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Parking Management Systems Market Trends, Size, Growth and Forecast to 2026

The significant increase in the demand for luxury passenger cars coupled with significant growth in sale of motor vehicles across the world boosts the growth of parking management systems market during the forecast period. Additionally, the increasing need to improve road safety, and streamline traffic flow in populated urban areas supports the market growth.

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Parking Management Systems Market Trends, Size, Growth and Forecast to 2026

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  1. Parking Management Systems Market Market Size Worth $9,786 Million By 2026 | CAGR: 9.1%

  2. Parking Management Systems Market Size Worth $9,786 Million By 2026 “According to Polaris Market Research report, Parking Management Systems market is witnessing a major transformation and is projected to reach $9,786 Million By 2026 registering a CAGR of 9.1% during the forecast period 2018 to 2026.” The global Parking Management Systems market growth is driven by some of the key factors such as growing awareness among consumers, increasing investments by private-public organizations, and favorable government policies. Additionally, many prominent players present in the market are concentrating on the adoption of new technology and product launches to obtain a competitive edge, which in turn contributes to the Parking Management Systems market growth. The regulatory agencies are also playing a key role as the major driving force for the market, by safeguarding the quality of product/service offerings as well as accelerating new approvals. Parking Management Systems Market Report Scope: The study provides a comprehensive view of the Parking Management Systems market by segmenting it based on Component, Deployment, Parking Site, Solution, and region. All the segments of the market have been thoroughly analyzed based on present and future trends. The research report has identified the key segments contributing most to the Parking Management Systems market growth in terms of revenue along with other vital factors impacting the market dynamics. Further, the market analysis covered in the report also answers the imperative question for new entrants and existing players operating in the market. Browse Detailed Research Report On Parking Management Systems Market Analysis: https://www.polarismarketresearch.com/industry-analysis/parking-management-systems-market By Component By By Parking By Solution By Region Deployment Site •Hardware •Software •Services •On- •Off •Parking Reservation •North America (U.S., Canada) Premise •Cloud Street Parking •Parking Guidance •Europe (France, Germany, UK, Italy, Spain, Netherlands, Austria) •On Street Parking •Parking Analytics •Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea) •Access Control •Revenue Management •Latin America (Brazil, Mexico,) •Security and Surveillance •Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa) •Others - 2 -

  3. Parking Management Systems Market Size Worth $9,786 Million By 2026 Impact Analysis of COVID-19 on Parking Management Systems Market The global Parking Management Systems market is anticipated to continue its growth amid the covid-19 pandemic. After giving insightful information on market behavior pre and post COVID-19 pandemic, the report also sheds light on the key strategic moves to overcome the adverse impact of COVID-19 on business and turn the positive impact into a lucrative opportunity. Regional Outlook The regional market of North America is witnessing a significant rise in the growth rate and is expected to account for the largest market share over the forecast period. The market is flourishing as a result of its increasing application scope and ample availability of vital resources. During the forecast period, the Asia Pacific region is estimated to garner the highest CAGR for the Parking Management Systems market, owing to the presence of several leading local and international players operating in the regional market. Gain access to our latest research report that includes a detailed analysis of the COVID-19 pandemic influencing the Parking Management Systems market in different regions and how market players devising effective strategies to mitigate the effect of the pandemic: https://www.polarismarketresearch.com/industry-analysis/parking-management-systems-market/speak- to-analyst Competitive Landscape Leading companies holding significant market shares in the Parking Management Systems market are analyzed considering their market shares, growth rates, market revenue, business strategies, and latest developments. Recent events for these major companies such as acquisitions, research initiatives, technological advancements, new solution/product launches, and geographical expansions considered in finalizing their position in the market. According to Polaris Market Research, the leading players with a noteworthy share in the Parking Management Systems market include Skyline Parking AG, Siemens AG, T2 Systems, IBM Corporation, Swarco Corporation, Kapsch TrafficCom, Skidata, Passport Inc., SAP, and Indigo Park Services among others. Request for sample:https://www.polarismarketresearch.com/industry-analysis/parking-management- systems-market/request-for-sample - 3 -

