|08-16-2017 01:19 PM CET - IT, New Media & Software||
The Parking Management Market shows signs of renewed vigor in economies worldwide
Press release from: Big-Research
Big Market Research added a report on “Global Parking Management Market: Size, Trend, Share, Opportunity Analysis & Forecast, 2014-2025”
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Parking management includes numerous agendas and guidelines which result in effective operation of parking services. The increasing usage of vehicles across the globe worsens the issue of shortage of parking space, especially in the metropolitan cities. Proper parking management can resolve the problem of traffic congestion and other transportation-related problems. Therefore, the need for a well-organized and smart parking system is growing. Nowadays, the advanced parking management systems provide a high level of convenience to the drivers, which in turn helps in automating and simplifying the business operations and other functions at the parking site. The global parking management market is expected to grow at a CAGR of around 10% from 2017 to 2025.
Based on solution, the market is divided into security and investigation, access control & management solutions, parking controls, valet parking management, and parking slot management. Based on site type, the parking management market is sub-divided into on-street parking, and off-street parking. According to services, it is categorized into professional services and managed services. Based on application, the market is categorized into aerospace and defense, energy & utilities, oil & gas, retail and consumer goods, healthcare, financial & insurance, and others. Geographic breakdown and deep analysis of each of the aforesaid segments is included for North America, Europe, Asia-Pacific, and LAMEA.
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Concern for safety, security, and connectivity boosts the use of parking management solutions
Need for smooth flow of traffic
Increased production of vehicles leading to parking concern
High implementation cost
Lack of system integration
The top players in the global parking management market include Siemens AG, XEROX Corporation, AMANO Corporation, SWARCO AG (Austria), INRIX, Inc., Kapsch TrafficCom AG, Cubic Corporation, T2 Systems, Inc., INDIGO (France), and SKIDATA AG (Austria).
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o Security and Investigation
o Access Control & Management Solutions
o Parking Controls
o Valet Parking Management
o Parking Slot Management
By Site Type
o On Street Parking
o Off Street Parking
o Aerospace & Defense
o Energy & Utilities
o Oil & Gas
o Retail & Consumer Goods
o Financials & Insurance
o Professional Services
o Managed Services
• North America
o Saudi Arabia
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