Press release
Global Parking Management Market is expected to thrive at a notable CAGR of 9.9% Forecast By 2023
The global parking management market was totaled at USD 3.9 Billion in 2016. The market is expected to thrive at a notable CAGR of 9.9% over the projected period. Growing vehicle density on roads owing to rapid urbanization, rising disposable income of the consumers and other reasons, the need of parking management system is getting strong across all regions. Advancements in parking management system such as automation and other IoT enabled system are expected to bolster the growth of market in upcoming years.
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The report begins with an overview for Parking Management Market. The research report broadly covers analysis of key market drivers, challenges, opportunities and trends. The study also provides separate analysis to understand market size, projections and macroeconomic indicators of global regions that affects the market share. The report also offers an extensive coverage of various industry players along with their recent product launches and market activities. The report also goes through porter’s five analyses for getting a better understanding about the forces that shape competition within the industry. There is a timeline considered for useful analysis i.e. 2017 is considered as base year, 2018 as estimated year and 2019-2023 as forecasted year. The market is divided into various segments and further sub-segments to drive the useful insights that can be utilized for company revenue growth and business.
The Parking Management Market is segmented on the basis of
By Parking Site
- On Street
- Off Street
By Automation Level
- Partially Automated
- Fully Automated
By Application
- Government
- Commercial
- Transport Transit
By Solution
- Access control Solution
- Security and Surveillance Solution
- Parking Fee & Revenue Management Solution
- Parking Reservation Management Solution
- Permit Management Solution
- Valet Parking Management Solution
- Parking Guidance
- Slot Management Solution
- Others
By Component
- Software
- Services
- Devices
The research also does a separate geographical analysis that comprises both the region wise and country wise analysis. The geography covered in the report is North America (U.S. & Canada), Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe) , Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific) Latin America (Brazil, Mexico, Argentina and Rest of Latin America) and Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa). As per the report, Asia Pacific is likely to be the market giant in the upcoming years.
Considering the competition, the major vendors providing Parking Management Market across the globe are
- Skidata
- Skyline Parking AG
- Amano Corporation
- Cubic Corporation
- IBM Corporation
- Kapsch TrafficCom
- Siemens AG
- Swarco Corporation
- T2 Systems
- CityLift
- Dayang Parking Co. Ltd.
- Other Major & Niche Players
These vendors have adopted various types of organic and inorganic growth strategies, such as new product launches, business expansions, partnerships and collaborations, and mergers and acquisitions, to expand their offerings and further expand their presence in the Parking Management Market.
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Table of Content:
Research Methodology
Market Definition and List of Abbreviations
1. Executive Summary
2. Growth Drivers & Issues in Global Parking Management Market
3. Global Parking Management Market Trends
4. Opportunities in Global Parking Management Market
5. Recent Industry Activities, 2017
6. Porter’s Five Forces Analysis
7. Market Value Chain and Supply Chain Analysis
8. Global Parking Management Market Size (USD Million), Growth Analysis and Forecast, (2017-2023)
9. Global Parking Management Market Segmentation Analysis, By Parking Site
9.1. Introduction Parking Site
9.2. Market Attractiveness, By Parking Site
9.3. BPS Analysis, By Parking Site
9.4. On Street Market Size & Forecast (USD Million), 2017-2023
9.5. Off Street Market Size & Forecast (USD Million), 2017-2023
10. Global Parking Management Market Segmentation Analysis, By Automation Level
10.1. Introduction
10.2. Market Attractiveness, By Automation Level
10.3. BPS Analysis, By Automation Level
10.4. Partially Automated Market Size & Forecast (USD Million), 2017-2023
10.5. Fully Automated Market Size & Forecast (USD Million), 2017-2023
Continue…
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