Press release
GLOBAL PARKING SYSTEMS MARKET TOP KEY PLAYERS ARE 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 TECHNOL
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End-user/Technology
Further, the demand for parking reservation system is expected to increase in transportation, due to traffic congestion and has now diversified to retail, government & municipalities sectors.The mobile applications of parking reservation systems are growing at a faster rate. The parking slots can be reserved easily and effectively since it involves the use of GSM, GPS, and smartphone technologies through which. The increasing adoption of smartphones has enabled access to travel time, speed data, and origin-destination information.
Market Dynamics
The major growth drivers for this market include rising disposable income among consumers, along with increasing global population and rising need for smart city projects. The major challenge for this market is the proper parking technology execution with zero error and truck congestion.
Market Segmentation
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
Others
Parking Reservation System Market By Industry
Education
Government Bodies
Healthcare
Commercial Parks
Retail
Transportation
Others
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 Geography
North America
Europe
The Asia Pacific
Middle East & Africa
Latin America
Regional/Geographic Analysis
Developed countries such as Germany and the U.S are heavily investing in the implementation of parking reservation system for heavy vehicles like trucks.The market for parking reservation system is expected to get a boost with the adoption of smart parking system in developed countries. India and China are expected to be a potential market for parking reservation system market in the future. However, a slower adoption rate of parking reservation system in developing countries is expected to pose a challenge for this market in coming years.
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Opportunities
The increasing usage of mobile-based parking reservation apps by smartphone users offer a promising growth prospect for the technology vendors,cloud-based service providers, and system integrators. Thus, technological advancements have created ample growth opportunities in the field of parking reservation.
Key players in this market are:
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.
Report ContentsRegional AnalysisReport Highlights
Market segments
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market - Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players
North America
US and Canada
Latin America
Mexico, Brazil, Argentina and Rest of Latin America
Western Europe
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe
Eastern Europe
Russia
Poland
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia and New Zealand
Rest of Asia Pacific
Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
South Africa
North Africa
Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Market Segmentation
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage.
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About Kenneth Research
Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation
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