The worldwide Parking Management Systems market is anticipated to reach around USD 9,786 million by 2026 according to a new research published by Polaris Market Research. In 2017, the hardware segment dominated the global market, in terms of revenue. In 2017, North America accounted for the majority share in the global market.
The significant increase in the demand for luxury passenger cars coupled with significant growth in sale of motor vehicles across the world boosts the growth of parking management systems market during the forecast period. Additionally, the increasing need to improve road safety, and streamline traffic flow in populated urban areas supports the market growth. The growing demand for passenger vehicles owing to increasing disposable income, and changing lifestyles, coupled with modernization of vehicles support the growth of the parking management systems market. The increasing development of autonomous and semi-autonomous vehicles, and rising penetration of mobile devices boost the adoption of parking management systems. However, high costs of implementing parking management systems would restrict the market growth during the forecast period. New emerging markets, and growing adoption of smart cities would provide growth opportunities for parking management systems market in the coming years.
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In 2017, North America accounted for the highest share in the global parking management systems market. The growing need to streamline traffic flow coupled with introduction of stringent regulations regarding vehicular safety accelerate the adoption of parking management system in the region. The high living standards and disposable income further increases the demand of luxury automobiles in the region. The increasing development of smart cities in the region, and development of autonomous vehicles would provide growth opportunities during the forecast period.
The major players of the parking management systems market include Skyline Parking AG, Siemens AG, T2 Systems, IBM Corporation, Swarco Corporation, Kapsch TrafficCom, Skidata, Passport Inc., SAP, and Indigo Park Services. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
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The global automation as a service is growing rapidly.
Robotic process automation (RPA) software helps industries automate business processes for lower-cost production, improved compliance, and increased productivity.Moreover, the augmenting demand for time and cost-effective manufacturing techniques escalate market growth.
Advancements in the automation and Internet of Things (IoT) devices foster the growth of the market.
Nevertheless, substantial R investments would support market growth throughout the review period, bringing about novel automation devices and services.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/5551Global Automation as a Service Market – SegmentationThe report is segmented into six dynamics;By Component : Solutions and Services (deployment & integration and support & training, others).By Deployment : Cloud-based and On-Premise.By Organization Size: Small-to-Medium-Sized and Large Enterprises.By Application : Information Technology (IT), Sales & Marketing, Operations, Finance & Human Resources (HR), and others.By End-User : BFSI, Telecommunications & IT, Retail & Wholesales, Healthcare & Life Science, Transportation & Logistics, Media & Entertainment, Hospitality, and others.By Regions : Americas, Europe, APAC, and Rest-of-the-World.Automation-as-a-Service Market – Geographical AnalysisNorth America dominates the global automation as a service market.
The rising adoption of automation as a service in the telecommunications & IT sector creates substantial market demand.The increase in the adoption of automation and cloud technologies among enterprises pushes the regional market's growth.
Additionally, the proliferation of smart & connected devices and the Internet acts as a key driving force for the growth of the regional market.Furthermore, spurting growth in consumer electronics, automotive, aerospace & defense, and telecommunication industries stimulates the market growth in the region.
New York, NY 24 Feb 2021: The cyber security market is anticipated to reach over USD 269.76 billion by 2026 according to a new study published by Polaris Market Research.
In 2019, the enterprise segment dominated the global market, in terms of revenue.
The growing need for protection of sensitive data, and increasing cyber terrorism has boosted the adoption of cyber security solutions.
Additionally, the increasing demand of cyber security solutions from small and medium enterprises has supported market growth over the years.
Growing demand from emerging economies is expected to provide numerous growth opportunities in the coming years.
Request For Sample Copy @ https://www.polarismarketresearch.com/industry-analysis/cyber-security-market/request-for-sample The cases of cyber-attacks in the healthcare sector have increased significantly over the years.
Global Cyber Security Market: Trending in 2021 New York, NY 31 May 2021: The cyber security market is anticipated to reach over USD 269.76 billion by 2026 according to a new study published by Polaris Market Research.
The growing need for protection of sensitive data, and increasing cyber terrorism has boosted the adoption of cyber security solutions.
Additionally, the increasing demand of cyber security solutions from small and medium enterprises has supported market growth over the years.
Growing demand from emerging economies is expected to provide numerous growth opportunities in the coming years.
The cases of cyber-attacks in the healthcare sector have increased significantly over the years.
The healthcare sector is prone to cyber-attacks owing to limited budget allocation by healthcare institutions for cyber security.
The Smart Cities Market research report provides the latest industry data, growth, key segments and future trends on the basis of the detailed study.
This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.The report also covers detailed competitive landscape including company profiles of key players operating in the global market.
The key players in the smart cities market include ABB Group, Cisco Systems Inc., General Electric Company, Honeywell International Inc., Huawei Technologies Ltd., IBM Corporation, Microsoft Corporation, Schneider Electric SE, and Siemens AG.
An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.Get more information on "Global Smart Cities Market Research Report" by requesting FREE Sample Copy athttps://www.valuemarketresearch.com/contact/smart-cities-market/download-sampleMarket DynamicsThe rising demand for smart city solutions along with an increasing population and the changing lifestyle of people is stimulating the growth of the smart city market.
Moreover, increasing focus on environmental sustainability, as there is a need to optimize and protect the limited natural resources, is further pushing the market growth.
On the flip side, the high development cost for smart cities is likely to impede market growth.This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis.
