Pune, 12, April, 2023: The report published by Maximize Market research, on the Parking Reservation System Market, covers an extensive regional analysis, market segments, dynamics and competitive landscape. Over the forecast period, Maximize Market Research expects, the market to grow from USD 1.02 Bn in 2021 to USD 4.75 Bn in 2029 at a CAGR of 21.2 percent.
Parking Reservation System Market Report Scope and Research Methodology
The report covers data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the Parking Reservation System industry. It provides an in-depth analysis of the Parking Reservation System market segments with their sub-segments and regions. The objective of the Parking Reservation System market report is to offer historical data and forecast revenue growth at global, regional and country levels. The key methodology used by the MMR team is data triangulation which involves data mining, analysis of the impact of data variables on the Parking Reservation System market, and primary (industry expert) validation. The secondary data was collected from the annual or financial reports of the market players along with the paid and free databases while the primary data was collected by interviewing Parking Reservation System industry experts. To estimate the regional and global Parking Reservation System market size, the bottom-up approach was used with the PESTLE analysis to provide macro and micro economic factors influencing the market growth. SWOT analysis was used to provide strengths, weaknesses, opportunities and threats of the market players and the Parking Reservation System industry.
Parking Reservation System Market Dynamics
The main factors contributing to the growth of the Parking Reservation System market are the increasing demand for real time car parking data, rising number of cars and new smart city projects. The issue of parking is critical due to the growing urbanization and increasing density of automobile.
The factor restraining the market growth is the need for high investment to improve existing transportation infrastructure. The high construction and installation costs for the functioning parking management system is hampering the market growth.
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Parking Reservation System Market Regional Insights
During the forecast period, the Parking Reservation System Market in the North America region is expected to experience a strong revenue growth. The most of the top automakers such as ford, Chevrolet and General Motors are creating ground breaking technologies for their vehicles, have their origin in the region.
In 2021, the Asia Pacific region dominated the global market with the largest Parking Reservation System Market share. The high adoption of parking reservation systems in countries such as Japan, India and China is contributing majorly to the regional market growth.
Parking Reservation System Market Segmentation
By Parking Site
- On-street Parking
- Off-street Parking
By Solutions
- Web-based
- Mobile-based
- Voice Call-based
By End-user Vertical
- Government
- Retail
- Hospitality
- Entertainment/Recreation
- Transportation
- Other End-user Verticals
Parking Reservation System Key Competitors include:
- Conduent Incorporated (US)
- INRIX (US)
- SP Plus Corporation (US)
- TCS International Inc. (US)
- Complus Data Innovations, Inc. (US)
- gtechna, Inc (US)
- Passport Labs, Inc (US)
- 3M Company (US)
- Ace Parking Management, Inc. (US)
- City-parking (US)
- Joes Auto Parks (US)
- Laz Parking (US)
- MyPark Corp (US)
- Streetline. (US)
- Cubic Corporation (Germany)
- Robert Bosch GmbH (Germany)
- APCOA Parking Holdings GmbH (Germany)
- Continental AG (Germany)
- Amano Corporation (Japan)
- AISIN CORPORATION (Japan)
- Swarco Corporation (Austria)
- Kapsch TrafficCom (Austria)
- BePooler (Switzerland)
- JustPark Limited (UK)
- VALEO (France)
Table of Content for Parking Reservation System Market
- Global Parking Reservation System Market: Research Methodology
- Global Parking Reservation System Market: Executive Summary
- Market Overview and Definitions
- Introduction to Global Market
- Summary
- Key Findings
- Recommendations for Investors
- Recommendations for Market Leaders
- Recommendations for New Market Entry
- Global Parking Reservation System Market: Competitive Analysis
- MMR Competition Matrix
- Market Structure by region
- Competitive Benchmarking of Key Players
- Consolidation in the Market
- M&A by region
- Key Developments by Companies
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Challenges
- Market Dynamics
- PORTERS Five Forces Analysis
- PESTLE
- Regulatory Landscape by region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
- COVID-19 Impact
- Global Parking Reservation System Market Segmentation
- Global Market, by Parking Site (2021-2029)
- Global Market, by Solutions (2021-2029)
- Global Market, by End-user Vertical (2021-2029)
- Regional Parking Reservation System Market (2021-2029)
- Regional Market, by Parking Site (2021-2029)
- Regional Market, by Solutions (2021-2029)
- Regional Market, by End-user Vertical (2021-2029)
- Regional Market, by Country (2021-2029)
- Company Profile: Key players
- Company Overview
- Financial Overview
- Global Presence
- Capacity Portfolio
- Business Strategy
- Recent Developments
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Key questions answered in the Parking Reservation System Market are:
- What is Parking Reservation System?
- What was the Parking Reservation System Market size in 2021?
- What is the expected Parking Reservation System Market size by the end of the forecast period?
- What are the global trends in the Parking Reservation System Market?
- What are the upcoming industry End-user Verticals and trends for the Parking Reservation System Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for Parking Reservation System Market?
- How is the intervention from regulatory authority shaping the Parking Reservation System Market?
- What growth strategies are the players considering to increase their presence in Parking Reservation System?
- Who are the leading companies and what are their portfolios in Parking Reservation System Market?
- What are the major challenges that the Parking Reservation System Market could face in the future?
- Who held the largest market share in Parking Reservation System Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by Parking Site, End-user Vertical, Solutions and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
Maximize Market Research is leading Information Technology & Telecommunication research firm, has also published the following reports:
Smart Parking System Market – The market size is expected to reach USD 34.62 billion by 2029 at a CAGR of 21.50 percent during the forecast period. The market is expected to be driven by the increasing use of integrated automation solutions.
Automated Parking Systems Market – The market size is expected to reach USD 4.28 billion by 2029 at a CAGR of 15.2 percent during the forecast period. The market is expected to be driven by the lack of parking spaces and increasing traffic congestion in cities.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical Solutionss and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, Solutionsion and demand analysis, and client impact studies.
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