’s the first hurdle cleared in touchfree fashion. Then, let your customers pay without having to touch a single button: they simply scan their QR coded ticket with their mobile phone and use it for direct payment – no app required. There’s no waiting in line at the pay-on-foot machine. Just scan, pay and drive.

Completely touchless for ultimate parking safety

All-round safety is a reassuring offer. Your customers simply enter with their vehicle’s license plate and pay by credit card. As they approach the parking garage entry, a camera scans their plate and the barrier opens, and payment is done automatically in a true pay-per-use manner at the exit. Simple and efficient.

Offer a special parking experience for your parkers: direct entry without hold-ups. It’s the same when leaving the parking garage: customers get in and drive out – while payment can be completed later. As a special bonus, reward shopping mall customers with special parking discounts for purchases in partnering stores.

Customers will return to what they can trust in

Parking facilities will be winners if they adapt their premises for arising “new normal” conditions, emerging technical trends and social behavior patterns. Tomorrow’s successful parking businesses will offer their customers safe, state-of-the-art entry, payment and exit – and the reassuring feeling of being welcome.

About SKIDATA

SKIDATA is an international leader in the field of access solutions and their management. More than 10,000 SKIDATA installations worldwide in ski resorts, stadiums, airports, shopping malls, cities, spa & wellness facilities, trade fairs and amusement parks provide secure and reliable access and entry control for people and vehicles. SKIDATA places great value in providing solutions that are intuitive, easy to use, and secure. The integrated concepts of SKIDATA solutions help clients optimize performance and maximize profits. SKIDATA Group (www.skidata.com) belongs to the publicly traded Swiss Kudelski Group (www.nagra.com), a leading provider of digital security solutions.

SP+ Selected as Park-Line Miami’s Parking Operator

March 16, 2020

SP+ Selected as Park-Line Miami’s Parking Operator

CHICAGO, March 16, 2020 — SP Plus Corporation(SP+), (Nasdaq: SP), a leading provider of technology-driven mobility solutions for aviation, commercial, hospitality and institutional clients throughout North America, has been selected as the parking management company to serve Park-Line Miami, the highly-anticipated, luxury residential community at Virgin MiamiCentral.

The parking facility includes four levels to accommodate more than 900 vehicles. SP+ will provide both valet parking and concierge services to residents and visitors at the front entrance.

“SP+’s parking expertise, focus on customer service and corporate culture were necessary attributes when choosing a partner for Miami’s most connected and innovative transit-oriented development, Park-Line Miami,” commented Najam Syed, Head of Asset Management at Virgin Trains USA.

The new technology SP+ brings to Park-Line Miami includes a smart parking reservation system designed to help valets manage capacity and easily locate vehicles to provide exceptional and timely service. The system is paired with a mobile app for residents to check-in and make reservations prior to retrieving their vehicles at the exclusive valet lounge.

“The SP+ team is excited to bring new technology and mobility options to the parking operations for this exciting development. We are dedicated to making sure that every resident receives impeccable service each and every time they drop off or retrieve their vehicle,” commented Chester Escobar, Vice President, South Florida and Puerto Rico for SP+.

SP+ facilitates the efficient movement of people, vehicles and personal belongings with the goal of enhancing the consumer experience while improving bottom line results for our clients. The Company provides professional parking management, ground transportation, remote baggage check-in and handling, facility maintenance, security, event logistics, and other technology-driven mobility solutions to aviation, commercial, hospitality, healthcare and government clients across North America. For more information, visit www.spplus.com.

EDC CORPORATION INTRODUCES e-TICKETING TO ITS AIMS PARKING MANAGEMENT SOLUTIONS SUITE

March 09, 2020

EDC CORPORATION INTRODUCES e-TICKETING TO ITS AIMS PARKING MANAGEMENT SOLUTIONS SUITE

New function allows parking enforcement officers to issue citations electronically from within the Parking Office in conjunction with AIMS LPR system; benefits include speedier and safer ticketing, increased fee collection, and better documentation of violations.

