Global parking management market was valued at US$ 3,355 million in 2018 and is expected to reach US$ 6,939.5 million by 2027, growing at an estimated CAGR of 8.5% over the forecast period. Some of the players operating in the parking management market are Conduent, Inc., Amano, Indigo Park Services, Chetu Inc., Streetline, SWARCO, T2 SYSTEMS, INRIX, Flashparking, SAP, Siemens, APCOA PARKING amongst others.

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Traffic congestion is one of the main reasons that afflict urban areas. It not only emits greenhouse gas emissions but also is responsible for smog in big cities. Thus, with the emergence of smart parking solution which consists of nested technologies, in parking and roadway areas, the problem arising due to congestion are being put in place.

Parking is an integral component of any mode of transport. In most developed cities around the world, increasing car ownership and utilization, growing population, high land values in central business areas and inadequate parking supply have complicated the parking situation. Due to this, business owners and residential dwellers compete with shoppers and customers for available spaces, to park their vehicles at street locations wherein, on-street parking is free. Hence, parking management schemes that involve charges have become a major part of most pricing schemes in major urban locations. It has been analyzed that by managing the supply, design and price of parking spaces, cities can exert a high level of control over the traffic flows and quantities.

Parking Management Market:

By Type

  • Solutions
  • Parking Guidance Solution
  • Parking Reservation Management
  • Parking Permit Management
  • Parking Enforcement Management
  • Parking Access and Revenue Control
  • Parking Security and Surveillance
  • Parking Analytics
  • Services
  • Professional Services
  • Managed Services

By Deployment

  • On-Premise
  • Cloud Based

By Parking Site

  • Off-Street Parking
  • On-Street Parking

By Verticals

  • Retail
  • Healthcare
  • Government
  • Hospitality
  • Transportation & Transit
  • Others

By Geography

  • North America
  • Europe
  • Asia Pacific 
  • Middle East & Africa
  • Latin America

Parking Management Market research added by Absolute Markets Insights, offers a comprehensive analysis of the growth trends prevailing in the global business arena. This report also provides definitive data regarding the market, size, marketing aspects, and revenue forecast of the industry. In addition, the study explicitly highlights the competitive status of major players in the projection schedule while focusing on their portfolio and regional expansion efforts.

The Global Parking Management Market Analysis to 2030 is a specialized and in-depth study of the Technology, Media, and Telecommunications industry, with an emphasis especially on the analysis of global market trends. The report aims to provide an overview of the enterprise content delivery networks and enterprise streaming software market with detailed market segmentation by component, type of deployment, industry vertical, and geography. The global market for enterprise content delivery networks and enterprise streaming software is expected to witness high growth during the forecast period.

Financial performance:
The overall turnover of the companies / segments for the years 2021, 2020 and 2019 is provided in the sub-heading “Financial performance” (listed companies) with the analysis and explanation of the increase or decrease. decrease in these due to factors such as mergers and acquisitions, profit or loss of any strategic business unit (SBU) and others.

Strategic initiatives:
Information relating to new product launches, strategic collaboration, mergers and acquisitions, regulatory approval and other company developments in the market is covered in the strategic initiatives section.

Parking Management Market: Regional analysis includes:
- Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia and Australia)
- Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
- North America (United States, Mexico and Canada.)
- South America (Brazil etc.)
- The Middle East and Africa (GCC countries and Egypt.)

This research provides detailed information on the major factors influencing the Parking Management market growth on a global and regional level (drivers, restraints, opportunities and challenges), forecast of market size, in terms of value, market share by region and segment; regional market positions; growth opportunities by segment and by country, strengths and weaknesses, brand portfolio; Marketing and distribution strategies; challenges and threats of current competition and prospects; Key Company Profiles, SWOTs and Growth Strategies.

The Parking Management market research covers a comprehensive analysis of the following data:
• Historical and future growth of the Global Parking Management market.
• Segmentation of enterprise content delivery network and enterprise streaming software market to highlight the growth prospects and trends impacting these segments.
• Change the consumption behavior of customers in different regions.
• Regional analysis on the basis of market share, growth prospects and key countries.
• Agreements, product launches, acquisitions and R&D projects of various players in the enterprise content delivery networks and enterprise streaming software market.

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