Parking Management Market is Expected to Exceed US$ 9.0 Billion by 2021
The parking management market is expected to exceed more than US$ 9000 million by 2021.
Browse Full Report:
The number of vehicles are growing on road rapidly which increases problem regarding to the shortage of parking space. Scarcity of parking spaces or parking problems is increasing globally so that parking management is best solution for this problem. Parking management contains various solutions such as it provides information of current parking space existence which results in less traffic congestion to the driver. It also provides efficient and effective use of parking spaces.
The major driving factors of parking management market are as follows:
Requirement of smooth traffic flow
Falling connectivity and hardware costs
The restraining factors of parking management market are as follows:
Cost sensitivity of parking space machinists
The parking management market is segmented on the lines of its software, system device, and service, parking site type, solutions and verticals. Based on software segmentation it covers payment system and information system. Under system device segmentation it contains automated gates, surveillance cameras and digital video recorders, radio frequency identification transponders, ultrasonic occupancy sensors, handheld ticket writers and parking management meters. The parking management market is segmented on the lines of its services like maintenance and support and deployments and customization. Based on parking site type segmentation it covers off street parking and on street parking. Under solution segmentation it covers parking guidance and slot management, parking enforcement and slot management, valet parking management, parking reservation management, security and surveillance, parking and revenue management and access control. Parking and revenue management is further segmented into pay by plate, smart card based and coin based. Access control segmentation covers LPR based automatic vehicle identification, ID management and biometric. Under verticals segmentation it covers BFSI, corporate and commercial parks, retail, hospitality, healthcare, recreations, transportation transits, government and municipalities and academia. The parking management market is geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geography market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.
This report provides:
1) An overview of the global market for parking management and related technologies globally.
2) Analysis of global market trends, with data from 2013, estimates for 2014 and 2015, and projections of compound annual growth rates (CAGRs) through 2021.
3) Identifications of new market opportunities and targeted promotional plans for parking management.
4) Discussion of research and development, and the demand for new products and new applications.
5) Comprehensive company profiles of major players in the industry.
The scope of the report includes a detailed study of global and regional markets for various types of parking management solutions with the reasons given for variations in the growth of the industry in certain regions.
The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include Tyco Security Products (Nedap AVI), 3M Company, Siemens AG, HCL Technologies Ltd., TCS International Inc, Integrapark, LLC, Complus Data Innovations, Inc., Amano Corporation, Passport Parking, LLC, TransCore LP, Vodafone Group PLC, Affiliated Computer Services, Group Techna, Inc., Netpark, LLC, Data Ticket, Inc., Parkopedia Inc. and Energy Development Corporation. Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.
The Top Companies Report is intended to provide our buyers with a snapshot of the industry’s most influential players.
The Parking Management Market has been segmented as below:
By Software Analysis
By System Device Analysis
Surveillance cameras and digital video recorders
Radio frequency identification transponders
Ultrasonic occupancy sensors
Handheld ticket writers
Parking management meters
By Service Analysis
Maintenance and support
Deployments and customization
By Parking site type Analysis
Off street parking
On street parking
By Solution Analysis
Parking guidance and slot management
Parking enforcement and slot management
Valet parking management
Parking reservation management
Security and surveillance
Parking and revenue management
Pay by plate
Smart card based
LPR based automatic vehicle identification
By Verticals Analysis
Corporate and commercial parks
Government and municipalities
By Regional Analysis
Rest of the World
Reasons to Buy this Report:
1) Obtain the most up to date information available on all parking management market globally.
2) Identify growth segments and opportunities in the industry.
3) Facilitate decision making on the basis of strong historic and forecast of parking management market data.
4) Assess your competitor’s refining portfolio and its evolution.
Market Research Engine is a global market research and consulting organization. We provide market intelligence in emerging, niche technologies and markets. Our market analysis powered by rigorous methodology and quality metrics provide information and forecasts across emerging markets, emerging technologies and emerging business models. Our deep focus on industry verticals and country reports help our clients to identify opportunities and develop business strategies.
Company Name: Market Research Engine
Contact Person: John Bay
Phone: +1-855-984-1862, +91-860-565-7204
Country: United States
Address: 3422 SW 15 Street, Suite #8942, Deerfield Beach, FL 33442, United States
This release was published on openPR.
