Parking Management Global Market Report 2024

Global Parking Management Market Report 2024

Parking Management Global Market Report 2024 – By Solution (Access Control, Security & Surveillance, Revenue Management, Parking Reservation Management, Valet Parking Management, Other Solutions), By Parking Site (On Street, Off Street), By Application (Transport Transit, Commercial, Government) – Market Size, Trends, And Global Forecast 2024-2033

Name: Parking Management Global Market Report 2024
Creator: The Business Research Company
License: https://www.thebusinessresearchcompany.com/privacy-policy

Parking Management Global Market Report 2024

Starting Price : $4000.00 $3200.00 | Pages : 200 | Published : October 2024 | Delivery Time: 2-3 business days | Format : pdf

Purchase Options

Request a Sample

Request For Discount

Customise Your Report

Item added to cart!

Request For Proposal

Request For Regional Data

FAQs

Need assistance or more information before the purchase?

Enquire Before Buying

Parking Management Global Market Report 2024

Proud Members Of

Parking Management Market Definition

Parking management refers to solution and service systems focused on managing and using parking sources effectively and efficiently, providing simple parking tactics to the authorities to meet the requirements of controlled parking, and aiding in the reduction of long-waiting times and costs through advanced technologies.

The main type of parking sites in parking management is on-street and off-street. On-street parking management refers to a parking management solution for an on-street parking site focused on the parking spaces within a designated area on the street. The main parking management solutions include access control, security management, revenue management, parking reservation management, valet parking management, and others. These parking management solutions are widely used by transport transit, commercial, and government entities.

Parking Management Market Segmentation

The parking management market covered in this report is segmented –

1) By Solution: Access Control, Security & Surveillance, Revenue Management, Parking Reservation Management, Valet Parking Management, Other Solutions

2) By Parking Site: On Street, Off Street

3) By Application: Transport Transit, Commercial, Government

Global Parking Management Market Size 2023 to 2028: Graph

Parking Management Market Size 2024 And Growth Rate

The parking management market size has grown strongly in recent years. It will grow from $3.54 billion in 2023 to $3.87 billion in 2024 at a compound annual growth rate (CAGR) of 9.3%. The growth in the historic period can be attributed to urbanization and population growth, government initiatives for smart cities, rising concerns about traffic congestion, increased vehicle ownership, environmental sustainability initiatives.

Parking Management Market Growth Forecast

The parking management market size is expected to see strong growth in the next few years. It will grow to $5.4 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to emergence of autonomous vehicles, data analytics and predictive parking solutions, regulatory compliance and parking policies. Major trends in the forecast period include integration of smart technologies, advancements in payment technologies, contactless payment systems, environmentally sustainable solutions.

Book your 30 minutes free consultation with our research experts

Parking Management Market Driver: Global Parking Management Market Surges With Optimal Space Utilization Demand

The increasing demand for optimal parking space utilization across the globe is driving the growth of the parking management market. In the current era, an increase in vehicles results in the mismanagement of parking spaces across the globe. The authorities operating parking spaces are increasingly investing in advanced parking management solutions for optimal business performance and error-free operations. For instance, in August 2022, Parking Network, a Netherlands-based statistical company, stated that, in large centers and non-residential regions, between 50 and 70% of the land is set aside for parking, compared to an average of 35% in residential areas across the globe, whereas there are 8 parking places available for every vehicle in the US. Therefore, the growing demand for optimum utilization of parking spaces is expected to boost demand for parking management market during the forecast period.

Parking Management Market Driver: The Surge Of Vehicles Production Is Anticipated To Boost The Parking Management Market Growth

The increasing vehicle production is expected to propel the growth of the parking management market going forward. Vehicles refer to a broad category of conveyances or means of transportation designed for carrying people or goods. As vehicle production continues to rise, parking management becomes increasingly crucial for creating more parking options without needing additional land and providing convenient and secure parking near stations. For instance, in May 2023, according to the European Automobile Manufacturers’ Association (ACEA), a Belgium-based automobile industry organization, in the year 2022, global motor vehicle production reached 85.4 million units, reflecting a growth of 5.7% compared to the figures recorded in 2021. Therefore, increasing vehicle production is driving the parking management market growth.

