Parking Management Market Research, Global Industry Top Key Players (3M Company, Amano Corporation, Cubic Corporation, Data Innovations, Inc., and IBM Corporation)

The Global Parking Management market is accounted for $3.11 billion in 2016 and is expected to reach $6.91 billion by 2023 growing at a CAGR of 12.1%. Rapid increase in production of vehicles had created concern regarding parking, moreover, in addition to that concern for security, connectivity and safety. Overcrowding of vehicles leading to air & noise pollution and advancement in real-time information regarding parking are the factors energizing the market. However, integration of parking system in society and cost sensitiveness depending on the parking sites are the factors restraining the market.

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Some of the key players in this market include:
3M Company, Amano Corporation, Cubic Corporation, Data Innovations, Inc., IBM Corporation, Indigo, Inrix, Inc., Integrapark, LLC, Kapsch TrafficCom, Siemens AG, Skidata AG, Swarco Corporation, T2 Systems, TCS International Inc, and Xerox Corporation.

Corporate and Commercial Parks segment among verticals is accounted for major share in market attributing to demand for efficient parking facilities in order to develop safe and clean facilities across cities. Parking Fee and Revenue Management segment is expected to be the dominant solution in market owing to its application in maximizing the profit by optimizing the space and business demand. North American market is accounted for the largest market share on account of rise in number of vehicles in American market. Moreover, Asia-Pacific market is expected to gain traction due to rising municipalities in developing economies.

Components Covered:
Professional Services
Software
Hardware

Solutions Covered:
Access Control
Parking Fee Enforcement and Permit Management
Parking Reservation Management
Parking Fee and Revenue Management
Parking Guidance and Slot Management
Security and Surveillance
Valet Parking Management

Parking Site Types Covered:
Off-Street Parking
On-Street Parking

Verticals Covered:
Academia
Banking, Financial Services, and Insurance
Corporate and Commercial Parks
Government and Municipalities
Healthcare
Hospitality
Recreation
Retail
Transportation
Other Verticals

Regions Covered:
North America
Europe
Asia Pacific
South America
Middle East & Africa

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Table of Content

1 Executive Summary  

2 Preface   

3 Market Trend Analysis 

4 Porters Five Force Analysis  

5 Global Parking Management Market, By Component

6 Global Parking Management Market, By Solution

7 Global Parking Management Market, By Parking Site Type

8 Global Parking Management Market, By Vertical

9 Global Parking Management Market, By Geography

10 Key Developments  

11 Leading Companies   

 11.1 3M Company   

 11.2 Amano Corporation  

 11.3 Cubic Corporation   

 11.4 Data Innovations, Inc.

 11.5 IBM Corporation   

 11.6 Indigo      

 11.7 Inrix, Inc.    

 11.8 Integrapark, LLC 

 11.9 Kapsch TrafficCom   

 11.10 Siemens AG   

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