Market Overview

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

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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

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