What is Parking Management Software?
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.
The market study is broken down by Type (Auto Pay Parking System, Active RFID Parking System, Robotic Parking Systems and Others), by Application (Mall, Residential and Others) and major geographies with country level break-up.
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. Research Analyst at AMA estimates that Players from United States will contribute to the maximum growth of Global Parking Management Software market throughout the predicted period.
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) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are TIBA Parking (United States), Genetec Inc (Canda) and Gateworks Corporation (United States).
AdvanceMarketAnalytics has segmented the market of Global Parking Management Software market by Type, Application and Region.
On the basis of geography, the market of Parking Management Software has been segmented into 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). North America region held largest market share in the year 2019. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Deployment Mode, the sub-segment i.e. On-Premise will boost the Parking Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Organization Size, the sub-segment i.e. SME will boost the Parking Management Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- The growing adoption of parking management software at corporate campuses, airports, and shopping complexes
- Adoption of Cloud Computing
- The growing demand for real-time data to determine the availability of car park spaces
- The proliferation of Mobile and Smartphones
- Technological advancements such as e-payments, Internet of Things (IoT), and wireless parking sensors
- Increasing Adoption of Smart Cities By Governments Across Regions
- Complexity in Software Integration
- High Implementation Costs
Key Target AudienceGovernment Regulatory Bodies, Government Research Organization, Private Research Organization and Others
About ApproachDuring this study the evaluation and validation of the market size is done through various sources including primary and secondary analysis. AMA Research & Media follows industrial and regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
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