The global parking management market size reached USD 3.77 Billion in 2020 and is expected to register a CAGR of 8.1%, during the forecast period, according to latest analysis by Emergen Research. Increasing need for more effective use of parking areas is expected to drive global parking management market revenue growth during the forecast period. In addition, rising number of vehicles globally is expected to propel growth of the global parking management market revenue going ahead.
Furthermore, increasing adoption of Artificial Intelligence (AI) based services is expected to boost global parking management market growth. However, high deployment cost of parking management solutions is expected to hamper global parking management market growth to some extent during the forecast period.
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A novel report on global Parking Management market is offering current developments and emerging trends of the market. The report offers a comprehensive overview of the market along with details about market size, market share, revenue growth, and top companies. The report covers all crucial and essential information related to global Parking Management market to help readers, investors, clients to gain a thorough understanding of the market and invest accordingly. Various advanced statistical tools such as SWOT analysis or Porter’s Five Forces are used in the report.
The primary aim of the report is to offer market overview, product scope, growth prospects, and risks. The report also offers in depth information about each player in the global Parking Management market along with its global standing, financial status, product launch, business expansion plans among others. The market players are focused on developing various strategies such as partnerships, mergers and acquisitions, joint ventures, product launches, and research and development investments.
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Key players involved in the market such as Amano Corporation, Siemens AG, Conduent Inc., T2 Systems, Inc., APCOA Parking AG, IPS Group, Inc., FlashParking, Inc., Q-Free ASA, ParkMobile USA, Inc., and Cleverciti Systems GmbH
The report also covers the scope of individual applications and types in each region. The report also covers details about production and consumption patterns, technological developments, revenue growth, market size, market share, key trends and demands influencing market growth in the region, and robust presence of key players in the region.
Emergen Research has segmented the global parking management market on the basis of offering, services, solutions, deployment, parking site, end-use, and region:
Offering Outlook (Revenue, USD Billion; 2018–2028)
Services
Solutions
Service Outlook (Revenue, USD Billion; 2018–2028)
Support & Maintenance
System Integration
Consulting
Solution Outlook (Revenue, USD Billion; 2018–2028)
Security & Surveillance
Valet Parking
Parking Reservation
Revenue Management
Access Control
Others
Deployment Outlook (Revenue, USD Billion; 2018–2028)
Cloud
On-premises
Parking Site Outlook (Revenue, USD Billion; 2018–2028)
Off-street
On-street
End-use Outlook (Revenue, USD Billion; 2018–2028)
Commercial
Transportation
Government
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Regional segmentation comprises of a current and forecast estimation of the market in the key geographical regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Regional Outlook of Parking Management Market:
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
Italy
France
BENELUX
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
U.A.E.
South Africa
Rest of MEA
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