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. In addition, rising number of vehicles globally is expected to propel growth of the global parking management market revenue going ahead. Furthermore, increasing adoption of Artificial Intelligence (AI) based services is expected to boost global parking management market growth.

The report is formulated with the updated and latest information of the global Parking Management market further validated and verified by the industry experts and professionals. The Global Parking Management Market report contains historical, current, and forecast estimation of the revenue generation and profits for each segment and sub-segment of the Parking Management market in each key region of the world. The report additionally sheds light on the emerging growth opportunities in the business sphere that are anticipated to bolster the growth of the market.

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The study outlines the rapidly evolving and growing market segments along with valuable insights into each element of the industry. The industry has witnessed the entry of several new players, and the report aims to deliver insightful information about their transition and growth in the market. Mergers, acquisitions, partnerships, agreements, product launches, and joint ventures are all outlined in the report.

The leading market contenders listed in the report are:

Amano Corporation, Siemens AG, Conduent Inc., T2 Systems, Inc., APCOA Parking AG, IPS Group, Inc., FlashParking, Inc., Q-Free ASA, ParkMobile USA, Inc., Cleverciti Systems GmbH

Research Report on the Parking Management Market Addresses the Following Key Questions:

• Who are the dominant players of the Parking Management market?
• Which regional market is anticipated to have a high growth rate over the projected period?
• What consumer trends and demands are expected to influence the operations of the market players in the Parking Management market?
• What are the key growth drivers and restraining factors of the Parking Management market?
• What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
• What is the overall impact of the COVID-19 pandemic on the Parking Management market and its key segments?

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Emergen Research has segmented the global Parking Management market on the basis of type, type of care, and region

Segments Covered in this report are:

• Offering Outlook (Revenue, USD Billion; 2018–2028)

  • Services
  • Solutions

• Service Outlook (Revenue, USD Billion; 2018–2028)

  • Support & Maintenance
  • System Integration
  • Consulting

• Solution Outlook (Revenue, USD Billion; 2018–2028)

  • Security & Surveillance
  • Valet Parking
  • Parking Reservation
  • Revenue Management
  • Access Control
  • Others

In conclusion, the Parking Management Market report is an exhaustive database that will help readers formulate lucrative strategies. The Parking Management Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities, challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter’s Five Forces Analysis to study the leading companies.

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