Press release
Parking Reservation System Market Explores Substantial Growth by 2023
Furthermore, the smart parking technology has increased productivity reduced operating costs, added facility value and more. There are numerous drivers, restraints and opportunities shaping the future of parking reservation system. The growing demand for real time car parking data, new smart city projects and rising number of cars are few of the many factors contributing to the growth of the market.
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Besides this, the several new smart city projects in the pipeline would create greater opportunities for the parking reservation management in years to come. Moreover, North America market is likely to project greater opportunities for the car parking management systems as well as solutions. Installation of these systems is still a costly affair for many small enterprises and acts as a major obstacle.
Brands are now partnering with technology companies such as SAP, Oracle etc.to provide planners a 360 degree view of the information including traffic controls, street lightings and more. Companies are seen appointing new managers to streamline their strategic business developments, operations and others. Acquisition and mergers, collaboration & research and development measures have kept the future of the market bright.
Prominent market players consist of TCS International Inc, Complus Data Innovations, Inc., Energy Development Corporation, Group Techna, Inc., Siemens AG, Passport Parking, 3M Company, Amano Corporation, LLC, Affiliated Computer Services, HCL Technologies Ltd., and others.
KEY SEGMENTS:
Parking Reservation System Market By Device
•Meters
•Automated Gates
•DVRs and Surveillance Cameras
•Ultrasound Occupancy Sensors
•Others
Parking Reservation System Market By Solution
•Valet Parking Management Solution
•Surveillance & Security
•Revenue Management
•Slot management
•Access Control
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Parking Reservation System Market By Software
•Payment Software
•Information System
Parking Reservation System Market By Service
•Customization & Deployment Model
•Support & Maintenance Services
Parking Reservation System Market By Industry
•Education
•Government Bodies
•Healthcare
•Commercial Parks
•Retail
•Transportation
•Others
Parking Reservation System Market By Geography
•North America
•Europe
•Asia Pacific
•Middle East & Africa
•Latin America
KEY BENEFITS FOR STAKEHOLDERS
•By applying advanced analytics the study highlights the key market drivers, restraints and opportunities that are influencing the growth rate worldwide.
•Primary and secondary research techniques are used to examine the competition level and customer preference across different regions.
•SWOT analysis of the key market players brings out the strengths, weaknesses, opportunities and threats, and explores how brands manage to stay competitive.
•Exploratory function of the research digs deep into the technologic advancements backed by impact analysis.
•The market research report further offers clarity in the growth and adoption rate of the market.
•Up-to-date assessment of the market news and policy is also discussed in the market research report.
•The upstream and downstream market is thoroughly evaluated in the study.
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About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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