Parking Management Solutions Market size was valued at US$ 4.08 Bn. in 2021 and the total revenue is expected to grow at 7.4% through 2022 to 2027, reaching nearly US$ 6.26 Bn.
The market research report for Parking Management Solutions Market includes a projection for the years up to 2029 together with detailed information on the market's size, rate of growth, revenue, trends, and potential. Additionally, the main development drivers for this market are carefully studied. In this study, the market has undergone a rigorous quantitative analysis that provides information for formulating plans to boost efficiency and growth.
Parking Management Solutions Market Overview:
Focusing on the most recent drivers, restraints, and opportunities for the Parking Management Solutions Market industry, the thorough company firm's analysis is based on the Parking Management Solutions market. Conversations with well-known businessmen are then utilised to validate the results. In the secondary investigation and analysis of the same, both paid and unpaid data sources are utilised. Information on each player's supply and consumption is gathered from official government sources, third-party data sources, and, in the case of publicly traded enterprises, financial reports of the company. If financial documents from businesses are not made publicly available, the local government's tax division may be able to obtain them.
COVID-19 Impact:
The report further evaluates the existing and potential consequences of the COVID-19 pandemic on the broader market, providing more accurate and true estimates in accordance with the state of the market. The entire world is suffering due to the coronavirus outbreak. Nearly all countries have put in place strict social segregation laws, such as lockdowns. As a result, supply chains have been disturbed. The outbreak has altered global social structures. The COVID-19 has an effect on the market as a whole, and the rate of growth has also been impacted as the COVID-19's effect spreads in 2019 and 2020. The COVID-19 disaster is forcing businesses and organisations to manage risk and digitise operations in order to provide reliable information and experiences to decision-makers. This is consistent with the most recent research, opinions, and thoughts from MMR on the management challenges that have the most market impact and are important to businesses and organisations.
Parking Management Solutions Market Segment:
The parking management solutions market is divided into solutions and services based on type. During the forecast period, a CAGR of about 5.6% is anticipated for the solutions section. The factors that affect the segment's growth are related to increasing demand since they help determine the best pricing for all parking lots by providing a view on price rates. In order to improve their revenue, these systems also enable facility providers to assess their costs in relation to those of their rivals. These devices give information on parking space availability for both drivers and parking providers through continuous monitoring. Software and hardware like cameras, parking metres, and automatic gates are all part of the system.
Parking Management Solutions Market Key Players:
• GROUP Indigo (France)
• Amano (Japan)
• Siemens (Germany)
• Bosch Group (Germany)
• Conduent (U.S.)
• APCOA PARKING (U.S.)
• Precise ParkLink (Canada)
• SWARCO (Austria)
• SKIDATA (Austria)
• T2 Systems (U.S.)
• Flash Parking (U.S.)
• Passport Labs (U.S.)
• Flowbird Group (France)
• Park Mobile (U.S.)
• SpotHero (U.S.)
• Get My Parking (India)
• INRIX (U.S.)
Key Company And Market Share Insights:
In this section, visitors can read about the leading rivals. This report looks at the main strategic moves these players make to maintain dominance, including product portfolio strengthening, M&A, partnerships, new, cutting-edge products, and geographic penetration. In addition to the company's goals, the report also offers important financial information and current events. Readers may also find out more details on the firms' global sales, profits, and profit margins from 2017 through 2022.
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Regional Analysis:
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Nov 27, 2022
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