Global Parking Management Market: A Latest Research Report to Share Market Insights and Dynamics

According to a new market research study titled, “Parking Management Market To 2027 - Global Analysis and Forecasts by Parking Site, Solutions, Services, and Deployment Type”. The global market accounted for US$ 37.5 Bn in 2017 and is estimated to reach US$ 58.5 Bn by 2027 thereby registering a CAGR growth rate of 4.8% from 2019 to 2027. The report highlights the key trends prevalent in the global parking management market and the factors driving the market along with those that act as deterrents to its growth.

Parking solution such as parking guidance system offers real-time navigational and parking space availability to the different motorist and passenger vehicles. This facilitates in efficient utilization of parking space as well as reduces the time spent by individuals looking for empty parking space. Moreover, other technology-enabled solutions such as automatic number plate recognition and parking fees payment & reservation through mobile app enable seamless enforcement and revenue management solutions to different end-users.

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Leading companies profiled in the report include: Flowbird Group, Indigo Parking Service, ParkMobile, Passport Inc., Siemens AG, Smart Parking Ltd., Streetline, Swarco, T2 Systems, and Tiba Parking among other market players.

The report also includes all the critical and decisive details on the development of the market and the restraining factors that may obstruct the market growth in near future. Segmentations of the market are studied specifically to give profound knowledge for supplementary market investments.

Factors such as an increase in demand for effective and efficient parking solutions especially among densely populated cities and the growing number of the registered passenger vehicle is expected to be the significant market driving force in the coming years. Further, the increasing popularity of smart cities concepts and the subsequent adoption of technology-driven mobility and smart parking solution is also anticipated to fuel the demand for parking management solutions in the forecast period. Moreover, among developed countries, the increasing number of limited parking spaces both on-street and on-street especially among metro cities are witnessing a growing demand for more efficient parking spaces at major popular commercial hubs and optimizing the available parking space with different end-users.

The report segments the global parking management market as follows:

Global Parking Management Market - By Parking Site
On-street
Off-street

Global Parking Management Market - By Parking Solutions
Parking Guidance Systems
Parking Reservation Solutions
Parking Security & Surveillance
Others

Global Parking Management Market - By Service
Professional Service
Managed Service

Global Parking Management Market - By Deployment Mode
On-premise
Cloud

The report offers an extensive pool of market data covering market sizes, revenue forecasts, value chain, product trends, and price trends that serve as a blueprint for businesses.

The Parking Management market is segmented based on parking site, solutions, service, and deployment type. The report provides exhaustive PEST analysis for five major regions, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and South & Central America (S&CAM). The report covers forecasts of 18 major countries along with existing trends and opportunities within these regions.

Table of Contents
• Introduction
• Key Takeaways
• Research Methodology
• Parking Management Market Landscape
• Parking Management Market - Key Industry Dynamics
• Parking Management Market - Global Analysis
• Parking Management Market Revenue And Forecasts To 2027 – Type
• Parking Management Market Revenue And Forecasts To 2027 – Application
• Parking Management Market Revenue And Forecasts To 2027 - Geographical Analysis
• Industry Landscape
• Parking Management Market, Key Company Profiles
• Appendix

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This release was published on openPR.