Global Parking Management Market Major Players

Major companies operating in the parking management market report are Bosch Group, Siemens AG, IBM Corporation, SAP SE, Atos SE, DEPLOT, Xerox Corporation, Globe Group Indigo, Flowbird Group, SWARCO, Amano Corporation, SKIDATA, Precise Parklink, IPS Group, Inrix Inc., Q-Free ASA, Chetu, Passport Labs Inc., SpotHero, Nex Valet LLC, FlashParking Inc., Streetline, TIBA Parking, ParkMobile LLC, T2 Systems, Get My Parking, Bond Traffic Solutions, Cleverciti Systems, Robotic Parking Systems Inc., Infocomm Group LLC

Global Parking Management Market Trend: Industry Leaders Embraces Compliance Solutions To Revolutionize Parking Management Market

Major companies operating in the parking management market are focused on developing innovative technologies such as parking compliance management solutions. A Parking Compliance Management Solution refers to a comprehensive system designed to manage and enforce parking regulations and compliance within a specific area, such as a city, campus, or private facility. For instance, in March 2021, Smart Parking Limited, an Australia-based company offering car park management solutions launched the ‘Tessera’ app. The app utilizes SmartCloud platform that offers end-to-end parking management and enforcement system. The Tessera app empowers city parking wardens to conduct patrols of parking sites with increased efficiency and safety. The app's functionality incorporates real-time, automatic alerts triggered by in-ground sensors, notifying of a parking violation, such as overstaying or non-payment.

Global Parking Management Market Trend: QR-Based Digital Payment Solution For Modern Parkers

Major companies operating in the parking management market are concentrating their efforts on developing innovative solutions such as digital payment technology. Digital payment technology refers to the use of electronic or digital methods to facilitate financial transactions. This technology allows individuals, businesses, and organizations to make payments, transfers, and other financial transactions using electronic devices and online platforms. For instance, in October 2023, HUB Parking Technology, an Italy-based manufacturer and provider of smart parking solutions announced the launch of ‘J4Pay’ application. It is a mobile QR-based payment solution designed to provide the preferred digital consumer experience for today's modern parkers. J4Pay offers drivers a convenient, straightforward, and secure means to directly pay their parking tickets using their own mobile devices.

Parking Management Market Merger And Acquisition:

Verra Mobility Expands Urban Transportation Tech Portfolio With T2 Systems Acquisition

In November 2021, Verra Mobility Corporation, a US-based smart mobility company, acquired T2 Systems, Inc., for $21 million. This acquisition rounds out Verra's urban transportation technology portfolio, allowing us to maintain revenue growth while expanding our client base and providing streamlined transportation solutions to improve the customer experience and service reach to North America. T2 Systems, Inc., is a US-based parking management solution provider that pioneer in parking, mobility, and transportation systems in North America.

Regional Insights For The Global Parking Management Market

North America was the largest region in the parking management market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the parking management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the parking management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The parking management market includes revenues earned by entities by providing services to users of parking facilities and enhancing parking facility design. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The parking management market research report is one of a series of new reports from The Business Research Company that provides parking management market statistics, including parking management industry global market size, regional shares, competitors with a parking management market share, detailed parking management market segments, market trends and opportunities, and any further data you may need to thrive in the parking management industry. This parking management market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Parking Management Market Report Forecast And Analysis

Report Attribute	Details
Market Size Value In 2024	$3.87 billion
Revenue Forecast In 2033	$5.4 billion
Growth Rate	CAGR of 8.7% from 2024 to 2033
Base Year For Estimation	2023
Actual Estimates/Historical Data	2018-2023
Forecast Period	2024 - 2028 - 2033
Market Representation	Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered	1) By Solution: Access Control, Security & Surveillance, Revenue Management, Parking Reservation Management, Valet Parking Management, Other Solutions 2) By Parking Site: On Street, Off Street 3) By Application: Transport Transit, Commercial, Government
Regional Scope	Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope	The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report for an additional fee: Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled	Bosch Group; Siemens AG; IBM Corporation; SAP SE; Atos SE; DEPLOT; Xerox Corporation; Globe Group Indigo; Flowbird Group; SWARCO; Amano Corporation; SKIDATA; Precise Parklink; IPS Group; Inrix Inc.; Q-Free ASA; Chetu; Passport Labs Inc.; SpotHero; Nex Valet LLC; FlashParking Inc.; Streetline; TIBA Parking; ParkMobile LLC; T2 Systems; Get My Parking; Bond Traffic Solutions; Cleverciti Systems; Robotic Parking Systems Inc.; Infocomm Group LLC
Customization Scope	Request for Sample
Pricing And Purchase Options	Explore Purchase Options

