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Global parking management solution market to rise at CAGR of 9.3% between 2017 and 2025

Automotive and Transportation Market Research

Parking management solution are a set of hardware designed and manufactured to manage parking space in a particular location. It consists of monochrome displays, LED light indicators, solar panel/battery, RFID tags, sensors, automated payment systems and centralized data management system that allow people to find parking in desired locations.

Parking management solution is linked to a set of hardware that is designed for managing and maintaining parking spaces primarily in high-demand areas. The market for this hardware is steadily gaining traction in different parts of the world.

Hence, to learn further, a new report has been included in the vast database of Market Research Reports Search Engine (MRRSE). The research study is titled “Parking Management Solution Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025”, which talks about the drivers and restraints, along with the prevailing prospective growth opportunities as well as major strategies increasing the popularity of the global parking management solution market.

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Parking management solution is basically an integration of various components such as LED light indicators, solar panel/battery, monochrome displays, sensors, automated payment systems, RFID tags and centralized data management which offer the people an ease to spot parking spaces at desired locations. The research report initially talks about the market overview, which includes numerous facets such as drivers, restraints, opportunities.

Further, this section also covers a forecast analysis that covers market revenue projections and Porter’s Five Force Analysis during the period 2017-2025. It is further highlighted, the parking management solution market is likely to advance at a CAGR of 9.3% during the forecast period.

In the next section, the market segmentation is presented to enlighten the readers about the parking management solution market. On the basis of type, the market includes parking meters (single-space parking meter) and parking kiosks (multi-space parking meter).

Further, focusing on the geographical aspect, the global market is divided into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America; each of which is analyzed on the basis of revenue and volume generation. 

More Details:

The following section encloses data about the competitive profiling of major players engaged in providing parking management solutions. Also, major business strategies adopted, along with their market share, and recent developments are also included in this research report.

The most active players from the parking management solution market include Parkeon S.A.S., Parking BOXX, Worldwide Parking, Inc., POM Inc., IPS Group, Inc., and Ventek. To summarize, the research report is an informative collection of data which works to motivate investors to learn about the different features of the parking management solution market.

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