$5+ Billion Parking Management Market 2018-2023 by Parking Guidance, Reservation Management, Permit, Enforcement, PARC, Security & Surveillance, Analytics - ResearchAndMarkets.com

DUBLIN--()--The "Parking Management Market by Solution (Parking Guidance, Reservation Management, Permit, Enforcement, PARC, Security & Surveillance, Analytics), Service, Deployment Type, Parking Site (Off-Street and On-Street), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

Parking Management Market Size Expected to Grow from USD 3.39 Billion in 2018 to USD 5.15 Billion by 2023, at a CAGR of 8.7%

The parking management market size is expected to grow from USD 3.39 billion in 2018 to USD 5.15 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 8.7% during the forecast period. The major driver for the parking management market is expected to be the growing focus on seamless traffic flow and reduction in fuel consumption and increasing motor vehicle sales. The major restraining factor could be the complexity in system integration.

The cloud deployment type is expected to record a higher growth rate during the forecast period. The cloud-based solutions are cost effective and easily scalable as per business requirements. These advantages encourage companies to adopt cloud-based parking management solutions. Cloud-based solutions facilitate organizations with scalability and the ease of accessibility of organizational content, regardless of employees' location, thereby helping with business continuity. Cloud-based solutions are widely adopted in the developing countries.

Market Dynamics

Drivers

  • Growing Focus on Seamless Traffic Flow and Reduction in Fuel Consumption
  • Adoption of Cloud Computing and IoT Technologies
  • Increasing Motor Vehicle Sales Driving the Demand for Parking Spaces
  • Proliferation of Mobile and Smartphones

Restraints

  • Complexity in System Integration

Opportunities

  • Increasing Adoption of Smart Cities By Governments Across Regions
  • Optimum Utilization of Parking Spaces
  • Technological Advancements in Autonomous Cars

Challenges

  • High Implementation Costs
  • Rapid Changes in Technologies

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview and Industry Trends

6 Parking Management Market, By Type

7 Parking Management Market, By Parking Site

8 Market By Deployment Type

9 Parking Management Market, By Region

10 Competitive Landscape

11 Company Profiles

  • Amano
  • Apcoa Parking
  • Bosch Mobility
  • Chetu
  • Conduent
  • Flashparking
  • Flowbird Group
  • Get My Parking
  • Indigo Park Services
  • Inrix
  • Nester
  • Nupark
  • Parkmobile
  • Passport Inc.
  • Q-Free
  • SAP
  • Siemens
  • Skidata
  • Smart Parking
  • Spothero
  • Streetline (A Kapsch Company)
  • Swarco
  • T2 Systems
  • Tiba Parking
  • Urbiotica

For more information about this report visit https://www.researchandmarkets.com/research/kkkx7d/5_billion?w=4

Contacts

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Related Topics: Automotive

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Automotive