PUBLISHER: IMARC | PRODUCT CODE: 1298855
PUBLISHER: IMARC | PRODUCT CODE: 1298855
Parking Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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 represents various programs, strategies and implemented policies that are designed to promote the efficient utilization of different parking resources and create more walkable areas. It constitutes parking management systems, security and surveillance solutions, boom barriers and parking reservation structures. These devices assist in mitigating the demand for parking subsidies, increasing travel options, inhibiting traffic, generating a return on investments (ROI) and maintaining the safety and security of the vehicle. On account of these properties, it finds extensive applications in off-street and on-street parking sites in on-premises and cloud solutions deployment forms.
Parking Management Market Trends:
The widespread adoption of parking management policies and solutions across commercial, residential and transportation sectors can be attributed to the increasing need for improved mobility amongst service consultants and optimizing overall revenue. This, along with the favorable initiatives being undertaken by the government bodies for managing tows, resolving traffic congestion issues, and mitigating overall operational expenditure (OPEX) and capital expenditure (CAPEX) represents the key factor primarily driving the market growth. In line with this, significant technological advancements, such as the integration of various parking management solutions with near-field communication (NFC), global positioning systems (GPS) and cameras is acting as another growth-inducing factor. These systems assist in identifying vacant spots, monitoring systems, providing enhanced signage, real-time parking indicators, and reducing the wastage of spaces by promoting efficient usage of parking resources. Other factors, such as rising demand for effective parking management solutions and the continuous investments in research and development (R&D) activities to introduce automated license plate recognition solutions and mobile phone applications for monitoring speed, gaining traction, and receiving voice guidance, are creating a positive outlook for the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global parking management market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on offering type, deployment mode and parking site.
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
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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 and T2 Systems Inc. (Verra Mobility).
Key Questions Answered in This Report
1. What was the size of the global parking management market in 2022?
2. What is the expected growth rate of the global parking management market during 2023-2028?
3. What are the key factors driving the global parking management market?
4. What has been the impact of COVID-19 on the global parking management market?
5. What is the breakup of the global parking management market based on the offering type?
6. What is the breakup of the global parking management market based on the deployment mode?
7. What is the breakup of the global parking management market based on parking site?
8. What are the key regions in the global parking management market?
9. Who are the key players/companies in the global parking management market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Parking Management Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Offering Type
- 6.1 Solution
- 6.1.1 Market Trends
- 6.1.2 Key Segments
- 6.1.2.1 Access Control
- 6.1.2.2 Security and Surveillance
- 6.1.2.3 Revenue Management
- 6.1.2.4 Parking Reservation Management
- 6.1.2.5 Valet Parking Management
- 6.1.2.6 Others
- 6.1.3 Market Forecast
- 6.2 Service
- 6.2.1 Market Trends
- 6.2.2 Key Segments
- 6.2.2.1 Consulting and Training
- 6.2.2.2 System Integration and Deployment
- 6.2.2.3 Support and Maintenance
- 6.2.3 Market Forecast
7 Market Breakup by Deployment Mode
- 7.1 On-premises
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Cloud-based
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Parking Site
- 8.1 Off-street
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 On-street
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 3M Company
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.1.4 SWOT Analysis
- 14.3.2 Amano Corporation
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.3 Cubic Corporation
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 SWOT Analysis
- 14.3.4 FlashParking Inc. (Arrive Mobility Inc.)
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.5 Infocomm Group LLC
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.6 International Business Machines Corporation
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.6.4 SWOT Analysis
- 14.3.7 Passport Labs Inc.
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.8 Q-Free ASA
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.9 Robert Bosch GmbH
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 SWOT Analysis
- 14.3.10 SAP SE
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
- 14.3.10.4 SWOT Analysis
- 14.3.11 Siemens AG
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.11.3 Financials
- 14.3.11.4 SWOT Analysis
- 14.3.12 T2 Systems Inc. (Verra Mobility)
- 14.3.12.1 Company Overview
- 14.3.12.2 Product Portfolio
- 14.3.1 3M Company
List of Figures
- Figure 1: Global: Parking Management Market: Major Drivers and Challenges
- Figure 2: Global: Parking Management Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Parking Management Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Parking Management Market: Breakup by Offering Type (in %), 2022
- Figure 5: Global: Parking Management Market: Breakup by Deployment Mode (in %), 2022
- Figure 6: Global: Parking Management Market: Breakup by Parking Site (in %), 2022
- Figure 7: Global: Parking Management Market: Breakup by Region (in %), 2022
- Figure 8: Global: Parking Management (Solution) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Parking Management (Solution) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Parking Management (Service) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Parking Management (Service) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Parking Management (On-premises) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Parking Management (On-premises) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Parking Management (Cloud-based) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Parking Management (Cloud-based) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Parking Management (Off-street) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Parking Management (Off-street) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Parking Management (On-street) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Parking Management (On-street) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: North America: Parking Management Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: North America: Parking Management Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: United States: Parking Management Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: United States: Parking Management Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Canada: Parking Management Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Canada: Parking Management Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Asia-Pacific: Parking Management Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Asia-Pacific: Parking Management Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: China: Parking Management Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: China: Parking Management Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: Japan: Parking Management Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: Japan: Parking Management Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: India: Parking Management Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: India: Parking Management Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: South Korea: Parking Management Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: South Korea: Parking Management Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: Australia: Parking Management Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: Australia: Parking Management Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: Indonesia: Parking Management Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: Indonesia: Parking Management Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: Others: Parking Management Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: Others: Parking Management Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: Europe: Parking Management Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: Europe: Parking Management Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: Germany: Parking Management Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: Germany: Parking Management Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: France: Parking Management Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: France: Parking Management Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: United Kingdom: Parking Management Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: United Kingdom: Parking Management Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: Italy: Parking Management Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: Italy: Parking Management Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: Spain: Parking Management Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: Spain: Parking Management Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: Russia: Parking Management Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: Russia: Parking Management Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: Others: Parking Management Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: Others: Parking Management Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: Latin America: Parking Management Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: Latin America: Parking Management Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: Brazil: Parking Management Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: Brazil: Parking Management Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: Mexico: Parking Management Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: Mexico: Parking Management Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Others: Parking Management Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Others: Parking Management Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Middle East and Africa: Parking Management Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Middle East and Africa: Parking Management Market: Breakup by Country (in %), 2022
- Figure 68: Middle East and Africa: Parking Management Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 69: Global: Parking Management Industry: SWOT Analysis
- Figure 70: Global: Parking Management Industry: Value Chain Analysis
- Figure 71: Global: Parking Management Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Parking Management Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Parking Management Market Forecast: Breakup by Offering Type (in Million US$), 2023-2028
- Table 3: Global: Parking Management Market Forecast: Breakup by Deployment Mode (in Million US$), 2023-2028
- Table 4: Global: Parking Management Market Forecast: Breakup by Parking Site (in Million US$), 2023-2028
- Table 5: Global: Parking Management Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Parking Management Market: Competitive Structure
- Table 7: Global: Parking Management Market: Key Players
