December 4, 2019

Off Street Parking Management System Market to Significant Growth Foreseen by 2019–2029

An in-depth assessment of data on ‘Off Street Parking Management System Market’, by Persistence Market Research, offers an exhaustive study targeting current trends influencing the business across the profiled regions. Significant details related to market size, market share, applications, and statistics have been included to get a 360 view of the ‘Off Street Parking Management System Market’. The research further focuses on a comprehensive competitive dashboard, wherein growth strategies adopted by market players have been outlined. 

The global off-street parking management system market value reached ~ USD 3,553 Mn in 2018, revealed a recently published report by Persistence Market Research (PMR). As per the report, the global off-street parking management system market is anticipated to grow by ~ 10% year on year in 2019.

Increased Opportunity for Off-Street Parking Management System Market in Healthcare Sector

Many companies are focusing on partnering with healthcare organizations across different regions. Through this strategy, the companies seek to improve its processes and parking service offerings. Furthermore, due to high growth in the smart healthcare infrastructure, the company focuses on expanding its customer base in the healthcare sector.

For instance, in January 2018, LAZ Parking Company partnered with Yale New Haven Hospital to provide parking services. This contract includes several garages and lots totaling 3,000 spaces as well as seven door valet operations that can accommodate nearly 30,000 cars per month.

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Global Off-Street Parking Management System Market Analysis 2014-2018 and Forecast 2019-2029, By End-user

·         Government and Municipalities

·         Airports

·         Healthcare

·         Corporate and Commercial Parks

·         Commercial Institutions

Global Off-Street Parking Management System Market Analysis 2014-2018 and Forecast 2019-2029, By Solutions


·         Access Control

·         Parking Fee and Revenue Management

·         Parking Reservation Management

·         Valet Parking Management

·         Parking Guidance and Slot Management


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Key Players

• IBM Corporation ,

• Xerox Corporation ,

• Cubic Corporation,

• Kapsch TrafficCom AG

Regional analysis includes:

·         North America

·         Latin America

·         Eastern Europe

·         Western Europe

·         Asia Pacific Excluding Japan

·         Japan

·         Middle East and Africa (MEA)


Report Highlights:

·         Shifting Industry dynamics

·         In-depth Capsule Based Inhalation market segmentation

·         Historical, current and projected industry size Recent industry trends

·         Key Competition landscape

·         Strategies of key players and product offerings

·         Potential and niche segments/regions exhibiting promising growth

·         A neutral perspective towards market performance