The global parking management market size reached USD 3.77 Billion in 2020 and is expected to register a CAGR of 8.1%, during the forecast period, according to latest analysis by Emergen Research. Increasing need for more effective use of parking areas is expected to drive global parking management market revenue growth during the forecast period. In addition, rising number of vehicles globally is expected to propel growth of the global parking management market revenue going ahead. Furthermore, increasing adoption of Artificial Intelligence (AI) based services is expected to boost global parking management market growth.
Besides analyzing the existing competitive landscape of the global Parking Management industry, the report lays stress on the profiles of the leading companies and their expansion strategies. The report further offers an extensive overview of the market, along with an in-depth summary of the leading players and conclusive data, offering accurate insights into the foreseen market growth on both the regional and global scales.
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Some Key Highlights From the Report
- Increasing demand for revenue management solutions is expected to drive revenue growth of the global parking management market to a significant extent during the forecast period.
- The on-premises segment is expected to account for higher revenue share over the forecast period due to rising deployment of on-premises parking management solutions by end-users.
- Increasing use of mobile applications, better payment and checking tickets solutions for parking assistance is expected to drive revenue growth of the off-street segment, which is expected to lead in terms of revenue contribution to the global parking management market during the forecast period.
- Key players in the market include Amano Corporation, Siemens AG, Conduent Inc., T2 Systems, Inc., APCOA Parking AG, IPS Group, Inc., FlashParking, Inc., Q-Free ASA, ParkMobile USA, Inc., and Cleverciti Systems GmbH
Parking Management Market Segmentation:
Emergen Research has segmented the global parking management market on the basis of offering, services, solutions, deployment, parking site, end-use, and region:
- Offering Outlook (Revenue, USD Billion; 2018–2028)
- Services
- Solutions
- Service Outlook (Revenue, USD Billion; 2018–2028)
- Support & Maintenance
- System Integration
- Consulting
- Solution Outlook (Revenue, USD Billion; 2018–2028)
- Security & Surveillance
- Valet Parking
- Parking Reservation
- Revenue Management
- Access Control
- Others
- Deployment Outlook (Revenue, USD Billion; 2018–2028)
- Cloud
- On-premises
- Parking Site Outlook (Revenue, USD Billion; 2018–2028)
- Off-street
- On-street
- End-use Outlook (Revenue, USD Billion; 2018–2028)
- Commercial
- Transportation
- Government
Regional Bifurcation includes:
- North America(U.S., Canada)
- Europe(U.K., Italy, Germany, France, Rest of EU)
- AsiaPacific(India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America(Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa(Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Key questions addressed:
- What are the estimated CAGR for the global Parking Management market and each segment in the global market?
- Which market segments and sub-segments have been covered in this report? Which of these segments is foreseen to exhibit the highest growth rate over the projected period? What are the most prominent industry aspects likely to impact the market values and shares of the regions viz., North America, Europe, Asia Pacific, Latin America, and Middle East &Asia? What do the SWOT analysis and Porter’s five forces entailed in the report signify with respect to the future position of the market?
- Which are the leading companies operating in the global Parking Management market? What are their strengths and weaknesses?
- What are the most common market expansion strategies applied by the key market competitors to reinforce their market positions?
Table of Content:
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2024–2028
Chapter 3. Key Insights
Chapter 4. Parking Management Market Segmentation & Impact Analysis
4.1. Parking Management Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Increasing need for most effective use of parking areas
4.2.2.2. Increasing smart city project around the world
4.2.2.3. Rising number of vehicles globally
4.2.2.4. Increasing demand for solutions to protect vehicle from theft
4.2.3. Market restraints analysis
4.2.3.1. Difficulties of system integration
4.2.3.2. High costs of deployment
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
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