Parking Management Market Explores New Growth Opportunities by 2027 : Indigo Parking Service, APCOA, Flowbird Group, Parkmobile, TIBA Parking, Smart Parking Limited, T2 Systems, Swarco, Passport Inc

Global Parking Management Market report provides the details related to fundamental Parking Management overview, development status, Growth opportunity, technological advancements, market dominance and market dynamics.

The global parking management market was valued at US$ 37.6 Bn in 2017 and is expected to reach US$ 58.5 billion by 2027 and estimated to witness a moderate CAGR growth rate of 4.8% from 2019 to 2027.

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The parking management market is poised to flourish in the coming years because several developing country governments are attracting foreign direct investments (FDI) to optimize traffic congestion and enhance parking operations. Additionally, the smart city initiatives in the developing countries are also gaining speed, which is also expected to catalyze the demand for technologically advanced and intelligent parking management solutions.

Leading Parking Management Market Players:
1. Flowbird Group
2. Indigo Parking Service
3. ParkMobile
4. Passport Inc.
5. Siemens AG
6. Smart Parking Ltd.
7. Streetline
8. Swarco
9. T2 Systems
10. Tiba Parking

The rising trend of commercialization and industrialization across the globe has led to steep growth in the off-street parking in the current scenario. Additionally, the residential sector also drives the off-street parking segment significantly. Off street parking includes indoor as well as outdoor parking spaces. Another major factor influencing the growth of off-street parking in the developed countries and few financially emerging countries is the rapid growth of smart cities. The rising smart city initiatives are driving the deployment of sensors and related technologies for various applications which includes parking.

Worldwide Parking Management Market Analysis to 2027 is a specialized and in-depth study of the Parking Management industry with a focus on the global market trend. The report aims to provide an overview of global Parking Management Market with detailed market segmentation by product/application and geography. The global Parking Management Market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the players and offers key trends and opportunities in the market.

The parking management industry is experiencing a significant rise in a number of companies including technology developers, integrators, and service providers among others. On the other hand, commercialization, industrialization, and residential sector are also booming in both developed as well as financially developing countries across the globe. This has led the property owners to lease out their parking spaces to different parking management companies with an objective to utilize the maximum section of the parking spaces. This practice is referred to as the managed services in the parking management market.

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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Parking Management Market based on product and application. It also provides market size and forecast till 2027 for overall Parking Management Market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM), which is later sub-segmented by respective countries and segments. The report evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend and provides exhaustive PEST analysis for all five regions.

Also, key Parking Management Market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years.

Reason to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Parking Management Market
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Parking Management Market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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