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Parking Management Market – Worldwide Market Forecasts and Analysis (2013 – 2018)
Parking management is a key trend in smart transportation management. The market is growing, owing to increasing need for smooth traffic flow, and the parking site operators’ urge to provide parking conveniences to the vehicle drivers. Access control, security and surveillance, parking fee and revenue management, parking reservation management, valet parking management, parking enforcement and permit management, and parking guidance and slot management are the key solutions which are taken as the factors for product portfolio comparison. It is seen that 3M offers a wide portfolio of the parking solutions and services with complete credible offerings in most of the solutions. Even though 3M has complete credible offerings yet there has been a ferocious competition for these solutions from players such as Affiliated Computer Services (ACS), SKIDATA, Siemens, HCL, T2 Systems, and various others.
Mergers and acquisitions, investments in Research and Development (R&D) are seen as the signaling points for wide expansion from the players operating in the industry. At present, parking solution and its applications can be found operating in verticals such as academia, government and municipalities, transportation, recreation, healthcare, hospitality, retail, corporate and commercial parks, and Banking, Financial Services, and Insurance (BFSI) and other verticals. The early entrants are also seen to be growing along with market, technology integration and product innovations.
Parking Management Market (Access Control, Security and Surveillance, Revenue Management, Reservation Management, Valet Management, Enforcement and Permit Management, Guidance and Slot Management) Worldwide Market Forecasts & Analysis (2013 – 2018)
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