Summary of Parking Management Market Report.
Global Parking Management industry valued approximately USD 3 billion in 2016 is anticipated to grow with a healthy growth rate of more than 11% over the forecast period 2017-2025. The escalating number of vehicles worldwide and at the same time the diminishing number of parking spots on-street is one of the prime factor involved in the growth of this industry.
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The objective of the study is to define market sizes of different segments & countries in previous years and to forecast the values to the next eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry with respect to each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as drivers & restraining factors which will define the future growth of the market. Additionally, it will also incorporate the opportunities available in micro markets for stakeholders to invest, detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
§ Transport Transit
§ Access Control
§ Security & Surveillance
§ Revenue Management
§ Parking Reservation Management
§ Valet Parking Management
Furthermore, the years considered for the study are as follows:
Historical year – 2015
Base year – 2016
Forecast period – 2017 to 2025
Some of the key manufacturers involved in the market are Kapsch, Siemens AG., SKIDATA, Xerox Corporation, Cisco Systems Inc., Deutsche Telekom AG, HCL Technologies Limited, and IBM Corporation. Acquisitions and effective mergers are one of the expansion strategies taken by the key manufacturers.
Target Audience of the Parking Management Market Study
§ Key Consulting Companies & Advisors
§ Large, medium-sized, and small enterprises
§ Venture capitalists
§ Value-Added Resellers (VARs)
§ Third-party knowledge providers
§ Investment bankers
Please note that owing to the criticality of the Parking Management market and rapidly changing market attributes, we are in the middle of updating the report. The final report may require 2 to 3 working days post-confirmation in order to cater to the most recent updates.
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