Report Description
A recent market
intelligence report that is published by Data Insights Partner on the
global Off-Street Parking Management System Market makes an offering of in-depth analysis of segments and
sub-segments in the regional and international Off-Street
Parking Management System Market. The research
also emphasizes on the impact of restraints, drivers, and macro indicators on
the regional and global Off-Street Parking Management System Market over the short as well as long period of time. A detailed
presentation of forecast, trends, and dollar values of global Off-Street
Parking Management System Market is offered. In
accordance with the report, the global Off-Street Parking Management System
Market is projected to
expand with healthy CAGR over the period of forecast.
As on date of publishing, this report will capture the
impact assessment of COVID-19 on this market and the same will be considered in
our market forecast methodology. Clients purchasing this report between April
and June 2020 will be getting a ‘free’ updated market data excel sheet between
July and December 2020 accounting for the impact of COVID-19 on the market in
the current year 2020 and forecast period.
Market Insight, Drivers,
Restraints & Opportunity of the Market:
Parking management comprises use of
various programs and policies, resulting in efficient parking. Since,
parking is the basis requirement in the transportation system in this day &
age, demand for the efficient & effective parking facilities is expected to
upsurge rapidly in the forecast period.
The two types of parking
arrangements include on-street parking and off-street parking
Ø
On-street parking refers to
vehicle parking on street or roads. However, on-street parking, permits are
required, depending on policies or norms of each country or region
Ø
Off-street parking refers to
vehicle parking in designated parking lots, driveways and garages. Parking
could be outdoor as well as indoor.
Commuters
prefer automated systems for the purpose of parking, specifically in the urban
areas, owing to increased traffic jamming, preference for the convenience,
& time optimization. Also, increased safety of parked vehicle is intended
to fuel growth of the off-street parking management system market.
Furthermore,
new technologies for vehicle occupancy detection, real-time information access,
and mobile applications for parking guidance and slot management are gaining
traction among new as well as established companies operating in the parking
management market space
Growing vehicle parking across the globe has led to demand for more
available parking space primarily in countries such as Canada, China and few
other European countries. This is attributed to increased travel, growth of
commercial sectors and increased demand for safe and enhanced parking solutions
In order to mitigate increasing demand for parking space and parking
management solutions indirectly, the demand for land availability is
increasing. This is thus, restraining market growth. However, there have been
initiatives by public as well as private sectors to optimize available parking
space.
Segment Covered:
This market
intelligence report on the global Off-Street Parking Management System Market encompasses market segments based on system components
& services, solutions, end use industry and country.
Based on system components & services the
global Off-Street
Parking Management System Market is classified into:
·
Parking Software
§
On-Premise
§
Cloud-Based
·
System Devices
§
Entry/Exit
Terminals
§
Card Readers
§
Validation
Solution
§
LPR System
§
Others
·
Professional
Services
·
Consulting
§
Deployment
and Customization
§
Maintenance
Based on solutions the global Off-Street Parking Management System Market is classified
into:
·
Access Control
·
Parking Fee and
Revenue Management
·
Parking
Reservation Management
·
Valet Parking
Management
·
Parking Guidance
and Slot Management
·
Others
(Parking Enforcement Management)
Based on end use industry the global Off-Street Parking Management System Market is classified
into:
·
Government and
Municipalities
·
Airports
·
Healthcare
·
Corporate and
Commercial Parks
·
Commercial
Institutions
·
Others
(Tourist Destinations and Hospitality Sector)
By country/region, the global Off-Street Parking Management System Market has been divided
into:
·
North America
(the U.S., Canada)
·
Latin America
(Brazil, Mexico, Argentina and other countries)
·
Europe (Germany,
France, the U.K., Spain, Italy, Russia, and other countries)
·
Asia Pacific
(India, Japan, China, Australia and New Zealand and other countries)
·
Middle East and
Africa (GCC, South Africa, Israel and Other countries)
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as:
·
IBM Corporation
·
Xerox Corporation
·
Cubic
Corporation
·
Kapsch
TrafficCom AG
·
TIBA Parking
·
Amano
Corporation
·
Kudelski SA
·
SWARCO AG
·
Nortech Control
Systems Limited
·
Kudelski Group
(SKIDATA AG)
Others players
have been profiled into detail so as to offer a glimpse of the market leaders.
Moreover, parameters such as Off-Street Parking Management System Market related investment & spending and developments by
major players of the market are tracked in this global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that,
Growth Matrix analysis is also provided in the report so as to share insight of
the investment areas that new or existing market players can take into
consideration. Various analytical tools such as DRO analysis, Porter's five
forces analysis has been used in this report to present a clear picture of the
market. The study focuses on the present market trends and provides market
forecast from the year 2020-2028. Emerging trends that would shape the market
demand in the years to come have been highlighted in this report. A competitive
analysis in each of the geographical segments gives an insight into market
share of the global players.
Salient Features:
Ø
This study
offers comprehensive yet detailed analysis of the Off-Street
Parking Management System Market, size of the
market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of
forecast: 2020-2028, taking into account 2019 as the base year
Ø
It explains
upcoming revenue opportunities across various market segments and attractive
matrix of investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market
opportunities, restraints, drivers, launch of new products, competitive market
strategies of leading market players, emerging market trends, and regional
outlook
Ø
Profiling of
key market players in the world Off-Street Parking Management System Market is done by taking into account various parameters such as
company strategies, distribution strategies, product portfolio, financial
performance, key developments, geographical presence, and company overview
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of products, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for Off-Street Parking Management System caters to the needs of various stakeholders pertaining
to this industry, namely suppliers, manufacturers, investors, and distributors
for Off-Street Parking Management System Market. The research also caters to the rising needs of
consulting and research firms, financial analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the investment
opportunities in the Off-Street Parking Management System Market
v
Identification
of key factors driving investment opportunities in the Off-Street
Parking Management System Market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to
your competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants