openPR Logo
Press release

Parking Reservation Systems Market 2019: Technology Innovation, International Growth, Regions | Top Players- Ibm, Infra Park Sas, Siemens Ag, 3M Company, Parkme, Justpark

05-22-2019 04:28 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Market Prognosis

The global parking reservation systems market is expected to witness a CAGR of 9.61%, over the forecast period (2018 - 2023). These systems are gaining traction in developed countries and in the heavily populated countries as they are extremely helpful in addressing major concerns, such as finding secure parking lots and traffic congestion. Another major contributing factor for the adoption trend of these systems by various organizations is the possibility of knowing customer-related information, such as the travelling trends and preferences, which can be used to segment their market in a better manner.

Detailed Sample Copy of Updated Analysis @

The rapid innovation motives toward smart technologies in the parking industry of North America and Europe include, adopting high-end automation solutions and parking reservation software. European airports are successful in generating extra revenues through increasing customer spending using online booking of EUR 2 per passenger. With an increasing global population, the traffic congestion is severe, demanding sophisticated parking solutions. This is translating into demand for the parking reservation systems. The growing disposable incomes in the developing countries is resulting in increasing number of vehicles, and the need for parking reservation systems in such economies have become apparent. Considering these trends, countries, such as the United States, Germany, China, and India, are regarded as the major contributors to the parking reservation systems market during the forecast period.

Increasing Number of Vehicles are Driving the Growth of the Market
Urbanization has become a global phenomenon. The densely populated parts of the world are facing dramatic transportation issues. Approximately, half of the world’s population is living in the cities, and it is expected that, almost 70% of the global population will migrate to cities.

With increasing urban population and disposable incomes of the population in emerging countries, the reliance on vehicles will witness positive trends, shortly. It is expected that the number of on-road vehicles worldwide will get tripled to 3 billion by 2035. In spite of the rhetoric about energy independence, as well as climate stabilization, other negative factors, such as oil consumption and carbon dioxide emissions, are soaring day by day. It is expected that the number of motorized vehicles will grow with a global average of 3% annually. Many observations across various cities suggested that almost 30% of the peak hour traffic is caused by vehicles scouting around in search of secured vehicle parking spaces. Proper parking management can potentially reduce this mess and indirectly help in reducing environmental pollution.

Key Developments in the Market
January 2018 - European online parking reservation leader, ParkCloud, has further strengthened its presence within the Italian market, by securing a contract renewal with Torino Airport (Turin Airport), following a successful 18-month term.
January 2018 - New parking reservation system was deployed at Muir Woods Monument, California, for vehicles and shuttle passengers. The new vehicle and shuttle reservation system, managed by Ace Parking Management Inc., will allow visitors to plan their trip in advance. The reservation system will be open year-round on a website and call center.
June 2017 - Infra Park entered into an agreement to expand its stake in LAZ parking from 50% to 90%. The addition of more than 880,000 spaces in more than 328 cities will allow Infra Park to strengthen its position as one of the leaders in a dynamic North American market.

The major players include –

Request Discount on this report @

Mobile-based Solutions are Expected to Record the Highest Growth
As the penetration of smartphones and internet is growing, the governments and companies are introducing many digital initiatives. As many people are opting for technology and are interested in gathering online information, it has become very easy for the solution providers to increase their revenues through mobile-based parking reservation solutions. Unlike the past few years, where only personal computers were used as a medium for internet services, current smartphone evolution and the availability of high-speed internet services on smartphones made it possible for the mobile-based solution providers to penetrate rapidly. Mobile-based solutions are helpful even when there is no availability of internet. Using SMS and MMS services, the user can get parking services through mobile.

North America to Hold the Largest Market Share
Being home to major automotive industry leaders, such as General Motors, Ford, Chryslers and many others, the vehicle production in North America is growing at the rate of 7.5% year-on-year. This rate is being witnessed due to urbanization and the changing lifestyles of a major chunk of the population. With the increasing usage of cars across the region, the demand for parking reservation systems is also growing. North America is the early adopter of the technology and is in its growth phase. A lot of innovation has been taking place in the regional market, and hence, the users are being offered a variety of parking solutions.

As the parking industry in North America is rapidly moving toward smart technologies, adoption of high-end automation solutions and parking reservation solutions is increasingly getting integrated into the many mobility solutions. As the competition within the industry is growing, more number of technologies are being implemented from the communications and IT industries. New business models, such as peer-to-peer parking, parking analytics, smart parking with minimum possible hardware, demand-based pricing, and real-time parking sessions, are expanding their base in the region’s market.

Enquiry Before Buying@

About Market Prognosis
We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today’s complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
We believe in delivering actionable insights for your business growth and success.

