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Global Parking Management Markets to 2023: A $6.91 Billion Opportunity – ResearchAndMarkets.com

The “Parking
Management – Global Market Outlook (2017-2023)” report has been
added to ResearchAndMarkets.com’s offering.

The Global Parking Management market accounted for $3.11 billion in 2016
and is expected to reach $6.91 billion by 2023 growing at a CAGR of
12.1%.

Rapid increase in production of vehicles had created concern regarding
parking; moreover, in addition to that concern for security,
connectivity and safety. Overcrowding of vehicles leading to air & noise
pollution and advancement in real-time information regarding parking are
the factors energizing the market.

However, integration of parking system in society and cost sensitiveness
depending on the parking sites are the factors restraining the market.

Corporate and Commercial Parks segment among verticals is accounted for
major share in market attributing to demand for efficient parking
facilities in order to develop safe and clean facilities across cities.
Parking Fee and Revenue Management segment is expected to be the
dominant solution in market owing to its application in maximizing the
profit by optimizing the space and business demand.

North American market accounted for the largest market share on account
of rise in number of vehicles in American market. Moreover, Asia-Pacific
market is expected to gain traction due to rising municipalities in
developing economies.

Report Scope

Key Topics Covered

1 Executive Summary

2 Preface

3 Market Trend Analysis

4 Porters Five Force Analysis

5 Global Parking Management Market, By Component

6 Global Parking Management Market, By Solution

7 Global Parking Management Market, By Parking Site Type

8 Global Parking Management Market, By Vertical

9 Global Parking Management Market, By Geography

10 Key Developments

11 Leading Companies

For more information about this report visit https://www.researchandmarkets.com/research/rhlzp7/global_parking?w=4

View source version on businesswire.com: https://www.businesswire.com/news/home/20180615005785/en/