The global parking management market size reached USD 3.77 Billion in 2020 and is expected to register a CAGR of 8.1%, during the forecast period, according to latest analysis by Emergen Research. Increasing need for more effective use of parking areas is expected to drive global parking management market revenue growth during the forecast period. In addition, rising number of vehicles globally is expected to propel growth of the global parking management market revenue going ahead. Furthermore, increasing adoption of Artificial Intelligence (AI) based services is expected to boost global parking management market growth.

The Parking Management market intelligence report aims to decipher solutions to several critical issues encountered by Parking Management market players that are curtailing the growth of the market. The Parking Management market report evaluates the viability of new investment projects and presents accurate market estimations. Overall, the report gives the major statistics on the current landscape of the Parking Management market and acts as an exhaustive database of valuable information for all the companies, stakeholders, distributors, and readers interested in strengthening their share in the global market.

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Global Parking Management market forecast has been provided following thorough study, focus, comparison, and analysis of a varying range of factors and past market forecast and present outcomes. Parking Management Market forecast is made possible through, but has not been limited to, a study and analysis of a variety of factors and trends, and these are verified through interviews with industry experts and companies operating in the market.

Competitive Scenario:

Rising focus by major companies on product/service expansion into new and untapped domestic markets, increasing investments in strategic agreements, favourable government policies and regulations, and growing competition in the market are some major trends observed in the Parking Management market. Development of more advanced offerings is driving rising demand and deployment in respective sectors/industries, and this is expected to drive market revenue growth to a significant extent over the forecast period.

The Global Parking Management Market is consolidated due to the presence of a large number of both domestic and international manufacturers. The international companies are resorting to innovative expansion strategies like mergers and acquisitions (M&A), joint ventures, and collaborations, in order to broaden their product range, thereby increasing the global market share. The competition among the major competitors is dependent on several elements viz., the supply chain, technological innovation, production capacity, and cost analysis.

Top key Companies in Parking Management Market are:

Amano Corporation, Siemens AG, Conduent Inc., T2 Systems, Inc., APCOA Parking AG, IPS Group, Inc., FlashParking, Inc., Q-Free ASA, ParkMobile USA, Inc., and Cleverciti Systems GmbH

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The Parking Management market report looks at the paradigm shifts in the market as seen in the global landscape to help readers capitalize on the developments in the competitive scenario. By accumulating industry-wide data, the report creates an exhaustive database containing all critical aspects of the global market including, Geographies, Technology, Product Types, Applications, Business Verticals, and Sales Channels, among others.

Emergen Research has segmented the global parking management market on the basis of offering, services, solutions, deployment, parking site, end-use, and region:

• Offering Outlook (Revenue, USD Billion; 2018–2028)
  • Services
  • Solutions

• Service Outlook (Revenue, USD Billion; 2018–2028)
  • Support & Maintenance
  • System Integration
  • Consulting

• Solution Outlook (Revenue, USD Billion; 2018–2028)
  • Security & Surveillance
  • Valet Parking
  • Parking Reservation
  • Revenue Management
  • Access Control
  • Others

• Deployment Outlook (Revenue, USD Billion; 2018–2028)
  • Cloud
  • On-premises

• Parking Site Outlook (Revenue, USD Billion; 2018–2028)
  • Off-street
  • On-street

• End-use Outlook (Revenue, USD Billion; 2018–2028)
  • Commercial
  • Transportation
  • Government

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Pivotal market aspects like market trends, the shift in customer preferences, fluctuating consumption, cost volatility, the product range available in the market, growth rate, drivers and constraints, financial standing, and challenges existing in the Parking Management market are comprehensively evaluated to deduce their impact on the growth of the Parking Management market in the coming years. The report also gives an industry-wide competitive analysis, highlighting the different market segments, individual market share of leading players, and the contemporary market scenario and the most vital elements to study while assessing the global Parking Management market.

Region wise performance of the Parking Management industry

An extensive analysis of the Parking Management market has also been performed, which includes different factors, right from region-centric statistical data and commercial progress to both macro- and micro-economic indicators that are vital to draw a precise forecast. Furthermore, the study gives a comprehensive assessment of the growth prospects, challenges, drivers, hurdles, and the patents observed in the Parking Management market. Additionally, the key vendor analysis, product launches, market trends, and revenue generation, have also been furnished in the report to help readers formulate lucrative strategies.

Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:

• United States
• Europe
• China
• Japan
• Southeast Asia
• India

We can also provide the customized separate regional or country-level reports, for the following regions:

North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa

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Key point summary of the Parking Management market report:

• The report offers a comprehensive overview of the market size, share, and growth rate in the forecast duration.
• The study categorizes the Parking Management market on the basis of leading regions, product types, applications, market value and volume, business verticals, and end-user industries.
• It also states the current scenario, historical data, giving an accurate market forecast for the coming years.
• Industry supply chain, sourcing strategy, upstream feedstock, and downstream demand analysis has also been undertaken in the Parking Management market research report.
• The study offers a comprehensive understanding of the demand and supply dynamics, including production and consumption rates, and mapping of the overall Parking Management market.
• It also offers regional market analysis and forecast for prominent geographies in the sector viz., North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
• The report employs different analytical tools including, SWOT analysis, Porter’s five forces analysis, and pricing analysis, to give accurate Parking Management market insights.
• It also offers research-backed estimations for the forecast period of eight years, primarily to predict the potential Parking Management market growth.

Table of Content

Chapter 1. Methodology & Sources

1.1. Parking Management Market Definition

1.2. Research Scope

1.3. Methodology

1.4. Research Sources

1.4.1. Primary

1.4.2. Secondary

1.4.3. Paid Sources

1.5. Parking Management Market Estimation Technique

Chapter 2. Executive Summary

2.1. Summary Snapshot, 2021-2028

Chapter 3. Key Insights

Chapter 4. Parking Management Market Segmentation & Impact Analysis

4.1. Parking Management Market Material Segmentation Analysis

4.2. Industrial Outlook

4.2.1. Parking Management Market indicators analysis

4.2.2. Parking Management Market drivers analysis

4.2.2.1. Rapid urbanization and industrialization

4.2.2.2. Stringent government regulations regarding carbon emissions

4.2.2.3. Increasing prevalence of respiratory diseases

4.2.2.4. Rising need to enhance indoor air quality

4.2.3. Parking Management Market restraints analysis

4.2.3.1. High cost associated with the maintenance of Parking Management products

4.2.3.2. Availability of renewable sources of energy

4.3. Technological Insights

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

4.6. Competitive Metric Space Analysis

4.7. Price trend Analysis

4.8. Covid-19 Impact Analysis

Chapter 10. Competitive Landscape

10.1. Parking Management Market Revenue Share By Manufacturers

10.2. Mergers & Acquisitions

10.3. Competitor’s Positioning

10.4. Strategy Benchmarking

10.5. Vendor Landscape

10.5.1. Raw Material Suppliers

10.5.1.1. North America

10.5.1.2. Europe

10.5.1.3. Asia Pacific

10.5.1.4. Middle East & Africa

10.5.1.5. Latin America

10.5.2. Distributors

10.5.2.1. North America

10.5.2.2. Europe

10.5.2.3. Asia Pacific

10.5.2.4. Middle East & Africa

10.5.2.5. Latin America

10.5.3. Others

Continued….

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