- Solution,
- Service
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).
Study Period
Base Year
CAGR
Largest Market
Fastest Growing Market
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.
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.
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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)Â |
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)Â |
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)Â |
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)Â |
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)Â |
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)Â |
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)Â |
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)Â |
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)Â |
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 |