Data Bridge Market Research in its report titled of Parking Management Market offers comprehensive insights and detailed research on this market. The report covers the key factors that are propelling the growth of the Parking Management market, untapped lucrative opportunities for manufacturers, latest trends and latest developments that are shaping the growth of the market and other valuable insights across different market segments.

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.

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Parking Management Market Overview:

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.

This parking management market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on parking management market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Top Leading Key Players of Parking Management Market:

The major players operating in the parking management market report are 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, ParkMe, Inc., 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, and Nedap N.V., among others.

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Global Parking Management Market Scope and Market Size

The parking management market is segmented on the basis of component, parking site, deployment type, and vertical. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.

  • On the basis of component, the parking management market is segmented into software, solution, and service. Software is further segmented into parking payment systems, and parking Information systems. Solution is further segmented into parking guidance solution, parking reservation management, parking permit management, parking enforcement management, parking access and revenue control (PARC), parking security and surveillance and parking analytics. Service is further segmented into support and maintenance, and deployment and customization.
  • On the basis of parking site, the parking management market is segmented into off street parking, on street parking.
  • On the basis of deployment type, the parking management market is segmented into cloud, and on-premises.
  • On the basis of vertical, the parking management market is segmented into retail, transportation, corporate and commercial parks, hospitality, BFSI, recreation, healthcare, academia, government, and others.

Parking Management Market Country Level Analysis

The countries covered in the parking management market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

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