Global Parking Management Solutions Market 2024-2028

Global Parking Management Solutions Market 2024-2028

Parking Management Solutions Market 2024-2028

The parking management solutions market is forecasted to grow by USD 3047 mn during 2023-2028, accelerating at a CAGR of 7.1% during the forecast period. The report on the parking management solutions market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing number of vehicles on road, need for convenient and assured parking, and growth in smart parking deployment projects.

Technavio's parking management solutions market is segmented as below:

By Product

• Revenue management
• Security and surveillance
• Access control
• Reservation management
• Others

By Type

• Off-street parking
• On-street parking

By Geographical Landscape

• North America
• Europe
• APAC
• Middle East and Africa
• South America

This study identifies the introduction of innovative products and services as one of the prime reasons driving the parking management solutions market growth during the next few years. Also, use of lpwan technologies and introduction of automatic valet parking will lead to sizable demand in the market.

The report on the parking management solutions market covers the following areas:

• Parking Management Solutions Market sizing
• Parking Management Solutions Market forecast
• Parking Management Solutions Market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading parking management solutions market vendors that include ABM Industries Inc., AMANO Corp, APCOA PARKING Holdings GmbH, Chetu Inc., Cisco Systems Inc., Conduent Inc., Hangzhou Hikvision Digital Technology Co. Ltd., IDeaS, INRIX Inc., Intercomp Spa, IPS Group Inc., Kapsch TrafficCom AG, Kudelski SA, Nedap NV, Nimble Planet Ltd., ParknSecure Pvt. Ltd., Passport Labs Inc, Robert Bosch GmbH, Siemens AG, SWARCO AG, T2 Systems, TIBA PARKING SYSTEMS, and URBIOTICA. Also, the parking management solutions market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.