Press release
Parking Management System Market Size Worth 650 Million USD by 2024 - by Top Key Players: 3M, Kapsch, Swarco, Siemens, Amano, Q-Free, Thales, Tyco, Xerox, Cubic, Integrapark, Imtech, EDC, Jieshun, Fujica, Dashou, KEYTOP, Shenchuang, Carsafe, OPEN
Parking Management System Market
The global Parking Management System market is valued at 410 million USD in 2017 and is expected to reach 650 million USD by the end of 2023, growing at a CAGR of 7.8% between 2017 and 2023.
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Market Segment by Companies, this report covers
• 3M
• Kapsch
• Swarco
• Siemens
• Amano
• Q-Free
• Thales
• Tyco
• Xerox
• Cubic
• Integrapark
• Imtech
• EDC
• Jieshun
• Fujica
• Dashou
• KEYTOP
• Shenchuang
• Carsafe
• OPEN
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.
This report studies the Parking Management System market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market and splits the Parking Management System market by product type and applications/end industries.
First of all, the parking management system is used to charging for parking, with the demand and technology development, the parking management systems 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 Chinas 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%, Chinas 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 systems gross margin is relative high, the developed countries products gross margin is about 50%, the Chinas 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.This is the end of parking management system report.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Parking Management System.
Europe also play important roles in global market, with market size of xx million USD in 2017 and will be xx million USD in 2023, with a CAGR of xx%.
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Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
On-road
Off-road
Market Segment by Applications, can be divided into
Parking Guidence
Tolling System
Table of Contents
1 Parking Management System Market Overview
2 Manufacturers Profiles
3 Global Parking Management System Market Competition, by Players
4 Global Parking Management System Market Size by Regions
5 North America Parking Management System Revenue by Countries
6 Europe Parking Management System Revenue by Countries
7 Asia-Pacific Parking Management System Revenue by Countries
8 South America Parking Management System Revenue by Countries
9 Middle East and Africa Revenue Parking Management System by Countries
10 Global Parking Management System Market Segment by Type
11 Global Parking Management System Market Segment by Application
12 Global Parking Management System Market Size Forecast (2018-2023)
13 Research Findings and Conclusion
14 Appendix
Complete report at https://www.marketstudyreport.com/reports/global-parking-management-system-market-by-manufacturers-countries-type-and-application-forecast-to-2023?utm_source=openpr.com&utm_medium=Abhijeet
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