DUBLIN--(BUSINESS WIRE)--May 16, 2018--The "Global Parking Reservation Systems Market - by Parking Site, Solutions, and End-user Vertical - Geography, Trends and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The global parking reservation systems market is expected to witness a CAGR of 9.61%, over the forecast period 2018-2023.

As the penetration of smartphones and internet is growing, the governments and companies are introducing many digital initiatives. As many people are opting for technology and are interested in gathering online information, it has become very easy for the solution providers to increase their revenues through mobile-based parking reservation solutions. Unlike the past few years, where only personal computers were used as a medium for internet services, current smartphone evolution and the availability of high-speed internet services on smartphones made it possible for the mobile-based solution providers to penetrate rapidly.

Being home to major automotive industry leaders, such as General Motors, Ford, Chryslers and many others, the vehicle production in North America is growing at the rate of 7.5% year-on-year. This rate is being witnessed due to urbanization and the changing lifestyles of a major chunk of the population. With the increasing usage of cars across the region, the demand for parking reservation systems is also growing. North America is the early adopter of the technology and is in its growth phase.

Companies Mentioned

International Business Machines Corporation (IBM) Infra Park S.A.S Xerox Corporation Siemens Ag The 3m Company Parkme Justpark The Kapsch Group Standard Parking Corporation Apcoa Parking Ag,Streetline Inc. Amano Corporatio

Key Topics Covered:

1. Introduction

2. Research Approach and Methodology

3. Executive Summary

4. Market Dynamics

5. Global Parking Reservation Systems Market Segmentation

6. Competitive Intelligence - Company Profiles

7. Investment Analysis

8. Future of the Global Parking Reservation Systems Market

For more information about this report visit https://www.researchandmarkets.com/research/gn4h46/global_parking?w=4

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Related Topics:Telematics and Vehicle Electronics

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY MOBILE/WIRELESS AUTOMOTIVE GENERAL AUTOMOTIVE

SOURCE: Research and Markets

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PUB: 05/16/2018 04:37 PM/DISC: 05/16/2018 04:37 PM

http://www.businesswire.com/news/home/20180516006466/en