The article cited AMA's Global Parking Meter Apps Market Study explored substantial growth with CAGR of %. According the report, Increasing Automation Across Service Industry
is one of the primary growth factors for the market. Increasing Number of Parking Facilities in Airports & Railway Stations
is also expected to contribute significantly to the Parking Meter Apps market. Overall, Automatic Vehicle Location
applications of Parking Meter Apps, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as Streetline Inc. (United States), Parwhiz (United States), SpotHero (United States), Parkopedia (United States), Honk (Canada), BestParking (United States), Arrive (United States), Parking Panda (United States), INRIX Inc. (United States), AirportParkingReservations.com (United States) and ParkMobile, LLC (United States) may see astonishing sales in this Market and certainly improve revenue growth.
The End Use, such as Car Parks, is boosting the Parking Meter Apps market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Deployment, such as On-Premise, is boosting the Parking Meter Apps market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Device , such as Mobile, is boosting the Parking Meter Apps market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Parking Meter Apps market identified that the demand is rising in many different parts of the world as "Opportunities Across Asia Pacific Region Propelled by Rising Internet & Smartphone Penetration & Development in Parking Infrastructure". One of the challenges that industry facing is "Reduced Transportation Operations & Public Transportation Across Different Regions Owing to COVID-19 Pandemic is Leading to Reduction in Demand for Parking Meter Apps"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Parking Meter Apps market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Parking Meter Apps market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Parking Meter Apps market tight? Which application/end-user category or Product Type [] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Parking Meter Apps market and other related sub-markets covered in the study.
o Key & emerging players in the Parking Meter Apps market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Parking Meter Apps market size is calculated using market estimation process, the Parking Meter Apps market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Parking Meter Apps market size has been validated using both top-down and bottom-up approaches.