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Parking Management Services in South Africa, 2018 - New Technologies are Rapidly Changing the Landscape - ResearchAndMarkets.com

December 6, 2018
The “Parking Management Services in South Africa 2018” report has been added to ResearchAndMarkets.com’s offering.This report focuses on the parking management services sector in South Africa. It covers car park operation, operation of parking lots and garages, parking building operation, and parking lot operation.It includes comprehensive profiles of 12 companies including major players Servest and Interpark, as well as parking management services companies Karabo and Afripark, and P and S Iheanacho Trading, which trades as Safe Car, and offers airport parking services and management at OR Tambo Airport.The parking management solutions market is growing as traffic congestion intensifies. New technologies are rapidly changing the parking management landscape with new participants in the sector facilitating smart parking aided by real-time parking information and technology.The segment of the market that provides advisory services, revenue collection and management of parking operations is highly concentrated and dominated by Interpark and Servest, with five local companies holding 97% market share.The parking systems segment including monitoring, automated revenue systems and smart solutions for parking areas is fragmented with smaller players holding 34% market share and a number of international companies participating.Access control, parking reservation applications, cellular connectivity and analytics are some of the technologies having a profound effect on this sector. Telematics is enhancing the efficiency of parking management in urban areas with features including real-time monitoring of volumes and forecasting of available space.Biometrics, ID management and licence plate recognition-based automatic vehicle identification are some techniques used in access control for parking management. Ticketless and cashless apps, smart parking apps and other technologies are improving efficiencies, reducing traffic congestion and enhancing security.

Key Topics Covered

1. Introduction

2. Description of the Industry

3. Size of the Industry

4. State of the Industry

5. Influencing Factors

6. Competition

7. SWOT Analysis

8. Outlook

9. Industry Associations

Companies ProfiledAce Parking Services (Pty) LtdAfripark Parking Management Services (Pty) LtdAfriServ (Pty) LtdFederal Parking Services (Pty) LtdFidelity Security Group (Pty) LtdInstatrans (Pty) LtdInterpark (South Africa) (Pty) LtdKarabo Parking Management (Pty) LtdKatanga Parking Services (Pty) LtdP and S Iheanacho Trading (Pty) LtdParkpoint (Pty) LtdServest Facilities Services (Pty) Ltd

For more information about this report visit https://www.researchandmarkets.com/research/ghhbp6/parking?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20181206005307/en/

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Related Topics:Automotive

KEYWORD: SOUTH AFRICA AFRICA

INDUSTRY KEYWORD: AUTOMOTIVE OTHER AUTOMOTIVE

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 12/06/2018 04:53 AM/DISC: 12/06/2018 04:53 AM

http://www.businesswire.com/news/home/20181206005307/en

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