Global Parking Management Market Report By Solution (Access Control, Security & Surveillance, Revenue Management, Parking Reservation Management, Valet Parking Management, Other), By Service (Consulting Service, System Integration & Deployment, Support and Maintenance), By Deployment Type (Cloud, On-premise), By Parking Site (On-street, Off-street), By Off-Street Parking Site (Garage Parking, Lot Parking), By Application (Transport Transit, Commercial, Government) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2023-2032

The global demand for Parking Management Market is presumed to reach the valuation of nearly USD 14.4 MN by 2030 from USD 5.38 MN in 2022 with a CAGR of 13.1% under the study period of 2023-2030. 

Parking management includes a software system that automates and controls car or other vehicle parking in the parking area. A parking management system provides real-time parking information such as available parking space, reserved parking, number of vehicles parked, vacant slots, payment options, payment gateways, and other features related to parking. It avoids congestion in parking areas and reduces accidents. A parking management system can be used for all types of spaces, including multi-level car parking spaces. It is applied in many commercial or residential infrastructures to automate and streamline the car parking activity. It can be also used to monitor vehicle parking on the motorable or public roads.

Market Dyanamics

The global parking management system is mainly driven by the increasing number of public as well as personal vehicles and the rising need for optimization and efficient utilization of parking spaces. A limited car parking space creates trouble and discomfort to the citizens all over the world; hence to avoid disorganization and chaos in the parking area, the global demand for parking management systems is expanding. Moreover, factors such as advancement in information and communication technology, increasing smart city projects across the globe, and stringent government rules related to traffic control and parking of vehicles are further fuelling the global market.

The report covers Porter's Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level.

Additionally, these tools also give inclusive assessment of each segment in the global market of parking management.

Market Segmentation

This section of the parking management market report  provides detailed data on the segments by analyzing them geographically, thereby assisting the strategist in identifying the target demographics for the respective product or service.

By Solution

• Access Control
• Security & Surveillance
• Revenue Management
• Parking Reservation Management
• Valet Parking Management
• Other

By Service

• Consulting Service
• System Integration & Deployment
• Support and Maintenance

By Deployment Type

• Cloud
• On-premise

By Parking Site

• On-street
• Off-street

By Off-Street Parking Site

• Garage Parking
• Lot Parking

By Application

• Transport Transit
• Commercial
• Government

Regional Analysis

This section covers regional segmentation which accentuates on current and future demand for Parking management market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.

Global Parking Management Market Share by Region (Representative Graph)



The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Parking Management market include 3M company, Amano Corporation, Cubic Corporation, International Business Machines Corp., Kapsch TrafficCom., Siemens AG., Skidata Company, Swarco Corporation, T2 Systems, Rober Bosch GmbH. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.