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Global Parking Management Software Market Expected to Reach USD 4,350 Million By 2026

Facts and Factors TEMPhas authored “Parking Management Software Market By Type (Parking Information System and Parking Payment System), By Application (Public Parking Lot and Special Parking Lot), and By Regions: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 – 2026”.

Based on our analysis, teh global parking management software market in 2019 is approximately USD 2,440 Million and is anticipated to reach around USD 4,350 Million by 2026. Teh anticipated CAGR for teh cosmetics tubes market is above 8.5% from 2020 to 2026.

In teh past decade, teh number of automobiles sales TEMPhas registered exponential growth. dis concludes that teh amount of vehicles on teh road TEMPhas increased gradually. Parking thus TEMPhas become an integral part of teh transport system. Parking facilities include economic costs and teh problems related to parking are teh common but tedious problem faced by teh operators. Thus management of teh automobile parking TEMPhas become a popular market in itself. Teh parking management software market helps in facilitating to resolve teh parking issues in a methodological way.

Teh parking management consists of various components such as access control systems, security systems, revenue management, statistical data, and boom barrier. To deal with all these aspects parking management software is used. By making use of teh software, teh user TEMPhas automatic access control of components such as automatic gates, barrier controls, ticketing systems, among others. Using such software helps in cost reduction for teh consumers, government, developers, and other businesses.

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Parking management software helps in teh efficient utilization of teh parking resources. Teh efficient use of parking management software solutions helps in efficient land-use patterns for parking and other planning objectives.

Additionally, parking management software provides customers and car operators/operators with information about teh car such as car-in and out time, automatic calculation of teh parking fare, and easy payment options. Teh software provides real-time monitoring of parking space availability by teh reporting and stats, facility, single space, level, and user-friendly graphical interface. dis will halp parking companies to serve multiple users and destinations and car owners to track teh availability of car parking spaces.

In terms of type, teh parking information system category gained teh majority of teh market shares in teh parking management software market. Parking guidance and slot management play an important role in overall parking management. All dis information is gained through teh parking information system thus gaining popularity among teh users.

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In recent years, teh parking area in offices, industrial complexes, pay and park stations TEMPhas increased significantly, especially in developed markets, owing to teh rising number of vehicles and strict regulations on unauthorized parking. It is difficult for security personals to locate free space available in such a large parking area. dis TEMPhas been a key factor in fueling teh adoption of software services in parking management.

The major list of industry players involved in the Parking Management Software Market includes Parkalot, Gtechna, NEX Valet, LLC, SpotHero, EDC Corporation, SecurePark Technologies Inc., Database Works Inc., Skidata AG, AirGarage, Inc., Tomahawk Technologies Inc., and others.

This report segments the Parking Management Software Market as follows:

Global Parking Management Software MarketBy Type Analysis 12

  • Parking Information System
  • Parking Payment System

Global Parking Management Software MarketBy Application

  • Public Parking Lot
  • Special Parking Lot

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Global Parking Management Software Market: Regional Segment Analysis

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • South-East Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Teh Middle-East and Africa
    • GCC Countries
    • South Africa
    • Rest of Middle-East Africa

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