Off Street Parking Management System Market 2022-2029
New Study Reports ” Off-Street Parking Management System Market 2022: Global Key Players, Trends, Share, Industry Size, Segmentation, Opportunities, Forecast To 2029″ has been Added on PMR.
Report Overview
The report on the Off Street Parking Management System Market provided based on the recent developments and data that has been collated from the previous year’s looks to provide a thorough understanding. The market overview provided in the initial section looks to provide the reader with adequate information regarding the product and services. It focuses on the market definition along with the product applications and end-user industries. The report covers a period spanning from 2022 to 2029. Competitive analysis and prominent industry trends have been included in the in-depth study provided in the main section of the report.
The off-street parking management system market will be valued at US$5.7 bn by 2022, expanding at a CAGR of 9.10% between 2015 and 2022. The valuation of the market in 2015 was US$3.4 bn.
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The increasing volume of traffic in metropolitan areas is necessitating technology-enabled parking and traffic management systems, says a recent market study carried out by Persistence Market Research (PMR). In this realm, PMR has released a market study on the global off-street parking management system market for the forecast period from 2015 to 2022. The report is titled “Global Market Study on Off-Street Parking Management System: Middle East And Africa to Witness Highest Growth by 2022” and is available for sale on the company website. The report presents an in-depth analysis of the various factors that will impact the development of the market during the forecast period.
The demand for off-street parking management systems will be on the rise due to several reasons, says the PMR report. Increasing parking facilities and increasing preference of consumers for off-street parking that features integration of parking resources, surveillance and safety, and automated payment are bolstering the demand for off-street parking management systems.
Key Players:
The report has profiled some of the Important players prevalent in the global like – 3M Company, Amono Corporation, IBM Corporation, Xerox Corporation, and Skidata AG., Cubic Corporation, Tiba Parking LLC, Nortech Control Systems Limited, Kapsch TrafficCom AG, and SWARCO AG and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Off Street Parking Management System.
In present times, environmental deterioration is a concern that has caught the attention of welfare agencies across the world. In this regard, vehicular carbon emissions, which are significantly associated with environmental degradation, are what these agencies are seeking to reduce at every level. Thus, the use of technology-enabled traffic management solutions for parking directions, slot reservations, and enhanced parking experience, which saves on fuel indirectly to some extent, is encouraging the deployment of off-street parking management systems.
In technologically advanced countries such as Japan, the parking systems business sector consistently endeavors to implement eco-friendly initiatives for traffic congestion problems that also offer economical parking management solutions, security against crimes, and safety from accidents in these facilities. As such, the deployment of off-street parking management systems has been on a rise in the country.
In 2015, North America stood as the largest market for off-street parking management systems, accounting for 29.8% of the overall market. However, the Middle East and Africa region will exhibit the highest growth in the market during the forecast period. The development of smart cities with the involvement of tech-savvy international companies in the region is facilitating the deployment of these systems.
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Key Stakeholders
Off Street Parking Management System Market Manufacturers
Off Street Parking Management System Market Distributors/Traders/Wholesalers
Off Street Parking Management System Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Off-Street Parking Management System Market – Report Highlights
- A detailed overview of parent market of Off-Street Parking Management System market
- Changing Off-Street Parking Management System market dynamics in the industry
- In-depth segmentation of the Off-Street Parking Management System market
- Historical, current, and projected Off-Street Parking Management System market size regarding volume and value
- Recent industry trends and developments in Off-Street Parking Management System market
- Competitive landscape of the Off-Street Parking Management System market
- Strategies for key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on Off-Street Parking Management System market performance
- Must-have information for Off-Street Parking Management System market players to sustain and enhance their market footprint
Key Questions Answered in This Report.
- What will the Market growth rate in Future?
- What are the key factors driving the global Market?
- Who are the key manufacturers in Market space?
- What are the opportunities and threats faced by the vendors in the global industry?
- What are sales, revenue, and price analysis by regions of industry?
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