Press release
Next-Gen Parking Solutions : Market Forecast for Fully Automated Management Systems (2023-2032)
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COVID-19 scenario Analysis:
The pandemic has experienced a negative impact on the global fully automated parking management system market size for the year 2020 due to unavailability of workforce and cash flow problems, a major deviation is noticed in the growth of fully automated parking systems manufacturers mainly due to coronavirus.
The vendors in fully automated parking management system industry across the globe is affected severely due to the restrictions on producers as well as the declared lockdowns which in turn is affecting the demand for the fully automated parking management system worldwide.
Global fully automated parking management system is an evolving sector which is hampered due to coronavirus which in turn has caused a major shutdown in the production and installation process for the fully automated parking management system manufacturers across the affected countries & all type of operations were disrupted owing to the pandemic.
Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
Demand for green & sustainable parking solutions, time consumed in the search of parking spaces and less parking spaces due to rising urbanization are driving the growth of the market. However, high complexity of the system integration and issues with quality control is expected to hamper the growth of the market.
Contrarily, initiative of developing smart cities and increasing demand for luxury residential buildings can be seen as an opportunity for the market investments.
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The fully automated parking management system market trends are as follows:
Time consumed in the search of parking spaces
Currently, finding an unoccupied parking space during office hours has become a tremendous task for drivers in zones such as hotels, exhibitions & convention centers, hospitals, shopping centers, airports, universities and offices.
Furthermore, the constant rise in the number of vehicles worldwide is creating a constant problem related to the parking in residential as well as commercial areas.
The problem of minimizing the time consumed can be solved by using enhanced feature such as alert of available space on the infotainment display of the car using smart parking technology. Moreover, the parking management system reduces the amount of time spend by driver for finding out the available parking slot and automate the procedure of searching the whole parking floor.
Therefore, time consumed in the search of parking spaces, will foster the market growth for the fully automated parking management system during the forecast period.
Key benefits of the report:
This study presents the analytical depiction of the fully automated parking management system industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with challenges of the fully automated parking management system market.
The current market is quantitatively analyzed to highlight the fully automated parking management system market growth scenario.
We can also determine parking system will remain a significant revenue shareholder in the fully automated parking management system market through the predictable future.
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Questions answered in the fully automotive parking management system market research report:
Which are the leading market players active in the fully automated parking management system market?
What are the current trends that will influence the market in the next few years?
What are the driving factors, restraints, and opportunities in the market?
What are the projections for the future that would help in taking further strategic steps?
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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