Parking Management Market is Growing at High CAGR by 2027 - Parking Service, APCOA, Flowbird Group, Parkmobile, TIBA Parking, Smart Parking Limited, T2 Systems, Swarco, Passport Inc., and Skidata AG

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.

The parking management market report aims to provide a 360-degree view of the market in terms of cutting-edge technology, key developments, drivers, restraints and future trends with impact analysis of these trends on the market for short-term, mid-term and long-term during the forecast period. Further, the report also covers key players profiling with detailed SWOT analysis, financial facts and key developments of products/service from the past three years.

Get PDF sample copy: http://bit.ly/2UKwwYh

Factors such as an increase in demand for effective and efficient parking solutions especially among densely populated cities and the growing number of the registered passenger vehicle is expected to be the significant market driving force in the coming years. Further, the increasing popularity of smart cities concepts and the subsequent adoption of technology-driven mobility and smart parking solution is also anticipated to fuel the demand for parking management solutions in the forecast period. Moreover, among developed countries, the increasing number of limited parking spaces both on-street and on-street especially among metro cities are witnessing a growing demand for more efficient parking spaces at major popular commercial hubs and optimizing the available parking space with different end-users.

Increasing number of infrastructure development projects coupled with rise in number of registered passenger vehicles in Asia-Pacific and MEA region to drive the demand for parking management market in the coming years

Top 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

Parking solution such as parking guidance system offers real-time navigational and parking space availability to the different motorist and passenger vehicles. This facilitates in efficient utilization of parking space as well as reduces the time spent by individuals looking for empty parking space. Moreover, other technology-enabled solutions such as automatic number plate recognition and parking fees payment & reservation through mobile app enable seamless enforcement and revenue management solutions to different end-users.

Inquire for discount: http://bit.ly/2UGR185

The market for parking management is globally has been segmented into segments namely: parking site, solutions, service, and deployment type. Based on the parking site, the market is bifurcated into on-street and off-street parking sites. Whereas, based on solutions the market is broadly segmented into parking guidance systems, parking reservation, parking security & surveillance, and others. Moreover, by service, the market is further broken down into professional and managed service. Finally, by deployment of the solutions the market is divided into on-premise and cloud solutions.

The report segments the global parking management market as follows:

Global Parking Management Market - By Parking Site
On-street
Off-street

Global Parking Management Market - By Parking Solutions
Parking Guidance Systems
Parking Reservation Solutions
Parking Security & Surveillance
Others

Global Parking Management Market - By Service
Professional Service
Managed Service

Global Parking Management Market - By Deployment Mode
On-premise
Cloud

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

Contact Us:
Call: +1-646-491-9876
Email: sales@theinsightpartners.com
Web: https://www.theinsightpartners.com/

This release was published on openPR.