The global parking management market size reached USD 3.77 Billion in 2020 and is expected to register a CAGR of 8.1%, during the forecast period, according to latest analysis by Emergen Research. Increasing need for more effective use of parking areas is expected to drive global parking management market revenue growth during the forecast periodThe Global Parking Management Market Research Report published by Emergen Research has been formulated by analysis of key business details and extensive geographical spread of the Parking Management industry. The study offers comprehensive coverage of the qualitative and quantitative analysis of the Parking Management market along with crucial statistical data about the Parking Management market. The research study provides historical data from 2017 to 2018 and offers accurate forecast estimation until 2027. The report also profiles established and emerging players of the market, covering the business overview, product portfolio, strategic alliances, and business expansion strategies. Those are further intended to assist businesses involved in this sector in sound decision-making and formulating lucrative business plans.
To learn more details about the Global Parking Management Market report, visit @ https://www.emergenresearch.com/industry-report/parking-management-market
Research Methodology
The Agricultural Drones Market report is created using primary and secondary research. Primary research involves collection of first-hand information from the industry players by our team. Secondary research involves collection of information from various paid and unpaid sources which is backed by industry experts and analysts.
Major benefits of the report:
The report discusses in detail the changing dynamics of the competitive landscape
The report provides detail-oriented futuristic prospects of factors driving the growth of the market and limitations affecting the market growth
The report gives a comprehensive analysis of the changing dynamics of the market owing to the current scenario
The report encompasses a detailed forecast for the years 2020-2028
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Global Parking Management Market Segmentation:
The global parking management market size reached USD 3.77 Billion in 2020 and is expected to register a CAGR of 8.1%, during the forecast period, according to latest analysis by Emergen Research. Increasing need for more effective use of parking areas is expected to drive global parking management market revenue growth during the forecast period.
Top competitors of the Parking Management Market profiled in the report include:
Amano Corporation, Siemens AG, Conduent Inc., T2 Systems, Inc., APCOA Parking AG, IPS Group, Inc., FlashParking, Inc., Q-Free ASA, ParkMobile USA, Inc., and Cleverciti Systems GmbH
Key Questions Answered in the Report:
- What is the growth rate of the Parking Management market? What is the anticipated market valuation of Parking Management industry by 2027?
- What are the key growth driving and restraining factors of the Parking Management market?
- Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
- What are the key opportunities and growth prospects of the Parking Management industry over the forecast period?
- Which region is expected to show significant growth in the coming years?
Region wise performance of the Parking Management industry
North America Parking Management market forecast is expected to remain significantly positive in terms of revenue share between 2020 and 2028. In addition, North America Parking Management market revenue share is expected to remain comparatively larger than that of other regional markets from 2020 to 2028.
Asia Pacific registered fastest revenue CAGR in 2020, and the Parking Management market forecast is that this trend is expected to continue going ahead. Market forecast states that revenue share contribution from China, India, and South Korea is expected to remain robust till 2028.
Europe Parking Management market forecast is positive currently, with revenue growth expected to remain steady between 2020 and 2028. Robust focus on research and development initiatives by major firms and changing trends and demographics in countries in the region are some factors expected to continue to support Parking Management market growth.
Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:
- United States
- Europe
- China
- Japan
- Southeast Asia
- India
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