Global Off-Street Parking Management System Market to display a CAGR of 8.9% during the forecast period 2018-2025 to reach nearly US$ 6,550 Mn by 2025 end

Press Release – 04 Jan 2019
Research and Development News --
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Latest Update "Global Market Study on Off-Street Parking Management Systems: Middle East & Africa Regional Market Expected to Register Steady Rise in Y-o-Y Growth Rates During 2017 - 2025" with Industries Survey | Global Current Growth and Future.
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“Enhanced parking management solutions are driving market growth”

Companies are investing in the development of enhanced parking management solutions, catering to the demand for better access, control, and revenue management of parking facilities across the globe. Innovations are being witnessed across entire sub-sets of the parking management systems market, which include software, hardware, and services as a whole.
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The global off-street parking management system market anticipated to display a CAGR of 8.9% during the forecast period. The global off-street parking management system market was valued at nearly US$ 3,301 Mn in 2017 and is anticipated to increase significantly to reach nearly US$ 6,550 Mn by 2025, due to increasing concerns for parking facilities and rising vehicle park.

“Increasing concerns for parking facilities to boost market growth of off-street parking management systems”

The rising population across the globe has led to the increasing demand for new vehicles on the roads, resulting in increased traffic congestion. Also, parking convenience is essential, and thus, parking facilities are increasingly becoming a major concern in nations across the globe. This has further led to the increasing demand for parking spaces, efficient traffic management, and facilities that offer viable travel and parking options to consumers, primarily in emerging economies. For instance, car parc size in China is estimated to be around 200 Mn units as compared to 262 Mn units in the U.S., by 2020.
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“Competition Landscape”

In the final section of the report, we have included a competitive landscape to provide clients with a dashboard view, based on categories of provider in the value chain, presence in off-street parking management system portfolio and key differentiators. key offerings and recent developments in the off-street parking management system market space.

Market Taxonomy
By SCS
- - Parking Software
- - - On Premise
- - - Cloud- based

- - System Devices
- - Entry/Exit Terminals
- - - Hands- Free/connected
- - - Stand Alone

- - Card Readers
- - Validation Solution
- - - Desktop Validation Unit
- - - Web Based Electronic Validations
- - - I- Based Validation Unit
- - Pay on Foot Stations
- - - Automatic Pay Stations
- - - Credit Card/ Cash
- - LPR System
- - Others

Professional Services
- Consulting
- Deployment And Customization
- Maintenance and support

By Solutions
- Access control
- Parking fee and revenue management
- Parking reservation management
- Valet parking management
- Parking guidance and slot management
- Others

By End-user
- Government and municipalities
- Airports
- Healthcare
- Corporate and commercial parks
- Commercial Institutions
- Others

By Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa

Continue.....
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