openPR Logo
Press release

Parking Management Market - Advanced Technologies & Growth Opportunities In Global Industry By 2024

12-26-2016 02:47 PM CET | IT, New Media & Software

Press release from: TMR- Semiconductor

Parking Management Market - Advanced Technologies & Growth

Parking management comprises several programs and policies which result in effective utilization of parking services. The ever increasing global number of vehicles is worsening the issue of already acute shortage of parking space, especially in metropolitan areas. This is due to growing urban revitalization, explosive semi-urban development and an upward trend of mobility in our society. Drivers failing to find adequate parking space is at the base of traffic congestion problems. These problems pave the path for efficient and smart parking management systems that would provide advanced levels of automation and convenience to drivers, besides simplifying administrative functions and business operations of parking space owners.

The major driving factors enhancing the demand for developing parking management resources across large cities are technological advancement and the need for smooth flow of traffic. Parking systems are responsible for substantially bringing down connectivity costs and hardware costs, alongside being a source of revenue for owners of parking sites. Additionally, rising investments in projects of smart cities may also drive the market of parking management.

PDF Sample For Full Details with Technological breakthroughs is @ http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=15068

On the contrary, system integration is a restraining factor for this market. Sensitivity of cost to the operators of parking sites on behalf of the parking site owners may also be a key factor in preventing the growth of the parking management market. Nevertheless, the parking management market has been undergoing a shift in paradigm in the recent past, and now looks to optimize parking prices as well as supply. Furthermore, perennially growing traffic congestion and increasing adoption of smart parking infrastructures provide huge opportunity and immense potential for key players of the market in smart cities worldwide and even in the regional economies.

The worldwide parking management market can be segmented on the basis of applications, components, parking space, solutions. Based on applications, the market may be segmented into transportation sector, government sector and municipalities, educational institutes, recreation sector, healthcare, Banking, Financial services and Insurance sector, hospitality, commercial parks and the corporate sector. On the basis of components, the market is segmented into hardware, software and services. On-site parking and off-site parking are the two spaces where parking systems may be installed and used. The categories on the basis of solutions are security and surveillance, access control, revenue management and parking fee, valet parking management, parking reservation management, parking guidance, parking slot management, and parking enforcement and permit management solutions.

On the basis of geography, the parking management market may be categorized into regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The North American market generally accounts for majority of the market share. The upsurge in the figure of vehicles in the U.S. and Canada has proved vital in generating growth for the parking management market. Increase in the number of municipalities in growing economies such as China, India, Brazil and South Korea may be a cause behind the penetration of the parking management market in the Asia Pacific and Latin America regions. Furthermore, in European countries, the directives of the European Union to minimize environmental pollution are already favorably influencing the demand for installing new parking management systems.

The key players of the parking management market are Amano Corporation, 3M Company, Cubic Corporation, Kapsch TrafficCom, IBM Corporation, Siemens AG, Swarco Corporation, Skidata, Xerox Corporation, Tyco Security Products, TCS International Inc, Transcore LP,Integrapark LLC, Netpark LLC, Vodafone Group PLC, Complus Data Innovations Inc, Passport Parking LLC, Affiliated Computer Services and T2 Systems. These prominent vendors have been working on providing varied products with composite applications to effectively manage the parking demand generated.

Market Insight can be Viewed @ http://www.transparencymarketresearch.com/parking-management-market.html

Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

Transparency Market Research (TMR) is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Parking Management Market - Advanced Technologies & Growth Opportunities In Global Industry By 2024 here

News-ID: 401451 • Views:

