Parking Management Market to Grow at a CAGR of 4.9% to reach US$ 45,125.82 million from 2021 to 2028 - Global Analysis by The Insight Partners

The Insight Partners adds "Parking Management Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Parking Site (On-street, and Off-street), Solutions (Parking Guidance Systems, Parking Reservation, Parking Security & Surveillance, and Others), Services (Professional, and Managed), Deployment (On-premise, and Cloud)" research report to the Electronics and Semiconductor category of its store.

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Key Recent Developments: Parking Management Market

1. In August 2021, T2 Systems' Mobile Enforcement Software (MEA), a citation issuance app for iPhones, iPads, and Android tablets, now interacts with Genetec's AutoVu automated licence plate recognition (ALPR) system, giving parking operations a mobile LPR-based enforcement solution.

2. In August 2021, ParkMobile, the #1 mobile parking app in the U.S. has announced today a new strategic partnership agreement with TIBA Parking Systems, a member of the FAAC group - the largest manufacturer of Parking Management Systems in North America, to provide contactless payment options at gated garage locations.

Increasing Partnerships and Mergers to Stimulate the Parking Management in Urban Areas

The parking management systems market across the globe is highly fragmented, as several players are operating in the industry with their respective technologies and services. This has created substantial complexities among the end users of parking management systems. The need and demand for technologically enhanced parking management system is continuously increasing in the developed regions as well as emerging areas across the globe. The parking management market players have a significant opportunity to grow it the near future by partnering with other parking management service providers and governments. Partnerships among the service providers facilitate to provide bespoke services which are expected to drive the market to a great extent. For instance, in July 2021, Passport has enabled parking payments to be paid directly through the Uconnect infotainment system in Chrysler, Dodge, Jeep, and Ram cars, thanks to a partnership with Xevo, a leader in connected-car technologies and innovative user experiences. Similarly, in 2020, T2 Systems, a parking technology company, has collaborated with TEZ, the creators of TEXT2PARK, to offer T2 MobilePay, a mobile parking payment solution that gives users an easy and convenient method to pay for parking on their cellphones while giving operators control over their data and revenue.

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The Insight Partners Research Report Guidance:
The report provides qualitative and quantitative analysis of global Parking Management market segmented by product, technology and geographic regions.
1. Chapter 1 provides a brief description of the market under study.
2. Chapter 2 mentions the key takeaways, highlighting the key trends and outlook of the global Parking Management market
3. Chapter 3 provides the research methodology of the study.
4. Chapter 4 provides market landscape, PEST (Political, Economic, Social and Hardware) analysis, ecosystem analysis, and expert opinions.
5. Chapter 5 highlights the key market dynamics in the Parking Management market, including factors that are driving the market, prevailing deterrents, potential opportunities, and future trends. Impact analysis of drivers and restraints are covered under this section.
6. Chapter 6 discusses the global Parking Management market scenario, in terms of historical market values, and forecast till 2028.
7. Chapters 7 to 11 discuss the market segments by product, technology, and geographic analysis across North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SAM), along with the major factors governing the growth of the market in these regions.
8. Chapter 12 describes the impact of COVID 19 outbreak on global Parking Management market across various geographies.
9. Chapter 13 describes the industry landscape analysis. It provides detailed description of various business activities, such as market initiatives, new developments, mergers and joint ventures, across the world.
10. Chapter 14 provides the detailed profiles of key companies operating in the global Parking Management market. The companies have been profiled based on their key facts, business description, products & services, financial overview, SWOT analysis, and key developments.
11. Chapter 15, i.e., the appendix is inclusive of the company overview, word index, contact information, and disclaimer section.

The List of Companies - Parking Management Market

Indigo Parking Service
Streetline
Flowbird Group
Parkmobile
TIBA Parking
Smart Parking Limited
T2 Systems
Swarco
Passport Inc.
Siemens AG

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Contact Us:
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About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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