Parking Management System Market: By Type (Solution, Service), By Deployment (On-Premises, Cloud), By End-User (Hospitals, Malls & Shopping, Centers, Industries, Residential Apartments, Educational Institutions, Airports, Stadiums, Others) and Geography

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Parking Management System Market size is valued at USD 4.01 billion in 2022 and is poised to grow at a CAGR of 5.4% from 2023-2029. The parking management system encompasses a variety of rules and activities that result in more efficient parking resource utilisation. The access control system, revenue management, security system, boom barrier, and statistical information are all part of the parking management system, and the market analysis includes deployment types like On-premises and Cloud, as well as Parking Sites like Off-street and On-street. On-street parking refers to spaces where vehicles are parked on the sides of the road. On-street parking management is expected to achieve goals using a variety of techniques, including creating parking spaces, facilities, and signage, limiting access to particular groups, setting a time restriction, charging fees, ensuring compliance with all the arrangements, and monitoring success. Government entities normally control the majority of on-street parking spaces. Most commuters prefer on-street parking since it is convenient and economical. Off-street parking, despite being an organised and safe parking option, has trailed behind due to excessive parking prices, resulting in low occupancy levels. this report studies global Market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, The global Parking Management System Market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global Parking Management System Market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities).

Parking Management System Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

5.4%

Largest Market

North-America

Fastest Growing Market

Europe
Parking Management System Market Dynamics

Several parking spaces go unused as developers install more to comply with restrictions governing the size and number of parking spaces. By alerting consumers when and where a parking spot is available, consistent parking management solutions, such as better signage and real-time parking indicators, reduce parking space wastage. Parking management also leads to a more efficient use of parking resources by preventing overpricing and underpricing parking spaces through better revenue management. Parking requirements can be reduced by 20–40% with an effective and comprehensive parking management solution, which aids in preserving city infrastructure, lowering land consumption, enhancing revenue collection for the government, and improving user convenience.

Parking Management System Market Segmentation

By Type
  • Solution,
  • Service
By Deployment Model
  • On-Premises
  • Cloud
By End-User
  • Hospitals
  • Malls & Shopping Centers
  • Industries
  • Residential Apartments
  • Educational Institutions
  • Airports
  • Stadiums
  • Others

Frequently Asked Questions

The key segments covered in the parking management system market are: by type, deployment, end-user and geography

The parking management system market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.

