Parking Management Market Size, Share, Trends, Price, Growth, Opportunity and Forecast 2023-2028

IMARC Group’s latest report, titled “Parking Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the global parking management market trends. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global parking management market size reached US$ 4.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 7.4 Billion by 2028, exhibiting a growth rate (CAGR) of 9% during 2023-2028.

Parking Management Market Overview:

Parking management is all about how we organize and control parking spaces in a certain place. This involves things like marking where you can park, deciding how much it costs, making sure people follow the parking rules, and giving information to drivers. Good parking management is really important in cities because it helps reduce traffic jams and makes traffic flow better. It also helps make the air cleaner and reduces pollution. Parking management includes physical things like parking lots and buildings, as well as digital stuff like parking apps and online reservations. It's used in many places, like public parking lots and private areas, and it's helpful for governments, property owners, and drivers. As cities get bigger and more people need places to park, good parking management becomes even more important for making transportation work well and be better for the environment.

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Parking Management Market Trends:

The global market is growing because more and more people need smart parking solutions. This is mainly because there are more cars on the road, especially in cities, and we need better ways to manage parking. Managing parking well is important because it can reduce traffic jams, make the air cleaner, and improve how transportation works in cities. That's why the demand for parking solutions is increasing worldwide. Also, the rise of smart cities and new technologies like the Internet of Things (IoT), parking sensors, and electronic payments are helping this market grow. People want easy booking, user-friendly navigation, a smooth parking experience, and real-time information, which is driving the market too. Finally, governments around the world are focusing on making public parking safer, cleaner, and more efficient, which is also helping the market grow.

Key Market Segmentation:

Competitive Landscape with Key Players:

• 3M Company
• Amano Corporation
• Cubic Corporation
• FlashParking Inc. (Arrive Mobility Inc.)
• Infocomm Group LLC
• International Business Machines Corporation
• Passport Labs Inc
• Q-Free ASA
• Robert Bosch GmbH
• SAP SE
• Siemens AG
• T2 Systems Inc. (Verra Mobility)

Breakup by Offering Type:

• Solution
• Access Control
• Security and Surveillance
• Revenue Management
• Parking Reservation Management
• Valet Parking Management
• Others
• Service
• Consulting and Training
• System Integration and Deployment
• Support and Maintenance

Breakup by Deployment Mode:

• On-premises
• Cloud-based

Breakup by Parking Site:

• Off-street
• On-street

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

• Market Performance
• Market Outlook
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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