DUBLIN–(BUSINESS WIRE)–The “Parking Management Market by Parking Site, Application, Service, Solution, and Geography – Global Forecast to 2026” report has been added to ResearchAndMarkets.com’s offering.
The Parking Management Market is assumed to grow at the rate of 9.96% CAGR by 2026.
A rise in the number of vehicles worldwide drives the demand for an effective management system to counter parking issues. The accidents, traffic congestion, and environmental hazards are increasing worldwide and create the need for effective and flexible parking management solutions.
Adopting solutions like ParkPlus System, parking management software, and bicycle parking system offers improved scalability and flexibility to tackle parking woes efficiently. Improper parking management leads to overcrowding of vehicles which results in traffic congestion as well as air and noise pollution. The use of smartphones, GPS, and cloud software is growing to develop accessible way-finding mobile applications that provide real-time data to support drivers navigate the nearest vacant parking space.
As per the service segment, the market is segmented into consulting, system integration & deployment, and support & maintenance. In the competitive market, unanticipated downtime and failure in executing an application may result in the loss of a customer’s trust. Carpark facilities providers partner with support & maintenance service providers to raise the compatibility, agility, and availability of parking management solutions.
Based on Parking Site market is segmented into on-street and off-street. The off-street segment is further segmented into garage and lot parking. Factors like improved mobile applications penetration, improved ticketing and payment solutions for parking guidance, and the introduction of assistive systems are strengthening the off-street segment’s development. Both short- and long-term users use off-street parking systems.
In the regional market, the rise in the number of automobiles in countries like the U.S. and Canada is creating the need for reducing issues like traffic congestion and is instrumental in driving the development of the regional market. The growing adoption of mobile devices and the introduction of mobile apps for finding car park spaces in the U.S. are anticipated to drive the market’s development in the North American region. Moreover, cloud-based car park management solutions are growing as they aid the management of car park facilities cost-effectively.
Companies Mentioned
3M Amano Corporation Cubic Corporation IBM Corporation Kapsch TrafficCom Siemens SKIDATA AG Swarco T2 Systems Xerox Corporation Key Topics Covered:
1. Executive Summary
2. Industry Outlook
2.1. Industry Overview
2.2. Industry Trends
3. Market Snapshot
3.1. Market Definition
3.2. Market Outlook
3.2.1. Porter Five Forces
3.3. Related Markets
4. Market characteristics
4.1. Market Overview
4.2. Market Segmentation
4.3. Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.4. DRO – Impact Analysis
5. Parking Site: Market Size & Analysis
5.1. Overview
5.2. Off-street
5.3. On-street
6. Application: Market Size & Analysis
6.1. Overview
6.2. Commercial
6.3. Government
6.4. Transport Transit
7. Service: Market Size & Analysis
7.1. Overview
7.2. System Integration & Deployment
7.3. Support & Maintenance
7.4. Consulting Services
8. Solution: Market Size & Analysis
8.1. Overview
8.2. Revenue Management
8.3. Parking Reservation Management
8.4. Valet Parking Management
8.5. Access Control
8.6. Security & Surveillance
8.7. Others
9. Geography: Market Size & Analysis
9.1. Overview
9.2. North America
9.3. Europe
9.4. Asia Pacific
9.5. Rest of the World
10. Competitive Landscape
10.1. Competitor Comparison Analysis
10.2. Market Developments
10.2.1. Mergers and Acquisitions, Legal, Awards, Partnerships
10.2.2. Product Launches and execution
11. Vendor Profiles
12. Companies to Watch
13. Analyst Opinion
14. Annexure
14.1. Report Scope
14.2. Market Definitions
14.3. Research Methodology
14.3.1. Data Collation and In-house Estimation
14.3.2. Market Triangulation
14.3.3. Forecasting
14.4. Report Assumptions
14.5. Declarations
14.6. Stakeholders
14.7. Abbreviations
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