The report studies the global parking management solution market
based on type, installed location, and region. Multi-space parking
meters dominate the market in term of type due to their low
maintenance cost, ability to pay with multiple forms of payment, and
flexible features.
Browse The Press Release:
http://www.transparencymarketresearch.com/pressrelease/parking-management-market.htm
North America contributed the leading revenue to the global parking
management solution market in 2016, with the U.S. being the home to a
large number of players in the market. The deployment of modern
advanced parking kiosks is a key trend observed in parking spaces in
Europe. These kiosks are expected to help municipalities and private
garage operators to keep a record of every parking infringement and
provide a comparison against actual citations issued.
Traffic Snarls
Necessitate Technology-driven Vehicular Parking Management Solutions
Demand for smooth traffic movement to address traffic congestion and
other transportation issues is the key factor driving the adoption of
parking management solutions across large cities. Growing global
population and the subsequent increase in the number of vehicles are
the key factors behind traffic congestion.
The increasing number of vehicles across the world is intensifying
the problem pertaining to the scarcity of parking spaces. This has
increased the need for efficient and smart parking systems. Advanced
parking management systems that are currently used not only provide a
high level of convenience to drivers but also simplify business
operations and other functions at parking sites.
The other benefits of parking management solutions include decreased
hardware and connectivity costs and also revenue benefits to parking
site owners. However, factors such as cost sensitivity of parking
space operators who manage parking sites for parking space owner is
posing a challenge to this industry. Nevertheless, parking management
solutions extend growth opportunities for players in regional
economies as well as smart cities across the world. Increased
pollution and safety, security, and connectivity are other concerns
that are driving this market’s growth.
Host of Industry
Verticals Benefit from Parking Management Solutions
The demand for efficient parking management solutions such as multi
space and single space parking kiosks and technological developments
in parking management solution is contributing to the growth of
parking management solution market. Parking management solutions have
been deployed across several industry verticals such as academia,
transportation, government and municipalities, recreation, corporate
and commercial parks, hospitality, retail, BFSI, and others.
The information presented in the review is based on the findings of a
report by Transparency Market Research, titled “Parking Management
Solution Market (Type - Parking Meters and Parking Kiosks; Installed
Location - Street Parking and Parking Venues) - Global Industry
Analysis, Size, Share, Growth, Trends and Forecast, 2017 – 2025.”
About Us
Transparency Market Research (TMR) is a next-generation provider of
syndicated research, customized research, and consulting services.
TMR’s global and regional market intelligence coverage includes
industries such as pharmaceutical, chemicals and materials,
technology and media, food and beverages, and consumer goods, among
others. Each TMR research report provides clients with a 360-degree
view of the market with statistical forecasts, competitive landscape,
detailed segmentation, key trends, and strategic recommendations
U.S. Office
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: www.transparencymarketresearch.com
No comments:
Post a Comment