Global Parking Management System Market to Witness a Pronounce Growth During 2023

New report published by Market Research Report Store (MRRS) which offers insights on the global Parking Management System market.

Parking management system is a kind of software which is installed in the computer to control the parking management system hardware to manage the parking and help the related people to solve parking problem. The parking management system software has different kinds functions like charging, relieve traffic pressure, smart parking and so on, with the development of the software and the high traffic pressure, the parking management system software will have more functions.

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Global Parking Management System Market: Forecast by Type / Application / Region

First of all, the parking management system is used to charging for parking, with the demand and technology development, the parking management system’s function is becoming more and more complicated, some parking management system has the function of guidance and even some parking management system can help the city to decrease the traffic pressure.

With the development of the world and China’s economic growth, the car ownership is becoming more and more big, so the demand of parking lot is becoming more and more serious, the traffic pressure also need the parking management system to lighten the traffic pressure, from our report, the increase rate is about 10%, China’s growth is a little higher than 10%, the developed countries is little than 10% due to their relative completed system.

The price of the parking management system has a great range due to the different function, so the client can customize the product according to their own requirements, the parking management system’s gross margin is relative high, the developed countries product’s gross margin is about 50%, the China’s gross margin is high than 50%; there are not import and export.

As large demand of high-end products at home and abroad, many companies began to enter the field of this industry. Currently, the Chinese parking management system industry is not only begin to transit to high-end parking management system products, while still extend in the resource-rich land and downstream industry chain.

Although sales of parking management system brought a lot of opportunities, the study group recommends the new entrants just having money but without technical advantage and downstream support should not enter to the parking management system field and the future function is becoming more and more complicated.

Over the next five years, LPI(LP Information) projects that Parking Management System will register a 7.8% CAGR in terms of revenue, reach US$ 650 million by 2023, from US$ 410 million in 2017.

Global Parking Management System Market: Key Players
3M
Kapsch
Swarco
Siemens
Amano
Q-Free
Thales
Tyco
Xerox
Cubic
Integrapark
Imtech
EDC
Jieshun
Fujica
Dashou
KEYTOP
Shenchuang
Carsafe
OPEN

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Related Information:
United States Parking Management System Market Research Report 2018
Europe Parking Management System Market Research Report 2018
North America Parking Management System Market Research Report 2018
Asia-Pacific Parking Management System Market Research Report 2018
China Parking Management System Market Research Report 2018
EMEA Parking Management System Market Research Report 2018
Global Parking Management System Market Research Report 2018

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