Syracuse, NY – EDC Corporation, the Syracuse, NY-based developer of the AIMS Parking Management suite of parking management solutions, announced today that it has introduced e-Ticketing functionality in conjunction with the company’s proven and popular LPR technology. E-ticketing enables parking staff to issue citations within the parking office, using the violator’s license plate as the primary credential. Benefits include enhanced safety for personnel, higher productivity, lower operational costs, faster collection of fees, and a more robust and automated documentation trail, which includes photographic, time-stamp and GPS ‘proof’ of the violation.

“Moving from physical to virtual ticketing is the next, logical step in the evolution of the parking industry,” said Ellen Genung, Vice President of EDC Corporation. “We’ve seen this same progression in other segments of the transportation industry, beginning with Red Light Cameras as early as 1993 – to the current rush in the U.S. to migrate from staffed, paper-ticket toll booths to LPR cameras and pay-by-plate tolls, after longstanding use of that technology in Europe.” According to Genung, e-Ticketing is likewise a logical enhancement to and investment in EDC’s suite of parking software modules.

EDC customer Derrick Davis, who is Director of Parking and Transportation for Georgia Southern University, has seen excellent results from the AIMS e-Ticketing software, which was rolled out to select customers as a beta this past fall.

“Building on our use of AIMS LPR and virtual permitting, we implemented the AIMS eTicket module in the fall of 2019,” said Davis. “We’ve been able to issue 54% more citations, are no longer spending a quarter of our time looking for vehicles to tag with a windshield envelope, and we’re providing violators with far more information with each citation. Even better, our web payments have increased around 10%, which saves hands-on processing time. And, if we cite an unregistered vehicle, the license plate RO Lookup has enabled us to collect over $26K of previously unpaid citations and link over half of the unregistered vehicles to students.” Davis adds his department has also seen a drop-off in parking ticket-related office traffic. “This has been a real game changer for our operation.”

HOW AIMS e-TICKETING WORKS

The AIMS system provides parking enforcement personnel with digital tools for virtual enforcement. LPR-equipped vehicles and Fixed LPR cameras continually patrol and monitor parking lots, garages and streets, tracking vehicles and easily triggering needed citations in real-time. On the backend of the system, office personnel review the LPR data and issue citations from the safety of their office via email or, if desired, through AIMS’ print-and-mail ticket management system.

BENEFITS OF AIMS e-TICKETING

Increased officer safety – The officer continues to work in the LPR vehicle, checking plates without having to exit and interact with disgruntled customers.
Increased efficiency and citation issuance rates – Mobile and fixed LPR cameras do the work in the field, enabling office staff to efficiently review hits and issue citations without the enforcement officer having to walk from vehicle to vehicle, across campus, or across city blocks.
Fixed cameras can capture violators without an LPR vehicle patrolling a lot or parking structure to physically place the citation on the windshield
Reduced costs in enforcement staff and parking violation stock
Increased accuracy as the office has more time to review data before completing the citation
More information can be sent with the citation than can be printed on a ticket. This information can include images from the LPR cameras and the GPS location of the ticket.
AIMS generates and delivers the ticket automatically

Those interested in learning more about the new AIMS e-Ticketing Module from EDC – and the broader AIMS Parking Solutions suite supporting the app — are encouraged to visit the company’s website and/or schedule a live demo.

ABOUT EDC CORPORATION

EDC Corporation is a leading provider of parking systems for municipalities, higher education, and other industry segments. For 25 years, our flagship software suite — AIMS Parking Management Software – has
been implemented, innovating, and hard at work at over 180 parking operations across North America. Proven, reliable, easy-to-use, fully integrated, scalable and fully supported by a customer-focused team of in-house software developers, seasoned field/sales professionals, and knowledgeable implementation experts

AIMS Parking Management Software supports: ticket management; permit management; mobile enforcement; LPR (license plate recognition); event management; and, new in 2019, a consumer-facing mobile payment app.

