DUBLIN--(BUSINESS WIRE)--The "North America Parking Management Market 2019-2027" report has been added to ResearchAndMarkets.com's offering.
North American parking management market will be on the upsurging trend, while rising with CAGR of 10.80% in the estimated period 2019-2027.
The countries of the United States and Canada together constitute the parking management market for the North American region. The North American region commands the parking management market globally. The evolution of new business models in the telecom space (value-added services and bundled services) is driving the market.
Also, rapid advances in 5G technology in the US are expected to contribute to the smart city market; 5G mobile networks will likely offer high throughput, low latency, and increased data capacity. Around 80% of companies in the United States have been making use of IoT products & services, with the help of data analytics and cloud platforms, for enhancing their business efficiency.
This trend is expected to continue during the forecast period. In addition, the US federal government expenditure for the development of cities in the region is rising significantly. The United States is the leading country in accordance with the parking management market in the North American region.
The United State is the dominating market due to increase in demand for electricity consumption and rapid growth in the industrialization and urbanization.
Key Topics Covered:
1. North America Parking Management Market - Summary
2. Industry Outlook
2.1. Market Definition
2.2. Key Insights
2.3. Porter's Five Force Analysis
2.4. Market Attractiveness Matrix
2.5. Vendor Scorecard
2.6. Key Impact Analysis
2.7. Market Drivers
2.7.1. Evolving Automotive Industry
2.7.2. Growing Necessity of Eliminating Traffic Jams
2.7.3. Increased Number of Automotive Thefts
2.7.4. Introduction of Real-Time Information in Parking Management
2.8. Market Restraints
2.8.1. High Implementation Costs
2.8.2. Difficulties in Upgradation of Old-Fashioned Parking Places
2.9. Market Opportunities
2.9.1. Emergence of Advanced License Plate Recognition (Lpr) Technology
2.9.2. Growing Smart City Projects Across the Globe
2.9.3. Optimal Utilization of Space
2.10. Market Challenges
2.10.1. High Cost of Workforce Training
2.10.2. Costs Associated With Licensing and Maintenance
3. North America Parking Management Market Outlook - by Parking Site Type
3.1. Off-Street Parking
3.2. On-Street Parking
4. North America Parking Management Market Outlook - by Software & Service
4.2. Professional Services
5. North America Parking Management Market Outlook - by Solution
5.1. Access Control
5.2. Parking Guidance & Slot Management
5.3. Parking Reservation Management
5.4. Parking Fee & Revenue Management
5.5. Parking Fee Enforcement & Permit Management
5.6. Valet Parking Management
5.7. Security & Surveillance
6. North America Parking Management Market Outlook - by Verticals
6.1. Government & Municipalities
6.3. Corporate & Commercial Parks
6.7. Banking & Financial Institutions
6.10. Other Verticals
7. North America Parking Management Market - Regional Outlook
7.1. United States
8. Competitive Landscape
8.1. 3M Company
8.2. Amano Mcgann, Inc.
8.3. Cisco Systems, Inc.
8.4. Cubic Corporation
8.5. Deutsche Telekom AG
8.6. Gemalto N.V.
8.7. Hcl Infotech Ltd.
8.8. International Business Machines Corporation (Ibm)
8.10. Inrix, Inc.
8.11. Kapsch Trafficcom AG
8.13. Nedap Mobility Solutions
8.14. on Track Innovations (Oti) Ltd.
8.15. Orange Business Services
8.18. Q-Free A.S.A.
8.19. Serco Group plc
8.20. Siemens AG
8.21. Skidata AG
8.22. Swarco AG
8.23. Synapt (Division of Prodapt)
8.24. T2 Systems, Inc.
8.25. Xerox Corporation
For more information about this report visit https://www.researchandmarkets.com/r/bstmkz