Parking Management Market Grows at Steady CAGR with Rising Demand – Report by MarketsandMarkets

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The report analyzes market drivers, restraints, and opportunities along with a study on key players, and the competitive outlook. It also provides key insights on the industry trends, adoption trends, and best practices in the parking management market. (



The major companies who are focusing on the parking management sector are Xerox, 3M, Siemens, Cubic Corporation, T2 Systems, SKIDATA, and various others

The market research report "Parking Management Market - Global forecast to 2019” analyzes and studies the major driving and restraining factors for the market across different geographic regions.

Browse “Parking Management Market” through detailed TOC, data tables and figures spread across over 133 report pages.

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Parking management is a key trend in smart transportation management. Access control, security,surveillance, parking fee, revenue management, parking reservation management, valet parking management, parking enforcement, permit management, parking guidance and slot management are the key solutions which are considered as main factors for product portfolio comparison.

Mergers, acquisitions and investments in Research and Development are seen as the signaling points for wide expansion from the players operating in the industry. At present, parking solution and its applications can be found operating in verticals such as academia, government and municipalities, transportation, recreation, healthcare, hospitality, Banking, Financial Services, retail, corporate, commercial parks, Insurance (BFSI) and other verticals. The early entrants are also seen to be growing along with market, technology integration and product innovations.

The report consists of the opportunity analysis of various types of parking management solutions such as access control, security, surveillance, parking enforcement, permit management, parking guidance, parking fee, revenue management, parking reservation management, valet parking management and slot management.

The global Parking Management Market is estimated to reach $9.2 billion by 2019, at a Compound Annual Growth Rate (CAGR) of 12.8% during the forecast period. The report analyzes market sizes and revenue forecasts across different regions such as North America (NA), Europe (EU), Latin America (LA), Asia Pacific (APAC), and Middle East and Africa (MEA).

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