In acknowledgment of the significant challenges facing operators reliant on parking management systems that have fallen short of expectations, EDC also offers a proprietary LaneChange™, step-by-step process for migration to and implementation of its platform.

To learn more about AIMS Parking Management Solutions — or schedule a live demo for a parking management or facilities team — visit www.aimsparking.com. The company is also on LinkedIn and Twitter.

Hood River introduces Passport Parking for downtown area Drivers can easily pay to park from their smartphones

March 05, 2020

Hood River introduces Passport Parking for downtown area

Drivers can easily pay to park from their smartphones

Hood River, Ore. (March 5, 2020) — The City of Hood River announces the launch of the mobile app, Passport Parking, for downtown parking. With this digital upgrade, residents and visitors can now conveniently pay for parking through their smartphones.

Drivers can simply download the Passport Parking app from the App Store or Google Play, create an account with an email address or phone number and enter their license plate, zone number and duration of stay. If users want to park longer, they can extend sessions remotely from their smartphones. Parking can additionally be managed online at passportparking.com.

“This new pay-by-plate system is one strategy to manage downtown parking and make it easier and more convenient for users,” said Laura Garcia-Rangel, Hood River parking clerk. “Users will no longer have to feed meters or go to pay stations. Instead, they can pay from their smartphones.”

Passport Parking can be used in cities and universities across the state such as Washington Park, Oregon State University and anywhere Passport Parking signage is displayed. Passport also supports the Parking Kitty mobile app in Portland.

“Passport is dedicated to helping every city transform their mobility management,” said Sam Warnecke, sales executive at Passport. “Through our partnership with Hood River, we are able to help create more efficient operations for the city and positive experiences for drivers.”

About Passport:

Passport is transforming mobility management for cities, empowering them to create more livable and equitable communities. Passport enables clients to facilitate digital payments and control their curbsides through a mobility software platform. Trusted by 1,000 cities, universities and agencies, including Chicago, Toronto, London, Los Angeles, and Miami, Passport is one of the fastest-growing companies on the Inc. 5000 and Deloitte Technology Fast 500 lists. Passport is backed by Rho Capital Partners, H.I.G. Growth Partners, ThornTree Capital Partners, Bain Capital Ventures, Grotech Ventures, MK Capital, and Relevance Capital. For more information, visit passportinc.com.

Propark Mobility Announces Appointment of Tamer Shaban to Senior Vice President of Operations

March 05, 2020

Propark Mobility Announces Appointment of

Tamer Shaban to Senior Vice President of Operations

Hartford, Connecticut – Today, Propark Mobility announced that it has named Tamer Shaban Senior Vice President of Operations.

“For over twenty years, Tamer has embodied Propark’s commitment to impressive service and delivering exceptional results for our clients,” explained John Schmid, Propark Mobility’s Chief Executive Officer and Managing Partner. “He has grown with our company, starting out as a valet driver and working his way up through the management ranks of the company. As we celebrate Tamer’s twenty years with the company, I want to express my gratitude for everything he has done.”

Tamer began his career in February 2000 as a valet driver and quickly ascended to Account Manager for the University of Connecticut parking system. Through his dedication and hard work, Shaban became Area Manager for the Western Massachusetts Region, prior to his position as Regional Manager for the Boston, Massachusetts and Rhode Island Region. Most recently, Tamer served as Regional Vice President for Propark Mobility.

“Tamer Shaban personifies the Propark organic success story in every way imaginable,” said John Reimers, Chief Operating Officer of Propark Mobility. “He has shown that if you work hard enough, if you deliver results, if you show up every day with the goal of providing clients and guests with the Perfect Parking Moment, that career advancement is likely. We’ve seen this with many other team members, but Tamer exemplifies the internal growth opportunities at Propark like nobody else.”

