Off Street Parking Management System Market 2021 Global Projection By Key Players – 3M Company, Amono Corporation, IBM Corporation, Xerox Corporation– Analysis and Forecast to 2029

Off Street Parking Management System Market 2021-2029

Report Details:

The off-street parking management system market will be valued at US$5.7 bn by 2021, expanding at a CAGR of 9.10% between 2015 and 2021. The valuation of the market in 2015 was US$3.4 bn.

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The demand for off-street parking management systems will be on the rise due to several reasons, says the PMR report. Increasing parking facilities and increasing preference of consumers for off-street parking that features integration of parking resources, surveillance and safety, and automated payment are bolstering the demand for off-street parking management systems.

Key Players:

The report has profiled some of the Important players prevalent in the global like – 3M Company, Amono Corporation, IBM Corporation, Xerox Corporation, and Skidata AG., Cubic Corporation, Tiba Parking LLC, Nortech Control Systems Limited, Kapsch TrafficCom AG, and SWARCO AG and more.

This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Off Street Parking Management System.

In present times, environmental deterioration is a concern that has caught the attention of welfare agencies across the world. In this regard, vehicular carbon emissions, which are significantly associated with environmental degradation, are what these agencies are seeking to reduce at every level. Thus, the use of technology-enabled traffic management solutions for parking directions, slot reservations, and enhanced parking experience, which saves on fuel indirectly to some extent, is encouraging the deployment of off-street parking management systems.

In technologically advanced countries such as Japan, the parking systems business sector consistently endeavors to implement eco-friendly initiatives for traffic congestion problems that also offer economical parking management solutions, security against crimes, and safety from accidents in these facilities. As such, the deployment of off-street parking management systems has been on a rise in the country.

In 2015, North America stood as the largest market for off-street parking management systems, accounting for 29.8% of the overall market. However, the Middle East and Africa region will exhibit the highest growth in the market during the forecast period. The development of smart cities with the involvement of tech-savvy international companies in the region is facilitating the deployment of these systems.

Key Stakeholders
Off Street Parking Management System Market Manufacturers
Off Street Parking Management System Market Distributors/Traders/Wholesalers
Off Street Parking Management System Market Subcomponent Manufacturers
Industry Association
Downstream Vendors

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Major Highlights of the Off Street Parking Management System Market Report:

The Off Street Parking Management System Market analysis report offers an in-depth study of the potential market growth opportunities and challenges.

The report dives deeper into the market and explains the dynamic factors bolstering market growth.

The report deeply assesses the current, historical market size, market share, and revenue growth rates to offer accurate market projections for the forecast period.

The report analyzes the Off Street Parking Management System Market presence across major regions of the world.

It determines the production & consumption capacities and demand & supply dynamics of each regional market.

The report further illustrates the intense competition among the key market players and highlights their effective business expansion plans and strategies.

It provides company overview and SWOT analysis of each of the market players.

Key Questions Answered in This Report.

What will the Market growth rate in Future?
What are the key factors driving the global Market?
Who are the key manufacturers in Market space?
What are the opportunities and threats faced by the vendors in the global industry?
What are sales, revenue, and price analysis by regions of industry?
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This release was published on openPR.