New York, Global Parking Management Solutions Market report from Global Insight Services is the single authoritative source of intelligence on Parking Management Solutions Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Parking management solutions are a set of tools and processes used to optimize parking availability and usage. The goal is to reduce congestion and improve the overall parking experience. Common solutions include real-time parking guidance, dynamic pricing, and demand-based pricing.
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Key Trends
In recent years, there has been a shift in the parking industry towards more sophisticated parking management solutions. This is in response to the growing demand for better parking options and the need for more efficient and effective parking operations.
Some of the key trends in parking management solutions technology include:
1. The use of big data and analytics to improve parking operations.
2. The integration of parking management solutions with other systems such as transportation and city management systems.
3. The use of mobile technologies to provide real-time information to drivers and to enable parking transactions.
4. The development of new technologies such as electric vehicle charging stations and automated parking systems.
Key Drivers
The key drivers of Parking Management Solutions market are the need for efficient management of parking areas and the need to reduce traffic congestion. Parking management solutions help in reducing traffic congestion by optimizing the use of parking spaces and by providing real-time information to drivers about available parking spaces. Parking management solutions also help in improving the efficiency of parking operations and in reducing the cost of parking.
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Market Segments
The Parking Management Solutions Market is segmented by technology, installation location, and region. By technology, the market is divided into parking meters-based and parking kiosks-based. On the basis of installation location, it is bifurcated into street parking and parking venues. Region-wise the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.
Key Players
The Parking Management Solutions Market includes players such as GROUP Indigo, Amano, Siemens, Bosch Group, Conduent, APCOA PARKING, Precise ParkLink, SWARCO, SKIDATA and T2 Systems.
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