Global Parking Management Market Growth Overview, Statistics And Forecast 2027

This research explores the Global Parking Management Market and covers many market-related topics, including market size, status, trends, and forecasts. It also gives a quick overview of the industry's competitors and important market drivers. The report contains a comprehensive analysis of the global Parking Management market, split by companies, regions, types, and applications.

Global Parking Management Market was valued at US$ 3 Bn. in 2020 and is expected to reach US$ 6.63 Bn. by 2027, at a CAGR of 12% during a forecast period.

Global Parking Management Market Overview:

In 2020, the parking management market was worth $3 billion USD. A vital component of every transportation system is parking. According to research, a car spends 23 hours a day parked and uses various parking places every day of the week. Parking has an impact on how simple it is for you to get where you are going. Parking management is responsible for a number of initiatives and regulations that aim to maximise the use of parking resources. The number of vehicles on the road is rising in tandem with global urbanisation, creating a growing need for packaging management. The market for parking management is expanding as a result of the need for smooth traffic flow and the rising number of automobiles. The need for parking management is one of the primary concern for safety.

This MMR report's main goal is to categorise, describe, and forecast the market for Parking Management items based on the product type, application, end user, and geography. The MMR study carefully examines a number of important factors, including those that significantly affect market growth, such as drivers, limitations, opportunities, and difficulties unique to the industry. This study will examine the relative sizes of the micro markets in order to provide a strategic analysis of their contributions to the overall market as well as specific growth trends and outlooks.

Market Scope:

The Parking Management market is anticipated to develop at its fastest rate between 2022 and 2027. Import and export consumption are examined in the Maximize Market Research (MMR) Parking Management market study together with supply and demand, costs, prices, shares, sales volumes, revenues, and gross profits. This MMR data investigation looks at each company's manufacturing facility, production capacity, factory price, market price, and market share.

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Segmentation:

The parking management market is divided into sectors by security & surveillance, revenue management, parking reservation management, and others. With a revenue of USD 686.2 million, the revenue management category led the market in 2020. Since they provide a visual depiction of the price rates, revenue management systems are highly sought after since they help with establishing the proper pricing for all parking lots. These technologies also help facility providers compare their costs to those of rivals, which enables them to make money.

Key Players:

• Amano Corporation
• Q-Free ASA
• Indigo Park Services
• Chetu, Streetline
• SWARCO
• T2 Systems
• SKIDATA
• Flowbird Group
• GROUP Indigo
• Siemens
• Bosch Group
• Conduent
• APCOA PARKING
• Precise ParkLink
• FlashParking
• Passport Labs
• ParkMobile
• SpotHero
• Get My Parking
• INRIX
• IPS Group
• Smart Parking
• TIBA Parking Systems
• Streetline

Regional Analysis:

Every nation in North America, the Asia-Pacific region, Europe, Latin America, the Middle East, and Africa is represented in the MMR study. Significant market divisions and sub-segments as well as noteworthy market sectors are given particular attention in this study by MMR. The MMR research uses market size, share, and quantity to analyse how neighbourhoods are developing in creative countries. Numerous subjects are covered by statistics, including quantity, area, revenue, market chain structure, and trends.

COVID-19 Impact Analysis on Parking Management Market:

Between 2020 and 2022, the COVID-19 rule had a considerable impact on societal, commercial, and employee expectations. COVID-19 has the potential to change our culture and way of life, hence swift industry support and innovation are required. The COVID-19 has caused a lot of trouble for foreigners living in India. Millions of migrant workers have suffered negative effects from the embargo, including job losses, food shortages, and fear about the future.

The major goal of this MMR study is to comprehend COVID-19, the current economic climate, and how it influences business. Except for COVID-19, MMR is applied across all disciplines, markets, and sectors. Assessing how COVID-19 impacts industry growth can be done using data from the Maximize Market Research Report.

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Key Questions answered in the Parking Management Market Report are:

• Which product segment grabbed the largest share in the Parking Management market?
• What is the competitive scenario of the Parking Management market?
• Which are the key factors aiding the Parking Management market growth?
• Which region holds the maximum share in the Parking Management market?
• What will be the CAGR of the Parking Management market during the forecast period?
• Which application segment emerged as the leading segment in the Parking Management market?
• Which are the prominent players in the Parking Management market?
• What key trends are likely to emerge in the Parking Management market in the forecast period?
• What is the expected Parking Management market size by 2027?
• Which company held the largest share in the Parking Management market?

Reasons to Purchase the Parking Management Market Report:

• The Maximize Market Research (MMR) report contains a wealth of information about market dynamics and prospects for the anticipated time frame.
• Segments and sub-segments exist for quantitative, qualitative, and value (USD Million) data.
• Data on supply and demand trends at the national, regional, and sub-regional levels are provided.
• The competitive landscape presents current innovations and strategies as well as the market shares of the leading rivals.
• Companies that offer a variety of goods, financial information, cutting-edge technology, SWOT analyses, and business ideas.

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