
Parking Management Market
Parking Management Market Forecasts to 2030 - Global Analysis By Type (Off-Street Parking, On-Street Parking, and Other Types), Solution, Technology, Deployment Mode, Service, End User and By Geography

According to Stratistics MRC, the Global Parking Management Market is accounted for $5.14 billion in 2024 and is expected to reach $10.59 billion by 2030 growing at a CAGR of 12.8% during the forecast period. The effective use and arrangement of parking spots to maximize traffic flow, lessen congestion, and guarantee a seamless parking experience is known as parking management. To control and monitor parking lots, it entails putting in place systems and technology including parking sensors, ticketing, reservation platforms, and payment solutions. In order to improve overall urban mobility, parking management aims to increase space utilization, lessen traffic-related problems, and offer companies and drivers safe, convenient parking options.
According to the World Bank, about 83% of the population will live in urban areas in 2021. This is expected to increase to more than 85% by 2030. These factors are expected to push further improvements in the parking management system.
Market Dynamics:
Driver:
Rising traffic congestion
Traffic problems are exacerbated by the growing number of parking spots in cities and increase in automobile ownership. Drivers often spend significant time searching for parking, which contributes to higher levels of congestion, pollution, and inefficiency. To address this challenge, advanced parking management solutions, including smart parking systems, real-time parking guidance, mobile apps, and automated payment solutions, are being implemented. These technologies optimize the use of available parking spaces, reduce the time spent looking for parking, and improve overall traffic flow, helping cities to alleviate congestion while enhancing the convenience and efficiency of urban mobility.
Restraint:
Privacy and data security concerns
With the growing use of smart parking solutions that rely on IoT devices, sensors, and mobile apps, privacy and data security issues pose serious obstacles in the parking management market. These systems gather a lot of personal information, including payment information, location, parking length, and vehicle identification, which might lead to worries about data breaches and illegal access. Building consumer trust requires implementing strong cyber security safeguards, open data policies, and adherence to privacy laws. Effectively addressing these issues is essential to parking management systems' long-term survival and successful acceptance in a networked, data-driven environment.
Opportunity:
Growing integration with transportation networks
Urban mobility is being transformed by the integration of parking management systems with transportation networks. These systems, which make use of IoT technology, allow for real-time parking availability monitoring, which makes it easier for drivers to find and reserve spots. This link encourages multimodal travel and lessens dependency on private vehicles by enabling smooth transitions between parking lots and public transportation options. Transportation authorities are better equipped to plan infrastructure and optimize traffic flow because to improved data analytics. Overall, this integration fosters sustainable urban environments that increase city dwellers' quality of life by lowering emissions and congestion while also improving the parking experience.
Threat:
Limited availability of parking space
In densely populated urban areas, the demand for parking often exceeds supply, leading to overcrowded parking facilities and long search times for available spots. This scarcity not only contributes to increased traffic congestion but also hinders efficient city planning and development. To address this issue, parking management systems, including smart parking solutions, space optimization technologies, and real-time monitoring, are being implemented to make better use of existing parking areas. By improving space utilization, these systems help alleviate parking shortages, reduce congestion, and ensure more efficient parking operations in high-demand areas.
Covid-19 Impact
The COVID-19 epidemic had a major effect on the parking management industry, causing lockdowns and movement restrictions to drastically reduce demand for parking. Parking revenues were significantly impacted by the decrease in foot traffic that many businesses, particularly those in commercial areas and entertainment events, faced. However, as operators looked to improve user safety and convenience, this crisis also sped up the adoption of contactless and touchless parking systems. The adoption of smart technology, such automated parking management and mobile payment systems, has become crucial for adjusting to shifting consumer preferences and maintaining operational resilience in the wake of the epidemic.
The mobile applications segment is expected to be the largest during the forecast period
The mobile applications segment is expected to account for the largest market share during the forecast period, due to the increasing demand for convenience and real-time solutions. These apps allow users to easily find, reserve, and pay for parking spaces using their smartphones, enhancing the overall parking experience. By providing features like location tracking, space availability updates, and contactless payments, mobile applications help reduce search time, minimize congestion, and streamline parking operations. This ease of use and efficiency are major factors behind the growing adoption of mobile apps in parking management.
The consulting services segment is expected to have the highest CAGR during the forecast period
The consulting services segment is anticipated to witness the highest CAGR during the forecast period, fueled by helping organizations and municipalities design and implement effective parking strategies. With increasing urbanization and complex traffic patterns, parking management solutions require expert guidance to optimize space usage, integrate advanced technologies, and ensure compliance with local regulations. Consultants offer valuable insights on system selection, infrastructure planning, and the adoption of smart parking technologies, enabling businesses and cities to create more efficient, sustainable, and user-friendly parking environments.
Region with largest share:
Asia Pacific is expected to have the largest market share during the forecast period due to the region's burgeoning economies and expanding middle class have led to a surge in car ownership, exacerbating traffic congestion and parking challenges. To address these issues, governments and businesses are increasingly investing in advanced parking management solutions, such as automated parking systems, real-time occupancy data, and mobile payment options. Furthermore, the rise of smart cities and the integration of Internet of Things (IoT) technologies are creating new opportunities for innovative parking management solutions that can improve traffic flow, optimize parking utilization, and enhance the overall urban experience.
Region with highest CAGR:
During the forecast period, the North America region is anticipated to register the highest CAGR, owing to escalating urbanization and traffic congestion, which necessitate efficient parking solutions. The growing adoption of smart city initiatives, coupled with advancements in Internet of Things (IoT) and connectivity technologies, is further propelling market growth. Additionally, the increasing demand for seamless traffic flow, reduced fuel consumption, and enhanced user experience through mobile apps and real-time parking availability information are key drivers of market expansion.
Key players in the market
Some of the key players profiled in the Parking Management Market include APCOA Parking, Skidata AG, ParkMobile, LLC, Scheidt & Bachmann GmbH, Klaus Multiparking GmbH, Q-Park, Flowbird Group, Smart Parking Ltd., Parking Boss, Bosch Mobility Solutions, INRIX, Inc., Parkonect, Conduent, Parker Technology, Siemens Mobility, and ParkPlus System.
Key Developments:
In January 2023, ParkMobile launched an updated version of its mobile app, integrating more seamless payment options and real-time availability tracking for parking spots in various U.S. cities.
In November 2023, ParkMobile launched an updated version of its mobile app, integrating more seamless payment options and real-time availability tracking for parking spots in various U.S. cities.
In September 2023, Siemens Mobility introduced a new smart parking solution that integrates with existing city infrastructure, offering real-time parking space monitoring, automated payments, and better urban mobility management.
Types Covered:
• Off-Street Parking
• On-Street Parking
• Other Types
Solutions Covered:
• Parking Reservation Systems
• Parking Guidance Systems
• Parking Access & Revenue Control Systems (PARCS)
• Smart Parking Solutions
• Ticketing & Payment Solutions
• Security & Surveillance
• Valet Parking Management
Technologies Covered:
• Internet of Things (IoT)
• Cloud-Based Systems
• Artificial Intelligence (AI)
• Mobile Applications
Deployment Modes Covered:
• On-Premise
• Cloud-Based
Services Covered:
• Consulting Services
• System Integration & Deployment
• Support & Maintenance
• Other Services
End Users Covered:
• Commercial
• Residential
• Government
• Transport Transit
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Parking Management Market, By Type
