Parking Management Market Likely To Experience A Tremendous Growth In Near Future By 2027 with top key players like Flowbird Group,Indigo Parking Service,ParkMobile,Passport Inc.,Siemens AG

The global parking management market is expected to grow to US$ 58.5 Bn by 2027 from US$ 37.6 Bn in 2017.

As per ACEA (European Automobile Manufacturers Associations), parking management refers to the adoption of various strategies and subsequently technology-enabled solutions that facilitate in efficient use of parking resources. Further, the effective implementation of the strategy results in the reduced number of parking space required by the facility based on the strategy adopted thereby providing long-term economic, social, and environmental benefits to the end-user. The parking management market is expected to witness a CAGR growth rate of 4.8% from 2019 to 2027.

To Get This Report At Beneficial Rates:  https://www.premiummarketinsights.com/sample/TIP00004462

The parking management market is a highly fragmented market with the presence of a significant number of players in each country coupled with multiple players with small and regional presence. The commonly available parking solutions in parking management market are access control, ANPR, parking security & surveillance, parking reservation and valet parking, and fee enforcement among other parking management solutions.

Moreover, the increasing number of registered passenger vehicles along with limited parking space availability across important cities has led to the surge in demand for efficient parking management market in the past few years. Subsequently, the leading end-users of parking management such as airports, government & municipals, universities, hospitals, hotels, restaurants, and commercial complexes among other end-users have witnessed a significant increase the parking management market in the coming years.

Also, among on-street parking especially in metro cities has attributed in a considerable collection of revenue generated through parking violation and parking fees which is effectively utilized for providing essential utilities to the public. Factors such as increasing rate of infrastructure development coupled with the growing purchasing power of the individuals have significantly increased the demand for improving the vehicle mobility at major popular commercial hubs in developed as well as developing countries.

Some of the key players of  Parking Management Market:

Flowbird Group,Indigo Parking Service,ParkMobile,Passport Inc.,Siemens AG,Smart Parking Ltd.,Streetline,Swarco,T2 Systems,Tiba Parking

Get Discount for This Report @      https://www.premiummarketinsights.com/discount/TIP00004462

Fundamentals of Table of Content:

1 Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.5 Market by Application
1.6 Study Objectives
1.7 Years Considered

2 Global Growth Trends
2.1 Parking Management Market Size
2.2 Parking Management Growth Trends by Regions
2.3 Industry Trends

3 Market Share by Key Players
3.1 Parking Management Market Size by Manufacturers
3.2 Parking Management Key Players Head office and Area Served
3.3 Key Players Parking Management Product/Solution/Service
3.4 Date of Enter into Parking Management Market
3.5 Mergers & Acquisitions, Expansion Plans

4 Breakdown Data by Product
4.1 Global Parking Management Sales by Product
4.2 Global Parking Management Revenue by Product
4.3 Parking Management Price by Product

5 Breakdown Data by End User
5.1 Overview
5.2 Global Parking Management Breakdown Data by End User

About Premiummarketinsights:

Premiummarketinsights.com is a one stop shop of market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost effective research reports and solutions from various publishers. We provide best in class customer service and our customer support team is always available to help you on your research queries.

Contact Us:        
Call: +912067274191
Email: [email protected]

Posted by on Monday May 18 2020, 7:59 PM EDT. All trademarks acknowledged. Filed under Automotive, Automotive & Transportation, Automotive Manufacturing, Featured Press Release, Transportation. Comments and Trackbacks are open. Follow responses: RSS 2.0

Leave a Reply

News Categories

Featured Press Releases

Log in