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The parking management market size is estimated to grow at a CAGR of 11.52% between 2023 and 2028. The market size is forecast to increase by USD 3.38 billion. The growth of the market depends on several factors, including the increasing need for convenient and assured parking, the increasing number of vehicles on the road and the growth in smart parking deployment projects. Parking management generally refers to the various programs, strategies, and policies that result in more efficient usage of parking resources. Parking management helps the driver in locating the vacant parking spot through sensors installed in each parking space. It also helps in managing the price and provision of parking, especially in high-activity and dense locations, reducing the blockage of surrounding corridors.
The report includes a comprehensive outlook on the parking management market offering forecasts for the industry segmented by Component, which comprises solutions and services. Additionally, it categorizes Deployment into on-premises and cloud, and covers Region, including North America, APAC, Europe, Middle East and Africa, and South America. The report provides market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD billion for each of the mentioned segments.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Component
7 Market Segmentation by Deployment
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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