Parking Reservation System Market 2019 Overview, Growth Forecast, Demand and Development Research Report to 2027| Ace Parking Management Inc., APCOA PARKING Holdings GmbH, Indigo, INRIX Inc., JustPark Limited, LAZ Parking

The increased vehicle production and traffic congestion generate the demand for smart solutions for parking reservations. The advent of location services and the development of interactive apps have positively influenced the growth of the parking reservation system market during the forecast period. Furthermore, the development of parking complexes offers lucrative growth opportunities for market players in the coming years.

The report facilitates in determining and interpreting the key market players, portfolios with necessary information such as company profiles, components and services offered, financial information of past few years, key developments in past few years, that helps in constructing strategies to gain competitive advantage in the long run. The report also analyzes factors affecting Parking Reservation System Market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend.

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The global increase in the number of vehicles and smart city projects across developing countries are the primary drivers for the growth of the parking reservation system market. Additionally, the growing demand for real-time information with guidance is expected to boost market growth further. However, the slow adoption rate and security issues may hinder the growth of the parking reservation system market during the forecast period. Nevertheless, technological advancements in the field are likely to showcase future growth prospects for the players of the parking reservation system market in the coming years.

Leading Parking Reservation System Market Players:

  • Ace Parking Management Inc.
  • APCOA PARKING Holdings GmbH
  • Indigo
  • INRIX Inc.
  • JustPark Limited
  • LAZ Parking
  • Park24 Co., Ltd.
  • Q-Park
  • SP Plus Corporation
  • Streetline

MARKET SEGMENTATION
The global parking reservation system market is segmented on the basis of type, solution, and industry vertical. Based on type, the market is segmented as off-street parking and on-street parking. On the basis of the solution, the market is segmented as web-based solution, mobile application-based solution, and voice call-based solution. The market on the basis of the industry vertical is classified as transportation and transit, retail, government, hospitality, recreation, and others.

 Key Elements that the report acknowledges:
• Key factors driving the Parking Reservation System Market.
• Key market trends cracking up the growth of the Parking Reservation System Market.
• Challenges to market growth.
• Key vendors of Parking Reservation System Market.
• Detailed SWOT analysis.
• Opportunities and threats faces by the existing vendors in Global Parking Reservation System Market.
• Trending factors influencing the market in the geographical regions.
• Strategic initiatives focusing the leading vendors.
• PEST analysis of the market in the five major regions.

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Posted by on Friday November 29 2019, 3:00 PM EST. All trademarks acknowledged. Filed under Automotive & Transportation, Business Services, Technology, Media, & Telecommunications. Comments and Trackbacks are open. Follow responses: RSS 2.0

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