More Releases from TMR- Semiconductor

Battery Management System (BMS) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024
Battery Management System (BMS) Market - Global Industry Analysis, Size, Share, …
Global Battery Management System Market: Overview A battery management system (BMS) is an electronic framework that deals with a rechargeable battery. The most vital function that a battery management system does is cell defense and thus it ensures long life of a battery. To guarantee that a battery's charge does not go beyond or under its limit, it has a defending unit called as lithium-ion protector, which protects the cell from
Digital Isolator Market - Offering Several Benefits Such As Power Savings And Higher Data Rates
Digital Isolator Market - Offering Several Benefits Such As Power Savings And Hi …
Digital isolators are complementary metal-oxide semiconductor (CMOS) circuit based isolators. They offer several benefits over traditionally used optocouplers, such as power savings and higher data rates among others. Isolation is incorporated for meeting various regulations, along with reducing noises and overall cost, among others. Selection of a digital isolator is generally based upon three factors, namely structure, insulating material used and data transfer method. While light from light emitting diodes
Optical Position Sensors Market to Exhibit 6.6% CAGR 2013-2023, Rising Demand fo …
Global Optical Position Sensors Market: Key Trends The emergence of virtual reality and smart devices has led to a substantial increase in the demand for optical position sensors globally. The market is driven by the increasing popularity of smart devices and the surge in their global demand. The increasing application of optical position sensors in automotive systems is another key driver leading to the growth of the global optical
Electricity Meters Market Expanding Impressive 18.7% CAGR due to Increasing Need …
The market is impressively growing due to the need for electricity meters as reliable and efficient power distribution setup systems. As smart meters can be used in both micro and macro-level applications in different industry verticals, they are widely implemented for various purposes. Considering in terms of revenue growth, the electricity meters market is expected to reach US$19.8 billion by 2018 from a global figure of US$4.0 billion in 2011.

All 5 Releases


More Releases for Parking

Connected Parking Solutions Market Forecast 2023-2030 | ShinMaywa, IHI Parking S …
The Connected Parking Solutions market is expected to grow at a CAGR of 15.6% from 2023 to 2030. The Connected Parking Solutions market is experiencing rapid growth, driven by the need for efficient and intelligent parking management in urban areas. This market encompasses a variety of technologies and services that aim to improve parking accessibility, reduce congestion, and enhance the overall parking experience for both consumers and operators. Connected parking solutions
Automated Parking Systems Market Is Booming Worldwide: Key Players ShinMaywa, IH …
Market Study Report presents latest report on global Automated Parking Systems Market, which evaluates the growth trends of the industry through historical study and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2022-2028. Global Automated Parking Systems Market Size was estimated at USD 2415 million in 2021 and is projected to reach USD 3221 million by 2028, exhibiting
Automated Parking Systems Market Statistics and Comprehensive Insights Outlook 2 …
Latest Study on Industrial Growth of Automated Parking Systems Market 2022-2028. A detailed study accumulated to offer Latest insights about acute structures of the Automated Parking Systems market. The report contains different market predictions related to revenue size, production, CAGR, gross margin, price, and other important factors. While highlighting the key driving and restraining forces for this market, the report also offers a broad study of the future trends and
Automated Parking Systems Market 2022 Insights with Statistics and Growth Predic …
The Automated Parking Systems market outlook looks extremely promising is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain, future roadmaps and its distributor analysis. The report provides pre COVID-19 historic data, the impact of the COVID-19, and also forecasts its recovery
Automated Parking Systems Market (2021): Huge Study, SWOT Analysis, Forecast to …
The report titled “Global Automated Parking Systems MARKET “is one of the most comprehensive and important additions to market research studies. It offers detailed research and analysis of key aspects of the Automated Parking Systems market. The market analysts authoring this report have provided in-depth information on leading growth drivers, restraints, challenges, trends, and opportunities to offer a complete analysis of the Automated Parking Systems market. Market Participants can use
What are the Growth Drivers of Automated Parking System Market? Kyline Parking A …
Market Study Report LLC recently added a new title on 2020-2026 Global Automated Parking System Market Report from its database. The report provides study with in-depth overview, describing about the Product, market size, share, Industry Scope and elaborates market outlook and status to 2026. The Automated Parking system market is on the surging trend considering the global scenario. The Automated Parking system market is primarily driven owing to surging number of