Parking Management Systems Market 2020
The worldwide Parking Management Systems market is anticipated to reach around USD 9,786 million by 2026 . In 2017, the hardware segment dominated the global market, in terms of revenue. In 2017, North America accounted for the majority share in the global market.
The significant increase in the demand for luxury passenger cars coupled with significant growth in sale of motor vehicles across the world boosts the growth of parking management systems market during the forecast period. Additionally, the increasing need to improve road safety, and streamline traffic flow in populated urban areas supports the market growth. The growing demand for passenger vehicles owing to increasing disposable income, and changing lifestyles, coupled with modernization of vehicles support the growth of the parking management systems market. The increasing development of autonomous and semi-autonomous vehicles, and rising penetration of mobile devices boost the adoption of parking management systems. However, high costs of implementing parking management systems would restrict the market growth during the forecast period. New emerging markets, and growing adoption of smart cities would provide growth opportunities for parking management systems market in the coming years.
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Major Key Players Analysis
The major players of the parking management systems market include Skyline Parking AG, Siemens AG, T2 Systems, IBM Corporation, Swarco Corporation, Kapsch TrafficCom, Skidata, Passport Inc., SAP, and Indigo Park Services. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
The global Parking Management Systemsmarket report was curated by conducting an extensive evaluation and by applying various key methodologies. The report offers a vast pool of information for the readers and provides deep insights about the market. Our team of experts have carefully researched and analyzed the market to garner these insights and information. Considerable amount of time and efforts were spent in order to gain precise estimations about the market size and valuation. Each and every area of the global Parking Management Systemsmarket was analyzed and narrowed down to grab these insights.
The study any particular industry or market requires thorough knowledge and understanding. To ensure the same, we conduct an extensive primary research. This form of research includes surveys about the market, in-depth interviews with market leaders, experts, KOLs, and observations and suggestions from major analysts and seasoned influencers. Following this, a secondary research is also conducted to validate the information attained previously and further strengthen the estimation of the market. The secondary research of the market includes going through trade journals, industry databases, the internet, and gaining information from reputable paid sources. With the help of these approaches and methodologies, a quantitative and qualitative insight of the global Parking Management Systemsmarket is garnered. This way, the report provides effective and key information for the industry participants to make sound decisions and prioritize the segments which have the highest potential.
The global Parking Management Systemsmarket is studied and analyzed with the help of a complete backdrop analysis. The report includes information about the various market segmentations, key market dynamics, geographical segmentation, and a thorough analysis of the competitive landscape. The report covers a host of company profiles, who are making a mark in the industry or have the potential to do so. The profiling of the players includes their market size, key product launches, information regarding the strategies they employ, and others.
Table of Contents – Major Key Points
1. Overview and Scope
2. Executive Summary
3. Parking Management Systems Market Insights
4. Parking Management Systems Market Size and Forecast by Component, 2018-2026
5. Parking Management Systems Market Size and Forecast by Deployment, 2018-2026
6. Parking Management Systems Market Size and Forecast by Parking Site, 2018-2026
7. Parking Management Systems Market Size and Forecast by Solution, 2018-2026
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