Parking Management Market Key Ventures: Trends, Drivers, and Constraints Analysis
This parking management market research report provides an assessment of key trends set to impact publishers and developers across key market sectors. It discusses the segmentation of the global market in order to present to readers a comprehensive picture of the markets current condition, in addition to an extensive analysis of the market drivers and restraints and other economic factors affecting its growth over the forecast period. The parking management market report delivers key ideas to readers about the likely development trajectory of the global earthmoving equipment market and how they stand to prosper from the markets movement
The research analyst performs unbiased measurement and assessment of the market opportunities to mention the detailed data in the parking management market report. Our team of key opinion leaders evaluates the market size, growth prospects, end use applications, value and supply chain and top vendors in the industry to help the clients to take conversant business decisions without any vague assumptions.
Data Bridge Market Research analyses that the parking management market will exhibit a CAGR of 7.10% for the forecast period of 2021 to 2028 and is expected to reach the market value of USD 6,381.71 million by 2028
Definition
Parking is an important element of the transportation system. Parking management is specially designed so as to handle the different programs and policies to make the best use of parking resources.
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Key Growth Drivers:
The proliferation of mobile and smartphones is the major factor accelerating the growth of the parking management market for the forecast period of 2021 to 2028. Furthermore, the rising urban population to actuate smart parking management, rise in the motor vehicle sales across the globe, high demand for seamless traffic flow and reduction in fuel consumption, rise in the demand for optimum utilization of parking spaces and high adoption of cloud, IoT, and data analytics technologies are also expected to drive the growth of the parking management market. However, the system integration complexities and high implementation costs restrains the parking management market, whereas, the data security and privacy issues related to IoT devices and disruption in logistics and supply chain of IoT devices will challenge parking management market growth in the above mentioned forecast period.
- In addition, increasing smart city initiative across the globe, advent of autonomous cars and the high demand for innovative parking management solutions will create ample opportunities for the parking management market.
The report emphasizes the participation of key entities, notably:
- Streetline, Inc.
- APCOA Parking AG
- National Car Parks Ltd.
- ParkMe, Inc.
- ACE PARKING MANAGEMENT, INC.
- Siemens AG
- 3M
- Xerox Corporation
- SP Plus Corporation
- Q-Park
- JustPark
- LAZ Parking
- Conduent, Inc.
- The Kapsch Group
- Robert Bosch GmbH
- Continental AG
- Valeo
- Delphi Technologies
- AISIN SEIKI Co. Ltd.
- Cubic Corporation
- Amano Corporation
- Kapsch TrafficCom AG
- AppyParking
- Smart Parking Ltd
- TKH GROUP
- Nedap N.V.
Major Points in the Report
- Understanding the entirety of the parking management marketlandscape thoroughly.
- Exploring the leading entities in this sector, delving into their range of products and core approaches.
- Examining the prominent geographical areas where parking management marketdemonstrates significant growth.
- Keeping abreast of the latest shifts and advancements within the industry.
- Identifying specific areas or markets with high potential and promising expansion opportunities.
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Key Market Segmentation
By Component (Software, Software, Service), Parking Site (Off Street Parking, On Street Parking), Deployment Type (Cloud, On-premises), Vertical (Retail, Transportation, Corporate and Commercial Parks, Hospitality, BFSI, Recreation, Healthcare, Academia, Government, Others)
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