September 14, 2022 10:03 ET | Source: Allied Market Research Allied Market Research

Portland, OR , Sept. 14, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global automated parking management systems market generated $1.4 billion in 2021, and is projected to reach $5.7 billion by 2031, growing at a CAGR of 15.1% from 2022 to 2031. The report offers a detailed analysis of the top winning strategies, evolving market trends, market size and estimations, value chain, key investment pockets, drivers & opportunities, competitive landscape and regional landscape. The report is a useful source of information for new entrants, shareholders, frontrunners, and shareholders in introducing necessary strategies for the future and taking essential steps to significantly strengthen and heighten their position in the market.

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Automated Parking Management Industry Report Coverage & Details:

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The report offers detailed segmentation of the global automated parking management systems market based on component, platform type, automation level, end-use, and region. The report provides a comprehensive analysis of every segment and their respective sub-segment with the help of graphical and tabular representation. This analysis can essentially help market players, investors, and new entrants in determining and devising strategies based on the fastest growing segments and highest revenue generation that is mentioned in the report.

Based on component, the hardware segment held the largest market share in 2021, holding around three-fourths of the global market, and is expected to maintain its leadership status during the forecast period. The software segment, on the other hand, is expected to cite the fastest CAGR of 16.8% during the forecast period.

Based on platform type, the palleted segment held the largest market share in 2021, holding nearly two-thirds of the global market, and is expected to maintain its leadership status during the forecast period. The non-palleted segment, on the other hand, is expected to cite the fastest CAGR of 16.5% during the forecast period.

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Based on end-use, the commercial segment held the dominating market share in 2021, holding more than two-fifths of the global market, and is expected to maintain its leadership status during the forecast period. The residential segment, on the other hand, is expected to cite the fastest CAGR of 16.6% during the forecast period.

Based on region, the market across Europe held the largest market share in 2021, holding more than two-fifths of the global market, and is expected to maintain its leadership status during the forecast period. The Asia-Pacific region, on the other hand, is expected to cite the fastest CAGR of 16.7% during the forecast period.

The key players analyzed in the global automated parking management systems market report include Amano Corporation, FATA Automation, Fehr Lagerlogistik AG (Skyline Parking), Flowbird, IBM Corporation, Klaus Multiparking GmbH, Robotic Parking Systems, Inc., Siemens AG, Skidata GmbH, Streetline, Inc., Swarco, T2 Systems, Unitronics (1989) (RG) Ltd, Westfalia Technologies Inc., and Xerox Corporation.

The report analyzes these key players in the global automated parking management systems market. These market players have made effective use of strategies such as joint ventures, collaborations, expansion, new product launches, partnerships, and others to maximize their foothold and prowess in the industry. The report is helpful in analyzing recent developments, product portfolio, business performance and operating segments by prominent players in the market. 

Schedule a FREE Consultation Call with Our Analysts to Find Solutions for Your Business at https://www.alliedmarketresearch.com/connect-to-analyst/7474 Similar Reports We Have on Parking Management Industry:

Smart Parking Market by Type (Off-street and On-street Parking), Technology (IoT, Ultrasonic, and RFID), Application (Security & Surveillance, Smart Payment System, E-parking, and License Plate Recognition), and End User (Commercial and Government) - Global Opportunity Analysis and Industry Forecast, 2018-2030.

Fully Automated Parking Management Systems Market by System Type (Hardware and Software), End User (Commercial, Residential, and Mixed-use), Design Model (Hydraulics and Electro-mechanical), Platform Type (Palleted and Non-Palleted), and Parking level (Less than Level 5, Level 5- Level 10, and More than Level 10): Global Opportunity Analysis and Industry Forecast, 2020–2030.

Real-Time Parking System Market by Type (On-Street, Off-Street, and Others), and Application (Heavy Commercial Vehicle, Light Commercial Vehicle, Passenger Vehicle, Transport, Aviation, Government, and Other): Global Opportunity Analysis and Industry Forecast, 2020–2030.

Parking Meter Market by Technology [Parking Meter (Single Space), Parking Kiosks (Multi Space)], Parking Mode (Pay & Display, Plate, Space, and Others) and Application (Government Institutions, Hospitals, Parks, Transit Systems, Malls & Stadiums, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030.

Valet Parking Technology Market by Automation Level (Semi-automated, and Fully-automated), System Type (Hardware, and Software), End-user (Hydraulic, and Electro-mechanical), Platform (Palleted, and Non-palleted), Design model (Less than Level 5, Level 5-Level 10, and More than Level 15), and Parking Level (Commercial, Residential, and Mixed-use): Global Opportunity Analysis and Industry Forecast, 2021 – 2030.

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