Traffic Management and Fuel Saving

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
1. Executive Summary
2. Global Parking Management System Market Introduction
2.1. Global Parking Management System Market Taxonomy
2.2. Global Parking Management System Market Definitions
2.2.1. By Type
2.2.2. By Deployment
2.2.3. By End-Use
2.2.4. By Region
3. Global Parking Management System Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Global Parking Management System Market Dynamic Factors - Impact Analysis
3.6. Global Parking Management System Market Competition Landscape
4. Global Parking Management System Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029
4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%)
4.3. Market Opportunity Analysis
5. Global Parking Management System Market, By Type, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) 
5.1. Solution
5.1.1. Parking Guidance Systems
5.1.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
5.1.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.1.3. Market Opportunity Analysis
5.1.2. Parking Access Control
5.1.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
5.1.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.2.3. Market Opportunity Analysis
5.1.3. Security & Surveillance
5.1.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
5.1.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.3.3. Market Opportunity Analysis
5.1.4. Revenue Management
5.1.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
5.1.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.4.3. Market Opportunity Analysis
5.1.5. Parking Reservation
5.1.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
5.1.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.1.5.3. Market Opportunity Analysis
5.2. Service
5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
5.2.3. Market Opportunity Analysis
6. Global Parking Management System Market, By Deployment, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) 
6.1. On-Premise
6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.1.3. Market Opportunity Analysis
6.2. Cloud
6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
6.2.3. Market Opportunity Analysis
7. Global Parking Management System Market, By End-Use, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) 
7.1. Hospitals
7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.1.3. Market Opportunity Analysis
7.2. Malls & Shopping Centers
7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.2.3. Market Opportunity Analysis
7.3. Industries
7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.3.3. Market Opportunity Analysis
7.4. Residential Apartments
7.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.4.3. Market Opportunity Analysis
7.5. Educational Institutions
7.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.5.3. Market Opportunity Analysis
7.6. Airports
7.6.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
7.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.6.3. Market Opportunity Analysis
7.7. Stadiums
7.7.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
7.7.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.7.3. Market Opportunity Analysis
7.8. Others
7.8.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
7.8.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
7.8.3. Market Opportunity Analysis
8. Global Parking Management System Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) 
8.1. North America
8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.1.3. Market Opportunity Analysis
8.2. Europe
8.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.2.3. Market Opportunity Analysis
8.3. Asia-Pacific
8.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.3.3. Market Opportunity Analysis
8.4. Latin America
8.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.4.3. Market Opportunity Analysis
8.5. Middle East and Africa
8.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn)
8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
8.5.3. Market Opportunity Analysis
8.6. Global Parking Management System Market - Opportunity Analysis Index, By Type, By Deployment, By End-Use and Region, 2023 - 2029
9. North America Parking Management System Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) 
9.1. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.1.1. Solution
9.1.1.1. Parking Guidance Systems
9.1.1.2. Parking Access Control
9.1.1.3. Security & Surveillance
9.1.1.4. Revenue Management
9.1.1.5. Parking Reservation
9.1.2. Service
9.2. Deployment Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.2.1. On-Premises
9.2.2. Cloud
9.3. End-User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
9.3.1. Hospitals
9.3.2. Malls & Shopping Centers
9.3.3. Industries
9.3.4. Residential Apartments
9.3.5. Educational Institutions
9.3.6. Airports
9.3.7. Stadiums
9.3.8. Others
9.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
9.4.1. USA
9.4.2. Canada
9.5. North America Parking Management System Market - Opportunity Analysis Index, By Solution, By Deployment, By End-Use and Country, 2023 - 2029
9.6. North America Parking Management System Market Dynamics Trends
10. Europe Parking Management System Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) 
10.1. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.1.1. Solution
10.1.1.1. Parking Guidance Systems
10.1.1.2. Parking Access Control
10.1.1.3. Security & Surveillance
10.1.1.4. Revenue Management
10.1.1.5. Parking Reservation
10.1.2. Service
10.2. Deployment Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.2.1. On-Premises
10.2.2. Cloud
10.3. End-User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
10.3.1. Hospitals
10.3.2. Malls & Shopping Centers
10.3.3. Industries
10.3.4. Residential Apartments
10.3.5. Educational Institutions
10.3.6. Airports
10.3.7. Stadiums
10.3.8. Others
10.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
10.4.1. Germany
10.4.2. UK
10.4.3. France
10.4.4. Spain
10.4.5. Italy
10.4.6. Russia
10.4.7. Rest of Europe
10.5. Europe Parking Management System Market - Opportunity Analysis Index, By Type of service, By Enterprise Size, and Country, 2023 - 2029
10.6. Europe Parking Management System Market Dynamics Trends
11. Asia-Pacific Parking Management System Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) 
11.1. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.1.1. Solution
11.1.1.1. Parking Guidance Systems
11.1.1.2. Parking Access Control
11.1.1.3. Security & Surveillance
11.1.1.4. Revenue Management
11.1.1.5. Parking Reservation
11.1.2. Service
11.2. Deployment Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.2.1. On-Premises
11.2.2. Cloud
11.3. End-User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
11.3.1. Hospitals
11.3.2. Malls & Shopping Centers
11.3.3. Industries
11.3.4. Residential Apartments
11.3.5. Educational Institutions
11.3.6. Airports
11.3.7. Stadiums
11.3.8. Others
11.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
11.4.1. China
11.4.2. India
11.4.3. Japan
11.4.4. ASEAN
11.4.5. Australia & New Zealand
11.4.6. Rest of Asia-Pacific
11.5. Asia-Pacific Parking Management System Market - Opportunity Analysis Index, By Type of service, By Enterprise Size, and Country, 2023 - 2029
11.6. Asia-Pacific Parking Management System Market Dynamics Trends
12. Latin America Parking Management System Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) 
12.1. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.1.1. Solution
12.1.1.1. Parking Guidance Systems
12.1.1.2. Parking Access Control
12.1.1.3. Security & Surveillance
12.1.1.4. Revenue Management
12.1.1.5. Parking Reservation
12.1.2. Service
12.2. Deployment Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.2.1. On-Premises
12.2.2. Cloud
12.3. End-User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
12.3.1. Hospitals
12.3.2. Malls & Shopping Centers
12.3.3. Industries
12.3.4. Residential Apartments
12.3.5. Educational Institutions
12.3.6. Airports
12.3.7. Stadiums
12.3.8. Others
12.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
12.4.1. Brazil
12.4.2. Mexico
12.4.3. Argentina
12.4.4. Rest of Latin America
12.5. Latin America Parking Management System Market - Opportunity Analysis Index, By Type of service, By Enterprise Size, and Country, 2023 - 2029
12.6. Latin America Parking Management System Market Dynamics Trends
13. Middle East and Africa Parking Management System Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) 
13.1. Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.1.1. Solution
13.1.1.1. Parking Guidance Systems
13.1.1.2. Parking Access Control
13.1.1.3. Security & Surveillance
13.1.1.4. Revenue Management
13.1.1.5. Parking Reservation
13.1.2. Service
13.2. Deployment Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.2.1. On-Premises
13.2.2. Cloud
13.3. End-User Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
13.3.1. Hospitals
13.3.2. Malls & Shopping Centers
13.3.3. Industries
13.3.4. Residential Apartments
13.3.5. Educational Institutions
13.3.6. Airports
13.3.7. Stadiums
13.3.8. Others
13.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
13.4.1. Gulf Cooperation Council (GCC) Countries
13.4.2. Israel
13.4.3. South Africa
13.4.4. Rest of MEA
13.5. MEA Parking Management System Market - Opportunity Analysis Index, By Type, By Deployment, By End-Use and Country, 2023 - 2029
13.6. MEA Parking Management System Market Dynamics Trends
14. Competition Landscape 
14.1. Strategic Dashboard of Top Market Players
14.2. Company Profiles (Introduction, Financial Analysis, Offerings, Key Developments, Strategies, and SWOT Analysis)
14.2.1. Siemens AG
14.2.2. Robert Bosch GmbH
14.2.3. FlashParking
14.2.4. Precise ParkLink, Inc.
14.2.5. Group Indigo
14.2.6. ParkMobile, LLC
14.2.7. Skidata GmbH
14.2.8. Streetline Inc.
14.2.9. T2 Systems, Inc.
15. Research Methodology
16. Key Assumptions and Acronyms
  • Siemens AG
  • Robert Bosch GmbH
  • FlashParking
  • Precise ParkLink, Inc.
  • Group Indigo
  • ParkMobile, LLC
  • Skidata GmbH
  • Streetline Inc.
  • T2 Systems, Inc.

Adjacent Markets