In Tamer’s current role, he is responsible for new business development and facility management oversight within the New Haven and Hartford, Connecticut markets, as well as the Western Massachusetts Region. His specialties include valet services and shuttle operations that serve hospitality and residential properties, as well as hospital and healthcare facilities, with a focus on premium service delivery for guests and asset appreciation enhancement for clients.

About Propark Mobility

Propark Mobility is one of the country’s largest privately-owned parking companies, providing full-service parking and mobility services for over 500 hospitality, healthcare, commercial and off-airport locations, in over 75 cities across the United States. For more information, please visit www.propark.com.

APPYWAY APPOINTS CHIEF COMMERCIAL OFFICER AS THE COMPANY CONTINUES TO CEMENT ITS POSITION AS A LEADER IN INTELLIGENT MOBILITY

March 04, 2020

APPYWAY APPOINTS CHIEF COMMERCIAL OFFICER AS THE COMPANY CONTINUES TO CEMENT ITS POSITION AS A LEADER IN INTELLIGENT MOBILITY

LONDON, UK : AppyWay, the kerbside management and mobility technology firm, has today announced the promotion of parking heavyweight Rob Stait to Chief Commercial Officer as the company continues to position itself as a leading open data, smart city kerbside management platform. The appointment to CCO will aid the company in its mission to turn the static kerb into an accessible digital asset ready for intelligent transport.

He brings to the role a wealth of experience, including from his previous position at Capita where, as Sales and Marketing Director of Glyde Parking & Traffic Solutions, he delivered extraordinary growth for its parking businesses. He was also part of the Executive team tasked with delivering the sale of Capita Parking Services into private ownership.

The promotion bolsters AppyWay Founder & CEO, Dan Hubert’s Executive team. “I’m very excited and honoured to have Rob Stait take up the position of Chief Commercial Officer. Rob believes in our mission to “Help cities thrive, from the kerb up” and in the short time Rob has been with us he has had a very positive impact on developing our sales function. His extensive experience in the parking and transportation industries combined with his ability to strategically build valuable client relationships, brings an exciting blend of skills to AppyWay as we continue to embed our technology both locally and internationally.” says Dan.

Rob commented on his appointment to CCO, “I am excited to be part of such a cutting-edge company that consistently delivers innovative solutions that benefit towns and cities and the people who live in them. The AppyWay Smart City Parking initiative in Harrogate for example has had a hugely positive impact on the town and I look forward to continuing the delivery of these world-leading, end-to-end connected mobility solutions to our local authority and private sector partners.”

America’s #1 Beach Brings Flowbird Parking System to Shore

March 04, 2020

America’s #1 Beach Brings Flowbird Parking System to Shore

Easy-to-use touch screen kiosks are being deployed across Clearwater Beach

Moorestown, NJ – The City of Clearwater Beach has entered into its last phase of Pay-by-Plate parking kiosk installation, replacing its Pay-and-Display system with Flowbird’s smart CWT kiosks. The final stage of roll-out will complete the transition to 78 new solar-powered, touch-screen parking kiosks, using license plate technology to provide visitors and beach-goers with a user-friendly parking experience.

Clearwater Beach, known for its crystal-clear water and powder-white sand, draws thousands of new visitors each month. Vehicles loaded with beach toys, sunscreen and water wings drive in to experience what is named by TripAdvisor as the #1 beach in the nation, and they stay for evenings spent shopping and dining downtown.

As a thriving city with an ever-increasing visitor base, the question of parking availability became urgent last year. In October of 2019, the Clearwater City Council approved a technological upgrade by investing in the Flowbird Pay-by-Plate parking kiosks, along with a new parking enforcement solution provided by United Public Safety and license plate recognition software hosted by Vigilant Solutions. The transition would not only make it easier to manage parking throughout the busy beach-goer season, but bring flexibility to drivers parking in Clearwater Beach.

