Secunderabad Chronicle

Parking Management Market to Garner US$ 45,125.82 Million, Globally, by 2028 at 4.9% CAGR: The Insight Partners

 Breaking News
  • No posts were found

Parking Management Market to Garner US$ 45,125.82 Million, Globally, by 2028 at 4.9% CAGR: The Insight Partners

November 24
01:12 2021
Parking Management Market to Garner US$ 45,125.82 Million, Globally, by 2028 at 4.9% CAGR: The Insight Partners
The Insight Partners
Accentuating Development of Contactless Parking System Growth Opportunities for Oil Conditioning Monitoring Market during 2021–2028

According to our latest market study on “Parking Management Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Parking site, Solution, Services, and Deployment Type,” market is expected to grow from US$ 32,221.73 million in 2021 to US$ 45,125.82 million by 2028; it is estimated to grow at a CAGR of 4.9% during 2021–2028.

Strategic Insights

Report Coverage

Details

Market Size Value in

US$ 32,221.73 Million in 2021

Market Size Value by

US$ 45,125.82 Million by 2028

Growth rate

CAGR of 4.9% from 2021-2028

Forecast Period

2021-2028

Base Year

2021

No. of Pages

177

No. Tables

109

No. of Charts & Figures

87

Historical data available

Yes

Segments covered

Parking Site , Solutions , Services , Deployment

Regional scope

North America; Europe; Asia Pacific; Latin America; MEA

Country scope

US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

 

Get Exclusive Sample Pages of Parking Management Market at https://www.theinsightpartners.com/sample/TIPAT00002641/

The global automotive industry is experiencing huge demand for vehicles, which is expected to further increase exponentially year on year. The number of vehicles from every class is constantly rising in developed regions and developing regions. According to Organization Internationale des Constructeurs d’Automobiles (OICA), a total number of vehicles sold in 2020 accounted for almost 77 Mn, as compared to 90 Mn in 2019, this drop in number of vehicles sold is due to COVID-19 impact. Out of 77 Mn vehicles sold, the passenger car segment accounted for 53 million, and the rest 24 million recorded for commercial vehicles. 

According to the latest situation report from the World Health Organization (WHO), the US, Spain, Italy, France, Germany, the UK, Russia, Turkey, Brazil, Iran, and China are among the worst-affected countries due to the COVID-19 pandemic. In 2020, the world economy suffered significant consequences, and the effects are expected to endure to some extent. The outbreak has led to disruptions in primary industries including electronics, semiconductor, and automotive. A sharp decline in the growth of mentioned industries is limiting the Parking Management market growth. Factory shutdowns, travel and trade bans, and border lockdowns to combat and contain the infection have impacted the working of many commercial and corporate buildings across the world.

Impact of COVID-19 Pandemic on Parking Management Market

The COVID-19 pandemic has shaken several industries across the world. The lockdown hindered the operations of various industries, including manufacturing and IT. However, essential industries such as fast-moving consumer goods (FMCG) and pharmaceutical had to continue their operations. The outbreak has led to disruptions in primary industries including electronics, semiconductor, and automotive. A sharp decline in the growth of mentioned industries is limiting the Parking Management market growth. Factory shutdowns, travel and trade bans, and border lockdowns to combat and contain the infection have impacted the working of many commercial and corporate buildings across the world.

Download the Latest COVID-19 Analysis on Parking Management Market Growth Research Report at https://www.theinsightpartners.com/covid-analysis-sample/TIPAT00002641

Parking Management Market: Solutions

Based on solution, the parking management market is segmented into parking guidance solutions, parking reservation solutions, parking security & surveillance solutions, and others. In 2020, the others segment led the parking management market and accounted for the largest market share.

Parking Management Market: Services

Based on services, the parking management market is segmented into managed services and professional services. In 2020, the managed services segment led the parking management market and accounted for a larger market share.

Parking Management Market: Deployment

Based on Deployment, the parking management market is segmented into cloud and on-premise. In 2020, the on-premise segment led the parking management market and accounted for a larger market share.

Parking Management Market: Competitive Landscape and Key Developments

Indigo Parking Service, Streetline, Flowbird Group, Parkmobile, TIBA Parking, Smart Parking Limited, T2 Systems, Swarco, Passport Inc., and Siemens AG are among the key players in the global Parking Management market. The leading companies focus on the expansion and diversification of their market presence, and acquisition of new customer base, thereby tapping prevailing business opportunities.

Order a Copy of Parking Management Market Shares, Strategies and Forecasts 2021-2028 Research Report at https://www.theinsightpartners.com/buy/TIPAT00002641/

  • In August 2021, T2 Systems’ Mobile Enforcement Software (MEA), a citation issuance app for iPhones, iPads, and Android tablets, now interacts with Genetec’s AutoVu automated licence plate recognition (ALPR) system, giving parking operations a mobile LPR-based enforcement solution.
  • In August 2021, ParkMobile, the #1 mobile parking app in the U.S. has announced today a new strategic partnership agreement with TIBA Parking Systems, a member of the FAAC group – the largest manufacturer of Parking Management Systems in North America, to provide contactless payment options at gated garage locations.

Browse Related Reports and get Sample copy

Automated Parking System Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Component (Hardware and Software), Automation Level (Semi-Automated and Fully-Automated), Platform (Palleted and Non-Palleted), and End User (Commercial, Mixed-Use, and Residential)

Parking Sensors Market Forecast to 2028 – Covid-19 Impact and Global Analysis – By Type (Front Parking Sensors and Reverse Parking Sensors); Technology (Ultrasonic, Electromagnetic, Infrared, and Laser); Installation (OEM and Aftermarket); Vehicle Type (Heavy Commercial Vehicles, Light & Medium Commercial Vehicles, and Passenger Cars); and Geography

Advanced Airport Technologies Market Forecast to 2028 – COVID-19 Impact and Global Analysis By Type (Airport Communications, Airport Management Software, Car Parking Systems, Airport Digital Signage Systems, Landing Aids Guidance and Lighting, Passenger Baggage and Cargo Handling Control Systems, Others); Airport Class (Class I, Class II, Class III, Class IV) and Geography

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

More Research: https://dailyresearchsheets.com/author/theinsightpartners/

Media Contact
Company Name: The Insight Partners
Contact Person: Sameer Joshi
Email: Send Email
Phone: +1-646-491-9876
City: Pune
State: Maharashtra
Country: India
Website: https://www.theinsightpartners.com/reports/parking-management-market/

Related Articles

Recent Posts

China-hifi-Audio Wholesales SoundArtist Speakers And Reisong Brand Series Audiophile Tube Amplifiers Producing Distortion-Free, Clear and Smooth Sounds

Read Full Article