Parking Management Market Research Report by Forecast to 2023

Posted by Kiran on November 12th, 2019

Parking Management Market Overview:

The global parking management market can expect to touch an impressive valuation of approx. USD 7 Billion by 2023, ventures Market Research Future (MRFR). It could also achieve a CAGR of 12% during the forecast period (2017-2023), adds MRFR.

Technological advancements including Internet of Things (IoT), wireless parking sensors and e-payments are expected to enhance consumer experience, in addition to elevating the adoption rate of carpark management solutions in the next few years. Additionally, technological innovations in sensors could reduce the size and enhance the accuracy level of the sensors, which will make them more efficient, compatible, and cost-effective. Mounting demand for electric cars is prompting city authorities to install charging stations.

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/parking-management-market-3232

Major Key Players:

Some of the players that are currently dominating the worldwide parking management market include Kapsch TrafficCom AG (Austria), T2 Systems, Inc. (U.S.), SWARCO AG (Austria), Siemens AG (Germany), INRIX, Inc. (U.S.), INDIGO (France), AMANO Corporation (Japan), Cubic Corporation (U.S.), SKIDATA AG (Austria), XEROX Corporation (U.S.), among others.

Market Segmentation:

The global parking management market can be segmented with respect to component, parking site type, solution, and vertical.

• The types of components mentioned in the report are software and service. Software-based segments are parking information systems and parking payment systems. Services types are deployment and customization as well as support and maintenance.
• Depending on the parking site, the segments include off-street parking and on-street parking.
• Solution-wise, the market is considered for parking fee & revenue management, parking guidance & slot management, valet parking management, parking fee & revenue management, access control, security & surveillance, and others.