Unlike the City’s Pay-and-Display system of paying at a meter and walking to the car to place a receipt on the dashboard, drivers will now enter their license plate numbers into new smart kiosks and complete their transaction. The new Flowbird touchscreen Pay-by-Plate system accepts payment in coin, credit or debit card, and also allows drivers to pay for parking via mobile app, giving them the option to extend their parking session right from their phone without having to run back to the pay station.

“Our goal is to provide our residents and visitors with an enjoyable time in downtown Clearwater and Clearwater Beach, so we want to make parking as easy as possible so patrons can go about enjoying their day,” said City Parking Manager, Steve Reiter.

Flowbird’s Pay-by-Plate kiosks have already been installed in parking garages and off-street lots throughout the Clearwater Beach area. Using Vigilant’s License Plate Recognition (LPR) software, cameras register a license plate into the system when a driver comes to park in a garage or lot. Traffic personnel monitor the lots and can ensure drivers have paid for their parking.

“License plate recognition helps to increase efficiency of garage and lot operations and improves parking enforcement,” said City Engineering Director Scott Rice, “We also use equipment to sense parking space usage, which allows for directing motorists to available parking.”

With the new kiosks wirelessly communicating to Flowbird’s analytics platform, the City will not only be able to analyze parking activity trends, but it will also be able to streamline operations. This leads to high uptime and gives parkers a system it can trust.

According Flowbird’s national support director, Jeff Nethery, this is a natural fit for the City of Clearwater and the Flowbird team. “We are very proud and honored to be selected and trusted as Clearwater’s technology partner in parking,” said Nethery. “Our national support program and meter production and distribution center is based here in Clearwater, and many of our staff live in or near Pinellas County. We are excited to showcase our latest payment technologies and integrations and we look forward to providing outstanding support services to the City of Clearwater and Clearwater Beach communities.”

The final phase of parking kiosk installation will focus on the on-street parking locations, including the well-known ‘Mandalay Avenue,’ the coastal road that leads to the areas top restaurants and venues.

Currently, Flowbird supports over 40,000 parking pay stations for over 600 customers throughout the U.S. In addition to Clearwater, Flowbird systems can be found in many cities along Florida’s Gulf Coast including Treasure Island, Madeira Beach, Sarasota, and St. Pete Beach.

www.flowbird.group

TIBA Parking to be Installed in 20 Lanes at Tulsa Airport

December 11, 2019

TIBA Parking to be Installed in 20 Lanes at Tulsa Airport

Tulsa, OK – TIBA Parking, in partnership with Associated Time Instruments, its’ Value-Added-Reseller (VAR), is launching the Engaged Parking Experience with the Tulsa Airport Improvement Trust in Tulsa, Oklahoma. The installation includes four facilities containing the main garage, the economy lot, and two employee lots.

“Associated Time has had a long history of servicing and supporting the Tulsa International Airport and we are excited to be able to be a part of their future as well with the installation of the state of the art TIBA Parking Systems solution,” stated Christopher Archer, President of Associated Time Instruments. “We are confident that our solution, along with our partnership with LAZ Parking on this project, will provide the ultimate Engaged Parking Experience for all airport patrons.”

The project totals 20 lanes and involves the following solutions.

• Cashiered lanes
• Credit Card only Pay-in-Lane
• AVI to accommodate the Frequent Flier Program
• Integrating ingress/egress of the Airport Shuttles through TIBA

“The Engaged Parking Experience is pivotal for the Tulsa Airport,” said Jon Bowsher, President of TIBA North and South America. “By incorporating the Frequent Flier Program and Airport Shuttles into the PARCS solution, we are giving each patron the best possible experience. The local service of Associated Time in conjunction with the international and extensive experience of TIBA, provides a world-class support system for the Tulsa International Airport.”

Installation begins at the Tulsa Airport in December 2019.

