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Parking management market projected to reach USD 5.15 billion by 2023 examined in new market research report

Automotive and Transportation Market Research

The key parking management market vendors profiled in the report are as follows: Conduent (US),Amano Corporation (Japan),Q-Free ASA (Norway),Indigo Park Services (UK)),Streetline (US),SWARCO(Austria),T2 Systems (US),SKIDATA (Austria),Flowbird Group (France),INRIX (US),Chetu (US),Flashparking (US),Parkmobile (US),Passport (US),SpotHero (US),TIBA Parking Systems (US),Urbiotica (Spain),Smart Parking (Australia),SAP (Germany),Siemens (Germany),APCOA (US),Bosch Mobility Solutions (Germany),GET MY PARKING (India),Nester(UAE),NuPark (US)

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The parking management market size is expected to grow from USD 3.39 billion in 2018 to USD 5.15 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 8.7% during the forecast period.

Download Sample Copy of Parking Management Market; spread across 130 pages, profiling 25 companies and supported with 66 tables and 34 figures is now available at Report at www.rnrmarketresearch.com/contacts…ple?rname=1540603

The key players in the Parking Management Market include – Conduent (US),Amano Corporation (Japan),Q-Free ASA (Norway),Indigo Park Services (UK)),Streetline (US),SWARCO(Austria),T2 Systems (US),SKIDATA (Austria),Flowbird Group (France),INRIX (US),Chetu (US),Flashparking (US),Parkmobile (US),Passport (US),SpotHero (US),TIBA Parking Systems (US),Urbiotica (Spain),Smart Parking (Australia),SAP (Germany),Siemens (Germany),APCOA (US),Bosch Mobility Solutions (Germany),GET MY PARKING (India),Nester(UAE),NuPark (US)

The global parking management market has been segmented on the basis of types (solutions and services), deployment types, parking site, and regions. A detailed analysis of the regions has been done to provide insights into the potential future business opportunities across he regions.

In addition to this, the strength of product portfolio and business strategy excellence is some of the other MarketsandMarkets analysis included in the report.

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Get More Details on Parking Management Market by Industry @ www.rnrmarketresearch.com/contacts…ing?rname=1540603

The parking management market size is expected to grow from USD 3.39 billion in 2018 to USD 5.15 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 8.7% during the forecast period. The major driver for the parking management market is expected to be the growing focus on seamless traffic flow and reduction in fuel consumption and increasing motor vehicle sales.

The major restraining factor is could be the complexity in system integration.

Get Parking Management Market by Solution (Parking Guidance, Reservation Management, Permit, Enforcement, PARC, Security & Surveillance, Analytics), Service, Deployment Type, Parking Site (Off-Street and On-Street), and Region - Global Forecast to 2023 @ www.rnrmarketresearch.com/contacts…ase?rname=1540603

The cloud deployment type is expected to record a higher growth rate during the forecast period. The cloud-based solutions are cost-effective and easily scalable as per business requirements.

These advantages encourage companies to adopt cloud-based parking management solutions. Cloud-based solutions facilitate organizations with scalability and the ease of accessibility of organizational content, regardless of employees’ location, thereby helping with business continuity.

Cloud-based solutions are widely adopted in the developing countries.

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