Parking Management Market was valued at US$ 3.35 Bn. in 2021 and is expected to reach US$ 8.31 Bn. by 2029, at a CAGR of 12% during a forecast period.
Parking Management Market Overview:
In-depth analysis of the key competitors is included in the Parking Management Market report, along with pricing analysis, company plans, scenarios for micro and macro markets, and current market conditions. It is easier to understand the market potential for graphene nanoplatelets in each nation using the report’s geographic insights.
Parking Management Market Report Scope and Research Methodology:
The Parking Management Market research provides in-depth understanding of market dynamics, trends, geographical insights, the competitive landscape, and a list of the leading rivals. The important changes that are most likely to have an effect on the sunglasses market in the near future are examined through market research. These statistics are used to pinpoint the competitive landscape and elements that influence the fertiliser market in India.
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Parking Management Market Regional Insights :
The report includes representation from the following regions: North America (the United States, Canada, and Mexico), Europe (the UK), Asia Pacific (China, India, Japan, Australia, South Korea, and ASEAN Countries), South America (Brazil), the Middle East, and Africa.
Parking Management Market Segmentation:
Based on solution, Access control, security & surveillance, revenue management, parking reservation management, and others are all segments of the parking management market. In 2021, the revenue management category led the market, accounting for USD 686.2 million in revenue. Revenue management solutions are in high demand since they assist in determining the correct pricing for all car parks by offering a visual representation of the price rates. These technologies also assist facility providers in comparing their prices to those of competitors, allowing them to gain revenue.
Based on application, in 2021, the government segment dominated the market. In the government sector, there is a strong need for effective car park management solutions due to the requirement to establish safe, clean, and efficient public parking facilities across cities. The need for intelligent solutions is increasing in tandem with the growing number of smart city projects. Governments around the world are implementing car park management solutions in response to rising traffic challenges caused by a scarcity of parking spots. The Dutch Ministry of Infrastructure and Water Management, for example, planned to invest USD 101 million by 2021, in collaboration with local governments and national and international organizations. To develop and deploy novel traffic applications, the Dutch Ministry formed agreements with traffic solution providers, car firms, and telecommunications and internet providers.
Based on parking site, the market is divided between on-street and off-street parking based on the parking location. The off-street part is the most important. Increased adoption of mobile applications, enhanced ticketing and payment solutions for parking advice, and the introduction of assistive devices are all contributing to the off-street segment’s growth. Both short- and long-term consumers use the off-street parking schemes. Various governments are investing heavily in off-street parking management technologies in order to reduce traffic congestion on roads.
by Solution
• Access Control
• Security & Surveillance
• Revenue Management
• Parking Reservation Management
• Valet Parking Management
• Other
by Service
• Consulting Services
• System Integration & Deployment
• Support & Maintenance
by Parking Sites
• On-street
• Off-street
by Application
• Transport Transit
• Commercial
• Government
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Parking Management Market Key Players:
• Amano Corporation
• Q-Free ASA
• Indigo Park Services
• Chetu, Streetline
• SWARCO
• T2 Systems
• SKIDATA
• Flowbird Group
• GROUP Indigo
• Siemens
• Bosch Group
• Conduent
• APCOA PARKING
• Precise ParkLink
• FlashParking
• Passport Labs
• ParkMobile
• SpotHero
• Get My Parking
• INRIX
• IPS Group
• Smart Parking
• TIBA Parking Systems
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Key questions answered in the Parking Management Market are:
What is the expected Parking Management Market size by the end of the forecast period?
What are the upcoming industry applications and trends for the Parking Management Market ?
What are the factors contributing to the final price of Parking Management Market ?
What are the recent industry trends that can be implemented to generate additional revenue streams for Parking Management Market ?
How is the intervention from regulatory authority is shaping the Parking Management Market ?
What growth strategies are the players considering to increase their presence in Parking Management Market ?
Who are the leading companies and what are their portfolios in Parking Management Market ?
Who held the largest market share in Parking Management Market ?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segments with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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