1. Executive Summary

2. Parking Management Market Characteristics

3. Parking Management Market Trends And Strategies

4. Parking Management Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market

4.2. Ukraine-Russia War Impact On The Market

4.3. COVID-19 Impact On The Market

5. Global Parking Management Market Size and Growth

5.1. Global Parking Management Market Drivers and Restraints

5.1.1. Drivers Of The Market

5.1.2. Restraints Of The Market

5.2. Global Parking Management Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

5.3. Global Parking Management Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Parking Management Market Segmentation

6.1. Global Parking Management Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Access Control

Security & Surveillance

Revenue Management

Parking Reservation Management

Valet Parking Management

List Of Tables

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global Parking Management Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Parking Management Market, Segmentation By Parking Site, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Parking Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 6: Global Parking Management Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 7: Global Parking Management Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 8: Asia-Pacific, Parking Management Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 9: Asia-Pacific, Parking Management Market, Segmentation By Parking Site, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 10: Asia-Pacific, Parking Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 11: China, Parking Management Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 12: China, Parking Management Market, Segmentation By Parking Site, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 13: China, Parking Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 14: India, Parking Management Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 15: India, Parking Management Market, Segmentation By Parking Site, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 16: India, Parking Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 17: Japan, Parking Management Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 18: Japan, Parking Management Market, Segmentation By Parking Site, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 19: Japan, Parking Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 20: Australia, Parking Management Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 21: Australia, Parking Management Market, Segmentation By Parking Site, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 22: Australia, Parking Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 23: Indonesia, Parking Management Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 24: Indonesia, Parking Management Market, Segmentation By Parking Site, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 25: Indonesia, Parking Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 26: South Korea, Parking Management Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 27: South Korea, Parking Management Market, Segmentation By Parking Site, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 28: South Korea, Parking Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 29: Western Europe, Parking Management Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 30: Western Europe, Parking Management Market, Segmentation By Parking Site, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 31: Western Europe, Parking Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 32: UK, Parking Management Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 33: UK, Parking Management Market, Segmentation By Parking Site, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 34: UK, Parking Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 35: Germany, Parking Management Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 36: Germany, Parking Management Market, Segmentation By Parking Site, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 37: Germany, Parking Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 38: France, Parking Management Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 39: France, Parking Management Market, Segmentation By Parking Site, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 40: France, Parking Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 41: Italy, Parking Management Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 42: Italy, Parking Management Market, Segmentation By Parking Site, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 43: Italy, Parking Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 44: Spain, Parking Management Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 45: Spain, Parking Management Market, Segmentation By Parking Site, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 46: Spain, Parking Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 47: Eastern Europe, Parking Management Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 48: Eastern Europe, Parking Management Market, Segmentation By Parking Site, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 49: Eastern Europe, Parking Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 50: Russia, Parking Management Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 51: Russia, Parking Management Market, Segmentation By Parking Site, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 52: Russia, Parking Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 53: North America, Parking Management Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 54: North America, Parking Management Market, Segmentation By Parking Site, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 55: North America, Parking Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 56: USA, Parking Management Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 57: USA, Parking Management Market, Segmentation By Parking Site, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 58: USA, Parking Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 59: Canada, Parking Management Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 60: Canada, Parking Management Market, Segmentation By Parking Site, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 61: Canada, Parking Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 62: South America, Parking Management Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 63: South America, Parking Management Market, Segmentation By Parking Site, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 64: South America, Parking Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 65: Brazil, Parking Management Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 66: Brazil, Parking Management Market, Segmentation By Parking Site, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 67: Brazil, Parking Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 68: Middle East, Parking Management Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 69: Middle East, Parking Management Market, Segmentation By Parking Site, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 70: Middle East, Parking Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 71: Africa, Parking Management Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 72: Africa, Parking Management Market, Segmentation By Parking Site, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 73: Africa, Parking Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 74: Bosch Group Financial Performance

