Parking Management System Market

Parking Management System Market See Huge Growth for New Normal

Parking Management System Market, by optimising vacant parking spaces, parking management technologies help to increase overall revenue. The growing number of vehicles on the road throughout the world, the increasing demand for an effective traffic management solution, and the rapid development of smart cities all contribute to the market’s growth. Smart parking technologies are transforming car park management, and demand for these solutions is increasing at an exponential rate. The parking of vehicles has become problematic as a result of urbanisation and infrastructure construction in metro cities, tier 2, tier 3, and towns. Several systems are incorporating modern technologies for proper data representation, tracking, real-time information, system monitoring, and data management in response to the growing digital footprint and volume of data.

The global parking management market size was valued at USD 4.23 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 11.1% from 2022 to 2030.

This report focuses on Parking Management System volume and value at the global level, regional level and company level. From a global perspective, this report represents overall Parking Management System market size by analysing historical data and future prospect. The research report includes specific segments by region (country), by company, by Type and by Application. The research report includes a detailed study of regions of North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue, sales, and manufacturers of each region.

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Key Players:

The Key manufacturers that are operating in the global Parking Management System market are:








Johnson Controls














Following are the segments covered by the report are:




By Application:

Parking Guidence

Tolling System

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Frequently Asked Questions (FAQ):

  • What is the projected market value of the global parking management market?
  • Which region has the largest market share in the parking management market?
  • Which solution is expected to hold a larger market size during the forecast period?
  • Which service is expected to hold a larger market size during the forecast period?
  • Who are the major vendors in the parking management market?

Reasons to Purchase this Report

  • The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
  • Provision of market value (USD Billion) data for each segment and sub-segment
  • Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
  • Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
  • Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
  • Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
  • Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled


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