Parking Management Market 2019 Global Key Leaders: AMANO Corporation, XEROX Corporation, INRIX, Inc, Siemens AG, SKIDATA AG

Parking Management Market Overview:
The rising level of automobiles in urban areas has created a situation that is conducive to the use of parking management systems. Reports that evaluate the information and communication technology industry have been made available by Market Research Future which creates reports on several industry verticals that review the market growth and future prospects. The market is on track to achieve USD 7 Billion in earnings while advancing at a 12 % CAGR in the forecast period.

The need to reduce traffic and streamline the flow of traffic is expected to motivate the growth of the parking management market. The upsurge in the number of cars per household is adding to the growth of the parking management market. The enhancements in the technology are expected to further motivate the market for parking management in the upcoming period.

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Competitive Analysis:
The advancement of the market is upgraded chiefly due to the reduction in promotional and miscellaneous expenses. An intensified growth pace is observed due to the productive effect exerted by the market forces both externally and internally. The progress capability of the market is bolstered by the accretive nature of the assets available in the market. The market is projected to accomplish an absolute lead in the market place owing to improved strategies in specific areas.

Additionally, the deals being coined in the market are likely to additionally inspire the development of the market in the impending years. The absorbed expenses in the Parking Management Market are readily dispensed with, opening more room for the development in the market. The companies functioning in the market are persistently taking on the hindrances to progress and are forming strategies that are projected to guide to a beneficial outcome on the market's advancement.

The outstanding companies in the parking management market globally are Siemens AG (Germany), Kapsch TrafficCom AG (Austria), INRIX, Inc. (U.S.), XEROX Corporation (U.S.), INDIGO (France), Cubic Corporation (U.S.), AMANO Corporation (Japan), SWARCO AG (Austria), SKIDATA AG (Austria), T2 Systems, Inc. (U.S.), among others.

Segmental Analysis:
The analysis of the parking management market has been segmented on the basis of component, parking site type, region, solution and vertical. On the basis of the component, the parking management market is segmented into service and software. The software segment is additionally segmented into parking payment systems and parking information systems. The service segment is additionally segmented into support & maintenance and deployment & customization. Based on the parking site type, the parking management market is segmented into On-Street Parking and Off-Street Parking.

The segmentation of the parking management market by solution consists of security & surveillance, access control, valet parking management, parking fee & revenue management, parking fee & revenue management, parking guidance & slot management and others. Based on the verticals, the parking management market is segmented into recreation, BFSI, corporate & commercial parks, healthcare, transportation, hospitality, academia, retail, government, and others. The regions considered in the parking management market are APAC, North America, Europe and the rest of the world.

Detailed Regional Analysis:
The evaluation of the regions in the parking management market includes regions such as North America, Asia Pacific, Europe and Rest of the World.

The analysis observes that the North American region is projected to be responsible for the chief portion of the market, while the Asia Pacific region is anticipated to increase at the swiftest rate throughout the forecast period. The key development in the parking management market in the North American region can be accredited to the technology progresses and swift adoption of parking management in the region.

Industry Updates:
Mar 2019 As a result of the sale of the UK urban parking business to Off-Street Parking UK Limited (OSP), OSP president Laurent Gilles has revealed the company’s new trading name, Orbility. The company’s solutions are broadly custom-made to fit customers’ needs and comprise of lane configuration at entry and exit points, customized welcome messages, paperless ticketing, pay on foot stations, loyalty schemes, manual cashier terminals, online booking, and straightforward tariff manipulation as required.

Intended Audience:
• Technology investors
• Integrated device manufacturers (IDMs)
• Research/Consultancy firms
• Government agencies
• Software providers
• Cloud Service providers
• Professional Service providers
• Solution providers
• Integration service providers

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Table of Contents
1 Market Introduction
1.1 Introduction
1.2 Scope of Study
1.2.1 Research Objective
1.2.2 Assumptions
1.2.3 Limitations
1.3 Market Structure
2 Research Methodology
2.1 Research Parking Site Type
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
2.4.1 Market Data Collection, Analysis & Forecast
2.4.2 Market Size Estimation
Continued….

List of Tables
Table 1 Parking Management Market, By Component
Table 2 Parking Management Market, By Parking Site Type
Table 3 Parking Management Market, By Solution
Continued….

List of Figures
Figure 1 Research Type
Figure 2 Parking Management Market, By Component (%)
Figure 3 Parking Management Market, By Parking Site Type (%)
Continued….

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