Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Parking Management Market” is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.
According to Verified Market Research, the global parking management market was valued at USD 3.12 Billion in 2018 and is projected to reach USD 5.95 Billion by 2026, growing at a CAGR of 8.35% from 2019 to 2026.
Parking Management refers to managing and using the resources available for parking vehicles effectively and efficiently. Due to urbanization, development of infrastructure in metro cities, tier 2, tier 3 and towns, the parking of the vehicles became difficult. Also, the space available for parking the vehicles isn’t accommodating a large number of vehicles as there is an increase in the number of vehicle users. Parking Management provides extra space to accommodate the extra vehicles with a smart parking system, mechanical parking, using the regulations, policies, and programs.
Parking Management plays an important role in revitalizing the parking solutions in urbanized areas. It makes parking sites more feasible when the site is very small and the number of vehicles is large as compared to the area. The rapid increase in the number of vehicles around the world drives the global parking management market to grow in the coming future. Off-site parking market has the opportunity to grow rapidly as the on-site parking can’t accommodate a large number of vehicles.
IoTs accelerating the cloud platforms in the parking management which are also termed as smart parking reducing the hassle of the manual parking system. Cloud parking management is achieving rapid growth due to IoTs and quality networks. However, there would be chances of data breaches that could be the major restraining factor in cloud parking management.
The key players are as follows:
Amano Corporation, Chetu, Conduent Inc., Flowbird Group, Indigo Park Services, Q-Free ASA, SKIDATA AG, Streetline, SWARCO, and T2 Systems.
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Key players of the global Parking Management market are profiled on the basis of various factors, which include recent developments, business strategies, financial strength, weaknesses, and main business. The Parking Management report offers a special assessment of top strategic moves of leading players such as merger and acquisition, collaboration, new product launch, and partnership.
Global Parking Management Market, By Type
Global Parking Management Market, By Parking Site
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Regional Segments Analysis:
The Middle East and Africa (GCC Countries and Egypt.)
North America (the United States, Mexico, and Canada.)
South America (Brazil etc.)
Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia.)
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Highlights of TOC:
Market Overview: It starts with product overview and scope of the global Parking Management market and later gives consumption and production growth rate comparisons by application and product respectively. It also includes a glimpse of the regional study and Parking Management market size analysis for the review period.
Company Profiles: Each company profiled in the report is assessed for its market growth keeping in view vital factors such as price; Parking Management market gross margin, revenue, production, markets served, main business, product specifications, applications, and introduction, areas served, and production sites.
Manufacturing Cost Analysis: It includes industrial chain analysis, manufacturing process analysis, the proportion of manufacturing cost structure, and the analysis of key raw materials.
Market Dynamics: Readers are provided with a comprehensive analysis of Parking Management market challenges, influence factors, drivers, opportunities, and trends.
Market Forecast: Here, the Parking Management report provides consumption forecast by application, price, revenue, and production forecast by product, consumption forecast by region, production forecast by region, and production and revenue forecast.
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