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Parking Management Market – Analysis, Technologies & Forecasts to 2021 – Growing Need to Reduce Traffic Congestion & Vehicular Pollution – Research and Markets

by October 25, 2016 General

Research and Markets has announced the addition of the “Parking Management Market – Global Forecast to 2021” report to their offering.The parking management systems market size is estimated to grow from USD 3.03 billion in 2016 to USD 5.00 billion by 2021, at an estimated CAGR of 10.6%.The parking management systems market is driven by factors such as the need to reduce traffic congestion and vehicular pollution, concerns regarding safety, security, and connectivity among travelers, and heavy production of vehicles throughout the world. Whereas, high implementation cost constraints and lack of system integration limit the growth of parking management market.The organizations are rapidly growing their partnership networks to deploy the parking management solutions across globe. Thus, the professional services segment is expected to grow at the highest CAGR during the forecast period, as compared to the software segment. The professional services segment also exhibit a greater share of the parking management market from 2016 to 2021, as compared to the software segment.APAC includes emerging economies, such as China, Australia, Singapore, and India, which are rapidly deploying parking management solutions. APAC is expected to grow at the highest CAGR during the forecast period. This is mainly due to the rise in demand of parking management solutions in verticals such as transportation and governments and muncipalities due to increase in urbanization, regional economic growth, proliferation of mass transit systems, and rise in public parking spaces maintained by the government and municipalities. Furthermore, North America is expected to have the largest market size in 2021.Companies Mentioned:Amano CorporationCubic CorporationIndigoInrix, Inc.Kapsch Trafficcom AGSiemens AGSkidata AGSwarco AGT2 Systems, Inc.Xerox Corporation
Key Topics Covered:1 Introduction2 Research Methodology3 Executive Summary4 Premium Insights5 Parking Management Market Overview6 Parking Management Market: Industry Trends7 Parking Management Market Analysis, By Software and Service8 Parking Management Market Analysis, By Parking Site Type9 Parking Management Market Analysis, By Solution10 Parking Management Market Analysis, By Vertical11 Geographic Analysis12 Competitive Landscape13 Company ProfilesFor more information about this report visit