The newly added Parking Management Market research report by Value Market Research disclose all the important information associated with the market such as value, growth factor, trends, market share, size, and challenges for the forecasted timeline 2020-2027. Further, this report also highlights smart strategy adopted by major players and also their market share. Basically, this report is designed to give a proper understanding of industry structure and competition intensity attractiveness.

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the parking management market include 3M, Amano Corporation, Cubic Corporation, IBM Corporation, Kapsch TrafficCom, Siemens, SKIDATA AG, Swarco, T2 Systems, and Xerox Corporation. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.

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Market Dynamics

The global parking management system is mainly driven by the increasing number of public as well as personal vehicles and the rising need for optimization and efficient utilization of parking spaces. A limited car parking space creates trouble and discomfort to the citizens all over the world; hence to avoid disorganization and chaos in the parking area, the global demand for parking management systems is expanding. Moreover, factors such as advancement in information and communication technology, increasing smart city projects across the globe, and stringent government rules related to traffic control and parking of vehicles are further fuelling the global market.

The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.

Additionally, these tools also give inclusive assessment of each segment in the global market of parking management.

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Market Segmentation

This section of the parking management market report provides detailed data on the segments by analyzing them geographically, thereby assisting the strategist in identifying the target demographics for the respective product or service.

By Solution

  • Access Control
  • Security & Surveillance
  • Revenue Management
  • Parking Reservation Management
  • Valet Parking Management
  • Other

By Service

  • Consulting
  • System Integration & Deployment
  • Support and Maintenance

By Parking Site

  • On-street
  • Off-street
  • Garage
  • Lot

By Application

  • Transport Transit
  • Commercial
  • Government

Regional Analysis

This section covers regional segmentation which accentuates on current and future demand for Parking Management market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.

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