Increasing Demand for Real-Time Information System in the Parking Reservation System Market


Posted October 22, 2018 by dheerajpawar7359

Parking Reservation System Market categorizes the global market by type as off-street parking, on-street parking, by solution as mobile application-based parking, web-based parking, voice call-based parking, by vertical, & by region

 
The report "Parking Reservation System Market by Type (Off-Street Parking, On-Street Parking), by Solution (Mobile Application-Based Parking, Web-Based Parking, Voice Call-Based Parking), by Vertical, by Region - Global Forecast to 2020",The parking reservation system market report is segmented on the basis of type, solution, industry vertical, and geography. This market is estimated to grow from USD 579.6 Million in 2015 to USD 1,665.3 Million by 2020, at a CAGR of 23.5% from 2015 to 2020.The rising need for real-time parking information, smart city projects, and increasing number of vehicles are some of the major factors driving the global parking reservation system market.
Ask for PDF Brochure: http://bit.ly/2JbmXwd
The sale of vehicles is increasing at an exponential rate, as a result of the rising disposable income among consumers, along with increasing global population. Increase in the number of vehicles will lead to more drivers searching for vacant parking slots and reserve parking spaces as per their convenience. Parking reservation systems help address this problem by assisting drivers in finding parking slots, or reserving vacant parking spaces.
The U.S. has the highest number of vehicles, which has further augmented the demand for efficient parking reservation systems in the country. The U.S., China, and India are expected to be major contributors to the global parking reservation systems market in the near future. Thus, increase in the sale of vehicles has positively impacted the growth of the parking reservation system market. Parking reservation systems are being widely adopted by major industry verticals. This technology is still in its introductory phase in regions such as the Middle East & Africa and Latin America. The parking reservation system market in the Middle East & Africa is anticipated to grow in the near future, owing to rise in telecom expenditure and favourable government conditions.
The parking reservation system market, segmented and forecasted on the basis of type, includes on-street parking and off-street parking. On the basis of solution, the market is segmented into web-based application, mobile-based application, and voice call-based application. Further, on the basis of industry verticals, the market is segmented as transportation transits, government & municipalities, retail, hospitality, and recreation, among others. By region, the market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
The parking reservation system market report further provides a competitive benchmarking of leading players in the industry, such as VINCI Park, Standard Parking Corporation, Street line, Q-Park, National Car Parks, JustPark, ParkMe, APCOA Parking, LAZ Parking, and Ace Parking Management in terms of their product offerings, key strategies, and operational parameters. The report provides market trends, overall adoption scenarios, and competitive landscape as well as key drivers, restraints, and opportunities in this market. It aims to estimate the current size and future growth potential of this market across different, solutions, types, verticals, and regions.
Browse 65 market data Tables and 40 Figures spread through 118 Pages and in-depth TOC on "Parking Reservation System Market by Type (Off-Street Parking, On-Street Parking), by Solution (Mobile Application-Based Parking, Web-Based Parking, Voice Call-Based Parking), by Vertical, by Region - Global Forecast to 2020"
https://www.marketsandmarkets.com/Market-Reports/parking-reservation-system-market-220614632.html
Early buyers will receive 10% customization on reports.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: [email protected]
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By MarketsandMarkets™ INC.
Country United States
Categories Research , Software , Technology
Tags mobile applicationbased parking , offstreet parking , onstreet parking , parking reservation system market , voice callbased parking , webbased parking
Last Updated October 22, 2018