Permanent link to this press release:
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 is Expected to Exceed US$ 9.0 Billion by 2021 here
News-ID: 526621 • Views: 388
More Releases from Market Research Engine Study
Concrete Floor Coatings Market is Expected to Cross US$ 1.0 Billion Globally by …
The application segments include indoor and outdoor applications. The indoor application include garages, walkways, pathways, driveways, patios coating etc, and outdoor application include floor coatings for offices, commercial spaces, residential coating. Indoor was the leading application market for concrete floor coatings in 2014. Indoor is also expected to be the fastest growing application market for concrete floor coatings during the forecast period. Browse Full Report @: https://www.marketresearchengine.com/reportdetails/concrete-floor-coatings-market How Big is the Global
Reactive Adhesives Market to Rise at a CAGR of 6.0 % by 2022
This market is driven by a number of factors, such as increasing demand for light-weight vehicles, rapid growth of solar electricity market, and global construction sector. However, this market faces certain drawbacks and these factors may act as a roadblock to the growth of the market. We have stated such market restraint points in this report. Browse Full Report @: https://www.marketresearchengine.com/reportdetails/reactive-adhesives-market-analysis How Big is the Global Reactive Adhesives Market? The Global Reactive Adhesives
Glyphosate Market is Expected to Reach US$ 10.0 Billion Globally by 2021
Glyphosate is used to control a variety of plants in agriculture and gardening, on grasslands and in aquatic environments, and herbicides that contain glyphosate are available in just about every hardware store. More than 300 glyphosate herbicides from more than 40 different companies are currently registered for sale in Europe. Although the main global market for glyphosate is agriculture, glyph sate is also used to improve visibility and manage weed
Plasma Protein Therapeutics Market is Expected to Reach US$ 31 Billion Globally …
The plasma protein therapeutics market is segmented on the lines of its product type, application and regional. Under product type segmentation it covers C1 esterase inhibitors, albumins, immunoglobulin’s and coagulation factors. Based on application segmentation the plasma protein therapeutics covers hereditary angioedema, hemophilia, primary immune deficiency disorder, secondary immune deficiency, idiopathic thrombocytopenic and others such as Kawasaki disease, GBS, CIDP etc. Browse Full Report @: https://www.marketresearchengine.com/reportdetails/plasma-protein-therapeutics-market-report How Big is the Global Plasma
More Releases for Parking
Parking Management Market
The global parking management market is expected to grow to US$ 58.5 Bn by 2027 from US$ 37.6 Bn in 2017. As per ACEA (European Automobile Manufacturers Associations), parking management refers to the adoption of various strategies and subsequently technology-enabled solutions that facilitate in efficient use of parking resources. Further, the effective implementation of the strategy results in the reduced number of parking space required by the facility based on the
Global Smart Parking Market
Global Smart Parking Market size will grow from USD 2.71 Billion in 2017 to USD 7.32 Billion by 2023, at an estimated CAGR of 18%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023. The market is driven by factors such as limited parking space availability, a growing number of accidents caused by vehicles reversing out of parking spaces and growing
SimplyGuest launched Parking Marketplace to solve Parking Woes of Bangaloreans
Need a safe place for your four-wheeled buddy? Find long-term parking in convenient locations here! Ten Second Takeaway If you don’t have a safe, covered parking space for your car at home, SimplyGuest is a platform through which you can find owners willing to rent out such spaces in several major locations. A Safe Place With the monsoon all set to roll into the city soon, you might be worried about not having a safe
Smart Parking Systems Market: Off-street Parking Demand Soars
The staggering amount of vehicles coming on to roads around the world calls for advanced methods for parking. Traffic and parking problems are on the rise and people are finding lesser space for either. This is creating a high level of discomfort, fuel wastage, and high levels of emissions. Urban and city parking has therefore become a major concern for both developed and emerging nations, forming the primary driver leading
Why Choose Sydney Airport Parking Instead Of Traditional Airport Parking
Nowadays, people are becoming increasingly involved in air travel. No matter if you're considering a family holiday or a business trip, Sydney airport parking affords way better options than traditional airport parking. Air travel is more popular than ever as more and more people are using airports to move from one place to another. Airports are busy places and they need to make some improvements. Due to the increased number of
Automated Parking Systems Market to 2021 - Analysis of CityLift Parking, KLAUS M …
MarketResearchNest.com adds “Global Automated Parking Systems Market 2017-2021” new report to its research database. The report spread across 83 pages with table and figures in it. Research analysts forecast the global automated parking systems market to grow at a CAGR of 11.42% during the period 2017-2021. About Automated Parking Systems The global parking systems market comprises robotic (AGV-based system), semi-automated, as well as fully-automated parking systems that are used in residential, commercial, and