5.1 Introduction
5.2 Off-Street Parking
5.3 On-Street Parking
5.3.1 Garage Parking
5.3.2 Lot Parking
5.4 Other Types
6 Global Parking Management Market, By Solution
6.1 Introduction
6.2 Parking Reservation Systems
6.3 Parking Guidance Systems
6.4 Parking Access & Revenue Control Systems (PARCS)
6.5 Smart Parking Solutions
6.6 Ticketing & Payment Solutions
6.7 Security & Surveillance
6.8 Valet Parking Management
7 Global Parking Management Market, By Technology
7.1 Introduction
7.2 Internet of Things (IoT)
7.3 Cloud-Based Systems
7.4 Artificial Intelligence (AI)
7.5 Mobile Applications
8 Global Parking Management Market, By Deployment Mode
8.1 Introduction
8.2 On-Premise
8.3 Cloud-Based
9 Global Parking Management Market, By Service
9.1 Introduction
9.2 Consulting Services
9.3 System Integration & Deployment
9.4 Support & Maintenance
9.5 Other Services
10 Global Parking Management Market, By End User
10.1 Introduction
10.2 Commercial
10.3 Residential
10.4 Government
10.5 Transport Transit
10.6 Other End Users
11 Global Parking Management Market, By Geography
11.1 Introduction
11.2 North America
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 Italy
11.3.4 France
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 Japan
11.4.2 China
11.4.3 India
11.4.4 Australia
11.4.5 New Zealand
11.4.6 South Korea
11.4.7 Rest of Asia Pacific
11.5 South America
11.5.1 Argentina
11.5.2 Brazil
11.5.3 Chile
11.5.4 Rest of South America
11.6 Middle East & Africa
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 Qatar
11.6.4 South Africa
11.6.5 Rest of Middle East & Africa
12 Key Developments
12.1 Agreements, Partnerships, Collaborations and Joint Ventures
12.2 Acquisitions & Mergers
12.3 New Product Launch
12.4 Expansions
12.5 Other Key Strategies
13 Company Profiling
13.1 APCOA Parking
13.2 Skidata AG
13.3 ParkMobile, LLC
13.4 Scheidt & Bachmann GmbH
13.5 Klaus Multiparking GmbH
13.6 Q-Park
13.7 Flowbird Group
13.8 Smart Parking Ltd.
13.9 Parking Boss
13.10 Bosch Mobility Solutions
13.11 INRIX, Inc.
13.12 Parkonect
13.13 Conduent
13.14 Parker Technology
13.15 Siemens Mobility
13.16 ParkPlus System
List of Tables
1 Global Parking Management Market Outlook, By Region (2022-2030) ($MN)
2 Global Parking Management Market Outlook, By Type (2022-2030) ($MN)
3 Global Parking Management Market Outlook, By Off-Street Parking (2022-2030) ($MN)
4 Global Parking Management Market Outlook, By On-Street Parking (2022-2030) ($MN)
5 Global Parking Management Market Outlook, By Garage Parking (2022-2030) ($MN)
6 Global Parking Management Market Outlook, By Lot Parking (2022-2030) ($MN)
7 Global Parking Management Market Outlook, By Other Types (2022-2030) ($MN)
8 Global Parking Management Market Outlook, By Solution (2022-2030) ($MN)
9 Global Parking Management Market Outlook, By Parking Reservation Systems (2022-2030) ($MN)
10 Global Parking Management Market Outlook, By Parking Guidance Systems (2022-2030) ($MN)
11 Global Parking Management Market Outlook, By Parking Access & Revenue Control Systems (PARCS) (2022-2030) ($MN)
12 Global Parking Management Market Outlook, By Smart Parking Solutions (2022-2030) ($MN)
13 Global Parking Management Market Outlook, By Ticketing & Payment Solutions (2022-2030) ($MN)
14 Global Parking Management Market Outlook, By Security & Surveillance (2022-2030) ($MN)
15 Global Parking Management Market Outlook, By Valet Parking Management (2022-2030) ($MN)
16 Global Parking Management Market Outlook, By Technology (2022-2030) ($MN)
17 Global Parking Management Market Outlook, By Internet of Things (IoT) (2022-2030) ($MN)
18 Global Parking Management Market Outlook, By Cloud-Based Systems (2022-2030) ($MN)
19 Global Parking Management Market Outlook, By Artificial Intelligence (AI) (2022-2030) ($MN)
20 Global Parking Management Market Outlook, By Mobile Applications (2022-2030) ($MN)
21 Global Parking Management Market Outlook, By Deployment Mode (2022-2030) ($MN)
22 Global Parking Management Market Outlook, By On-Premise (2022-2030) ($MN)
23 Global Parking Management Market Outlook, By Cloud-Based (2022-2030) ($MN)
24 Global Parking Management Market Outlook, By Service (2022-2030) ($MN)
25 Global Parking Management Market Outlook, By Consulting Services (2022-2030) ($MN)
26 Global Parking Management Market Outlook, By System Integration & Deployment (2022-2030) ($MN)
27 Global Parking Management Market Outlook, By Support & Maintenance (2022-2030) ($MN)
28 Global Parking Management Market Outlook, By Other Services (2022-2030) ($MN)
29 Global Parking Management Market Outlook, By End User (2022-2030) ($MN)
30 Global Parking Management Market Outlook, By Commercial (2022-2030) ($MN)
31 Global Parking Management Market Outlook, By Residential (2022-2030) ($MN)
32 Global Parking Management Market Outlook, By Government (2022-2030) ($MN)
33 Global Parking Management Market Outlook, By Transport Transit (2022-2030) ($MN)
34 Global Parking Management Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY

We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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