Contact us:
ProgMarkPvt Ltd,
Thane - 421501
Contact No: +1 973 241 5193

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Parking Reservation Systems Market 2019: Technology Innovation, International Growth, Regions | Top Players- Ibm, Infra Park Sas, Siemens Ag, 3M Company, Parkme, Justpark here

News-ID: 1749638 • Views: 434

More Releases from Market Prognosis

Technological Advancement in Global Mobile Advertising Market Forecast to 2026 …
Global Mobile Advertising Market Report 2019 offers elaborated knowledge on the market parts like size, Key Regions, growth, trends, dominating firms, Major Manufactures. The Mobile Advertising report introduces market competition situation among the vendors, revenue, product & services, latest developments and business strategies. Overview of the Global Mobile Advertising Market: The Global Mobile Advertising Market is accounted for $30.98 Billion in 2017 and is expected to reach $214.75 Billion by 2026 growing
Mining Chemicals Market Analysis and Forecast Report 2019 - 2026 with Estimated …
Global Mining Chemicals Market research report 2019 - 2026 provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. Overview of the Global Mining Chemicals Market: The Global Mining Chemicals Market is accounted for $6.11 Billion in 2017 and is expected to reach $10.01 Billion by 2026 growing at a CAGR of 5.6%. Significant factors which are influencing the market
Implantable Biomaterials Market Covering Prime Factors and Competitive Outlook T …
This comprehensive Implantable Biomaterials Market research report 2019 – 2026 includes a brief on these trends that can help the businesses operating in the industry to understand the market and strategize for their business expansion accordingly. The research report analyzes the market size, industry share, growth, key segments, CAGR and key drivers. Overview of the Global Implantable Biomaterials Market: The Global Implantable Biomaterials Market is accounted for $96.11 Billion in 2017 and
Booming Growth in Global Semi-Trailer Market and Forecast to 2023 by Worldwide T …
The report covers a forecast and an analysis of the Semi-Trailer Market on a global and regional level. The study provides historical data for 2016, 2017, and 2018 along with a forecast from 2019 to 2023 based on revenue and volume. Overview of the Global Semi-Trailer Market: The report spread across 89 pages is an overview of the Global Semi-Trailer Market - Analysis of Growth, Trends and Forecasts (2018 - 2023). These

All 5 Releases

More Releases for North

Agrochemicals Market in North America
ReportsWorldwide has announced the addition of a new report title North America: Agrochemicals: Market Intelligence (2016-2021) to its growing collection of premium market research reports. The report “North America: Agrochemicals: Market Intelligence (2016-2021)” provides market intelligence on the different market segments, based on type, active ingredient, formulation, crop, and pest. Market size and forecast (2016-2021) has been provided in terms of both, value (000 USD) and volume (000 KG) in the
North American Surgical Gowns Market
The North American Surgical Gowns Market report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. The global surgical apparels market is growing at a significant rate due to increasing number of surgeries, and technological advancement in the field. Some of the surgical apparels available
Web Design in North London
Darcy Developments has moved to the West Hampstead area of North London. Originally based in Manchester and building up a strong client base there, including the exclusive Manchester Grammar School, they have decided to up shop and make the move to the big city. They specialise in Web Design, with an emphasis on clean, simple layouts with a strong message associated with it. They also provide ecommerce solutions such as Paypal integration
The Jewel of the North
It is fair to say that Blackpool is a well known holiday destination not only in the UK and Ireland but also around the world, and is known as ‘The Jewel of the North’, or some refer to Blackpool as the ‘playground of the North, or even ‘Britain’s Las Vegas’. This ‘Jewel’ has much to offer the tourist, it is a very traditional English Victorian seaside town, boasting many attractions, such
LTC North India Tour Packages
LTC TOURS is one of well known travel tour operator among the tourist from all over the world, touring India, Thailand, Malaysia & Singapore, Srilanka, Dubai, London, Paris and more. Our one of the tour package is LTC North India Tour Packages in which we are exploring the complete beauty of North India like Delhi, Rajasthan, Bikaner, and Jaisalmer. In LTC North India Tour Packages, we cover Rajasthan culture, heritage, forts
06-08-2009 | Sports
ClickCulture Promotes North Carolina Worldwide
Race Team Sponsorship Includes North Carolina Flag Vehicle Wrap RALEIGH, N.C. (June 8, 2009)—ClickCulture Inc. (, a Raleigh-based Web technologies, design and integrated marketing firm, announces today its sponsorship of Creation Autosportif ( The sponsorship includes the North Carolina state flag graphically wrapped on Creation's Le Mans race car. The newly wrapped car will debut at the 77th running of the Le Mans 24 Hour race, held June 13 and 14