123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Business >> View Article

Global Parking Management Market

Profile Picture
By Author: geeta narwade
Total Articles: 190
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

Global Parking Management Market is likely to grow at CAGR of around 8 % and will exceed over USD XX billion by 2026.

Global Parking Management Market

Global Parking Management Market growth is primarily driven by increasing vehicles and traffic flow, decreased fuel consumption. Rising demand for safety of pedestrians, concerns on reducing pollution, and increasing demand of smooth traffic movement also drive the Parking Management market through the forecast period.
Further, increasing demand for off-street parking spaces including indoor and outdoor, managed by private organisations also drive the market.

Global Parking Management Market Overview, By Region

North America expected to have larger market due to the high investment for the infrastructure facilities, rising need for better driver and commuter convenience. Increasing population, rising vehicle sales, and changing parking regulations also drive the market for parking management through the forecast period. Acceptance of the smart cities in the countries such as U.S. and Canada also drive the market for parking management. Asia-Pacific is expected to have higher growth rate through 2026 due to increasing number of municipalities in developing economies such as India, China, Brazil, and South Korea.

 Global Parking Management Market Overview, By Type

Solutions type segment had highest market share in 2016. The solution helps parking operators to manage in and out of vehicles in parking facilities and empowers them to take full control over the parking revenue. These advantages of solutions drive the market for parking management systems through the forecast period.

Global Parking Management Market Overview, By Parking Site

Offsite parking management system market segment is expected to grow at a high rate during the forecast period. The higher growth rate is due to huge investments made by authorities in multi-level parking, and by the private sector in its parking facilities. The off-street parking involves proper designing and construction to provide a safe and secure vehicle parking experience for drivers.

Global Parking Management Market Overview, By Deployment

Cloud parking management system market segment is expected to grow at a high rate during the forecast period. The higher growth rate is due to high usage of internet usage for the parking management system. The factors such as, increasing demand for internet of things, and rising need for the single platform to perform all the parking activities drive the market through the forecast period. As the cloud-based deployment is less expensive and highly convenient for the implementation compared to the on-premise, the market is expected to grow through 2024.

Global Parking Management Market Overview, By Market Players

Increasing usage level of internet and the change in regulations for the parking management systems and focus on advanced technology by the key players in the Parking Management Market drive the parking management system market through the forecast period. Some of the companies operating in Parking Management Market are Conduent, Amano Corporation, Q-Free ASA, Indigo Park Services, Chetu, Streetline, SWARCO, T2 Systems, SKIDATA, Flowbird Group.

Global Parking Management Market Background

Factors including demand for off-street parking spaces such as, indoor and outdoor parking spaces that are operated by private agencies is expected to support the growth of parking management solution market.

For More Information Visit @:https://www.maximizemarketresearch.com/market-report/global-parking-management-market/9898/

Market Segmentation

Global Parking Management Market, By Type

o Solutions

 Parking Guidance Solution

 Parking Reservation Management

 Parking Permit Management

 Parking Enforcement Management

 Parking Access and Revenue Control

 Parking Security and Surveillance

 Parking Analytics

o Services

 Professional services

o Consulting

 o System Integration and Deployment

o Support and Maintenance

 Managed services

Global Parking Management Market, By Deployment Type

o On-Premises

o Cloud

Global Parking Management Market, By Parking Site

o Off-street Parking

o On-street Parking

The above data will be provided for following regions/countries (USD Million)

North America
o U.S.

o Canada

o Germany

o UK

o France

o Spain

o Italy

Asia Pacific
o China

o India

o Japan

o Australia

Latin America
o Argentina

o Brazil

o Mexico

Middle East and Africa
o South Africa

o Saudi Arabia


 This Report Is Submitted By : Maximize Market Research Company

Customization of the report:

Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities.

About Maximize Market Research:

Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.

Contact info:

Name: Lumawant Godage


Email: sales@maximizemarketresearch.com

Address:  Pune, Maharashtra 411051, India.

Contact: +919607195908

Total Views: 80Word Count: 714See All articles From Author

Add Comment

Business Articles

1. We Manufacture Latest Design Of Custom Perfume Boxes
Author: JamesAdam

2. Hiring Housekeeping Hoboken Services For Your Apartments
Author: Glow Up Clean

3. Your Purpose-driven Path: How To Reinvent And Re-energize Yourself With A Fulfilling, Joyful Purpos
Author: eWomen Network

4. Custom Cereal Boxes In Unconventional Ideas At Gotoboxes
Author: Mark Jackson

5. Things To Consider When Building A Waterfront Home | Commercial Construction Services
Author: Jrossi Construction

6. Custom Cbd Oil Packaging Boxes With High Quality Material
Author: lewismorgancbz

7. How To Perform Iso 13485 Training Requirements For (qms)
Author: Punyam Academy

8. Environment-friendly Disposal Solutions For Deepwater Dredged Material
Author: Millie Smith

9. Recent Developments That Will Change The Entire Face Of Networking
Author: Ronel Noel

10. Advantages Of A Commercial Agricultural Glass Greenhouse
Author: yang huimin

11. The Latest Mobiles In India Are Fun To Use
Author: Jakson Lee

12. Custom Popcorn Bags Uk Wholesale Discount At Gotoboxes
Author: Jordan Harry

13. Top Benefits From Hiring The Top Korean To English Translation Services
Author: LA Translation

14. How Translation Companies Help Different People
Author: LA Translation

15. What Is The Purpose Of Custom French Fries Boxes?
Author: Leo

Login To Account
Login Email:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: