The global Cloud-based parking Management System Market has been on a significant growth trajectory, with a market size of USD 2.22 billion in 2022, and it is projected to reach an impressive value of USD 7.67 billion by 2030. This robust growth is forecasted to be underpinned by a steady revenue compound annual growth rate (CAGR) of 11% during the forecast period.
One of the primary drivers behind this remarkable expansion is the escalating need for effective Commercial Parking solutions in densely populated metropolitan areas. As urbanization continues at a rapid pace, cities are grappling with limited Commercial Parking spaces and increasing traffic congestion. Automated Commercial Parking stewardship systems offer a compelling solution to this problem by optimizing Commercial Parking space utilization and enhancing the overall efficiency of Commercial Parking operations. This, in turn, leads to reduced traffic congestion and less time wasted by drivers searching for Commercial Parking, contributing to improved urban mobility and a more sustainable urban environment.
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The COVID-19 pandemic has had a profound impact on various aspects of our daily lives, including how we interact with public spaces and facilities. One notable consequence of the pandemic has been the increased demand for contactless Commercial Parking solutions. With the need to minimize personal interaction and maintain social distancing measures, automatic Commercial Parking stewardship systems have emerged as a crucial tool in providing a frictionless Commercial Parking experience.
In the wake of the pandemic, the importance of reducing human-to-human contact has become imperative. Contactless Commercial Parking solutions offer a safe and efficient alternative to traditional Commercial Parking methods, where physical contact with ticket machines, payment kiosks, or Commercial Parking attendants was once the norm. These automatic Commercial Parking stewardship systems allow drivers to enter and exit Commercial Parking facilities without the need to roll down their windows, handle physical tickets, or engage in face-to-face interactions with attendants.
This shift in preference has led to a significant increase in the popularity of automatic Commercial Parking stewardship systems in various public areas. Hospitals, for instance, have embraced these solutions to ensure that patients, visitors, and healthcare staff can access Commercial Parking facilities without unnecessary contact. In retail establishments, where the safety of shoppers and employees is paramount, contactless Commercial Parking systems have become a valuable addition to enhance the overall shopping experience. Business buildings have also adopted these systems to facilitate safe and efficient Commercial Parking for employees and guests, minimizing the risk of virus transmission in common areas.
In conclusion, the COVID-19 pandemic has accelerated the adoption of contactless Commercial Parking solutions, elevating their importance in public areas such as hospitals, retail establishments, and business buildings. These systems not only promote safety by reducing personal interaction but also offer convenience and efficiency in Commercial Parking stewardship, making them a valuable asset in our efforts to navigate the challenges presented by the ongoing pandemic.
some leading companies operating in the global Cloud-based parking Management System Market.
Aisin Seiki Co. Ltd, KLA Corporation, Unitronics, Continental AG, Denso Corporation, Robotic Commercial Parking Systems Inc, Techman-Head Group, MHE-Demag (S) Pte Ltd, Boomerang Systems Inc, APS Automotion Commercial Parking Systems
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The global market is further segmented into type and application:
By Type Outlook
· Hardware
· Software
· Services
By Technology Outlook
· AGV-based
· Puzzle
· Conveyor
By End-Use Outlook
· Commercial
· Commercial
· Mixed-use
Regional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.
· North America (U.S., Canada, Mexico)
· Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
· Asia Pacific (China, India, Japan, South Korea, Rest of APAC)
· Latin America (Brazil, Rest of LATAM)
· Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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