Global Parking Management Market Top Players Strategy And Forecast To 2027

With a focus on the worldwide Parking Management market trend, the “Parking Management Analysis to 2027” is a specialist and in-depth research of the crowd analytics business. The report’s goal is to give readers a comprehensive picture of the global Parking Management industry, including a breakdown of the market by solution, application, end user, and geography.

Global Parking Management Market was valued at US$ 3 Bn. in 2020 and is expected to reach US$ 6.63 Bn. by 2027, at a CAGR of 12% during a forecast period.

Parking Management Market Overview:

In 2020, the parking management market was worth $3 billion USD. A vital component of every transportation system is parking. According to research, a car spends 23 hours a day parked and uses various parking places every day of the week. Parking has an impact on how simple it is for you to get where you are going. Parking management is responsible for a number of initiatives and regulations that aim to maximise the use of parking resources. The number of vehicles on the road is rising in tandem with global urbanisation, creating a growing need for packaging management. The market for parking management is expanding as a result of the need for smooth traffic flow and the rising number of automobiles. The need for parking management is one of the primary is the concern for safety.

The market research report Parking Management explores and evaluates the market’s position during the forecasted period. Focusing on fundamental and secondary drivers, market dominance, significant segments, and geographic analysis, it is a thorough body of research. Along with notable individuals, significant alliances, mergers, and acquisitions, the research also looks at contemporary innovation and corporate strategy.

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Market Scope:

We used primary and secondary research techniques to examine the Parking Management Market from every angle. Our comprehension of current market dynamics, such as supply-demand imbalances, pricing trends, product preferences, and consumer behaviour, has improved as a result. After that, the data is collated and evaluated using a variety of market projections and data validation techniques. Additionally, our internal data forecasting engine projects market growth through 2029.

Segmentation:

The parking management market is divided into sectors by security & surveillance, revenue management, parking reservation management, and others. With a revenue of USD 686.2 million, the revenue management category led the market in 2020. Since they provide a visual depiction of the price rates, revenue management systems are highly sought after since they help with establishing the proper pricing for all parking lots. These technologies also help facility providers compare their costs to those of rivals, which enables them to make money.

Top Companies in the Global Parking Management Market:

• Amano Corporation
• Q-Free ASA
• Indigo Park Services
• Chetu, Streetline
• SWARCO
• T2 Systems
• SKIDATA
• Flowbird Group
• GROUP Indigo
• Siemens
• Bosch Group
• Conduent
• APCOA PARKING
• Precise ParkLink
• FlashParking
• Passport Labs
• ParkMobile
• SpotHero
• Get My Parking
• INRIX
• IPS Group
• Smart Parking
• TIBA Parking Systems
• Streetline

Market leaders are identified using primary and secondary research, and market revenue is estimated using primary and secondary research. As part of the core research, extensive interviews with significant thought leaders and industry experts, including CEOs, marketing experts, and seasoned front-line workers, were undertaken. In-depth interviews with well-known thought leaders and industry experts, such as CEOs, seasoned front-line employees, and marketing specialists, made up primary research, while an examination of the annual and financial reports of the major manufacturers made up secondary research. In order to compare secondary data to historical data, percentage splits, market shares, growth rates, and global market breakdowns are computed using secondary data. The following players are those who are featured in this study:

Regional Analysis:

Using both qualitative and numerical data, the study examines the local market in depth. It provides an overview and forecast of the global Parking Management market segment by segment. Additionally, it provides market size and forecast projections for five important regions from 2022 to 2029 , including North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. The Parking Management market is further segmented into regions and sectors for each area. Numerous countries are examined and expected in the research, along with current patterns and future developments in the industry.

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COVID-19 Impact Analysis on Parking Management Market:

The Global Parking Management Market Development Strategy post-COVID-19, which encompasses and analyses the potential of the global Parking Management market and provides statistical data on market dynamics, growth factors, significant challenges, PORTER analysis, and market entry strategy analysis, opportunities, and forecasts, was thoroughly researched and analysed. The main goal of the study is to provide industrial enterprises with a strategic analysis of the impact of COVID-19. This analysis simultaneously examined the markets of significant nations and emphasised their market potential.

Key Questions Answered in the Parking Management Market Report are:

  • Which regions, product categories, and end users represent the global Parking Management sector’s most potential high-growth opportunities?
  • Which market sectors will grow the quickest, and why?
  • What sectors will grow the quickest, and why?
  • What are the main factors affecting the dynamics of the ## market? What are the main factors influencing and impeding the Parking Management market?
  • What are the business risks and hazards in the ## market?

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