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Parking Management Market – Industry Analysis and Forecast (2020-2025)

[237 Pages Report] To analyze micromarkets with respect to the individual growth trends, prospects, and contributions to the overall parking management market

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Parking Management Market – Industry Analysis and Forecast (2020-2025)

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  1. Parking Management Market worth $5.4 billion by 2025

  2. 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 • Managed Service • Off-street Parking • On-street Parking By Parking Site By Deployment Type By Type • On-premises • Cloud And More…

  3. Key Segments The global parking management market size is expected to grow from $3.8 billion in 2020 to $5.4 billion by 2025, at a CAGR of 7.4% during the forecast period. 1 Parking management solutions help in increasing the overall revenue by optimizing vacant parking spaces. Simultaneously, they play a crucial role in reducing the overall Operational Expenditure (OPEX) and Capital Expenditure (CAPEX).  2 3 All authorities worldwide are working toward improving traffic congestion by providing sufficient parking spaces to their citizens.  Based on offering, the solutions segment of the parking management market is projected to hold a larger market size during the forecast period.  4 5 Off-street parking refers to parking facilities that are made available by parking operators in various areas, such as parking lots, garages, or private driveways in shopping malls, commercial buildings, hotels, and residential buildings. 

  4. Market Growth Rate CAGR 2020 2025 Market Size of $3.8 billion Market Size of $5.4billion 7.4%

  5. Key Vendors Major Players • GROUP Indigo (France) • Amano (Japan) • Siemens (Germany) • Bosch Group (Germany) • Conduent (US) • And More View Report Here - https://www.marketsandmarkets.com/Market-Reports/parking-management-market-1249.html

  6. Recent Developments: • In July 2020, Flowbird Group launched Park and Sanitize, a contactless hydro-alcoholic gel dispenser attached to the Flowbird parking and transport ticketing terminals, to help safeguard potentially millions of motorists and transport passengers for combating the risks associated with the spread of the COVID-19. • In July 2020, GROUP Indigo extended its European presence by opening a subsidiary in Poland. • In May 2020, APCOA PARKING entered into a strategic technology and commercial partnership with HERE Technologies, one of the leading location data and technology platform providers, to develop and commercialize digital parking services and HD indoor maps of parking facilities in Europe. • In April 2020, SWARCO has made available a parking application named PARCO, for German citizens. PARCO has parking information of more than 1,200 cities in Germany, Austria, and Switzerland and is planning to expand its operations. • In January 2020, APCOA PARKING Sweden AB acquired the Swedish parking operator XPERT Parkering. This operator managed around 40,000 parking spaces with a geographical focus on the Skåne region in southern Sweden.

  7. 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

  8. MarketsandMarkets’ Value Proposition How are we different? Most-detailed market segmentation in industry In-depth analysis of patents profiles of key market players providing a competitive landscape Market data for segments such as technologies, services & applications across geographies High level analysis of major market segments and identification of opportunities

  9. MarketsandMarkets’ Delivery Model Here's how we can help you... • Research coverage can be a wide range in varied or niche categories in the published data or custom-made as per client's projects • Assess New Product Development from inception to launch • Optimize investments in established brands and recommend new approaches in global territories • Discover potential in new geographical markets and analyze how to successfully expand into them • Analyze the Challenges, Opportunities, Market structures, Drivers and Competitive Landscape

  10. MarketsandMarkets’ Our Expertise - Compelling Business cases Market size Estimations - Company & Market Best Practices - Entry or Go-To-Market strategies - Market Dynamics, Positioning and Segmentations - Competitive Landscaping and Benchmarking - Opportunity Analysis - Economic Forecasting - Industry-specific Technology solutions - Roadmap Analysis

  11. Stay in touch Our Report Covers – Market Scenarios, Vendor landscape & Industry Road Maps. Get Free 10% Customization in this report sales@marketsandmarkets.com Or you can visit us: https://www.marketsandmarkets.com/ USA address MarketsandMarkets™ INC.630 Dundee Road Suite 430 Northbrook, IL 60062 USA : +1-888-600-6441 Corporate Headquarters MarketsandMarkets™ Research Private Ltd. Tower B5, office 101,Magarpatta SEZ,Hadapsar, Pune-411013, India+1-888-600-6441

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