Parking Management Market Worth $8630.76 Million by 2019

DALLAS, September 9, 2014 /PRNewswire/ --

According to new market report "Parking Management Market by Devices (Parking Meter, Ticketing, Occupancy Sensor, RFID, Automated Gates), by Solutions (Access Control, Security, Revenue, Reservation, Enforcement & Guidance Management), & by Services - Worldwide Forecast & Analysis (2014 - 2019)", published by MarketsandMarkets, the report segments the global market into various segments with in-depth analysis and revenue forecasts. It also identifies the drivers and restraints of this market with insights into trends, opportunities, and challenges.

Browse 170 market data tables and 23 figures spread through 266 pages and in-depth TOC on "Parking Management Market- Worldwide Forecast & Analysis (2014 - 2019)"

http://www.marketsandmarkets.com/Market-Reports/parking-management-market-1249.html
Early buyers will receive 10% customization on this report.

MarketsandMarkets has segmented the global Parking Management Market based on system components, services, parking site types and solutions specific to the parking management market. The report also segments the market on the basis of industry verticals (government, Banking, Financial Services, and Insurance (BFSI), IT and telecommunication, healthcare, retail and others), and regions (North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America).

The advancements in the automotive technologies in the last century have seen a massive rise in the number of vehicles on the roads leading to the increase in traffic and parking related problems. Urban and industrial areas have been facing a constant problem of traffic congestion and lack of proper parking management due to inefficient parking facilities. These uses has given rise to the parking management system market which consists of players such as Affiliated Computer Services, 3M, Siemens, HCL, Cubic Corporation, T2 Systems, SKIDATA, etc. which provide solutions, services and products for efficient management of parking systems.

The major forces that are driving growth in this market are rapidly decreasing hardware and connectivity costs, rising need for smoother and faster traffic flow, business benefits for parking site businesses as well as various other factors. The Parking Management Market has been analyzed to have a wide range of opportunities to be exercised for profit and growth in the coming years.

Speak to Analyst:http://www.marketsandmarkets.com/speaktoanalyst.asp?id=1249

MarketsandMarkets forecasts that the Global Parking Management Market is expected to grow from $ 5,025.9 Million in 2014 to $8630.76 Million by 2019. This represents an estimated Compound Annual Growth Rate (CAGR) of 11.4% from 2014 to 2019. In the current scenario, North America is expected to be the largest market on the basis of spending and adoption for parking management services.

Browse Related Reports 

Fleet Management Market (Fleet Analytics, Vehicle Tracking & Fleet Monitoring, Telematics, Vendor Services) By Vehicles (Trucks, Light Goods, Buses, Corporate Fleets, Container Ships, Aircrafts) Worldwide Market Forecasts and Analysis (2013 - 2018)

http://www.marketsandmarkets.com/Market-Reports/fleet-management-systems-market-1020.html

Traffic Management Market by Solutions, Displays & Systems (Full Pedestrian, Parking Space and Toll Management, Above Ground Pedestrian and Vehicle Detection) - Global Advancements, Projects, Worldwide Forecast & Analysis (2014 - 2019)

http://www.marketsandmarkets.com/Market-Reports/traffic-management-market-1036.html

About MarketsandMarkets 

MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.

MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals; including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, telecommunications and IT, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, aerospace & defense.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact: 

Mr. Rohan
North - Dominion Plaza
17304 Preston Road
Suite 800, Dallas, TX 75252
Tel: +1-888-600-6441
Email: [email protected]
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/telecom-it

SOURCE MarketsandMarkets