Parking Reservation System Market size was valued at USD 0.66 Bn. in 2022 and the total Parking Reservation System revenue is expected to grow by 17% from 2023 to 2029, reaching nearly USD 2.0 Bn.

 

Parking Reservation System  Market Report Overview

According to the research, the  Parking Reservation System  Market is expected to grow at a rapid pace during the forecast period. The report provides a comprehensive analysis of the  Parking Reservation System  industry, shedding light on its structure.

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Parking Reservation System  Market Report Scope and Research Methodology

The  Parking Reservation System  market report was developed using primary and secondary research methods. The primary research involved surveys and interviews with industry experts, while the secondary research involved collecting data from industry publications, government reports, and other sources.

The report provides a region-wise, segment-wise, and sub-segment-wise analysis of the  Parking Reservation System  market dynamics, market size, market share, and key players. It also includes a list of  Parking Reservation System  key competitors in the industry, along with their revenue, financial status, product portfolio, investments, mergers, acquisitions, and joint ventures. SWOT analysis was used to identify the strengths and weaknesses of the key players, as well as the opportunities and threats facing the  Parking Reservation System  industry. The bottom-up approach was used to estimate the  Parking Reservation System  market size.

Parking Reservation System  Market Dynamics 

The increasing disposable incomes have given rise to the number of vehicles. This has resulted in traffic congestion and serious parking issues across many countries. Many of these problems are associated with urban areas where parking issues arise due to space limitations. A lack of proper on-street parking and the slow development of new parking structures are expected to worsen this problem in the coming years.

The lack of parking in residential and commercial facilities causes severe difficulties for companies and residents. Parking providers are also having difficulty keeping daily records on parked vehicles, making it difficult to ensure round-the-clock security. As a result, the demand for parking reservation systems is likely to grow in the coming years.

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The report includes a detailed analysis of several key countries that are:

• • North America (U.S., Canada, Mexico)
  • Europe (UK, Germany, France, Spain, Italy, Rest of Europe)
  • Asia Pacific (China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC)
  • South America (Brazil)

 

• The Middle East and Africa

Parking Reservation System  Market Segmentation

by Parking Site

1. On-street Parking
2. Off-street Parking

by Solutions

1. Web-based
2. Mobile-based
3. Voice Call-based

by End-user Vertical

1. Government
2. Retail
3. Hospitality
4. Entertainment/Recreation
5. Transportation
6. Other End-user Verticals

Parking Reservation System Key Players 

1. Conduent Incorporated (US)
2. INRIX (US)
3. SP Plus Corporation (US)
4. TCS International Inc. (US)
5. Complus Data Innovations, Inc. (US)
6. gtechna, Inc (US)
7. Passport Labs, Inc (US)
8. 3M Company (US)
9. Ace Parking Management, Inc. (US)
10. City-parking (US)
11. Joes Auto Parks (US)
12. Laz Parking (US)
13. MyPark Corp (US)
14. Streetline. (US)
15. Cubic Corporation (Germany)
16. Robert Bosch GmbH (Germany)
17. APCOA Parking Holdings GmbH(Germany)
18. Continental AG (Germany)
19. Amano Corporation ((Japan)
20. AISIN CORPORATION (Japan)
21. Swarco Corporation (Austria)
22. Kapsch TrafficCom (Austria)
23. BePooler (Switzerland)
24. JustPark Limited (UK)
25. VALEO (France)

 

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Key Questions answered in the  Parking Reservation System  Market Report are:

• What was the  Parking Reservation System  Market size in 2022?

• What is the expected  Parking Reservation System  market size by 2029?

• What will be the CAGR of the  Parking Reservation System  market during the forecast period?
• Which region held the largest market share in the  Parking Reservation System  Market?
• Which company held the largest share in the  Parking Reservation System  market?
• What key trends are likely to emerge in the  Parking Reservation System  market in the coming years?
• Who are the  Parking Reservation System  key players in the  Parking Reservation System  industry?

Key offerings:

• Market Overview
• Market Share
• Market Size
• Forecast |2023-2029
• Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
• Market Segmentation- A detailed analysis of each segment and their segments
• Competitive Landscape – Leading key players and other prominent key players.

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