Parking Management Software Market Insights Shared in Detailed Report 2021 to 2027 | Oobeo, inc, SecurePark Technologies, Parkalot, SpotHero, Gtechna, Parkable

The Parking Management Software Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. As per our analysis, this industry will recover post-COVID, and this market will flourish during the forecast period.

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“Parking Management Software Market was valued at USD 3527.6 million in 2020, and it is projected to be worth USD 6481.55 million by 2026, registering a CAGR of 10.3% during the forecast period (2021 - 2026).”

Top leading Companies Profiled in Parking Management Software Market Report are Oobeo, inc, SecurePark Technologies, Parkalot, SpotHero, Gtechna, Parkable, ParkOffice, SKIDATA, Passport Parking, T2 Systems, O-Valet, ParkSol, TIBA Parking, Genetec Inc, Gateworks Corporation, Colibri Solutions LLC

News and Latest Developments

GCC launches on-street parking management system in Chennai- CHENNAI: The Greater Chennai corporation has launched the on-street parking management system officially. The system had been on a trial run since January, 2019, and was launched on Thursday by the chief minister Edappadi K Palaniswami

June 01, 2020 Rekor Announces Venture To Launch Smart Permit and Parking Management Startup- a Maryland-based company providing real-time roadway intelligence through AI-driven decisions, and Cygnet Infotech, a premier product engineering and application development services firm along with affiliates of Cygnet, today announced the launch of a standalone company, to be named ROKER (pronounced “rock-er”), to automate parking enforcement and enable higher revenue recovery for both public safety institutions and private businesses alike. Rekor and Cygnet are each contributing their respective technology stacks in exchange for equity in ROKER, with Rekor receiving 50% of the venture.

In July 2020, Flowbird Group launched Park and Sanitize, a contactless hydro-alcoholic gel dispenser attached to the Flowbird parking and transport ticketing terminals, to help safeguard potentially millions of motorists and transport passengers for combating the risks associated with the spread of the COVID-19.

In July 2020, GROUP Indigo extended its European presence by opening a subsidiary in Poland.

May 2020 - FlashParking formed a national service partnership with Burroughs Inc. The partnership will help Flash parking to provide a unique maintenance service to its users and reduce the risk of hardware downtime.​

Market Overview

The parking management system refers to various policies and programs, resulting in more efficient use of parking resources. The parking management system constitutes the access control system, revenue management, security system, boom barrier, and statistical information, where the market study comprises of deployment types such as On-premises and Cloud with Parking Sites such as Off-street and On-street.

Asia-Pacific is witnessing a significant market growth. The increasing population and the rising migration of people to urban cities of China have been rapidly driving the utilization of vehicles in the Chinese market. According to OICA, in 2019, the number of passenger car sales in China amounted to 21.44 million, and commercial vehicle sales amounted to 4.32 million.​

The rapid growth of the vehicle market in the country and the increasing population, coupled with limited parking space, have been driving the parking management market in China. According to the Ministry of Public Security, China, there were 258 millions of car in 2019 that was on the road. ​

Market Research Study Focus on these Types:

Auto Pay Parking System

Active RFID Parking System

Robotic Parking Systems

Others

Market Research Study Focus on these Applications:

Mall

Residential

Others

Regional Analysis:

Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, Malaysia, and Others), North America (United States, Canada, and Mexico), Central & South America (Brazil, and Rest of South America), Europe (Germany, France, UK, Italy, Russia, and Rest of Europe), Middle East & Africa (GCC Countries, Turkey, Egypt, South Africa and Other)

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Key Takeaways from Parking Management Software Report

─Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals

─Understand the different dynamics influencing the Parking Management Software market – key driving factors, challenges and hidden opportunities.

─Get in-depth insights on your competitor performance – Parking Management Software market shares, strategies, financial benchmarking, product benchmarking, SWOT and more

─Analyze the sales and distribution channels across key geographies to improve top-line revenues.

─Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.

─Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.

─Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the Parking Management Software

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In conclusion, the Parking Management Software market report presents the descriptive analysis of the parent market supported elite players, present, past and artistic movement information which is able to function as a profitable guide for all the Parking Management Software Industry business competitors. Our expert research analyst’s team has been trained to provide in-depth market research reports from every individual sector which will be helpful to understand the industry data in the most precise way.

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