Worldwide Parking Management Industry up to 2026 – Major Key Vendors Include Conduent, Amano Corporation, Q-Free ASA, etc. | StraitsResearch

Parking Management Market Snapshot:

The global parking management market was valued at USD 3030 million in 2017 and expected to grow at CAGR 8.6% over the forecast period 2019–2026.
Parking management refers to various program, strategies, and policies that results into more efficient use of parking resources. Parking management helps the driver to locate the vacant parking spot through sensors installed in each parking space. Managing price and provision of parking, especially in high activity and dense locations can reduce the blockage of surrounding corridors.  Major factors such as demand for concern for safety, security and connectivity and growing parking concerns due to increasing number of vehicles driving the growth of parking management.

The increasing the number of vehicles across the world impacting the availability of parking lots and therefore increasing the need of parking management system as it helps in systematic allocation and maximum utilization of space for parking. Furthermore, increasing adoption of internet of things (IoT) in parking and increasing penetration of smartphones are likely to boost the growth of parking management system over the forecast period.
Furthermore, innovations like development of electric and autonomous cars will likely to provide further opportunities for parking management market. Rising adoption of parking management system by multi-storeyed parking services, and residential & commercial sites are propelling the growth of the market.

The major growth in parking management market in North America attributes to the technical advancements and early adoption of parking management in that region. Modern parking technologies such as Multi-space use meters that is more efficient than individual parking meters, State-of-the-art systems can adjust rates based on occupancy, provide motorists with information about parking availability and accept a wide variety of payment methods are driving the growth of the market in North America. Furthermore, The U.S. transportation planner have become more aware of the impact of parking on air quality and on the environment.

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The Major Prominent Players Covered in this Report:
Conduent, Amano Corporation, Q-Free ASA, Indigo Park Service, Chetu, Streetline, SWARCO, T2 Systems, SKIDATA, Flowbird Group, INRIX , Flashparking , Parkmobile , Passport, SpotHero, TIBA Parking Systems, Urbiotica, Smart Parking, SAP, Siemens, APCOA, Bosch Mobility Solutions, GET MY PARKING, Nester, and NuPark. & More.

By Component
Software
Services

By Solution
Parking Guidance
Reservation Management
Permit
Enforcement
access control
Security & Surveillance

By Deployment Type
On-Premises
Cloud

By Parking Site
Off-street Parking
On-street Parking

Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Parking Management in the APAC Region
Asia-Pacific region is anticipated to hold the largest market share in the global Parking Management market during the forecast period 2019-2026. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Parking Management and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of Parking Management. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.

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Key Questions Answered in The Report:
What will the Parking Management market growth rate?
What are the key factors driving the global Parking Management market?
Who are the key manufacturers in the Parking Management market space?
What are the market opportunities, market risk, and market overview of the Parking Management market?
What are sales, revenue, and price analysis of top manufacturers of the Parking Management market?
Who are the distributors, traders, and dealers of the Parking Management market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the Parking Management Industry?
What are sales, revenue, and price analysis by regions of Parking Management industry?
What are the driving factors contributing to market growth during the short, medium, and long term?

Key Parking Management Market Trends:
- The report identifies, determines, and forecasts the Global Parking Management Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Parking Management Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Parking Management Market.

Why buy this report?
Our parking management market offers a comprehensive overview of prior research in parking management. Moreover, the research provides useful information for planners and professionals dealing with parking issues and what solutions might work to deal with it. Moreover, following sections are specifically covered in the report.

Definitive Market Data
Parking Management Market Analysis
Competitive Analysis
Recent Opportunities in the Market
6-7-year performance forecasts: major segments covering applications and types, and geographies
Market Share Analysis
Technology Assessment
Potential Venture Avenues

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