Parking Management Market Trend 2022-2030 Research Report on Global professional and comprehensive report on the Parking Management Market The report monitors the key trends and market drivers in the current scenario and offers on the ground insights.
Global “Parking Management Market“ (2022-2030) report provides an in-depth market evaluation by highlighting information on various aspects covering global drivers, barriers, opportunities, threats and markets including progress trends, competitive landscape analysis, and expansion status of key regions. This report is a comprehensive numerical analysis of the Parking Management industry and provides data to make strategies for increasing market growth and success. The report also estimates market size, Price, Revenue, margin of profit and Parking Management Market Share, cost structure and growth rates for decision making.
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Parking Management Market Insight:
Parking Management Market: Market Segments: By Component (Solution and Services); By Parking site (Off-street Parking and On-street Parking); By Deployment Type (On-premises and Cloud); By Application (Transport Transit, Commercial and Government); and Region Global Analysis by Market Size, Share and Trends for 2014 2020 and Forecasts to 2030
Product Overview
Parking management systems help people find parking spaces easily and provide the appropriate instructions to make the whole process seamless, minimize frustration and enhance the experience of visitors. Parking management services include traveler information systems, real-time vehicle monitoring, video surveillance, real-time parking warnings, and convenient choices for payment.
Market Highlights
Parking Management Market is expected to project a notable CAGR of 7.5% in 2030.
Parking Management Market to surpass USD 58.9 billion by 2030 from USD 32.6 billion in 2019 at a CAGR of 7.5% throughout the forecast period, i.e., 2020-30. The demand for parking management is expected to flourish in the coming years since many governments in developing countries are attracting foreign direct investment (FDI) to optimize traffic congestion and increase parking operations
Parking Management Market: Segments
Off-street Parking segment to grow with the highest CAGR during 2020-30
Parking Management Market is segmented by parking site as on-street and off-street parking. The greater market share in 2019 was accounted by On-Street Parking segment. On-street parking management is required to accomplish targets using a variety of methods, including spaces where parking is permitted and prohibited by designing parking spaces and facilities and signage, restricting access to certain classes, enforcing a time limit, charging fees to enforce compliance with all agreements, and measuring progress.
Parking Management Market: Market Dynamics
Drivers
Increasing Need of Traffic Management and Fuel Saving
With parking operators operating their entire infrastructure on a hyper-scale public cloud, it allows them the opportunity to scale up when and when needed, in addition to access to new technology and an enhanced degree of mobility in a full pay-as-you-go model. The Parking Index and Parking turnover is also high and rising with positive growth rates as a result of off-street parking. As developers end up constructing additional spaces in compliance with legislation about the size and amount of parking spaces, some parking spaces remain unused.
Restrain
Security Concerns and Complexity in System Integration
Different hardware sensors, real-time messaging systems, traffic control software, wireless and wired telephone systems, computer servers, and application interfaces are part of parking management. The diversity and variability in the hardware infrastructure and software systems for parking management is immense. In order to enforce the definition of dynamic priced parking, the collection and analysis of parking data from various systems is also important.
Parking Management Market: Key Players
– DEPLOT
– Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence and SWOT Analysis.
– Bond Traffic Solutions
– FlashParking, Inc.
– TIBA Parking
– Infocomm Group LLC
– Passport Inc.
– Nex Valet LLC
– Amano McGann
– SAP SE
– Q-Free ASA
– Parkmobile USA Inc.
– Siemens AG
Parking Management Market: Regions
Parking Management Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC and MENA.
Parking Management Market in North America held the largest market share of in the year 2018 and as constitutes of developed economies, such as the US and Canada. Large IT companies and rapid technological developments, such as digitalization in the US and Canada, are driving market growth in this area. Those countries’ well-established economies allow the region to invest heavily in leading solutions and services for parking management. Several parking infrastructure schemes in the city are currently underway. Over the next six years, Asia Pacific is projected to emerge as the fastest-growing regional market. Growing government spending on building smart cities can be attributed to the development of this regional sector. Over the next six years, Asia Pacific is projected to emerge as the fastest-growing regional market. The growth of this regional market can be attributed to increased government expenditure on smart city development.
Parking Management Market report also contains analysis on:
Parking Management Market Segments:
By Component:
– Solutions
– Access Control
– Security and Surveillance
– Revenue Management
– Parking Reservation Management
– Valet Parking Management
– Other
– Services
– Consulting Services
– System Integration and Deployment
– Support and Maintenance
By Parking site:
– Off-street Parking
– On-street Parking
By Deployment Model:
– On-premises
– Cloud
By Application:
– Transport Transit
– Commercial
– Government
– Parking Management Market Dynamics
– Parking Management Market Size
– Supply and Demand
– Current Trends/Issues/Challenges
– Competition and Companies Involved in the Market
– Value Chain of the Market
– Market Drivers and Restraints
FAQs on Parking Management Market
– Which segment is anticipated to hold the largest market share?
– At what CAGR is the market anticipated to grow between 2020 and 2030?
– Who are the key players in the Parking Management Market?
– What could be the challenging factors in the growth of Parking Management Market?
– What are the growth drivers for the Parking Management Market?
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Market Overview:
The globalParking Managementmarket size is segmented on the basis of application, end user, and region, with focus on manufacturers in different regions. The study has detailed the analysis of different factors that increase the industries growth. This study also provides the scope of different segments and applications that can potentially influence the industry in the future. Pricing analysis is covered in this report according to each type, manufacturer, regional analysis, price.Parking ManagementMarket Share report provides overview of market value structure, cost drivers, various driving factors and analyse industry atmosphere, then studies global outline of industry size, demand, application, revenue, product, region and segments. In addition, this report introduces market competition situation among the distributers and manufacturers profile, besides, market value analysis and cost chain structure are covered in this report.
TheParking Managementmarket has witnessed growth from USD milliontill2022. With the CAGR of, this market is estimated to reach USD million in 2030.The report focuses on theParking Managementmarket size, segment size (mainly covering product type, application, and geography), competitor landscape, recent status, and development trends. Furthermore, the report provides detailed cost analysis, supply chain. Technological innovation and advancement will further optimize the performance of the product, making it more widely used in downstream applications. Moreover, Consumer behaviour analysis and market dynamics (drivers, restraints, opportunities) provides crucial information for knowing theParking Managementmarket.
Parking Management Market Trend for Development and marketing channels are analysed. Finally, the feasibility of new investment projects is assessed and overall research conclusions offered. Parking Management Market Report also mentions market share accrued by each product in the Parking Management market, along with the production growth.
Top countries data covered in this report:
- North America (United States, Canada and Mexico)
- Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
- South America (Brazil etc.)
- Middle East and Africa (Egypt and GCC Countries)
What our report offers:
- Parking Management Market share assessments for the regional and country-level segments.
- Strategic recommendations for the new entrants.
- Parking Management Market forecasts for all the mentioned segments, sub-segments, and the regional markets.
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations).
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- Strategic recommendations in key business segments based on the market estimations.
- Competitive landscaping mapping the key common trends.
- Company profiling with detailed strategies, financials, and recent developments.
- Supply chain trends mapping the latest technological advancements.
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Table of Content:
1. Executive Summary
2. Parking Management Market
2.1. Product Overview
2.2. Market Definition
2.3. Segmentation
2.4. Assumptions and Acronyms
3. Research Methodology
3.1. Research Objectives
3.2. Primary Research
3.3. Secondary Research
3.4. Forecast Model
3.5. Market Size Estimation
4. Average Pricing Analysis
5. Macro-Economic Indicators
Continued . . .
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