Parking Management Systems Market 2018 |Campines are Skyline Parking AG, Siemens AG, T2 Systems, IBM Corporation, Swarco Corporation, Kapsch TrafficCom, Skidata, Passport Inc., SAP

The global Parking Management Systems market generated $4,520 million in 2017 and is anticipated to grow at a CAGR of 9.1% during the forecast period.

Parking management systems are smart solutions that provide information about available parking spaces in specific areas by real-time tracking of vehicles. Parking management systems use a combination of sensors, real-time data collection, and mobile-phone-enabled automated payment systems to enable parking reservation and management.

Request for sample copy of this report @ http://bit.ly/2OFCmen

Use of parking management systems guides visitors to available parking, while optimizing parking space usage, and simplifying the parking experience. Parking management systems also assist in decreasing car emissions by providing efficient parking services.

There has been a significant increase in the demand for parking management systems owing to increasing need for road safety, streamlining traffic flow, and growing demand for luxury vehicles from emerging economies. Moreover, the growing need to improve road safety, reduce fuel consumption, and enhance the parking experience for users drive the parking management systems market during the forecast period.

The growth in sale of motor vehicles, and adoption of technologies such as IoT and cloud computing have increased the implementation of parking management systems. Rising adoption of smart cities, increasing development of autonomous vehicles, growing demand from emerging economies, and technological advancements are factors expected to provide numerous growth opportunities in the coming years.

Make an inquiry for purchasing this report @ http://bit.ly/2OE567t

The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Parking Management Systems Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, Asia-Pacific, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.

North America generated the highest revenue in the parking management systems market in 2017 owing to increasing modernization of vehicles, development of autonomous vehicles, and strict government regulations in the region.

Competitive Landscape and Key Vendors

The global Parking Management Systems market is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater to the growing needs of the customers.

Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.

The leading companies in the market include Skyline Parking AG, Siemens AG, T2 Systems, IBM Corporation, Swarco Corporation, Kapsch TrafficCom, Skidata, Passport Inc., SAP, and Indigo Park Services.

Browse Complete Summary of this report @ http://bit.ly/2OCNs3M

Key Segments
Component
• Hardware
• Software
• Services

Deployment
• On-Premise
• Cloud

Parking Site
• Off Street Parking
• On Street Parking

Solution
• Parking Reservation
• Parking Guidance
• Parking Analytics
• Access Control
• Revenue Management
• Security and Surveillance
• Others

Region
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Italy
o Rest of Europe
• Asia-Pacific
o China
o India
o Japan
o Rest of Asia-Pacific
• Latin America
o Brazil
o Rest of Latin America
• Middle East and Africa

About us Polaris Market Research

Polaris Market Research is a global market research and consulting company. We provide unmatched quality of offerings to our clients present globally. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities.

Contact us-
Mr. Neel
Corporate Sales, USA
Polaris Market Research
Phone: 1-646-568-9980
Email: sales@polarismarketresearch.com
Web: www.polarismarketresearch.com

This release was published on openPR.