About TIBA Parking: TIBA Parking Systems provides innovative hardware and software solutions for the parking market. Based on the latest generation of processors, cloud-based services and physical/wireless credential technologies, TIBA products are reliable, user-friendly and simple to install and maintain. TIBA Parking Systems continuously improves and develops its’ products with the aim of lowering the price of initial acquisition and the cost of ongoing maintenance. TIBA has successfully implemented this through a focus on quality development, while continuing to listen closely to customer requirements and requests. This allows owners and operators to keep the capital investment down while still enjoying all the latest functionality. With extensive global experience, TIBA’s robust, scalable cloud architecture enables parking operators to keep pace with the latest trends in centralized operations, automated smart facilities, ticketless and frictionless parking, web reservations, and mobile payments. TIBA’s flexible systems facilitate IoT-connectivity and leverage big data to increase revenue. TIBA’s agile integrations with third party systems empower parking operators to be an integral part of the growing smart cities ecosystem.

For over 30 years, TIBA serves parking operators and owners globally, both directly and through its extensive network of Value Added Resellers across diverse industries such as hotels & hospitality, airports, universities, shopping centers, hospitals & medical centers, and local, state & federal governments. For more information about TIBA Parking Systems, visit www.tibaparking.com.

About Associated Time: Associated Time Instruments is a leading supplier of Workforce Management Systems, Parking and Revenue Control Equipment, and Access Control Systems. Our company is a leader in all of our markets, we distinguish ourselves by providing superior products, expert consulting and engineering, quality installations, comprehensive support, and professional services. Associated Time Instruments provides both standard software products and custom software solutions, we have consistently provided modern and effective solutions to our customers during the past 60 years.

City of Santa Cruz Selects TIBA Parking Systems to Create an Engaged Parking Experience to Manage Four City Owned Parking Facilities

October 18, 2019

City of Santa Cruz Selects TIBA Parking Systems to Create an Engaged Parking Experience to Manage Four City Owned Parking Facilities

Agreement also includes multi-year contract for support and service

Santa Cruz, CA (October 18, 2019) – TIBA Parking Systems has been selected by the City of Santa Cruz, California to be their long-term parking technology partner. Through this partnership, TIBA will create and install a comprehensive parking technology suite to manage four city-owned public parking facilities with a total of 17 lanes and 1,675 spaces. The agreement also calls for TIBA to provide support and servicing of the equipment through 2026.

“We are very proud that the City of Santa Cruz has chosen TIBA Parking Systems as their partner to provide innovative software solutions for the next seven years,” said Jon Bowsher, President of TIBA North & South America. “Through this partnership the City will now boast the most advanced, user-friendly parking technology in the world, and drivers will enjoy a significantly improved engaged parking experience.”

TIBA Parking, one of the leading providers of parking access and revenue control systems in the U.S., will install state-of-the-art parking equipment, including parking access control equipment and a level count package for the city operated garages. TIBA’s SmarkPark access control software will provide the flexibility for the monthly permit parkers to set up and update their own accounts via the web. The new equipment will be installed in Santa Cruz’ Soquel Garage, River & Front Garage, Locust Garage, and Santa Cruz Wharf Lot.

The spectrum of services TIBA Parking Systems will provide Santa Cruz includes:

• Multi-year contract for the city facilities, including support and maintenance
• A scalable solution that can be easily expanded to meet future technologies
• Long Range Maxi-Prox readers installed at each facility
• Integration with the City parking facilities’ one-to-one platform for better management control and auditing
• Level Count System offering accurate space availability for each facility

About TIBA Parking Systems: TIBA Parking Systems provides innovative hardware and software solutions for the parking market. Based on the latest generation of processors, cloud-based services and physical/wireless credential technologies, TIBA products are reliable, user-friendly and simple to install and maintain. TIBA Parking Systems continuously improves and develops its’ products with the aim of lowering the price of initial acquisition and the cost of ongoing maintenance. TIBA has successfully implemented this through a focus on quality development, while continuing to listen closely to customer requirements and requests. This allows owners and operators to keep the capital investment down while still enjoying all the latest functionality. With extensive global experience, TIBA’s robust, scalable cloud architecture enables parking operators to keep pace with the latest trends in centralized operations, automated smart facilities, ticketless and frictionless parking, web reservations, and mobile payments. TIBA’s flexible systems facilitate IoT-connectivity and leverage big data to increase revenue. TIBA’s agile integrations with third party systems empower parking operators to be an integral part of the growing smart cities ecosystem.

