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Parking Management Market to Witness an Outstanding Growth by 2027

The market for parking management is globally has been segmented into segments namely: parking site, solutions, service, and deployment type. Based on the parking site, the market is bifurcated into on-street and off-street parking sites.

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Parking Management Market to Witness an Outstanding Growth by 2027

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  1. Parking Management Market to 2027 Publication Month: Jan 2019 | No. of Pages: 150

  2. Parking Management Market Overview The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study. According to a new market research study titled, “Parking Management Market To 2027 - Global Analysis and Forecasts by Parking Site, Solutions, Services, and Deployment Type”. The global market accounted for US$ 37.5 Bn in 2017 and is estimated to reach US$ 58.5 Bn by 2027 thereby registering a CAGR growth rate of 4.8% from 2019 to 2027. The report highlights the key trends prevalent in the global parking management market and the factors driving the market along with those that act as deterrents to its growth. 

  3. Parking Management Market • Factors such as an increase in demand for effective and efficient parking solutions especially among densely populated cities and the growing number of the registered passenger vehicle is expected to be the significant market driving force in the coming years. Further, the increasing popularity of smart cities concepts and the subsequent adoption of technology-driven mobility and smart parking solution is also anticipated to fuel the demand for parking management solutions in the forecast period.   • Parking solution such as parking guidance system offers real-time navigational and parking space availability to the different motorist and passenger vehicles. This facilitates in efficient utilization of parking space as well as reduces the time spent by individuals looking for empty parking space. Moreover, other technology-enabled solutions such as automatic number plate recognition and parking fees payment & reservation through mobile app enable seamless enforcement and revenue management solutions to different end-users.  • Read More at : https://www.theinsightpartners.com/reports/parking-management-market

  4. Key Benefits • • This report provides a detailed study of market trends and forecast from 2019 to 2027, which assist to identify the prevailing market opportunities. • • In-depth coverage of the global market that includes drivers, restraints, and opportunities, helps professionals to understand the market behavior in a better way. • • Detailed study of the strategies of key leaders, partnerships, and acquisitions in the market is provided. • Get PDF Sample Copy @ Click Here

  5. Parking Management Market Growth The rising trend of commercialization and industrialization across the globe has led to steep growth in the off-street parking in the current scenario. Additionally, the residential sector also drives the off-street parking segment significantly. Off street parking includes indoor as well as outdoor parking spaces. Another major factor influencing the growth of off-street parking in the developed countries and few financially emerging countries is the rapid growth of smart cities. The rising smart city initiatives are driving the deployment of sensors and related technologies for various applications which includes parking. Owing to this, several parking management technology developers as well as numerous parking management service providers are developing and offering advanced technologies to facilitate the municipalities and private spaces to optimize unutilized and unorganized parking areas.

  6. Key Players In Industry • Flowbird Group • Indigo Parking Service • ParkMobile • Passport Inc. • Siemens AG • Smart Parking Ltd. • Streetline • Swarco • T2 Systems • Tiba Parking • Enquiry For Discount @ Click Here

  7. Parking Management Market Segments

  8. Parking Management Market By Geography • North America, Europe, Asia-Pacific, LAMEA

  9. Thank You! For More Details Visit us at https://www.theinsightpartners.com/reports/parking-management-market Contact Us: Call: +1-646-491-9876 Email: sales@theinsightpartners.com Follow Us On

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