  4. Parking Management Systems Market Size Worth $9,786 Million By 2026 Table of Contents 1.Overview and Scope 1.1.Research goal & scope 1.2.Research assumptions 1.3.Research Methodology 1.3.1.Primary data sources 1.3.2.Secondary data sources 1.4.Key take-away 1.5.Stakeholders 2.Executive Summary 2.1.Market Definition 2.2.Market Segmentation 3.Parking Management Systems Market Insights 3.1.Parking Management Systems – Industry snapshot 3.2.Parking Management Systems - Ecosystem analysis 3.3.Parking Management Systems Market Dynamics 3.3.1.Parking Management Systems – Market Forces 3.3.1.1. Parking Management Systems Market Driver Analysis 3.3.1.2. Parking Management Systems Market Restraint/Challenges analysis 3.3.1.3. Parking Management Systems Market Opportunity Analysis 3.4.Industry analysis - Porter's five force 3.4.1.Bargaining power of supplier 3.4.2.Bargaining power of buyer 3.4.3.Threat of substitute 3.4.4.Threat of new entrant 3.4.5.Degree of competition 3.5.Parking Management Systems Market PEST Analysis, 2016 3.6.Parking Management Systems Market Value Chain Analysis 3.7.Parking Management Systems Industry Trends 3.8.Competitive Ranking Analysis 4.Parking Management Systems Market Size and Forecast by Component, 2018-2026 4.1.Key Findings 4.2.Hardware 4.3.Software 4.4.Services 5.Parking Management Systems Market Size and Forecast by Deployment, 2018-2026 5.1.Key Findings 5.2.On-Premise 5.3.Cloud 6.Parking Management Systems Market Size and Forecast by Parking Site, 2018-2026 6.1.Key Findings 6.2.Off Street Parking 6.3.On Street Parking 7.Parking Management Systems Market Size and Forecast by Solution, 2018-2026 7.1.Key Findings 7.2.Parking Reservation 7.3.Parking Guidance 7.4.Parking Analytics - 4 -

  5. Parking Management Systems Market Size Worth $9,786 Million By 2026 7.5.Access Control 7.6.Revenue Management 7.7.Security and Surveillance 7.8.Others 8.Parking Management Systems Market Size and Forecast by Region, 2018-2026 8.1.Key Findings 8.2.North America 8.2.1.US. 8.2.2.Canada 8.2.3.Mexico 8.3.Europe 8.3.1.Germany 8.3.2.UK 8.3.3.France 8.3.4.Italy 8.3.5.Rest of Europe 8.4.Asia-Pacific 8.4.1.China 8.4.2.India 8.4.3.Japan 8.4.4.Rest of Asia-Pacific 8.5.Latin America 8.5.1.Brazil 8.5.2.Middle East & Africa 9.Company Profiles 9.1.Skyline Parking AG 9.1.1.Overview 9.1.2.Financials 9.1.3.Product Benchmarking 9.1.4.Recent Developments 9.2.Siemens AG 9.2.1.Overview 9.2.2.Financials 9.2.3.Product Benchmarking 9.2.4.Recent Developments 9.3.T2 Systems 9.3.1.Overview 9.3.2.Financials 9.3.3.Product Benchmarking 9.3.4.Recent Developments 9.4.IBM Corporation 9.4.1.Overview 9.4.2.Financials 9.4.3.Product Benchmarking 9.4.4.Recent Developments 9.5.Swarco Corporation 9.5.1.Overview 9.5.2.Financials 9.5.3.Product Benchmarking 9.5.4.Recent Developments - 5 -

  6. Parking Management Systems Market Size Worth $9,786 Million By 2026 9.6.Kapsch TrafficCom 9.6.1.Overview 9.6.2.Financials 9.6.3.Product Benchmarking 9.6.4.Recent Developments 9.7.Skidata 9.7.1.Overview 9.7.2.Financials 9.7.3.Product Benchmarking 9.7.4.Recent Developments 9.8.Passport Inc. 9.8.1.Overview 9.8.2.Financials 9.8.3.Product Benchmarking 9.8.4.Recent Developments 9.9.SAP 9.9.1.Overview 9.9.2.Financials 9.9.3.Product Benchmarking 9.9.4.Recent Developments 9.10. Indigo Park Services 9.10.1.Overview 9.10.2.Financials 9.10.3.Product Benchmarking 9.10.4.Recent Developments Access Press Release on Parking Management Systems Market: https://www.polarismarketresearch.com/press-releases/parking-management-systems-market About Polaris Market Research Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors, and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers. E mail Id: sales@polarismarketresearch.com Web: www.polarismarketresearch.com - 6 -

  7. Parking Management Systems Market Size Worth $9,786 Million By 2026 Official Blog: http://polarismarketresearch.blogspot.com - 7 -

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