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Parking Management Market is expected to grow $5.2 billion by 2023

[130 Pages Report] Parking management market categorizes the global market by solution, service, deployment type, parking site as off-street and on-street, and by region.

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Parking Management Market is expected to grow $5.2 billion by 2023

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  1. Parking Management Market is expected to grow $5.2 billion by 2023

  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 • Off-street Parking • On-street Parking By Parking Site By Deployment Type By Type • On-premises • Cloud And More…

  3. 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.

  4. Market Growth Rate CAGR 2018 2024 Market Size of $3.39 billion Market Size of $5.2billion 8.7%

  5. 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

  6. 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

  7. 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?

  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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