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Emerging Trends and Opportunities in the Parking Reservation System Market: Forecast to 2029.

Submitted by Simran4you on Fri, 06/23/2023 - 06:53

Data Bridge Market Research has recently published the comprehensive business research on "Parking Reservation System Market" includes historic data, present market trends, future product environment, marketing strategies, technological innovation, upcoming technologies, emerging trends or opportunities, and the technical progress in the related industry. "Parking Reservation System Market" research report gives critical information about the market and business landscape. It suggests how the company is perceived by the target customers and clients that are desired to reach. The report helps understand how to connect with customers, how to stack up against the competition, and how to plan next steps. It plays an important role in the process of developing products and services, bringing them to the marketplace, and marketing them to consumers. For many businesses, "Parking Reservation System Market" report acts as a key component in developing marketing strategy by providing a fact-based foundation for estimating sales and profitability.

Global parking reservation system market was valued at USD 837.20 million in 2021 and is expected to reach USD 1357.71 million by 2029, registering a CAGR of 6.23% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

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Market Definition:

The parking reservation system is the developed space where the individual can book a car space (parking purpose) and apply for various other additional services provided by the apps or websites related to the parking reservation systems. People are able to reserve spaces for parking of the vehicle from their comfort places or on the go. Furthermore, the smart parking systems has attained increased productivity reduced operating costs added facility value and others. All these parameters are projected to generate lucrative growth opportunities for the market.

Some of the major players operating in the parking reservation system market are

Streetline. (U.S.)
NCP (England)
INRIX Inc. (U.S.)
ACE Parking. (U.S.)
Siemens (Germany)
3M (U.S.)
Xerox Corporation. (U.S.)
SP Plus Corporation (U.S.)
LAZ Parking. (U.S.)
Conduent, Inc (U.S.)
Kapsch TrafficCom AG (Austria)
Robert Bosch GmbH (Germany)
Continental AG (Germany)
VALEO (France)
BorgWarner Inc. (U.K)
Cubic Corporation (Germany)
Amano Corporation. (Japan)

Global Parking Reservation System Market Scope

The parking reservation system market is segmented on the basis of vertical, solutions and type. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.


Transportation Transits
Government and Municipalities


Web-Based Application
Mobile-Based Application
Voice Call-Based Application


Valet Parking
Manual Parking
Automated Parking

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Parking Reservation System Market Regional Analysis/Insights

The parking reservation system market is analyzed and market size insights and trends are provided by vertical, solutions and type as referenced above.

The countries covered in the parking reservation system market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the parking reservation system market because of the growing adoption of smart parking reservation systems within the region.

North America is expected to grow within the forecasted period of 2022-2029 due to stringent government regulations and high demands for the parking reservation systems within the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

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