The off-street parking management system market is being boosted by constantly increasing traffic and travel and time convenience.

 Global Off-Street Parking Management System Market: Snapshot

During the forecast period of 2017 to 2022, the surge in demand for better parking management solutions, such as proper enforcement techniques, payment methods, and dynamic parking guidance systems, will drive the off-street parking management system market. 


In the coming years, the growing demand for automated parking solutions at ordinary parking structures, particularly in urban areas, is anticipated to support the demand for off-street parking management systems. In addition, the worldwide off-street parking management system market is being boosted by constantly increasing traffic and improvements in travel and time convenience.

Another important driver driving the off-street parking management system market is the growing investment by manufacturers and service providers in creative work programs, which has resulted in upgrades to existing systems and the development of newer systems. Furthermore, firms are focusing on and developing innovative parking management systems in order to increase safety rules. Furthermore, rising concerns about providing a safe and obstacle-free walking space for individuals on foot are expected to increase the global off-street parking management system market.

In the approaching years, the worldwide off-street parking management system industry will most likely be held back by a lack of adequate balance between free market activity in both developed and emerging markets. In industrialized markets, demand for these systems has gradually decreased, however in developing countries, these advancements have been implemented either gradually or not at all. As a result of this aspect, the market is experiencing certain development constraints.

Technological innovation is one of the most important factors influencing the market for off-street parking management systems. The implementation of smart system solutions in off-street parking management systems is likely to reduce maintenance and spare part costs.

Off-street parking is defined as a parking facility that is not connected to the street's traffic flow. An access point is a discrete point of communication between the road and the car park zone. The demand for off-street parking arises as a result of supply offsets in on-street parking. The goal of off-street parking management is to combat the ever-increasing threat of on-street parking. Such sophisticated parking solutions do not obstruct on-road traffic flow. The intersection of the car parked zone and the road is narrowed to a single point, which is commonly referred to as the point of access. Valet parking management, a simplified revenue management system, parking enforcement management, parking slot, guidance management, and parking reservation management are some of the important features of off-street parking systems. End-user sectors such as government infrastructures, airports, municipalities, corporate and commercial parks, and commercial properties have a significant demand for these parking solutions.

During the forecast period, the off-street parking management system market will be primarily driven by the rising need for effective parking management solutions that include correct payment methods, enforcement methods, and dynamic parking guidance systems. Increasing demand for automated parking systems on traditional parking structures, particularly in urban areas, is expected to boost demand for off-street parking management systems over the projection period. Additionally, the global industry is boosted by ever-increasing traffic congestion and the optimization of time and travel convenience. Another key element driving the global market is service providers and manufacturers increasing their investment in research and development initiatives, resulting in enhancements to existing systems and the creation of novel systems to surface. Another key element driving the global market is service providers and manufacturers increasing their investment in research and development initiatives, resulting in enhancements to existing systems and the creation of novel systems to surface.

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