The global parking management market to increase from US$ 3.8 billion in 2020 to US$ 5.8 billion by 2025 with a compound annual growth rate (CAGR) of 8.8% for the period 2020-2025. The research report on the global parking management market provides extensive competition analysis and competitive conditions. The report includes information on significant products, players, challenges and developments, and other information specific to the parking management market. The data in this report is targeted for business and industry practitioners and specifically intended to assist in the explanation, direction, and to understand the potential of the parking management market. The study focuses on providing readers with an understanding of developments in the industry, market segments, market forecasts, leading players, and market drivers.
- Goals and objectives of the study
- Define key market trends, innovations, opportunities, and factors influencing the global parking management market and its sub-segments.
- Identify and analyze primary industry categories and their respective frameworks for the parking management market.
- Predict the total size of the parking management market internationally and analyze it based on the component, parking site, deployment model and region.
- Classify primary players and assess the business environment based on recent developments and segment revenue.
Chapter 2, "Market Overview" provides an overview of the parking management market. The chapter includes macro-economic factors, market determinants (includes market drivers, restraints, opportunities, and challenges), value chain analysis, technology/product roadmap, Porter 5 force model analysis, market growth opportunity analysis.
Chapter 3 "Segment Analysis" of the study deals with the different sub-segments of the market to calculate reliable market forecasts. The parking management market was segmented based on component, parking site, deployment model. The chapter provides an in-depth analysis of the market segments of the parking management, year-on-year growth projections that enable readers to identify potential market growth areas.
- Market Segmentation
- Based on component, the global parking management market is segmenting into solution (parking guidance solution, parking reservation management, parking permit management, parking enforcement management, parking access and revenue control, parking security and surveillance, parking analytics) and service (professional service, managed service).
- Based on parking site, the global demand for parking management is segmenting into off-street parking and on-street parking.
- Based on the deployment model, the parking management market is segmenting into cloud based and on-premises.
Chapter 4, "Regional Analysis" includes an in-depth analysis of the parking management market by regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. The report also includes a comprehensive analysis of the parking management market in key countries such as the United States, Canada, Germany, France, Italy, Spain, China, India, Japan, the GCC, South Africa, Brazil, Mexico, and the rest of the world. Regional insight helps market competitors to make crucial decisions about their company. Individualized, country-wise, and segment-wise analyses by region allow readers of the parking management market report to explore the potential of the market in different geographies. For each year's growth projections and a global share of value, this section is a vital part of the report.
Chapter 5 "Competitive Analysis" of the report includes company shares analysis, a list of acquisitions, mergers, collaboration, and the introduction of new products.
Chapter 6 "Company Profile" of the report also covers key industry players working on the parking management market. Some of the prominent competitors in the parking management market are APCOA Parking AG, Chetu, Inc., FlashParking, Inc., Flowbird Group, Parkmobile, LLC, Passport Labs, Inc., Precise ParkLink, SKIDATA GmbH, Swarco Holding, T2 Systems, Inc. The report also discusses the business strategies adopted by the players at the global, regional, and country-level. The study also focuses on various business development strategies for expanding consumer networks through product formation, organization extension, partnerships, mergers, and acquisitions.
The study offers an exhaustive summary and estimate of the global parking management market. It includes in-depth qualitative and quantitative analyses in the report that aligned with the goals and objectives of our customers. Projections have been confirmed by comprehensive primary and secondary analysis. The study will encourage clients to invest in the parking management market based on the current business situation, trends, and potential developments in the segments. Understanding the requirement of the client, the report delivers specialist insights into the global parking management market, its products, and market patterns.
