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[132 Pages Report] The objective of the study is to define, describe, and forecast the market on the basis of solutions, services, deployment modes, organization sizes, verticals, and regions.
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Parking Management Market is expected to grow $5.2 billion by 2023
Scope of The Report The research report categorizes the Parking Management Market to forecast the revenues and analyse the trends in each of the following subsegments: • Solutions • Parking Guidance Solution • Parking Reservation Management • Parking Permit Management • Parking Enforcement Management • Parking Access and Revenue Control • Parking Security and Surveillance • Parking Analytics • Services • Professional services • Off-street Parking • On-street Parking By Parking Site By Deployment Type By Type • On-premises • Cloud And More…
Key Segments Parking Management Market is expected to grow from USD 3.39 billion in 2018 to USD 5.2 billion by 2023, at a CAGR of 8.7% during the forecast period. 1 The major factors expected to drive the growth of the market are the growing focus on seamless traffic flow and fuel consumption reduction, and increasing motor vehicle sales. 2 The PARC solution helps parking operators manage vehicles in parking facilities. It enables them to control parking revenue by managing the payments of transient and non-transient vehicles in the parking facilities. 3 Off-street parking refers to parking areas, such as parking lots, garages, and private driveways in shopping malls, commercial buildings, hotels, and residential buildings. 4 5 The cloud deployment type vertical is estimated to grow at the higher rate during the forecast period, owing to the high adoption of cloud based parking management solutions.
Market Growth Rate CAGR 2018 2024 Market Size of $3.39 billion Market Size of $5.2billion 8.7%
Key Vendors Major Players • Conduent (US) • Q-Free ASA (Norwa) • Indigo Park Services (France) • SWARCO (Austria) • FlashParking (US) • And More View Report Here - https://www.marketsandmarkets.com/Market-Reports/parking-management-market-1249.html
Major Regions • North America • Europe • APAC • MEA • Latin America • North America is expected to hold the largest market share. • Asia Pacific (APAC) is expected to provide opportunities for debt collection software providers and grow at the highest CAGR
Critical Questions the Report Answers • What are the current technology trends that are driving the parking management market? • What is the adoption of parking management solutions in various parking site? • Where will all these developments take the industry in the mid to long-term? • Which companies are the top vendors in the parking management market and what is their competitive analysis? • What are the drivers and challenges of the parking management market?
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