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Parking Management Market Global Industry Key Plans, Historical Analysis, Segmentation, Application, Technology, Trends and Opportunities Forecasts to 2027

10-21-2020 02:57 PM CET | Logistics & Transport

Press release from: The Insight Paerners

Parking Management Market Global Industry Key Plans,

The global parking management market was valued at US$ 37.6 Bn in 2017 and is expected to reach US$ 58.5 billion by 2027 and estimated to witness a moderate CAGR growth rate of 4.8% from 2019 to 2027.

The parking management market is poised to flourish in the coming years because several developing country governments are attracting foreign direct investments (FDI) to optimize traffic congestion and enhance parking operations. Additionally, the smart city initiatives in the developing countries are also gaining speed, which is also expected to catalyze the demand for technologically advanced and intelligent parking management solutions.

Moreover, the increasing commercialization and urbanization in the developing countries coupled with increasing vehicles on the road are expected to accentuate the demands for various on-street and off-street parking management solutions. Furthermore, the reduction in the cost of technology and services by the solution service providers is foreseen to stimulate the adoption growth of parking management market in several developed countries as well as developing countries worldwide.

Major key players covered in this report:
Indigo Parking Service, APCOA, Flowbird Group, Parkmobile, TIBA Parking, Smart Parking Limited, T2 Systems, Swarco, Passport Inc., and Skidata AG among others.

Get Sample Copy of Parking Management Market at: https://bit.ly/3ocLFR5

The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Parking Management market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal with regard to different segments. The report predicts the influence of different industry aspects on the Parking Management market segments and regions.

The research on the Parking Management market focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients understand their competitor’s methodologies. The research also segments the Parking Management market on the basis of end user, product type, application, and demography for the forecast period 2020–2027. Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, such as charts, tables, and infographics.

This report strategically examines the micro-markets and sheds light on the impact of technology upgrades on the performance of the Parking Management market.
Parking Management Market Segmented by Region/Country: North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America

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Thanks for reading this release; you can also customize this report to get select chapters or region-wise coverage with regions such as Asia, North America, and Europe.

Contact Us:
Call: +1-646-491-9876
Email: sales@theinsightpartners.com

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

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