Parking Management Market By Application (Government, Commercial, Transport) By Component (Hardware, Software, Services) and Region - Global Forecast to 2026
11 December 2017
The global parking management market report, offers in-depth insights, revenue details, and other vital information regarding the global parking management market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2026. The report offers insightful and detailed information regarding the various key players operating in the global parking management market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global parking management market report has been segmented on the basis application, parking facility, component, solution types, and region. The global parking management market was valued at US$ 4,432.7 Mn in 2016 and is projected to increase at double-digit CAGR of 10.75% to reach an impressive value from 2017 to 2026.
Parking management system assist drivers to find an open space for parking the vehicle. This system gathers real-time data through sensors installed in various parking space and provide the information to drivers about the availability of parking space at any desire location. The key factors driving the market globally is focus on reduction in fuel pollution, seamless traffic flow, increased vehicles production leads to parking concerns, and concern for security, safety, and connectivity. The consistent developments in its technology and solutions have also encouraged consumers to adopt parking management solutions.
The global parking management market report has been segmented on the basis of solution type, Component, parking facility, application, and region.
Global parking management market has been segmented into off-street and on-street, on the basis of component. The off-street segment in the parking management market is anticipated to register highest CAGR in next ten years. This can be attributed to factors such as adoption of advanced mobile applications, coupled with improved ticketing, and payment solutions for parking management.
The global parking management market has been segmented into revenue management, security & surveillance, access control, reservation management, and valet parking management, on the basis of solution type. The revenue management are anticipated to grow at highest CAGR during the forecast period and is projected to contribute major market share in terms of revenue in next eight years.
On the basis of region, the global parking management market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America parking management market is expected to witness significant growth in near future owing to huge number of automobiles user in countries such as Canada, and US, and increasing demand for solutions for traffic congestion. Moreover, major countries in Europe such as Germany, Spain, and UK are adopting advanced parking management solutions for traffic congestion, and transportation problems, which is a major factor driving growth of the Europe parking management market.
Global parking management system, by application:
Global parking management system segmentation, by parking facility
Global parking management system segmentation, by component:
Global parking management system segmentation, by solution type:
- Revenue management
- Security & surveillance
- Access control
- Reservation management
- Valet parking management
Global parking management system segmentation, by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
- Amano McGann Inc
- Siemens AG
- Xerox Corporation
- Other Prominent Vendors
1.0 Chapter 1
2.0 Chapter 2
2.1 Report Description
2.1.1 Market Definition and Scope
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