New York, May 08, 2018: The parking management market is expected to exceed more than US$ 9000 million by 2023.

    The parking management market is segmented on the lines of its software, system device, and service, parking site type, solutions and verticals. Based on software segmentation it covers payment system and information system.  Under system device segmentation it contains automated gates, surveillance cameras and digital video recorders, radio frequency identification transponders, ultrasonic occupancy sensors, handheld ticket writers and parking management meters. The parking management market is segmented on the lines of its services like maintenance and support and deployments and customization

    The number of vehicles are growing on road rapidly which increases problem regarding to the shortage of parking space. Scarcity of parking spaces or parking problems is increasing globally so that parking management is best solution for this problem. Parking management contains various solutions such as it provides information of current parking space existence which results in less traffic congestion to the driver. It also provides efficient and effective use of parking spaces.

    The parking management market is geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geography market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.

    Browse Full Report: https://www.marketresearchengine.com/reportdetails/parking-management-market

    The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report include Tyco Security Products (Nedap AVI), 3M Company, Siemens AG, HCL Technologies Ltd., TCS International Inc, Integrapark, LLC, Complus Data Innovations, Inc., Amano Corporation, Passport Parking, LLC, TransCore LP, Vodafone Group PLC, Affiliated Computer Services, Group Techna, Inc., Netpark, LLC, Data Ticket, Inc., Parkopedia Inc. and Energy Development Corporation. Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments.

    This report provides:

    1) An overview of the global market for parking management and related technologies globally.
    2) Analysis of global market trends, with data from 2015, estimates for 2016 and 2017, and projections of compound annual growth rates (CAGRs) through 2023.
    3) Identifications of new market opportunities and targeted promotional plans for parking management.

    4) Discussion of research and development, and the demand for new products and new applications.
    5) Comprehensive company profiles of major players in the industry.

    The scope of the report includes a detailed study of global and regional markets for various types of parking management solutions with the reasons given for variations in the growth of the industry in certain regions.

    The major driving factors of parking management market are as follows:

    Requirement of smooth traffic flow

    Falling connectivity and hardware costs

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    The Parking Management Market has been segmented as below:

    By Software Analysis

    Payment system

    Information system

    By System Device Analysis

    Automated gates

    Surveillance cameras and digital video recorders

    Radio frequency identification transponders

    Ultrasonic occupancy sensors

    Handheld ticket writers

    Parking management meters

    By Service Analysis

    Maintenance and support

    Deployments and customization

    By Parking site type Analysis

    Off street parking

    On street parking

    By Solution Analysis

    Parking guidance and slot management

    Parking enforcement and slot management

    Valet parking management

    Parking reservation management

    Security and surveillance

    Parking and revenue management

    Pay by plate

    Smart card based

    Coin based

    Access Control

    LPR based automatic vehicle identification

    ID management

    Biometric

    By Verticals Analysis

    BFSI

    Corporate and commercial parks

    Retail

    Hospitality

    Healthcare

    Recreations

    Transportation transits

    Government and municipalities

    Academia

     By Regional Analysis

    North America
    Europe
    Asia-Pacific
    Rest of the World

    Reasons to Buy this Report:

    1) Obtain the most up to date information available on all parking management market globally.

    2) Identify growth segments and opportunities in the industry.
    3) Facilitate decision making on the basis of strong historic and forecast of parking management market data.
    4) Assess your competitor’s refining portfolio and its evolution.

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    Source: http://www.financeswire.com/parking-management-market-growth-industry-trends-report-2023