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North America Parking Management Market Forecast 2018-2026

Key Findings
The present smart cities project and future upcoming projects in the North American countries like the United States and Canada are likely to create ample of opportunities for the development and growth of the parking management systems. Over the forecast years of 2018-2026, the North American parking management system market is anticipated to showcase a CAGR of 10.06%.

Market Insights
The United States parking management system market accounted for the highest revenue share in 2017. This is followed by the Canadian market which is expected to account for the second-highest CAGR in this region. The rise in the number of vehicles in Canada has paved the way for the growth of the parking management system in the country. Environment protection has also triggered the growth of parking management market in the country. The advanced and innovative parking management features include the services provided by the parking operators to customers, which includes minimum time requirement, efficient vehicle security, and contactless & cashless payment.

Competitive Insights
Major players in this market are 3M Company, On Track Innovations (OTI) Ltd, Orange Business Services, Q-Free Asa, Kapsch Trafficom Ag, International Business Machines Corporation (IBM), Cisco Systems Inc, T2 Systems Inc, Xerox Corporation, Msr-Traffic, Siemens Ag, HCL Infotech Ltd, Nedap Mobility SolutionsParkopedia, Cubic Corporation, Indigo and Synapt (Division Of Prodapt).
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North America Parking Management Market Forecast 2018-2026
Published By :Inkwood Research
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