Industry Background:
The global Parking Management Software market is expected to witness high demand in the forecasted period due to an increase in the number of vehicles across the world. The adoption of solutions such as parking management software, ParkPlus System, and bicycle parking system offers enhanced scalability and flexibility to efficiently tackle parking woes. Furthermore, the use of mobile wallets and electronic payment systems in car park management is becoming popular among online and smartphone users.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Oobeo,Iinc (United States), SecurePark Technologies (Canda), Parkalot (Poland), SpotHero (United States), Gtechna (United States), Parkable (New Zealand), ParkOffice (New York), SKIDATA (Austria), T2 Systems (United States) and ParkSol (Lithuania) |
This growth is primarily driven by The growing demand for real-time data to determine the availability of car park spaces and The proliferation of Mobile and Smartphones.
Globally, a noticeable market trend is evident The growing adoption of parking management software at corporate campuses, airports, and shopping complexes
The Internet Software & Services sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Oobeo,Iinc (United States), SecurePark Technologies (Canda), Parkalot (Poland), SpotHero (United States), Gtechna (United States), Parkable (New Zealand), ParkOffice (New York), SKIDATA (Austria), T2 Systems (United States) and ParkSol (Lithuania), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Influencing Trend:
The growing adoption of parking management software at corporate campuses, airports, and shopping complexes and Adoption of Cloud Computing
Market Growth Drivers:
The growing demand for real-time data to determine the availability of car park spaces and The proliferation of Mobile and Smartphones
Challenges:
High Implementation Costs
Restraints:
Complexity in Software Integration
Opportunities:
Technological advancements such as e-payments, Internet of Things (IoT), and wireless parking sensors and Increasing Adoption of Smart Cities By Governments Across Regions
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Parking Management Software Market
- Analysis about New Entrants in Parking Management Software Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Parking Management Software Study Sheds Light on
The Parking Management Software Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Parking Management Software industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Parking Management Software industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.