Reports
Sale
Global Parking Management Market Size, Share, Growth, Price, Trends, Forecast: By Offering: Solutions, Services; By Deployment Type: Cloud, On-Premise; By Parking Site: On-Street, Off-Street; By Application: Transport Transit, Commercial, Government; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
Global Parking Management Market Outlook
The global parking management market size reached nearly USD 5.04 billion in 2023. The market is projected to grow at a CAGR of 9.6% between 2024 and 2032 to reach a value of around USD 11.56 billion by 2032.
Key Trends in the Market
Parking management refers to a process in which parking resources are optimised. This process involves comprehensive management of location, cost, and parking space availability to improve the parking system.
- Parking management enhances the efficiency of parking, bolsters customer experience, and boosts safety in parking areas. Hence, the growing demand to reduce parking hassle is driving the parking management market growth.
- Fluctuations in the required number of parking spaces across various infrastructures, such as hospitals, schools, and recreational centres, among others, are further escalating the deployment of parking management solutions to optimise parking space, reduce parking costs, and ensure compliance with parking rules.
- Increasing penetration of the Internet of things (IoT) in the parking sector is boosting the decision-making of customers while saving their time. Hence, the rapid transition from traditional to intelligent parking management systems is further fuelling the parking management market demand.
Market Analysis
Based on offering, the parking management market segmentations include solutions and services. The solutions segment is further divided based on type into access control, security and surveillance, revenue management, parking reservation management, and valet parking management, among others. The services segment is further segmented into consulting services, system integration and deployment, and support and maintenance.
By deployment type, the market is bifurcated into cloud and on-premise. On the basis of parking site, the market is categorised into on-street and off-street. By application, the market is segmented into transport transit, commercial, and government. The major regional market for parking management include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the key players in the global parking management market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- 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
Market Share by Deployment Type
Cloud accounts for a significant portion of the parking management market share. Cloud parking systems offer real-time parking data, including the availability of parking spots, parking prices, and time of occupancy, hence saving time and costs. They also reduce the need for manual labour, thereby enhancing the cost-effectiveness of operators.
Moreover, in modern times, parking data and analytics can be monitored using mobile apps. In this regard, the escalating adoption of smartphones is fuelling the segment’s growth.
Market Share by Region
According to the parking management market analysis, North America holds a significant share of the market due to the growing adoption of parking management services and solutions by IT companies and enterprises. Increasing penetration of smart parking management solutions across commercial spaces such as malls and museums, among others, is further propelling the market growth in the region.
In addition, technological advancements and innovations are expected to be some of the key parking management market trends in the coming years.
Competitive Landscape
Xerox Corporation is a leading provider of document management and business solutions. The company offers solutions related to parking management, tariff management, and vehicle detection, among others. It was founded in 1906 and is headquartered in Connecticut, the United States.
Cubic Corporation is a leading global transportation and defence corporation which offers advanced mobility solutions. It was established in 1951 and is headquartered in California, the United States.
Siemens AG is a multinational technology company which designs, develops, and manufactures complex systems and facilitates several automation projects. The company was founded in 1847 and is headquartered in Munich, Germany.
Other market players include T2 Systems, Inc., Cleverciti Systems GmbH, SKIDATA GmbH, Swarco Holding, Robert Bosch GmbH, FlashParking, Inc., Conduent Business Services, LLC, Apcoa Parking AG, and Precise ParkLink Inc., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Offering |
|
| Breakup by Deployment Type |
|
| Breakup by Parking Site |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 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 (2018-2023)
8.3 Global Parking Management Market Forecast (2024-2032)
8.4 Global Parking Management Market by Offering
8.4.1 Solutions
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
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 (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
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 (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 On-Premise
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Parking Management Market by Parking Site
8.6.1 On-Street
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Off-Street
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Parking Management Market by Application
8.7.1 Transport Transit
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Commercial
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Government
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.8 Global Parking Management Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Parking Management Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Parking Management Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Parking Management Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Parking Management Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Parking Management Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
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
List of Key Figures and Tables
1. Global Parking Management Market: Key Industry Highlights, 2018 and 2032
2. Global Parking Management Historical Market: Breakup by Solutions (USD Billion), 2018-2023
3. Global Parking Management Market Forecast: Breakup by Solutions (USD Billion), 2024-2032
4. Global Parking Management Historical Market: Breakup by Services (USD Billion), 2018-2023
5. Global Parking Management Market Forecast: Breakup by Services (USD Billion), 2024-2032
6. Global Parking Management Historical Market: Breakup by Deployment Type (USD Billion), 2018-2023
7. Global Parking Management Market Forecast: Breakup by Deployment Type (USD Billion), 2024-2032
8. Global Parking Management Historical Market: Breakup by Parking Site (USD Billion), 2018-2023
9. Global Parking Management Market Forecast: Breakup by Parking Site (USD Billion), 2024-2032
10. Global Parking Management Historical Market: Breakup by Off-Street Parking Site (USD Billion), 2018-2023
11. Global Parking Management Market Forecast: Breakup by Off-Street Parking Site (USD Billion), 2024-2032
12. Global Parking Management Historical Market: Breakup by Application (USD Billion), 2018-2023
13. Global Parking Management Market Forecast: Breakup by Application (USD Billion), 2024-2032
14. Global Parking Management Historical Market: Breakup by Region (USD Billion), 2018-2023
15. Global Parking Management Market Forecast: Breakup by Region (USD Billion), 2024-2032
16. North America Parking Management Historical Market: Breakup by Country (USD Billion), 2018-2023
17. North America Parking Management Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Europe Parking Management Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Europe Parking Management Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Asia Pacific Parking Management Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Asia Pacific Parking Management Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Latin America Parking Management Historical Market: Breakup by Country (USD Billion), 2018-2023
23. Latin America Parking Management Market Forecast: Breakup by Country (USD Billion), 2024-2032
24. Middle East and Africa Parking Management Historical Market: Breakup by Country (USD Billion), 2018-2023
25. Middle East and Africa Parking Management Market Forecast: Breakup by Country (USD Billion), 2024-2032
26. Global Parking Management Market Structure
Key Questions Answered in the Report
The market reached a value of nearly USD 5.04 billion in 2023.
The market is estimated to grow at a CAGR of 9.6% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 11.56 billion by 2032.
The growing demand for efficient and reliable parking management solutions to reduce parking hassle, fluctuations in the required number of parking spaces across various infrastructures, and the increasing adoption of cloud parking solutions are the major drivers of the market.
The key trends in the market include the increasing penetration of the Internet of things (IoT) across parking spaces and the growing adoption of parking management services across IT companies and enterprises.
Solutions and services are the different offerings of parking management.
Cloud and on-premise are the major deployment types of parking management.
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, and Precise ParkLink Inc., among others, are the key players.
Purchase Options 10% off
Call us
Purchase Full Report
Mini Report
$ 2199
$1999
-
Selected Sections, One User
-
Printing Not Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Single User License
$ 3299
$2999
-
All Sections, One User
-
One Print Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Five User License
$ 4399
$3999
-
All Sections, Five Users
-
Five Prints Allowed
-
Email Delivery in PDF
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Corporate License
$ 5499
$4999
-
All Sections, Unlimited Users
-
Unlimited Prints Allowed
-
Email Delivery in PDF + Excel
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Why Expert Market Research?
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
NEWSLETTER