Parking Management Market 2022 by Technology Advancements and Future Developments- DEPLOT, Bond Traffic Solutions, FlashParking, Inc

Parking Management Market 2022 offers an exclusive tool for evaluating the market highlighting opportunities, and supporting strategic and planned decision-making. This report recognizes the rapidly-evolving and competitive environment, current marketing information is essential to monitor performance and make critical decisions for growth and profitability. This Report provides an information on trends and developments, and focuses on markets capacity and changing structure of the Parking Management Market forecast 2027.          

The global parking management market was valued at USD 3682.1 million in 2019, and it is projected to be worth USD 5762.8 million by 2027, registering a CAGR of 10.3% during the period 2022-2027. 

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The Parking Management Market is highly competitive and consists of a number of major players. Companies like DEPLOT, Bond Traffic Solutions, FlashParking, Inc., TIBA Parking, Infocomm Group LLC, Passport Inc., Nex Valet LLC, Amano McGann, SAP SE, Q-Free ASA, Parkmobile USA Inc., Siemens AG Amongst Others.

Key Developments:

- May 2022 - FlashParking announced a national service partnership with Burroughs Inc. This announcement will help Flash parking to provide a unique maintenance service to its users and reduce the risk of hardware downtime.
- March 2022 - Q-Free Deployed a comprehensive parking guidance system at the Victorian Square parking garage in Sparks, Nevada. This system will provide real-time information on available spaces, making it easier for drivers to find parking. This contract will help Q-Free to mark its strong presence in the US market.

Key Market Trends:

On-Street Parking Accounts for Significant Market Share
- On-street parking sites are those where the vehicles are parked on the sides of the street itself. On-street parking management is anticipated to reach goals using a variety of tools which includes the spaces where parking is allowed and prohibited by designing parking spaces and facilities and signs, limiting access to certain groups, setting a time limit, charging fees enforcing compliance with all the arrangements, and monitoring success.
- The majority of the on-street parking sites are usually controlled by government agencies. Given its convenient and inexpensive nature, most commuters prefer on-street parking. Despite being an organized and safe parking alternative, off-street parking has lagged behind due to the exorbitant parking fees, resulting in low occupancy levels.

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What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools:  Parking Management Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter's five forces analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Frequently asked questions by our customers:

-What are the drivers governing the growth of the market?

-What is the annual growth rate of the Parking Management Market?

-What is the impact of Covid-19 on the market?

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Finally, Parking Management Market report is the believable source for gaining the Market research that will exponentially accelerate your business. The report gives the principal locale, economic situations with the item value, benefit, limit, generation, supply, request and Market development rate and figure and so on. This report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.

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