Table 75: Siemens AG Financial Performance

Table 76: IBM Corporation Financial Performance

Table 77: SAP SE Financial Performance

Table 78: Atos SE Financial Performance

List Of Figures

Figure 1: Global Historic Market Growth, 2018-2023, $ Billion

Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Figure 3: Global Parking Management Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 4: Global Parking Management Market, Segmentation By Parking Site, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 5: Global Parking Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 6: Global Parking Management Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 7: Global Parking Management Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 8: Asia-Pacific, Parking Management Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 9: Asia-Pacific, Parking Management Market, Segmentation By Parking Site, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 10: Asia-Pacific, Parking Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 11: China, Parking Management Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 12: China, Parking Management Market, Segmentation By Parking Site, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 13: China, Parking Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 14: India, Parking Management Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 15: India, Parking Management Market, Segmentation By Parking Site, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 16: India, Parking Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 17: Japan, Parking Management Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 18: Japan, Parking Management Market, Segmentation By Parking Site, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 19: Japan, Parking Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 20: Australia, Parking Management Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 21: Australia, Parking Management Market, Segmentation By Parking Site, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 22: Australia, Parking Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 23: Indonesia, Parking Management Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 24: Indonesia, Parking Management Market, Segmentation By Parking Site, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 25: Indonesia, Parking Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 26: South Korea, Parking Management Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 27: South Korea, Parking Management Market, Segmentation By Parking Site, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 28: South Korea, Parking Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 29: Western Europe, Parking Management Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 30: Western Europe, Parking Management Market, Segmentation By Parking Site, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 31: Western Europe, Parking Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 32: UK, Parking Management Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 33: UK, Parking Management Market, Segmentation By Parking Site, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 34: UK, Parking Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 35: Germany, Parking Management Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 36: Germany, Parking Management Market, Segmentation By Parking Site, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 37: Germany, Parking Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 38: France, Parking Management Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 39: France, Parking Management Market, Segmentation By Parking Site, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 40: France, Parking Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 41: Italy, Parking Management Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 42: Italy, Parking Management Market, Segmentation By Parking Site, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 43: Italy, Parking Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 44: Spain, Parking Management Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 45: Spain, Parking Management Market, Segmentation By Parking Site, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 46: Spain, Parking Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 47: Eastern Europe, Parking Management Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 48: Eastern Europe, Parking Management Market, Segmentation By Parking Site, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 49: Eastern Europe, Parking Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 50: Russia, Parking Management Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 51: Russia, Parking Management Market, Segmentation By Parking Site, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 52: Russia, Parking Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 53: North America, Parking Management Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 54: North America, Parking Management Market, Segmentation By Parking Site, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 55: North America, Parking Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 56: USA, Parking Management Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 57: USA, Parking Management Market, Segmentation By Parking Site, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 58: USA, Parking Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 59: Canada, Parking Management Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 60: Canada, Parking Management Market, Segmentation By Parking Site, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 61: Canada, Parking Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 62: South America, Parking Management Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 63: South America, Parking Management Market, Segmentation By Parking Site, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 64: South America, Parking Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 65: Brazil, Parking Management Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 66: Brazil, Parking Management Market, Segmentation By Parking Site, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 67: Brazil, Parking Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 68: Middle East, Parking Management Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 69: Middle East, Parking Management Market, Segmentation By Parking Site, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 70: Middle East, Parking Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 71: Africa, Parking Management Market, Segmentation By Solution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 72: Africa, Parking Management Market, Segmentation By Parking Site, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 73: Africa, Parking Management Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 74: Bosch Group Financial Performance

Figure 75: Siemens AG Financial Performance

Figure 76: IBM Corporation Financial Performance

Figure 77: SAP SE Financial Performance

Figure 78: Atos SE Financial Performance

The Business Research Company offers the e-paper display market research report 2022 with industry size, share, segments and market growth

The Business Research Company offers the field activity management market research report 2022 with industry size, share, segments and market growth

The Business Research Company offers the technical illustration software market research report 2022 with industry size, share, segments and market growth

The Business Research Company offers the digital railway market research report 2022 with industry size, share, segments and market growth

Global Cybersecurity Services Market Opportunities And Strategies – Forecast To 2030 – Includes Cybersecurity Services Market Demand

Opportunities And Strategies Analysis For The Supply Chain Management Software Market – Includes Supply Chain Management Software Market Overview

Global Internet Of Things (IoT) Market Opportunities And Strategies – Forecast To 2030 – Includes Internet Of Things (IoT) Market Size

Global Ambulatory Surgical Centers IT Services Market 2022 – Market Opportunities And Strategies

Leavening Agents Global Market Report 2024 – By Form (Biological, Physical, Chemical), By Application (Sea Food, Bakery Products, Fried Foods, Wheat Flour, Soy Products), By Sales Channel (Direct Sales And Wholesalers, Independent Grocery Retailer, Non-Store Retailers, Other Sales Channels ) – Market Size, Trends, And Global Forecast 2024-2033

View Report

Tele-Intensive Care Global Market Report 2024 – By Type (Centralized Models, Decentralized Models, Other Types), By Component (Hardware Computer System, Software), By Type of Management (Intensivist, Open, Co-Managed, Open with Consultant, Other Management Types) – Market Size, Trends, And Global Forecast 2024-2033

