Parking Management Market Overview
The Parking Management Market‘s drivers, restraints, opportunities, trends, technical advancements, product developments, restrictions, growth strategies, and market prospects, as well as the forecast period, are briefly covered in the Global Parking Management Market research report. The global Parking Management market research report offers an in-depth look at the industry, including key figures like market size, market share, revenue growth, and CAGR over the forecast cast period (2021 to 2029).
Parking Management Market was valued at US$ 3.35 Bn. in 2021 and is expected to reach US$ 8.31 Bn. by 2029, at a CAGR of 12% during a forecast period.
Parking Management Market Scope
The report published by Maximize Market Research on Parking Management market focuses on the most important regional market share data. Simultaneously, it highlights the important aspects of each regional market’s growth tendencies. The research also includes a full geographical analysis of the industry, highlighting the industry growth potential and Parking Management market hurdles in each of the key regions.
The report also provides critical information on important variables such as market share, size, and growth rate, based on the in-depth analysis of the Parking Management market. Other areas of the economic aspects, such as investment feasibility, demand and supply, import and export status, supply chain management, and growth predictions, disclose a lot about the economy’s prospects between 2020 and 2029.
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Based on solution, Access control, security & surveillance, revenue management, parking reservation management, and others are all segments of the parking management market. In 2021, the revenue management category led the market, accounting for USD 686.2 million in revenue. Revenue management solutions are in high demand since they assist in determining the correct pricing for all car parks by offering a visual representation of the price rates. These technologies also assist facility providers in comparing their prices to those of competitors, allowing them to gain revenue.
Based on application, in 2021, the government segment dominated the market. In the government sector, there is a strong need for effective car park management solutions due to the requirement to establish safe, clean, and efficient public parking facilities across cities. The need for intelligent solutions is increasing in tandem with the growing number of smart city projects. Governments around the world are implementing car park management solutions in response to rising traffic challenges caused by a scarcity of parking spots. The Dutch Ministry of Infrastructure and Water Management, for example, planned to invest USD 101 million by 2021, in collaboration with local governments and national and international organizations. To develop and deploy novel traffic applications, the Dutch Ministry formed agreements with traffic solution providers, car firms, and telecommunications and internet providers.
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• Amano Corporation
• Q-Free ASA
• Indigo Park Services
• Chetu, Streetline
• T2 Systems
• Flowbird Group
• GROUP Indigo
• Bosch Group
• APCOA PARKING
• Precise ParkLink
• Passport Labs
• Get My Parking
• IPS Group
• Smart Parking
• TIBA Parking Systems
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The global Parking Management Market’s growth trend is examined in depth throughout the report. It shows how the most major regional divides, such as North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa, have global dominance in the Parking Management market. The regional Parking Management market size of the base and the forecast values for each and every segment is covered for all the economies. The report also includes the market hampering factors both positively as well as negatively in every region for the Parking Management market.
Key Questions answered in the Parking Management Market Report are:
- What is Parking Management Market?
- What is the forecast period of the Parking Management Market?
- What is the competitive scenario of the Parking Management market?
- Which region held the largest market share in the Parking Management Market?
- What are the opportunities for the Parking Management Market?
- What are the restraining factors in the Parking Management market?
- Who are the key players of the Parking Management market?
- Market Share, Size, and Forecast by Revenue|2022-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation: A detailed analysis by Parking Management
- Landscape- Leading key players and other prominent key players.
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