Parking Management Market-Industry Share, Growth, Trends, Analysis

Global Parking Management Market Analysis

According to Planet Market Reports, the global parking management market was valued at USD 3.12 Billion in 2018 and is projected to reach USD 5.95 Billion by 2026, growing at a CAGR of 8.35% from 2019 to 2026.

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What Is Parking Management?

Parking Management refers to the managing and using the resources available for parking the vehicles effectively and efficiently. Due to urbanization, development of infrastructure in metro cities, tier 2, tier 3 and towns, the parking of the vehicles became difficult. Also, the space available for parking the vehicles isn’t accommodating the large number of vehicles as there is increase in number of vehicle users. Parking Management provides extra space to accommodate the extra vehicles with smart parking system, mechanical parking, using the regulations, policies and programs.
Global Parking Management Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.

Planet Market Reports narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The “Global Parking Management Market” is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.

Global Parking Management Market Competitive Landscape

The “Global Parking Management Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Amano Corporation, Chetu, Conduent Inc., Flowbird Group, Indigo Park Services, Q-Free ASA, SKIDATA AG, Streetline, SWARCO, and T2 Systems. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

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