Parking Management Market By Type Solutions, Services, Consulting, System Integration and Deployment, Support and Maintenance
A freshly produced report on “Parking Management is segmented by major applications (Off-street Parking, On-street Parking), key regions, by product types (Solutions, Services, Consulting, System Integration and Deployment, Support and Maintenance) and fundamental market players: Global Parking Management Market outline, study prospects and predicted to 2025.” Reportedly, the worldwide Parking Management market size was estimated as xx million US$ in 2018 and thereafter it will be assumed to grab xx million US$ by the end of 2025, along with an emerging CAGR of xx% during forecast session.
Parking management is said to be a blend of several programs as well as policies for generating efficient use of various parking resources. With the rising urbanization in the metropolitan arenas, there is a huge demand for growing number of vehicles and therefore, the need for parking management is must. The key drivers for the Parking management market is anticipated to mainly focusing on absolute traffic flows, huge drop in fuel consumption, and parking worries due to increasing motor vehicle sales. Concerns about the security, safety and connectivity are other vital elements that are driving the parking management market growth. Whereas, the complexity in system integration could be the major restraining factor for the growth of the industry.
Along with the growing adaption of pay per use parking model as well as numerous smart city initiatives across the world have recorded the massive demand for the Parking Management System. As the number of vehicles in smart cities is increasing, it also offers rise to the Global Parking Management market requirement. And that’s why, sufficient parking facility has now become an integral element for building and road infrastructure. The maintenance and establishment of these parking benefits is greatly capital-intensive. Hence, the building officials are looking forward for the pay per use model in order to facilitate revenue using these parking benefits.
The Global Parking Management report is specifically focusing on the market status, essential players, various growth opportunities and future forecast. The key objective of the study is to showcase the Parking Management market development in Europe, China and United States. The global governments in the regions are describing new guidelines for exhibiting the modern parking facilities’ development. The report is firmly categorized by region, application, foremost players and type. The North America parking management industry is anticipated to hold the greatest market share over the predicted period. While, Asia-Pacific parking management market will gain an important growth over the projected timeframe. The manufacturers operating in this market are making partnerships with automakers for developing advanced parking assistance solutions.
Take a look at an in-depth segmentation of the Global Parking Management Market:
Global Parking Management Market: Supreme Market Vendors
• Indigo Park Services
• T2 Systems
• TIBA Parking
• Smart Parking
• Bosch Mobility Solutions
• GET MY PARKING
Global Parking Management Market: By Product Type
• System Integration and Deployment
• Support and
Global Parking Management Market: By Applications
• Off-street Parking
• On-street Parking
Global Parking Management Market: By Regions/Countries
• United States
• Southeast Asia
• Central & South America