According to the report the global parking management market reached a value of USD 4.60 billion in 2022. Aided by the increasing demand for efficient parking solutions and the growing applications of parking management systems in various sectors, the market is projected to further grow at a CAGR of 9.6% between 2023 and 2028 to reach a value of USD 8.01 billion by 2028.
Parking management systems play a critical role in streamlining parking operations by optimising space usage, regulating parking time, and ensuring fair and effective enforcement of parking policies. These systems serve as key components in various domains, including malls, airports, corporate offices, and city street parking. Apart from their core functionality of managing parking, these systems also provide valuable data analytics, contribute to urban planning, and aid in revenue management.
The escalating urbanisation and proliferation of vehicles are driving the global parking management market growth. With increasing vehicle ownership, there has been a surge in the demand for efficient and effective parking solutions. Additionally, the rising trend of smart cities has further contributed to the increasing popularity of parking management systems, as they play a critical role in traffic management and urban planning.
The expanding applications of parking management systems in various sectors also play a significant role in propelling the parking management market demand. In the aviation industry, these systems are used to manage large-scale parking operations efficiently. The retail sector utilises parking management systems to enhance the customer experience by reducing parking hassles. Moreover, the integration of parking management systems with various technologies like mobile payments, IoT sensors, and automated parking solutions contributes to the growth of the global market.
Furthermore, the growing demand for environmentally sustainable solutions in urban planning has led to an increased focus on parking management systems. Efficient parking solutions can significantly reduce fuel consumption and emissions associated with vehicles searching for parking spots. With the rise of eco-conscious policies and the increasing popularity of green urban planning, parking management systems have emerged as a key tool in the creation of sustainable cities, thereby boosting the parking management market expansion.
Our high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.
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*The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
Parking management systems play a critical role in streamlining parking operations by optimising space usage, regulating parking time, and ensuring fair and effective enforcement of parking policies. These systems serve as key components in various domains, including malls, airports, corporate offices, and city street parking. Apart from their core functionality of managing parking, these systems also provide valuable data analytics, contribute to urban planning, and aid in revenue management.
The escalating urbanisation and proliferation of vehicles are driving the global parking management market growth. With increasing vehicle ownership, there has been a surge in the demand for efficient and effective parking solutions. Additionally, the rising trend of smart cities has further contributed to the increasing popularity of parking management systems, as they play a critical role in traffic management and urban planning.
The expanding applications of parking management systems in various sectors also play a significant role in propelling the parking management market demand. In the aviation industry, these systems are used to manage large-scale parking operations efficiently. The retail sector utilises parking management systems to enhance the customer experience by reducing parking hassles. Moreover, the integration of parking management systems with various technologies like mobile payments, IoT sensors, and automated parking solutions contributes to the growth of the global market.
Furthermore, the growing demand for environmentally sustainable solutions in urban planning has led to an increased focus on parking management systems. Efficient parking solutions can significantly reduce fuel consumption and emissions associated with vehicles searching for parking spots. With the rise of eco-conscious policies and the increasing popularity of green urban planning, parking management systems have emerged as a key tool in the creation of sustainable cities, thereby boosting the parking management market expansion.
Market Segmentation
The market can be divided based on offering, deployment type, parking site, application, and region.Market Breakup by Offering
Solutions
- Access Control
- Security and Surveillance
- Revenue Management
- Parking Reservation Management
- Valet Parking Management
- Others
Services
- Consulting Services
- System Integration and Deployment
- Support and Maintenance
Market Breakup by Deployment Type
- Cloud
- On-Premise
Market Breakup by Parking Site
- On-Street
- Off-Street
Market Breakup by Application
- Transport Transit
- Commercial
- Government
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global parking management companies. Some of the major key players explored in the report are as follows:- Xerox Corporation
- T2 Systems, Inc.
- Cleverciti Systems GmbH
- SKIDATA GmbH
- Cubic Corporation
- Siemens AG
- Swarco Holding
- Robert Bosch GmbH
- FlashParking, Inc.
- Conduent Business Services, LLC
- Apcoa Parking AG
- Precise ParkLink Inc.
- Others
About the Publisher
Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.Our high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.
Don't miss the opportunity to elevate your business intelligence and fortify your strategic planning. Secure your organisation's future success by acquiring one of these reports today.
*The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
Table of Contents
1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Parking Management Market Analysis
8.1 Key Industry Highlights
8.2 Global Parking Management Historical Market (2018-2022)
8.3 Global Parking Management Market Forecast (2023-2028)
8.4 Global Parking Management Market by Offering
8.4.1 Solutions
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.1.3 Breakup by Type
8.4.1.3.1 Access Control
8.4.1.3.2 Security and Surveillance
8.4.1.3.3 Revenue Management
8.4.1.3.4 Parking Reservation Management
8.4.1.3.5 Valet Parking Management
8.4.1.3.6 Others
8.4.2 Services
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.2.3 Breakup by Type
8.4.2.3.1 Consulting Services
8.4.2.3.2 System Integration and Deployment
8.4.2.3.3 Support and Maintenance
8.5 Global Parking Management Market by Deployment Type
8.5.1 Cloud
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 On-Premise
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.6 Global Parking Management Market by Parking Site
8.6.1 On-Street
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Off-Street
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.7 Global Parking Management Market by Application
8.7.1 Transport Transit
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Commercial
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Government
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.8 Global Parking Management Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2022)
8.8.1.2 Forecast Trend (2023-2028)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2022)
8.8.2.2 Forecast Trend (2023-2028)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2022)
8.8.3.2 Forecast Trend (2023-2028)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2022)
8.8.4.2 Forecast Trend (2023-2028)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2022)
8.8.5.2 Forecast Trend (2023-2028)
9 North America Parking Management Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Parking Management Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Parking Management Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Parking Management Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Parking Management Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Xerox Corporation
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 T2 Systems, Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Cleverciti Systems GmbH
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 SKIDATA GmbH
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Cubic Corporation
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Siemens AG
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Swarco Holding
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Robert Bosch GmbH
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 FlashParking, Inc.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Conduent Business Services, LLC
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Apcoa Parking AG
15.2.11.1 Company Overview
15.2.11.2 Product Portfolio
15.2.11.3 Demographic Reach and Achievements
15.2.11.4 Certifications
15.2.12 Precise ParkLink Inc.
15.2.12.1 Company Overview
15.2.12.2 Product Portfolio
15.2.12.3 Demographic Reach and Achievements
15.2.12.4 Certifications
15.2.13 Others
16 Key Trends and Developments in the Market
Companies Mentioned
- Xerox Corporation
- T2 Systems, Inc.
- Cleverciti Systems GmbH
- SKIDATA GmbH
- Cubic Corporation
- Siemens AG
- Swarco Holding
- Robert Bosch GmbH
- FlashParking, Inc.
- Conduent Business Services, LLC
- Apcoa Parking AG
- Precise ParkLink Inc.
Methodology
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