Parking Management Market Outlook With Is Expected To Grow 5470 Million US Till 2024 | Analysis by Top Key Vendors – Xerox, Siemens Ag, Kapsch Trafficcom Ag
Global Parking Management Market overview:
The report " Parking Management Market” The quick adoption of advanced Analytics and Visualization and the expand use of outward data sources are the major drivers of the Parking Management Market. The report high Point, Potential Growth Opportunities in the coming years and covers a review of the Market Drivers, Growth Measure, Competitive Landscape, Market Dynamics, Opposition and other Feature to the Parking Management Market.
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According to Market Analyst, Global Parking Management Market is projected to grow at a healthy growth rate from 2019 to 2024.
With the slowdown in world economic growth, the Parking Management industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Parking Management market size to maintain the average annual growth rate of 10.99% from 2450 million $ in 2014 to 3350 million $ in 2018, Market analysts believe that in the next few years, Parking Management market size will be further expanded, we expect that by 2024, The market size of the Parking Management will reach 5470 million $.
The Global Parking Management Market is segmented on the basis of Product Type, Application, End Use Industry and Region. On the Basis of Product Type segment, the Parking Management Market is sub segmented into Off-Street Parking, On-Street Parking. The off-street parking is expected to hold a larger market size during the forecast period, owing to huge investments made by authorities in multi-level parking, and also by the private sector in its parking facilities. Additionally, the off-street parking has witnessed a number of innovations to enable efficient parking; for instance, nowadays, advanced garages are equipped with robotic valet systems that help in parking management. Based on End Use Industry segment, the Parking Management Market is sub segmented into Academia, Government And Municipalities, Transportation, Recreation, Healthcare.
As per the geographic analysis, North America is expected to hold the largest market size during the forecast period, owing to the large-scale investments in implementing Parking Management solutions to meet the growing need for better driver and commuter convenience. The US and Canada have been expansively implementing parking management solutions with the increasing adoption of mobile devices as well as the rising focus on managing the growing traffic congestion. The strong inclination toward mobility is encouraging customers to manage parking from their own devices. Moreover, cloud-based solutions have also penetrated the market to provide cost-effective ways of managing the parking facilities.
We Can also provide the customized separate regional or country-level reports, for the following regions: North America Country (United States, Canada), South America, Asia Country (China, Japan, India, Korea), Europe Country (Germany, UK, France, Italy), Other Country (Middle East, Africa, GCC) and all over the world.
Some of the major players that operate in the Global Parking Management Market are Xerox Corporation, Siemens Ag, Kapsch Trafficcom Ag, Amano Corporation, Cubic Corporation, Swarco Ag, Inrix, Inc, Indigo, T2 Systems, Inc, Skidata Ag.
Latest Industry Updates:
Siemens Ag:- Smartphone users as well as industrial companies are looking forward to the advent of the new 5G wireless mobile standard, thanks to which companies will be able to connect their machines and thus make their production plants and intralogistics operations more efficient, more autonomous, and more flexible than ever before.
Industrie 4.0, the smart factory, the Industrial Internet of Things (IIoT) – these are the future of industrial manufacturing. Designing production plants and intralogistics to be more flexible, autonomous, and efficient requires the right communication framework and comprehensive connectivity. The new 5G communication standard opens up important new prospects. It will initially have a data speed of between one and 5 gigabits per second, subsequently increasing to 20 gigabits per second – a quantum leap that will make it between 10 and 20 times faster than the system’s predecessor, LTE.
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Table of Contents:
1 Parking Management Definition,
2 Global Parking Management Market Major Player Share and Market Overview
3 Major Player Parking Management Business Introduction
4 Global Parking Management Market Segmentation (Region Level)
5 Global Parking Management Market Segmentation (Product Type Level)
6 Global Parking Management Market Segmentation (Industry Level)
7 Global Parking Management Market Segmentation (Channel Level)
8 Parking Management Market Forecast 2019-2024
9 Parking Management Segmentation Type
10 Parking Management Segmentation Industry
11 Parking Management Cost Analysis
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