Strong Growth Opportunities Expected for Off-Street Parking Management System Market with Rising Smart Cities

October 18, 2019

Strong Growth Opportunities Expected for Off-Street Parking Management System Market with Rising Smart Cities

According to recently published study, the global off-street parking management system market is anticipated to grow by ~ 10% year on year in 2019.

In the recent past, there has been an increase in overall infrastructure development activities across the globe. This includes major development of parking garages and lots for locations and businesses such as shopping malls, community centers, sports complexes, and others in urban areas – leading to increasing demand for off-street parking management systems. The development of smart cities is also expected to boost the demand for off-street parking management systems in the near future.

As per the report, consumers are inclined towards off-street parking management systems that offer a wide array of payment options, coupled with ease of payment. A shift in payment options from cash to e-Payment is being witnessed among consumers across various countries. Furthermore, the increasing trend of real-time communication, owing to increased smartphone usage, is anticipated to increase the demand for flexible payment solutions among consumers. Subsequently, the availability of multi payment options in the off-street parking management system will remain instrumental to the market growth.

Urban Revitalization to Boost Off-Street Parking Management System Market Growth

Parking plays an essential role in mobility, access, and the economic development of cities. At the same time, it is a profitable business for private as well as public sectors. Rapid increase in the number of vehicles and new construction in urban centers is boosting the demand for off-street parking management systems. The increasing number of theatres, office buildings, stadiums, and shopping centers in the region are driving the need for off-street parking management solutions.

Absolute and relative cost of parking (hourly, daily, and monthly) has been impacting the demand for off-street parking management systems. Urbanization is a key factor that depicts the economic condition of a nation, hence it is gaining importance widely. Also, urbanization has led to changing consumer lifestyle, which is propelling the demand for off-street parking management solutions.

As per the research study, the off-street parking management system market is poised to create an incremental opportunity of ~ US$ 6,708 Mn throughout the forecast period. Market stakeholders are continuously investing in the development of better off-street parking management systems, catering to the demand for better revenue management, access, and control of parking facilities across the globe.

Increased Opportunity for Off-Street Parking Management System Market in Healthcare Sector

Many companies are focusing on partnering with healthcare organizations across different regions. Through this strategy, the companies seek to improve its processes and parking service offerings. Furthermore, due to high growth in the smart healthcare infrastructure, the company focuses on expanding its customer base in the healthcare sector.

For instance, in January 2018, LAZ Parking Company partnered with Yale New Haven Hospital to provide parking services. This contract includes several garages and lots totaling 3,000 spaces as well as seven door valet operations that can accommodate nearly 30,000 cars per month.

Tier-1 Players in the Market to Account for 20% Revenue Share

A study opines that the global off-street parking management system market is considered fragmented owing to the presence of a large number of off-street parking management system solution providers. The report has segregated the market structure into three tiers: Tier 1, Tier 2, and Tier 3 for deep-down analysis.

Tier-1 vendors, are the most experienced and largest in the industry and have a vast regional coverage across the globe. These vendors are collaborating and partnering with new players in the market to expand their distribution channel. Tier-3 off-street parking management system providers are fairly new in the market and are mostly local and regional players. As Tier-3 players have a limited presence in the market, they constantly keep themselves updated with the latest technology and are growing at a rapid pace.

This study highlights key opportunities in the off-street parking management system market and finds that the market will grow at a CAGR of ~ 10.5% over the forecast period.

These insights are based on a report on Off-Street Parking Management System Market by Persistence Market Research.

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