Parking Management Market Expected to Grow to US$ 58.5 Bn by 2027 | Top Companies include - Flowbird Group, Indigo Parking Service, ParkMobile, Passport, Siemens AG

The global parking management market is expected to grow to US$ 58.5 Bn by 2027 from US$ 37.6 Bn in 2017.

As per ACEA (European Automobile Manufacturers Associations), parking management refers to the adoption of various strategies and subsequently technology-enabled solutions that facilitate in efficient use of parking resources. Further, the effective implementation of the strategy results in the reduced number of parking space required by the facility based on the strategy adopted thereby providing long-term economic, social, and environmental benefits to the end-user. The parking management market is expected to witness a CAGR growth rate of 4.8% from 2019 to 2027.

Top Companies Covered in this Report:
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

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The "Global Parking Management Market Analysis to 2027" is a specialized and indepth study of the medical device industry with a focus on the global market trend. The report aims to provide an overview of global market with detailed market segmentation by game type, application, end user, and geography. The global Parking Management market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Parking Management market players and offers key trends and opportunities in the market.

The primary factor influencing the growth of off-street parking in the parking management market among developed countries and few financially emerging countries is the rapid growth of smart cities. The rising smart city initiatives are driving the deployment of sensors and related technologies for various applications which includes parking.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Parking Management market based on product, source and application. It also provides market size and forecast till 2027 for overall market with respect to five major regions, namely; North America, Europe, AsiaPacific (APAC), Middle East and Africa (MEA) and South & Central America.

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Fundamentals of Table of Content:

1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type       
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered

2 Global Growth Trends
2.1 Parking Management Market Size
2.2 Parking Management Growth Trends by Regions
2.3 Industry Trends

3 Market Share by Key Players
3.1 Parking Management Market Size by Manufacturers
3.2 Parking Management Key Players Head office and Area Served
3.3 Key Players Parking Management Product/Solution/Service
3.4 Date of Enter into Parking Management Market
3.5 Mergers & Acquisitions, Expansion Plans

4 Breakdown Data by Product
4.1 Global Parking Management Sales by Product
4.2 Global Parking Management Revenue by Product
4.3 Parking Management Price by Product

5 Breakdown Data by End User                            5.1 Overview
5.2 Global Parking Management Breakdown Data by End User

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This release was published on openPR.