Business Industry News

Global Parking Systems Market: Global Trends, Share, Growth, Opportunity and Forecast-2022

Press Release

The scarcity of parking spaces has become a worldwide problem mainly due to the increasing number of vehicles on the road. Parking concerns are increasing at an incredible speed. In the light of this, Parking Reservation Systems have emerged as the state of art parking solutions which provide real-time updates about the available parking spaces to the users. Apart from less traffic cramming, parking reservation system also reduces the wastage of fuel and provides extra security and manning for the vehicles. Parking management systems have witnessed a substantial amount of change by introducing cashless payments, real-time parking space information, parking sensors etc. This has helped in the rapid growth of smart parking management solutions increasing their demands globally.

End-user/Technology

Further, the demand for parking reservation system is expected to increase in transportation, due to traffic congestion and has now diversified to retail, government & municipalities sectors.

The mobile applications of parking reservation systems are growing at a faster rate. The parking slots can be reserved easily and effectively since it involves the use of GSM, GPS, and smartphone technologies through which. The increasing adoption of smartphones has enabled access to travel time, speed data, and origin-destination information.

Market Dynamics

The major growth drivers for this market include rising disposable income among consumers, along with increasing global population and rising need for smart city projects. The major challenge for this market is the proper parking technology execution with zero error and truck congestion.

 

Market Segmentation

Parking Reservation System Market by Device

Meters

Automated Gates

DVRs and Surveillance Cameras

Ultrasound Occupancy Sensors

Others

Parking Reservation System Market by Solution

Valet Parking Management Solution

Surveillance & Security

Revenue Management

Slot management

Access Control

Others

Parking Reservation System Market By Industry

Education

Government Bodies

Healthcare

Commercial Parks

Retail

Transportation

Others

Parking Reservation System Market By Software

Payment Software

Information System

Parking Reservation System Market By Service

Customization & Deployment Model

Support & Maintenance Services

Parking Reservation System Market By Geography

North America

Europe

The Asia Pacific

Middle East & Africa

Latin America

 

Regional/Geographic Analysis

Developed countries such as Germany and the U.S are heavily investing in the implementation of parking reservation system for heavy vehicles like trucks.The market for parking reservation system is expected to get a boost with the adoption of smart parking system in developed countries. India and China are expected to be a potential market for parking reservation system market in the future. However, a slower adoption rate of parking reservation system in developing countries is expected to pose a challenge for this market in coming years.

 

Buy This Premium Report Now @ https://www.kennethresearch.com/report-purchase-id-10065202

 

Opportunities

The increasing usage of mobile-based parking reservation apps by smartphone users offer a promising growth prospect for the technology vendors, cloud-based service providers, and system integrators. Thus, technological advancements have created ample growth opportunities in the field of parking reservation.

Key players in this market are:

TCS International Inc,

Complus Data Innovations, Inc.

Energy Development Corporation

Group Techna, Inc.

Siemens AG

Passport Parking

3M Company

Amano Corporation, LLC

Affiliated Computer Services

HCL Technologies Ltd.

 

Report Contents Regional Analysis Report Highlights

Market segments

Market Drivers, Restraints and Opportunities

Market Size & Forecast 2016 to 2022

Supply & Demand Value Chain

Market – Current Trends

Competition & Major Companies

Technology and R&D Status

Porters Five Force Analysis

Strategic and Critical Success Factor Analysis of Key Players

 

North America

US and Canada

 

Latin America

Mexico, Brazil, Argentina and Rest of Latin America

 

Western Europe

EU5 (Germany, France, Italy, Spain, U.K.)

Nordic Countries (Denmark, Finland, Norway, and Sweden)

Benelux (Belgium, The Netherlands, and Luxembourg)

Rest of Western Europe

Request For Free Sample @ https://www.kennethresearch.com/sample-request-10065202

 

Eastern Europe

Russia

Poland

Rest of Eastern Europe

 

Asia Pacific

China

India

Japan

Australia and New Zealand

Rest of Asia Pacific

 

Middle East and Africa

GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)

South Africa

North Africa

Rest of Middle East and Africa

 

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

 

Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)

Consumer and Pricing Analysis

Market dynamics of the industry

Market Segmentation

Estimated Market Sizing in terms of volume and value

Recent trends in Market and impact

Research Status and Technology Overview

Extensive Industry Structure Coverage

 

Read More @ https://www.kennethresearch.com/report-details/global-parking-systems/10065202

 

About Kenneth Research:

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

Contact Us

 

Name:  David

Email : [email protected]

Phone: +1 313 462 0609

 

RSS news