Market Highlights:
A car parking system can be automated with the aid of a parking management solution. It maximizes parking space and streamlines processes. It provides real-time car parking data such as vehicle and slot counts, accessible slots display, reserved parking, pay-and-park options, simple payments, reports, and a variety of other features. Over the last few decades, significant issues resulting from the ever-increasing need for transportation in our everyday lives have been addressed. The parking management solution was developed to help drivers locate an empty space and solve this issue of parking. Signs guide approaching drivers to accessible areas by using sensors in each parking spot that detect the presence or absence of a car. Furthermore, it can be used for both on-road and off-road parking. The increasing number of vehicles on the road around the world has resulted in a noticeable rise in demand for parking management software. The market study is being classified by Type (Parking Guidance Solution, Parking Reservation Management, Parking Permit Management, Parking Enforcement Management and Parking Access and Revenue Control) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).

Key Players:
The prominent players in the Parking Management Solution are Siemens (Germany), Bosch Group (Germany), GROUP Indigo (France), Amano (Japan), Conduent (United States), APCOA PARKING (United States), Precise ParkLink (Canada), SWARCO (Austria), SKIDATA (Austria) and T2 Systems (United States).

In June 2018, the San Diego International Airport (United States) has launched Online Parking Reservation System, which provides various advantages such as highly secure and saves time for the user. Therefore, this launch will affect the growth of the market in the future.

Key Questions Answered in the Report
What will the Parking Management Solution Market size and the growth rate be in Future?
What are the key factors driving the Parking Management Solution Market?
What are the key market trends and macro-economic impacting the growth of the Parking Management Solution Market?
What are the challenges to market growth?
Who are the key vendors in the Parking Management Solution Market?
What are the market opportunities and threats faced by the vendors in the Parking Management Solution Market?
Trending factors influencing the market shares of the Players.
What are the key outcomes of the five forces analysis of the Parking Management Solution Market?

Refer complete Table of Content of Parking Management Solution Market Study

Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Parking Management Solution market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Parking Management Solution market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Parking Management Solution Providers, Automation Companies, Governmental Bodies, End-User Companies, System Integrating Companies, Safety Light Curtain Providers, Research Organizations and Technology Investors.
This helps us to gather the data for the players’ revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.