Press release
Parking Reservation Systems Market 2021 Highlights Recent Trends, Market Growth, Business Opportunities till 2026
The Parking Reservation Systems Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Parking Reservation Systems market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Parking Reservation Systems market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Parking Reservation Systems market.The Parking Reservation Systems market was valued at USD 837.23 million in 2020 and is expected to reach USD 1453.53 million by 2026, at a CAGR of 9.63% over the forecast period 2021 - 2026.
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Top Leading Companies of Parking Reservation Systems Market are - Conduent Incorporated, Siemens AG, ParkMe Inc, JustPark Parking Ltd, The Kapsch Group, Standard Parking Corporation, APCOA Parking AG, Streetline, Inc., Amano Corporation, Swarco Corporation and others.
Industry News and Updates:
- April 2019 - Conduent launched Innovation Center at its headquarters. The Innovation Center showcases the company’s ability to develop and deploy tailored solutions across industries to help its customers prepare for the future and enable their own digital transformations.
- February 2019 - Conduent launched five enterprise platforms to further its ability to provide individualized, immediate, and intelligent experiences to its customers. The suite of enterprise platforms will deliver customized technology solutions to drive modern digital interactions.
Key Market Trends:
Mobile-based Solutions to Witness Significant Growth
- The mobile-based parking reservation solutions are gaining traction across the globe since the last few years as they provide greater efficiency when compared to other modes of parking reservation solutions, in terms of retrieving real-time parking availability and related packages.
- Moreover. as the penetration of smartphones and the internet is increasing rapidly, the governments and the organizations are introducing many digital initiatives. Since many organizations are opting for technology and are interested in gathering online information about customers, it has become elementary for the solution providers to increase their revenues through mobile-based parking reservation solutions.
Segment by Type:
Software
Equipment
Segment by Application:
Business
Residential
Regional Analysis:
North America Occupies the Largest Market Share
- The region is home to major automotive industry leaders, such as General Motors, Ford, Chryslers, among many others, and the vehicle production in North America is growing at a significant rate year on year, which is one of the primary reason increasing the adoption of these solutions.
- This increasing rate is being witnessed owing to the rapid urbanization and changing lifestyles of a major chunk of the population. With the increasing usage of cars across the region, the demand for parking reservation systems is also growing.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Parking Reservation Systems Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Parking Reservation Systems Market (%),2016 - 2026
- Parking Reservation Systems Market Share, By Brand
- Parking Reservation Systems Market Share, By Company
- Parking Reservation Systems Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Parking Reservation Systems Market Value Analysis & Forecast
- Promising Parking Reservation Systems Development by Major Companies
- Detailed Parking Reservation Systems Portfolio of the Major Companies
- Major Deals in the Parking Reservation Systems Market
- Major Companies Analysis
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We Offer Customization on Report Based on Specific Client Requirement:
- Country Level analysis for any 5 countries of your choice.
- Competitive analysis of any 5 key market players.
- 40 analyst hours to cover any other data point.
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Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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