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Global Parking Management System Market was 410 million US$ in 2018 and will reach 750 million US$ by the end of 2025 and is Expected to Grow at a CAGR of 7.7% Between 2019-2025 By Valuates Reports

05-23-2019 05:51 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Valuates Reports

Global Parking Management System Market was 410 million US$

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.

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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Key Trends

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.

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The study objectives of this report are:

To analyze global Parking Management System status, future forecast, growth opportunity, key market and key players.
To present the Parking Management System development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.

Market segment by Type, the product can be split into

On-road
Off-road

Market segment by Application, split into

Parking Guidence
Tolling System

The key players covered in this study
3M
Kapsch
Swarco
Siemens
Amano
Q-Free
Thales
Tyco
Xerox
Cubic
Integrapark

Market segment by Regions/Countries, this report covers

United States
Europe
China
Japan
Southeast Asia
India
Central & South America

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