Parking management comprises several programs and policies which result in effective utilization of parking services. The ever increasing global number of vehicles is worsening the issue of already acute shortage of parking space, especially in metropolitan areas. This is due to growing urban revitalization, explosive semi-urban development and an upward trend of mobility in our society. Drivers failing to find adequate parking space is at the base of traffic congestion problems. These problems pave the path for efficient and smart parking management systems that would provide advanced levels of automation and convenience to drivers, besides simplifying administrative functions and business operations of parking space owners.
The report tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analyzing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the Parking Management Market. The scope of this report covers the Parking Management Market by its major segments, which include the types, applications, and the major geographic regions.
KEY BENEFITS OF THE REPORT
KEY PREMIUM INDUSTRY INSIGHTS
On the basis of geography, the parking management market may be categorized into regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The North American market generally accounts for majority of the market share. The upsurge in the figure of vehicles in the U.S. and Canada has proved vital in generating growth for the parking management market. Increase in the number of municipalities in growing economies such as China, India, Brazil and South Korea may be a cause behind the penetration of the parking management market in the Asia Pacific and Latin America regions. Furthermore, in European countries, the directives of the European Union to minimize environmental pollution are already favorably influencing the demand for installing new parking management systems
The research methodology for Scalar Market Research’s Parking Management Market report utilizes a combination of top-down and bottom-up research formats. Our primary focus on continuous market tracking, rigorous fact-checking, data-triangulation, and multiple layers of quality control ensures high-quality data that can be leveraged for actionable research insights.
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This report analyzes the Parking Management Market by the following segments:
KEY MARKET PLAYERS
Key players in the Parking Management Market include:
GEOGRAPHIC COVERAGE AND ANALYSIS
This granular market research report covers the following geographic regions in great detail:
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