HTF Market Intelligence released a new research report of 150 pages on title ‘Global Parking Management Systems Market Insights by Application, Product Type, Competitive Landscape & Regional Forecast 2025’ with detailed analysis, forecast and strategies. The study covers key regions that includes North America, South & Central America, Middle East & Africa, Europe, Asia-Pacific and important players such as Conduent (United States), Amano Corporation (Japan), Chetu (United States) etc.
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Industry Background:
Increased manufacture, as well as usage of cars, particularly in the established and urban parts of the world, will help to fuel the global parking management system market. The parking management system provides solutions for access control, security & surveillance, parking fee & revenue management, valet parking management, parking fee & revenue management, parking guidance & slot management and others. Today’s advanced parking management systems are intelligent ample to deliver a high level of convenience to the drivers, automating and simplifying the business operations and other tasks at the parking site. According to HTF MI, the market for Parking Management Systems is expected to register a CAGR of 8.7% during the forecast period to 2024. This growth is primarily driven by Growing Demand for Smooth Traffic Flow, Rising Motor Vehicles Sell and High Demand of More Parking Space and Enlarged Concerns about Pollution, Security, and Connectivity.
Globally, a noticeable market trend is evident Emergence Of New Technology Such As IoT And Sensor Network . The Internet Software & Services sector in the North America region has been increasing at a strong rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Conduent (United States), Amano Corporation (Japan), Chetu (United States), Streetline (United States), Q-Free ASA (Norway), Indigo Park Services (United Kingdom), SWARCO (Austria), T2 Systems (United States), SKIDATA (Austria) and Flowbird Group (France) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 25th April 2018, Streetline has started the installation of the parking management enhancement program in the city of Scottsdale. Merchants will be able to publish real-time parking availability to their websites with ParkerMap to entice customers, and the city will gain valuable analytics from ParkSight to help it craft parking policies that fit the needs of the community.
On 25th April 2018, Streetline has started the installation of the parking management enhancement program in the city of Scottsdale. Merchants will be able to publish real-time parking availability to their websites with ParkerMap to entice customers, and the city will gain valuable analytics from ParkSight to help it craft parking policies that fit the needs of the community.
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Market Drivers
Growing Demand for Smooth Traffic Flow
Rising Motor Vehicles Sell and High Demand of More Parking Space
Enlarged Concerns about Pollution, Security, and Connectivity
Market Trend
Emergence Of New Technology Such As IoT And Sensor Network
Increasing Use Of Advanced Parking Kiosks
Introduction Of Cloud Computing In Parking Management System
Restraints
Complexion in System Integration
Opportunities
Huge Demand Due To Introduction Of Smart Cities and Fueling Demand Of Advance Autonomous Cars
Challenges
Rapidly Changing Technology and High Cost Of Installation
HTF MI follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
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Have a look at some extracts from Table of Content
Introduction about Global Parking Management Systems
Global Parking Management Systems Market Size (Sales) Market Share by Type (Product Category) in 2018
Parking Management Systems Market by Application/End Users
Global Parking Management Systems Sales (Volume) and Market Share Comparison by Applications
(2013-2025) table defined for each application/end-users like [Government, Transportation, Hospitality, Retail]
Global Parking Management Systems Sales and Growth Rate (2014-2025)
Parking Management Systems Competition by Players/Suppliers, Region, Type and Application
Parking Management Systems (Volume, Value and Sales Price) table defined for each geographic region defined.
Global Parking Management Systems Players/Suppliers Profiles and Sales Data
Additionally Company Basic Information, Manufacturing Base and Competitors list is being provided for each listed manufacturers
Market Sales, Revenue, Price and Gross Margin (2014-2018) table for each product type which include Access Control, Revenue management, Security & Surveillance, Parking Reservation Management
Parking Management Systems Manufacturing Cost Analysis
Parking Management Systems Key Raw Materials Analysis
Parking Management Systems Chain, Sourcing Strategy and Downstream Buyers, Industrial Chain Analysis
Market Forecast (2019-2025)
……..and more in complete table of Contents
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