Parking Access Control Market, By Product Type (Swing & Sliding Gates, Garage Doors, Industrial Doors, Pay Stations, Validators and Encoding Stations, Sensors, Cameras, Display Boards and Others), By Solution (Gate Door and Barrier Automation, License Pla

Parking Access Control Market, By Product Type (Swing & Sliding Gates, Garage Doors, Industrial Doors, Pay Stations, Validators and Encoding Stations, Sensors, Cameras, Display Boards and Others), By Solution (Gate Door and Barrier Automation, License Plate Recognition, Loop Detection System, Monitoring and Surveillance and Payment Solutions, and Others), By Technology (Magnetic or Barcode Ticket Technology, RFID Technology, Bluetooth, Wi-Fi and Others), By Vertical (Airports, Government and Municipalities, Shopping Malls, Hospitals, Universities, Hotels, Stadium, Industries, and Others) and by Region (North America, Latin America, Europe, Asia Pacific, Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Parking access control systems mainly use Magnetic or Barcode Ticket Technology, RFID (Radio-frequency identification) Technology, Bluetooth, Wi-Fi technologies to authorize access to vehicles. Barcodes in the parking system provide inexpensive and accurate tickets with reliable read rates. Barcodes can be recognized instantaneously and result in seamless and faster exit. The barcode system is integrated with an inventory management system to keep the records of plate numbers, time in and time out of the vehicles, and the number of available parking spaces. Barcode technology requires less hardware and maintenance cost, and this technology is used in many parking management systems. For instance, in November 2018, RAKINDA Technology Co., Ltd., a China-based company which is a leader in the development of smart card hardware and software systems, introduced the LV4500L Bar code Scanner that is specially designed for parking lot. The main feature of this system is that it reduces labor fee and improves work efficiency
Market Dynamics
RFID readers, RFID labels, computers, barriers, and software are the main product types of RFID technology. This technology is used to monitor and control various reports and operations of the parking system. The main purpose of RFID technology for parking system is to reduce the workload and maintain record of the vehicles by enabling simpler solutions to the problems encountered in the parking lots. The rising number of smart city projects and urbanization increases the demand for RFID technology in the market. For instance, in 2015, the government of India allocated US$ 1,200 million for the development of smart cities in the country. As millions of vehicles are moving from one place to another across the world, it became important to manage parking in a more efficient manner. RFID technology can increase the performance of entry, tracking, and real-time management of permits, and overall security for parking technology.
Market Taxonomy
This report segments the global parking access control market on the basis of product type, solution, technology, vertical, and region. On the basis of product type, global parking access control market is segmented into swing & sliding gates, garage doors, industrial doors, pay stations, validators and encoding stations, sensors, cameras , display boards, and others. On the basis of solution, the global parking access control market is segmented into gate door and barrier automation, license plate recognition, loop detection system, monitoring and surveillance and payment solutions and others. On the basis of technology, the global parking access control market is segmented into magnetic or barcode ticket technology, RFID technology, Bluetooth, Wi-Fi and others. On the basis of vertical, the global parking access control market is segmented into airports, government and municipalities, shopping malls, hospitals, universities, hotels, stadium, industries, and others. On the basis of region, global parking access control market is segmented into North America, Latin America, Europe, Asia pacific, Middle East and Africa.
Key features of the study:
This report provides an in-depth analysis of the global parking access control market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
It profiles leading players in the global parking access control market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered in the global parking access control market are Access, Security & Parking Systems, Inc., ACTi Corporation, Amano Corporation, Cass Parking, Conduent Inc., DESIGNA, Electro Automation, FAAC SPA Soc, HUB Parking Technology, Nortech Access Control Ltd. SKIDATA, SWARCO, TIBA PARKING SYSTEMS, VersionX Innovations Pvt. Ltd, and ZKTECO CO., LTD
These key market players are focusing on collaboration strategy with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers
Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
The global parking access control market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global parking access control market

Detailed Segmentation:
Global Parking Access Control Market, By Product Type:
Swing & Sliding Gates
Garage Doors
Industrial Doors
Pay Stations
Validators and Encoding Stations
Sensors
Cameras
Display Boards
Others
Global Parking Access Control Market, By Solutions:
Gate Door and Barrier Automation
License Plate Recognition
Loop Detection System
Monitoring and Surveillance
Payment Solutions
Others
•Global Parking Access Control Market, By Technology:
Magnetic or Barcode Ticket Technology
RFID Technology
Bluetooth
Wi-Fi
Others
•Global Parking Access Control Market, By Vertical:
Airports
Government and Municipalities
Shopping Malls
Hospitals
Universities
Hotels
Stadium
Industries
Others
Global Parking Access Control Market, By Region:
North America
Latin America
Europe
Asia Pacific
Middle East and Africa
Company Profiles
Access, Security & Parking Systems, Inc.**
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Key highlights
ACTi Corporation
Amano Corporation
Cass Parking
Conduent Inc.
DESIGNA
Electro Automation
FAAC SPA Soc
HUB Parking Technology
Nortech Access Control Ltd.
SKIDATA
SWARCO
TIBA PARKING SYSTEMS
VersionX Innovations Pvt. Ltd
ZKTECO CO., LTD
**All the pointers will also be provided for the rest of the companies.
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