The Parking Management Market size was estimated at USD 5.68 billion in 2022 and expected to reach USD 6.14 billion in 2023, at a CAGR 9.33% to reach USD 11.61 billion by 2030.

Market Segmentation & Coverage:

This research report analyzes various sub-markets, forecasts revenues, and examines emerging trends in each category to provide a comprehensive outlook on the Parking Management Market.

  • Based on Technology, market is studied across GSM-Based Parking Management Systems, Image Processing, License Plate Recognition, RFID-Based Parking Management Systems, and Visible Light Communication. The License Plate Recognition commanded largest market share of 23.26% in 2022, followed by Image Processing.

  • Based on Component, market is studied across Services and Solutions. The Services is further studied across Support & Maintenance Services and System Integration Services. The Solutions is further studied across Parking Access & Revenue Control Solutions, Parking Guidance System, Permit Management Solutions, Reservation Management Solutions, and Security & Surveillance. The Parking Access & Revenue Control Solutions is further studied across Automated Gates, Handheld Ticket Writers, and Parking Meters. The Security & Surveillance is further studied across Alarms & Locators and Surveillance Cameras. The Solutions commanded largest market share of 67.16% in 2022, followed by Services.

  • Based on Parking Site, market is studied across Off-Street and On-Street. The On-Street commanded largest market share of 68.18% in 2022, followed by Off-Street.

  • Based on Deployment, market is studied across On-Cloud and On-Premise. The On-Cloud commanded largest market share of 88.73% in 2022, followed by On-Premise.

  • Based on End User, market is studied across Commercial and Residential. The Commercial is further studied across Airports, Railway Stations, & Bus Terminals, Office Spaces, and Retail, Entertainment, and Leisure. The Commercial commanded largest market share of 87.05% in 2022, followed by Residential.

  • Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 37.90% in 2022, followed by Europe, Middle East & Africa.

Market Statistics:

The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is an indispensable tool for assessing the Parking Management Market. It comprehensively evaluates vendors, analyzing key metrics related to Business Strategy and Product Satisfaction. This enables users to make informed decisions tailored to their specific needs. Through advanced analysis, vendors are categorized into four distinct quadrants, each representing a different level of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V). Be assured that this insightful framework empowers decision-makers to navigate the market with confidence.

Market Share Analysis:

The Market Share Analysis offers invaluable insights into the vendor landscape Parking Management Market. By evaluating their impact on overall revenue, customer base, and other key metrics, we provide companies with a comprehensive understanding of their performance and the competitive environment they confront. This analysis also uncovers the level of competition in terms of market share acquisition, fragmentation, dominance, and industry consolidation during the study period.

Key Company Profiles:

The report delves into recent significant developments in the Parking Management Market, highlighting leading vendors and their innovative profiles. These include Amano Corporation, APCOA Parking Holdings GmbH, Chetu Inc., CivicSmart, Inc., Cleverciti Systems GmbH, Conduent Incorporated, FlashParking, Inc., Flowbird, Get My Parking, IEM S.A., Indigo Group, INRIX, Inc., IPS Group, Inc., Klaus Multiparking GmbH, Nedap N.V., Parkpnp Limited T/A Wayleadr, Passport Labs, Inc., Precise Parklink, Inc., Robert Bosch GmbH, Siemens AG, SKIDATA GmbH, Smart Parking Limited, Stanley Robotics, Streetline, SWARCO AG, T2 Systems, Inc., TIBA Parking LLC, Total Parking Solutions Ltd., UKCPS Ltd., Urbiotica, VersionX Innovations Private Ltd., WISEGO, and Xerox Holdings Corporation.

The report offers valuable insights on the following aspects:

  1. Market Penetration: It provides comprehensive information about key players’ market dynamics and offerings.
  2. Market Development: In-depth analysis of emerging markets and penetration across mature market segments, highlighting lucrative opportunities.
  3. Market Diversification: Detailed information about new product launches, untapped geographies, recent developments, and investments.
  4. Competitive Assessment & Intelligence: Exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of leading players.
  5. Product Development & Innovation: Intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

  1. What is the market size and forecast for the Parking Management Market?
  2. Which products, segments, applications, and areas hold the highest investment potential in the Parking Management Market?
  3. What is the competitive strategic window for identifying opportunities in the Parking Management Market?
  4. What are the latest technology trends and regulatory frameworks in the Parking Management Market?
  5. What is the market share of the leading vendors in the Parking Management Market?
  6. Which modes and strategic moves are suitable for entering the Parking Management Market?