Global Parking management Software Market by types, applications, countries, companies and forecasts to 2025

The Parking Management Software Market size was USD 3.03 Billion in 2017 and is expected to reach USD 5.15 Billion by 2025, growing at a Compound Annual Growth Rate CAGR of 8.7% during the forecast period.

Parking management Software Market has come a long way from the traditional parking methods which included gated and unattended facilities and head meters. As these systems were driven by visual and centralized enforcement methods, they failed to provide a failsafe and streamlined flow of traffic and created numerous bottlenecks. However, the recent emergence of new technologies such as Internet of Things, sensor networks, and connectivity, the parking management landscape is changing rapidly.

Parking Management Software Market is segment on the basis of components and service, solution, parking site, verticals and geography. On the basis of components and service the parking management market is segmented into parking software, parking services and parking devices. Parking software includes systems for parking payment and parking information and management. Parking services include some professional services such as maintenance and support and customizations and deployment. Entire parking management system include various devices and components such as parking meters, handheld ticket writers, radio frequency identification (RFID) transponders, automated gates, occupancy sensors, surveillance cameras and drivers and other devices. Parking management involves several services and solutions which are offered to the customers by management system.

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Top Key Vendors:
Some of the major players in the Parking management Software Market are Spothero, Parkalot, SecurePark, ParkingBoss, Gtechna, Silvertrac, NEX Valet, SKIDATA, Database Works.

Parking management comprises of various programs and policies in order to make efficient use of parking resources. The growing urbanization in metropolitan areas is the reason for increasing number of vehicles and hence the need for parking management. Major forces driving the growth of parking management market are the increasing focus on the seamless traffic flow and growing parking concerns due to increasing production of vehicles. Concern for safety, security and connectivity are other factors driving the growth of Parking Management Software Market.

Regional Outlook:
The global Parking Management Software Market segment by Regions/Countries, this report covers as United States, EU, Japan, China, India, and Southeast Asia.

The Parking Management Software Market report has been compiled through extensive primary research through interviews, surveys, and observations of seasoned analysts and secondary research which entails reputable paid sources, trade journals, and industry body databases. The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain. A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Key Points Covered in TOC:
Global Parking Management Software Market Research Report
Chapter 1 Global Parking Management Software Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Productions, Revenue (Value) by Region
Chapter 5 Global Supplies (Production), Consumption, Export, Import by Regions
Chapter 6 Global Productions, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Global Parking Management Software Market Forecast

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