Parking Management Solutions Market Overview
Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the “Parking Management Solutions Market”. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The analysis in the report provides an in-depth aspect at the current status of the Parking Management Solutions market, with forecasts outspreading to the year.
Parking Management Solutions Market size was valued at US$ 4.70 Bn. in 2023 and the total revenue is expected to grow at 7.4% through 2024 to 2030, reaching nearly US$ 7.75 Bn.
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Parking Management Solutions Market Scope and Methodology:
The research methodology used in the report combines SWOT and descriptive analysis. Conducting a comprehensive analysis of the market Parking Management Solutions is the main objective of the research. A variety of techniques, including surveys and questionnaires, are used in research. The results are then evaluated using numerical, statistical, and mathematical methods. Current market trends are shaped by both qualitative and quantitative methodologies.
The following extra variables are taken into consideration when evaluating market opportunities: direct buyer encounters, research and development ventures, innovative techniques of research and development, market consolidation and acquisitions, and fresh industrial processes. Along with market leaders' tactics, organizational structure, portfolio analysis, thorough analysis, market trends, and microeconomic variables for SWOT analysis are all taken into account in this study.
Parking Management Solutions Market Segmentation
by Type
Solutions
Services
The parking management solutions market is divided into solutions and services based on type. Over the course of the projection period, the solutions section is anticipated to grow at a rate greater than 5.6% CAGR. The factors that drive the expansion of the segment are associated with increased demand because they help determine the best prices for all parking lots by providing an overview of the rates. Facility providers can boost their revenue by using these systems to compare their prices to those of their rivals. These devices give information on parking spot availability to drivers and parking providers through continuous monitoring. The system has sensors, cameras, parking meters, automated gates, and other software and technological components that support traffic flow management.
by Parking
Site On-Site Parking
Off-Site Parking
The market for parking management solutions is divided into two segments based on parking locations: on-site parking and off-site parking. Over the course of the projection period, the on-site parking category is anticipated to develop at a rate of more than 6.45% CAGR. The segment's rapid adoption by international government bodies is one of the factors that has fueled its growth. On-street parking options have allowed government administrations to legitimately obtain revenue from public resources. Off-street parking management services have also been widely adopted by large business organizations to offer plenty of parking spaces to their consumers.
by Deployment Type
Cloud
On-Premises
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Parking Management Solutions Market Key Players
1. T2 Systems (U.S.)
2. Flash Parking (U.S.)
3. Passport Labs (U.S.)
4. Park Mobile (U.S.)
5. SpotHero (U.S.)
6. INRIX (U.S.)
7. Conduent (U.S.)
8. APCOA PARKING (U.S.)
9. GROUP Indigo (France)
10. Flowbird Group (France)
11. Amano (Japan)
12. Siemens (Germany)
13. Bosch Group (Germany)
14. Precise ParkLink (Canada)
15. SWARCO (Austria)
16. SKIDATA (Austria)
17. Get My Parking
Parking Management Solutions Market Regional Insights
It is essential to comprehend the intricate dynamics of the global Parking Management Solutions business within the context of regional studies. The paper provides a framework for goods commerce between nations and regions. The study provides an international overview of the size and growth rate of the Parking Management Solutions market. In many nations and areas, there is discussion over current business trends. Asia-Pacific, Europe, the Americas, the Middle East, and South Africa.
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Key questions answered in the Parking Management Solutions Market are:
- Which is the fastest growing region in the Parking Management Solutions Market?
- What is the growth rate of the Parking Management Solutions Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Parking Management Solutions Market?
- Which are the factors expected to drive the Parking Management Solutions Market growth?
- What is the CAGR at which the Parking Management Solutions market will grow during the forecast period?
- What growth strategies are the players considering to increase their presence in Parking Management Solutions?
- Who are the leading companies and what are their portfolios in Parking Management Solutions Market?
- Who are the key players in the Parking Management Solutions market?
Key Offerings:
- Market Size, Share, Size Forecast by different segment
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
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