Global Parking Management Solution Market Expected to Grow at a CAGR of 9.3% till 2025

Market Research Reports Search Engine (MRRSE) has been acting as an impressive data source when it comes to evaluating various industrial verticals. The research report titled “Parking Management Solution Market” offers a clear insight about the Parking Management Solution assessed over the global platform. This analysis proves beneficial for readers & new investors who are aiming to enter the market for Parking Management Solution in the near future.

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Parking management solution is basically an integration of various components such as LED light indicators, solar panel/battery, monochrome displays, sensors, automated payment systems, RFID tags and centralized data management which offer the people an ease to spot parking spaces at desired locations. The research report initially talks about the market overview, which includes numerous facets such as drivers, restraints, opportunities. Further, this section also covers a forecast analysis that covers market revenue projections and Porter’s Five Force Analysis during the period 2017-2025. It is further highlighted, the parking management solution market is likely to advance at a CAGR of 9.3% during the forecast period.

In the next section, the market segmentation is presented to enlighten the readers about the parking management solution market. On the basis of type, the market includes parking meters (single-space parking meter) and parking kiosks (multi-space parking meter). Further, focusing on the geographical aspect, the global market is divided into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America; each of which is analyzed on the basis of revenue and volume generation. 

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The following section encloses data about the competitive profiling of major players engaged in providing parking management solutions. Also, major business strategies adopted, along with their market share, and recent developments are also included in this research report. The most active players from the parking management solution market include Parkeon S.A.S., Parking BOXX, Worldwide Parking, Inc., POM Inc., IPS Group, Inc., and Ventek. To summarize, the research report is an informative collection of data which works to motivate investors to learn about the different features of the parking management solution market.

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