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Parking Management Market Trends – Increasing adoption of Artificial Intelligence-based services in parking management solutions
— Emergen Research
VANCOUVER, BRITISH COLUMBIA, CANADA, May 9, 2023 /EINPresswire.com/ — The Latest research study released by Emergen Research on “Parking Management Market” with 150+ pages of analysis on business Strategy taken up by key and emerging industry players and delivers know how of the current market development, landscape, technologies, drivers, opportunities, market viewpoint and status. Understanding the segments helps in identifying the importance of different factors that leads the market growth.
The global parking management market size reached USD 3.77 Billion in 2020 and is expected to register a CAGR of 8.1%, during the forecast period, according to latest analysis by Emergen Research. Increasing need for more effective use of parking areas is expected to drive global parking management market revenue growth during the forecast period. In addition, rising number of vehicles globally is expected to propel growth of the global parking management market revenue going ahead. Furthermore, increasing adoption of Artificial Intelligence (AI) based services is expected to boost global parking management market growth.
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Increasing need for more effective use of parking areas is expected to drive global parking management market revenue growth during the forecast period. In addition, rising number of vehicles globally is expected to propel growth of the global parking management market revenue going ahead. Furthermore, increasing adoption of Artificial Intelligence (AI) based services is expected to boost global parking management market growth. Parking Management Market By Offering (Services, Solutions), By Service (Support & Maintenance, System Integration, Consulting), By Solution (Security & Surveillance, Valet Parking, and Others), By Deployment, By Parking Site, By End-use, and By Region Forecast to 2028.
Key Players Included in this report are:
Amano Corporation, Siemens AG, Conduent Inc., T2 Systems, Inc., APCOA Parking AG, IPS Group, Inc., FlashParking, Inc., Q-Free ASA, ParkMobile USA, Inc., Cleverciti Systems GmbH
What can be explored with the Parking Management Market Study?
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Parking Management Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Parking Management Market
Understand the Competitive Scenarios
Track Right Markets
Identify the Right Verticals
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Market Segmentation Analysis
Players can concentrate on high-growth regions and, if necessary, modify their business plan according to the research report. The Parking Management Market is divided into a variety of categories, uses, and geographical areas. Players gain from the report’s regional segmentation research since it offers pertinent data and insights into important geographic marketplaces.
Offering Outlook (Revenue, USD Billion; 2018–2028)
Services
Solutions
Service Outlook (Revenue, USD Billion; 2018–2028)
Support & Maintenance
System Integration
Consulting
COVID-19 Impact Analysis
The post-COVID-19 phase has undergone substantial change, and Parking Management Market research highlights the opportunities and difficulties that still exist. This study report thoroughly examines the effects of the COVID-19 pandemic on the global economy and post-pandemic market behaviour.
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Some Key Highlights from the Report
The solution segment revenue is expected to expand at a significant CAGR during the forecast period. Increasing adoption of parking management solutions by end-users is expected to boost this segment’s revenue growth.
The support & maintenance segment is expected to account for higher revenue share over the forecast period due to rising partnership among parking management solution providers and support & maintenance service providers to boost the agility of parking management solutions.
Increasing demand for revenue management solutions is expected to drive revenue growth of the global parking management market to a significant extent during the forecast period.
Regional Outlook
We carefully examined each division, regional classification, national study, and subject-specific data set during the market research. This Parking Management Market research report’s goal is to look at growth patterns, promising futures, important obstacles, and expected results. Information on significant market participants, strategic alliances, plans, new product launches, and joint ventures are all included in the research.
The key questions answered in this report:
What will be the Market Size and Growth Rate in the forecast year?
What are the Key Factors driving Parking Management Market?
What are the Risks and Challenges in front of the market?
Who are the Key Vendors in Parking Management Market?
What are the Trending Factors influencing the market shares?
What are the Key Outcomes of Porter’s five forces model?
Which are the Global Opportunities for Expanding the Parking Management Market?
Key Reasons to Purchase Parking Management Market Report
The reader will be in a position to comprehend and react to marketing strategies like using strengths and conducting a SWOT analysis.
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