Global Parking Reservation System Market Size is estimated to expand rapidly in coming years, at a CAGR of 24.6 % from 2018 to 2025. In 2017, the global market valuation was USD 0.7 billion, and it is anticipated to be greater than USD xx.xx billion by 2025. The Parking Reservation System is a scheme that allows riders to reserve a parking space. It also enables riders to see the parking status at gas stations. The enormous growth in population and increase in a number of vehicles have elaborated the need for more parking space in the emerging regions such as North America, Asia Pacific, and Europe. In order to solve complex traffic problems and provide more parking place at public places, key players are investing in parking reservation systems. North America is expected to be the highest growing region in the global market of the parking reservation system.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global parking reservation system market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global parking reservation system market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.

Segment Analysis

By Type Insights: On the basis of type, global parking reservation system market has been segmented into off-street parking, on-street parking. Among which off-street parking segment has accounted for the largest share in the global market of the parking reservation system. Increasing demand for larger parking spaces is the key reason behind the growth of the global market of parking reservation systems.

By Solution Insights: On the basis of solution, global parking reservation system market has been segmented into mobile application-based parking, web-based parking, voice call based parking. Among which mobile application-based parking segment has accounted for the largest share in the global market of the parking reservation system. It includes the use of GPS, GSM, and smartphone systems through which parking spaces can be readily and efficiently reserved. The growing acceptance of smartphones has allowed travel time, velocity data, and destination information to be accessed.

Regional Analysis

The parking reservation system market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. In terms of region, North America has accounted for the largest share in the global market of parking reservation systems. The need for more parking spaces in North America has developed in population and cars. In order to overcome increasing traffic problems in the region, key players are introducing various technologies in the global market of parking reservation systems.

Asia Pacific region is expected to witness high growth in the market in the forecast period. Partnerships and agreements are the crucial techniques that companies charge parking reservation system alternatives to develop in the industry. The growing need for real-time parking availability data, upcoming smart city initiatives, and a growing number of cars are some of the main variables driving the worldwide parking reservation system industry. Europe is anticipated to dominate the global parking reservation system market over the projected period. The increasing need for real-time parking availability information, impending green technology projects, and the increasing number of cars are also some of the primary factors driving the global parking reservation system sector.

Global Parking Reservation System Market Size, Share Analysis by Region 2017

Global Parking Reservation System Market Study Objective

1. To forecast the market size of parking reservation system market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of parking reservation system market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate on significant factors that will have a major impact on the growth of the parking reservation system market, such as drivers, restraints, challenges, and opportunities.

4. The regional analysis of parking reservation system market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.

5. Strategic analysis of micro-markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.

6. To provide detailed analysis of competitive and strategic developments in the parking reservation system market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key Players Landscape

VINCI Park, Standard Parking Corporation, Streetline, Q-Park, National Car Parks, JustPark, ParkMe, APCOA Parking, LAZ Parking, and Ace Parking Management are some of the key players in the market of the parking reservation system.

Global Parking Reservation System Market Study Report Offer You!

The global parking reservation system market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end-user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.