Parking Management Market Size by Share, Upcoming Trends, Regional...

Parking Management Market Size by Share, Upcoming Trends, Regional Analysis and Forecast 2021-2030

Posted 2021-11-11 11:48:40

A new offering by Absolute Markets Insights entitled Parking Management Market offers in-depth insights, revenue details, and SWOT analysis which will help the organization to identify Strengths, Weaknesses, Opportunities, and Threats related to business competition. The report offers insightful and detailed information regarding the various key vendors operating in the Parking Management Market, their financials, supply chain trends, technological innovations, future strategies, key developments, acquisitions and mergers. The Parking Management Market report has been segmented on the basis of product type, service type, organization size, and region.

The global parking management solution market was valued at US$ 4563.12 MN in 2020 and is projected to grow at a CAGR of 7.9% over the forecast period. Increasing demand for automated parking assistance and vacant parking spot updates to ease parking and traffic congestion is expected to drive the growth of the global parking management solution market in the coming years.

By offerings, hardware segment accounted for the major market share in 2020.

By deployment mode, cloud segment is expected to grow at the fastest rate over the forecast period (2021 – 2030).

In 2020, off-street parking area accounted for the major market share in the global parking management solution market.

By solutions, parking access revenue control systems (PARCS) accounted for the highest market share in 2020 in the global parking management solution market.

Auto-identifying appropriate parking slots - be it reserved or pay-and-park registered for the highest market share in 2020 and is expected to grow at the fastest growth rate over the forecast period, under usage segment.

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The report offers a latest study about the current worldwide market development strategy, past and post covid-19 situation, by upcoming trends and drivers. The report on Parking Management Market offers qualitative along with quantitative study in terms of competition scenarios, market dynamics, opportunity analysis, market growth, industrial chain. The report provides key statistics on the market status of the Parking Management Market key players such as REEF TECHNOLOGY INC. in partnership with TIBA PARKING SYSTEMS, Indigo, Amano Corporation, VersionX Innovations Pvt Ltd, BePark, Infocomm Group LLC, SWARCO, Matrix Comsec, Neptune Automatic Pvt. Ltd and Omnitec Group, amongst others and is a valuable source of guidance and direction for companies and individuals interested in the Parking Management Market.

Reasons for Buying this Report

This report provides pin-point analysis for changing competitive dynamics
It provides a forward-looking perspective on different factors driving or restraining market growth
It provides a technological growth to understand the industry growth rate
It helps in understanding the key product segments and their future
It provides in-depth analysis of changing competition dynamics and keeps you ahead of competitors
It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
It provides characteristic graphics and represented SWOT analysis of major market segments

Impact of COVID-19:

The COVID 19 pandemic situation includes extensive analysis of key trend, application and kinds. The coronavirus epidemic perspective of varied market and geographic segments. Therefore, the report offers their market position and presence within the global market.

Segmentation of Parking Management Market:

By Offerings
- Software
  - Standalone
  - Integrated
- Hardware
- Services
  - Consulting Services
  - System Integration and Deployment
  - Support and Maintenance
  - Others
- By Deployment Mode
  - Cloud Based
  - On-Premise
- By Parking Area
  - Off-street
  - On-street
- By Solutions
  - Parking Meters, Sensor and Off Street Revenue Collection System
  - Parking Violation Enforcement
  - Parking Access Control
  - Revenue Management
  - Parking Enforcement System
  - Parking Wallet and Mobile Application
  - Parking Access Revenue Control Systems (PARCS)
    - Ticket Machines
    - Gate Arms
    - Payment Machines
    - Camera Systems
    - Others
  - Others
- By Usage
  - Auto-identifying Appropriate Parking Slots - be it reserved or pay-and-park
  - Auto-generating Parking Tickets
  - Levying Penalties
  - Others
- By Industry
  - Hotels and Hospitality
  - Healthcare and Hospital Campuses
  - Retail and Mixed Use
  - Education and Universities
  - Cities and Municipal Facilities
  - Airports
  - Others
- By Region:
- North America
  - S.
  - Canada
  - Mexico
  - Rest of North America
- Europe
  - France
  - The UK
  - Spain
  - Germany
  - Italy
  - Nordic Countries
    - Denmark
    - Finland
    - Iceland
    - Sweden
    - Norway
  - Benelux Union
    - Belgium
    - The Netherlands
    - Luxembourg
  - Rest of Europe
- Asia Pacific
  - China
  - Japan
  - India
  - New Zealand
  - Australia
  - South Korea
  - Southeast Asia
    - Indonesia
    - Thailand
    - Malaysia
    - Singapore
    - Rest of Southeast Asia
  - Rest of Asia Pacific
- Middle East & Africa
  - Saudi Arabia
  - UAE
  - Egypt
  - Kuwait
  - South Africa
  - Rest of Middle East & Africa
- Latin America
  - Brazil
  - Argentina
  - Rest of Latin America