Global Parking System Management Supply, Demand and Key Producers, 2024-2030

Global Parking System Management Supply, Demand and Key Producers, 2024-2030

The global Parking System Management market size is expected to reach $ 1413.3 million by 2030, rising at a market growth of 6.9% CAGR during the forecast period (2024-2030).

Integration of Smart Technologies: Parking system management is increasingly incorporating smart technologies such as IoT sensors, machine learning algorithms, and real-time data analytics to optimize parking space utilization, improve traffic flow, and enhance user experience. These technologies enable features such as real-time parking availability updates, predictive parking guidance, and automated payment systems, leading to increased efficiency and convenience for drivers.Shift towards Digitalization and Automation: There is a growing trend towards digitalization and automation in parking system management, driven by the need for improved operational efficiency, reduced manpower requirements, and enhanced revenue generation. Automated parking systems, including robotic valet parking, automated ticketing, and license plate recognition, are becoming increasingly prevalent, especially in urban areas with high parking demand.Demand for Contactless Solutions: The COVID-19 pandemic has accelerated the adoption of contactless parking solutions, as individuals seek to minimize physical contact and reduce the risk of virus transmission. Contactless payment options, mobile app-based parking reservations, and touchless entry and exit systems are becoming standard features in parking facilities, offering convenience and peace of mind to users.

This report studies the global Parking System Management demand, key companies, and key regions.

This report is a detailed and comprehensive analysis of the world market for Parking System Management, and provides market size (US$ million) and Year-over-Year (YoY) growth, considering 2023 as the base year. This report explores demand trends and competition, as well as details the characteristics of Parking System Management that contribute to its increasing demand across many markets.

Highlights and key features of the study

Global Parking System Management total market, 2019-2030, (USD Million)

Global Parking System Management total market by region & country, CAGR, 2019-2030, (USD Million)

U.S. VS China: Parking System Management total market, key domestic companies and share, (USD Million)

Global Parking System Management revenue by player and market share 2019-2024, (USD Million)

Global Parking System Management total market by Type, CAGR, 2019-2030, (USD Million)

Global Parking System Management total market by Application, CAGR, 2019-2030, (USD Million).

This reports profiles major players in the global Parking System Management market based on the following parameters – company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include TIBA Parking Systems, ParkMobile, Park Assist, SKIDATA AG, ParkHub, Parkeon, Passport Labs, Inc., ParkWhiz and SpotHero, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Parking System Management market.

Detailed Segmentation:

Each section contains quantitative market data including market by value (US$ Millions), by player, by regions, by Type, and by Application. Data is given for the years 2019-2030 by year with 2023 as the base year, 2024 as the estimate year, and 2025-2030 as the forecast year.

Global Parking System Management Market, By Region:
United States
China
Europe
Japan
South Korea
ASEAN
India
Rest of World

Global Parking System Management Market, Segmentation by Type
Hardware
Software

Global Parking System Management Market, Segmentation by Application
Business
Residential
Other

Companies Profiled:
TIBA Parking Systems
ParkMobile
Park Assist
SKIDATA AG
ParkHub
Parkeon
Passport Labs, Inc.
ParkWhiz
SpotHero
PayByPhone

Key Questions Answered

1. How big is the global Parking System Management market?

2. What is the demand of the global Parking System Management market?

3. What is the year over year growth of the global Parking System Management market?

4. What is the total value of the global Parking System Management market?

5. Who are the major players in the global Parking System Management market?