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  • 26 March 2020 23:36

Automated Parking Management Systems Market Outlook with Industry Review and Forecasts

A market for automated parking systems for parking and vehicle recovery is a technology designed to meet the growing demand for safe and convenient parking due to increases in the number of vehicles.

The global automated parking management systems market size is projected to grow from US$  3400 million by 2026 and growing at a CAGR of around 14% during the forecast era 2019 to 2026.

The latest research report automated parking management systems market added by Acumen Research and Consulting, presents a detailed analysis concerning market share, market valuations, revenue estimation, SWOT analysis, and regional spectrum of the business. The report further highlights regional depth-analysis, key challenges and growth prospects of the market, while examining the business outlook comprising expansion strategies implemented by market leaders.

The research study provides a thorough assessment of the present market trends that influences the market growth. The research also involves the industry's market valuation in terms of revenue, forecast data, geographic spectrum, competitive landscape and SWOT analysis. Furthermore, the study describes major challenges and growth opportunities faced by market players in conjunction with their product offerings and business strategies. This study focuses on North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa top competitors.

The regional market is anticipated to outperform all other areas in the coming years due to advanced technology manufactured in North America. The industry's prominence in the U.S. is also expected to play a main role in market expansion. Other regional sections, such as Asia Pacific, Europe, the Middle East & Africa, and Latin America, are anticipated to read along a favorable growth track in the coming years.

Owing to expanding automated parking management systems market and crucial consumer demand, several vendors are expanding their business through new product development and strategic mergers and acquisitions and partnerships with several vendors. The extensive synopsis of the competitive spectrum of the vertical is one of the most vibrant points that make the automated parking management systems market report offers which makes it worth a purchase. The study also outlines information of the products produced by these companies, which would assist fresh sector participants and significant stakeholders work on their policies for competition and portfolio. Moreover, their policymaking method is likely to become easier as the research report also lists an understanding of the trends in product prices and the income margins of all the main businesses participating in the share of the sector.

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Scope of the Report:

The report first uses historic data from different companies. The data collected is used to analyses the growth of industries in the past years. It includes data from the year 2015 to the year 2019. The forecast data provides the reader with an understating of the future of the market. The same data is used to predict the expectation of the companies and how they are expected to evolve in the coming years. The research provides historical as well as estimated data from the year 2019 to 2026. The details in the report give a brief overview of the market by examining its historical data, the current data, and forecast data to understand the growth of the market.

Competitive Landscape and Share Analysis:

The competition witnessed in the market is soaring hence the global automated parking management systems market competitive landscape provide details by competitors. With rising demand for innovation, players are experimenting with various strategies to gain competitive edge and strengthen their foothold in the market. Several companies operating in the industry are looking at expanding their footprint across emerging nations to capitalize on the prevailing opportunities there.

These companies are looking at capitalizing on this to emerge at the fore of the global market. Growth strategies adopted by the companies operating in the market are examined in detail. This is done to study how these strategies influence on this market. Furthermore, the bargaining power of suppliers and buyers. Furthermore, it reveals threat from new entrants and available substitute products.

Key Players

Profile of the key players in the this research report will be provided, which include key financials, new developments and business strategies. These players contribute a major proportion towards market growth. Moreover, the industry's present and future business perspective for latest innovations (including development possibilities and drivers, as well as difficulties and constraints for both emerged and emerging economies). This report also helps to analyse stakeholder market opportunities by identifying the high growth segments. On the other hand, few players of the automated parking management systems market emphasize their regional presence in co-operation with retailers

The players profiled in the report include Cisco Systems, Inc., Robert Bosch GmbH, Conduent, Inc., Streetline, Inc., Amano McGann, Inc., Altiux Innovations, and Others.

Market Segmentation

Market By Mode of Automation

Semi Automation

Full Automation

Market By Technology




Market By Application



Transport Transit

Market Segment Analysis:

Acumen Research report focuses on market attractiveness by assessing the key market segments. The report also combines region-wise segments for a better understanding of the supply and demand ratio of this market. This exclusive study of the report analyzes the present and future market scenario and the industry trends that are influencing the growth of the segments. Besides, the report also covers the value chain analysis, supply chain analysis, and year-on-year basis analysis of this market.

Market Regional Analysis:

Based on the regions, the global automated parking management systems market is segmented into -North America (US and Canada), Europe (UK, Germany, France, Spain and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea and Rest of Asia-Pacific), Latin America (Mexico, Brazil and Rest of Latin America), Middle East & Africa (GCC, South Africa and Rest of MEA).

Key Questions Answered in the Report

The report addresses key questions concerning the market evolution and overarching trends shaping global market growth. Some of the key questions answered in the report include-

- What is the overall structure of the market?

- What was the historical value and what is the forecasted value of the market?

- What are the key product level trends in the market?

- What are the market level trends in the market?

- Which of the market players are leading and what are their key differential strategies to retain their stronghold?

- Which are the most lucrative regions in the market space?

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About Acumen Research and Consulting:

Acumen Research and Consulting (ARC) is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact based decisions on technology purchases and develop firm growth strategies to sustain market competition. With the team size of 100+ Analysts and collective industry experience of more than 200 years, Acumen Research and Consulting assures to deliver a combination of industry knowledge along with global and country level expertise.

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