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Parking Management System Market Benefits with 7.7% CAGR by 2025 | Top Key Players: 3M, Kapsch, Swarco, Siemens, Amano, Q-Free and More...

02-21-2019 06:08 AM CET | IT, New Media & Software

Press release from: Reports Monitor

Parking Management System Market

Parking Management System Market

Parking Management System Market

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.

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In 2018, the global Parking Management System market size was 410 million US$ and it is expected to reach 750 million US$ by the end of 2025, with a CAGR of 7.7% during 2019-2025.

First of all, the parking management system is used to charging for parking, with the demand and technology development, the parking management system’s 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 China’s 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%, China’s 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 system’s gross margin is relative high, the developed countries product’s gross margin is about 50%, the China’s 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 key players covered in this study
3M, Kapsch, Swarco, Siemens, Amano, Q-Free, Thales, Tyco, Xerox, Cubic, Integrapark, Imtech, EDC, Jieshun, Fujica, Dashou, KEYTOP, Shenchuang, Carsafe, OPEN

Market segment by Type, the product can be split into
On-road
Off-road

Market segment by Application, split into
Parking Guidence
Tolling System

Market segment by Regions/Countries, this report covers
United States
Europe
China
Japan
Southeast Asia
India
Central & South America

Read Full Report with TOC @ www.reportsmonitor.com/report/348637/Parking-Management-S...

Reports Monitor is a methodical effort to gather information about the targeted market which is Parking Management System. It is a very significant part of a business strategy. The term is often used in resemblance to marketing research; but specialized Market research is one of the major factors used to maintain competitiveness over competitors.

Why Global Parking Management System market 2019 Research Report?

Market research presents significant information which helps to -

Recognize and examine the needs of the market, the market size, and the competition.

Market-research techniques cover both qualitative techniques such as -

Focus groups

Detailed interviews

Ethnography

Quantitative techniques like -

customer surveys

analysis of secondary data.

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We are a multi-service provider, advisor, and consultants for market research reports for small, mid-size, and large companies. Our special team consists of market research trackers, research coordinators, research specialists who cater to the client needs. We keep a comprehensive set of market research reports fit under required categories and sub-categories.

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About Us
Reports Monitor is a market intelligence and consulting firm with extensive experience and knowledge of the Market Research industry.

Our aim is to change the dynamics of the Market Research industry by providing quality intelligence backed by data. Your requirement for market forecasting is fulfilled by our exclusive quantitative and analytics driven intelligence. Decision makers can now rely on our distinct data gathering methods to get factual market forecasting and detailed analysis.

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