View Report

Smart Weapons Global Market Report 2024 – By Type (Air-to-ground Missiles, Surface-to-air Missiles, Smart Bombs, Sensor Fused Weapons, Directed Energy Weapons, Precision Artillery Munitions, Electromagnetic Pulse Weapons, Smart Bullets, Other Smart Weapons), By Platform (Air, Naval, Land), By Technology (Laser Guidance, Infrared Guidance, Radar Guidance, Satellite Guidance) – Market Size, Trends, And Global Forecast 2024-2033

View Report

Information Technology Global Market Report 2024 – By Type (IT Services, Computer Hardware, Telecom, Software Products), By Organization Size (Large Enterprise, Small and Medium Enterprise), By End User (Financial Services, Retail & Wholesale, Manufacturing, Healthcare, Other End Users) – Market Size, Trends, And Global Forecast 2024-2033

View Report

Autonomous Marine Vehicles Market 2023 – By Type (Surface Vehicle, Underwater Vehicle), By Technology (Imaging, Navigation, Communication, Collision Avoidance, Propulsion), By Application (Military And Defense, Archeological, Exploration, Oil And Gas, Environmental Protection And Monitoring, Search And Salvage Operations, Oceanography), And By Region, Opportunities And Strategies – Global Forecast To 2032

View Report

Parking Lots and Garages Global Market Report 2024 – By Type (Airport & Rail, Hospitals, Hotel And Restaurants, Shopping Centers, Privately Owned, Others), By Site (On Street, Off Street), By Technology (Smart Parking Using IOT, Automation, Unautomated) – Market Size, Trends, And Global Forecast 2024-2033

View Report

Elevator and Escalator Global Market Report 2024 – By Product (Elevators, Escalators, Moving Walkway ), By Business (New Equipment, Maintenance, Modernization), By Elevator Technology (Traction Elevator, Machine Room Less Traction Elevator, Hydraulic), By End User (Residential, Commercial, Institutional, Infrastructure, Other End Users) – Market Size, Trends, And Global Forecast 2024-2033

View Report

Frequently Asked Questions

What is the definition of the parking management market?

How will the parking management market drivers and restraints affect the parking management market dynamics? What forces will shape the parking management industry going forward?

The parking management market major growth driver - global parking management market surges with optimal space utilization demand. For further insights on the parking management market, request a sample here

What is the forecast market size or the forecast market value of the parking management market ?

The parking management market size has grown strongly in recent years. It will grow from $3.54 billion in 2023 to $3.87 billion in 2024 at a compound annual growth rate (CAGR) of 9.3%. The growth in the historic period can be attributed to urbanization and population growth, government initiatives for smart cities, rising concerns about traffic congestion, increased vehicle ownership, environmental sustainability initiatives. The parking management market size is expected to see strong growth in the next few years. It will grow to $5.4 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to emergence of autonomous vehicles, data analytics and predictive parking solutions, regulatory compliance and parking policies. Major trends in the forecast period include integration of smart technologies, advancements in payment technologies, contactless payment systems, environmentally sustainable solutions. For further insights on the parking management market, request a sample here

How is the parking management market segmented?

The parking management market is segmented
1) By Solution: Access Control, Security & Surveillance, Revenue Management, Parking Reservation Management, Valet Parking Management, Other Solutions
2) By Parking Site: On Street, Off Street
3) By Application: Transport Transit, Commercial, Government For further insights on the parking management market, request a sample here

Which region has the largest share of the parking management market? What are the other regions covered in the report?

North America was the largest region in the parking management market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the parking management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on the parking management market, request a sample here.

Who are the major players in the parking management market?

What are the key trends in the parking management market?

Major trend in the parking management market - qr-based digital payment solution for modern parkers. For further insights on the parking management market, request a sample here.

What are the major opportunities in the parking management market? What are the strategies for the parking management market?

For detailed insights on the major opportunities and strategies in the parking management market, request a sample here.

How does the parking management market relate to the overall economy and other similar markets?

For detailed insights on parking management market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the parking management industry?

For detailed insights on the mergers and acquisitions in the parking management industry, request a sample here.

What are the key dynamics influencing the parking management market growth? SWOT analysis of the parking management market.

For detailed insights on the key dynamics influencing the parking management market growth and SWOT analysis of the parking management industry, request a sample here.