Parking Management System Market
Parking Management System Market Study by Access Control, Security & Surveillance, Parking Fee & Revenue Management, Parking Reservation Management, and Others from 2024 to 2034
Analysis of Parking Management System Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Parking Management System Market Outlook (2024 to 2034)
The global parking management system market is estimated to be valued at US$ 5.6 billion in 2024 and is forecast to reach a value of US$ 12.16 billion by 2034, with a projected CAGR of 8.1% from 2024 to 2034, as per this new market analysis published by Fact.MR.
Rapid urbanization across geographies is leading to increased vehicular traffic, which boosts the demand for effective parking management systems. These systems help in the optimization of available parking spaces according to requirements. Local as well as government authorities are introducing policies and regulations for parking management, optimization of available space, and reducing traffic congestion.
Rising incidences of vehicle ownership are leading to an increased demand for more parking spaces. Systems used in parking management aid in the optimum utilization of space and improve the overall parking experience and effectiveness for vehicle owners. More consumers are seeking efficiency and convenience in parking. Parking management systems with mobile payment options, information about real-time space availability, and online reservations are gaining prominence among drivers.
- Demand for parking management systems in the United States is projected to increase at a CAGR of 8% and reach a market value of US$ 2.81 billion by 2034-end.
- Off-street parking sites are forecast to account for 77.9% share of global market revenue by 2034.
Parking management systems help reduce traffic congestion while offering proper guidance to owners about space availability, thus helping minimize carbon emissions. These features are further forecasted to support sustainability efforts in alignment with environmental concerns. Integration of technologies, including license plate recognition, secure payment systems, and surveillance cameras with parking management systems, ensures improved security.
Systems used for parking management generate valuable data about peak hours, revenue, and usage patterns. City planners and businesses can rely on this data for decision-making and enhancing operational effectiveness.
| Report Attributes | Details |
|---|---|
| Parking Management System Market Size (2024E) | US$ 5.6 Billion |
| Forecasted Market Value (2034F) | US$ 12.16 Billion |
| Global Market Growth Rate (2024 to 2034) | 8.1% CAGR |
| Market Share of Off-screen Parking Sites (2034F) | 77.9% |
| East Asia Market Share (2034F) | 38.4% |
| South Korea Market Growth Rate (2024 to 2034) | 9.4% CAGR |
| China Market Value (2034F) | US$ 2.72 Billion |
| Key Companies Profiled | 3M Company; Tyco Security Products; TCS International Inc.; Complus Data Innovations, Inc.; Integrapark, LLC; Amano Corporation; TransCore LP; Passport Parking, LLC; Vodafone Group PLC; Siemens AG; Affiliated Computer Services |
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Why are Parking Management Systems Becoming Popular across the World?
“Increasing Vehicle Ownership Leading to Shortage of Parking Space”
In recent years, there has been a rapid increase in vehicle production around the world, which is projected to intensify the issue of limited parking spaces. In addition, problems related to transportation and traffic congestion are rising due to the limited availability of parking spaces. Therefore, the demand for efficient and smart parking systems is growing.
Currently, the market available options for parking management are fairly competitive to ensure convenience for vehicle owners. They simplify and automate business operations and similar functions, which are generally encountered at parking sites, therefore making parking and traffic flow easier for vehicle owners and operators.
“Growing Need for Advanced Solutions Minimizing Hardware and Connectivity Costs”
The rising need for smooth traffic flow is projected to serve as one of the prominent factors contributing to the increased adoption of parking management systems, especially in big cities. These advanced solutions assist in minimizing the costs of hardware and connectivity associated with parking systems.
Parking management systems contribute to revenue generation for the owners of respective parking locations. Revenue generation and smoothing of traffic flow are prominent factors that are forecast to stimulate the parking management systems market revenue worldwide over the next ten years.
What are the Challenges Associated with Using Parking Management Systems?
“Complexities Associated with Integration of Parking Management Systems with Existing Ones”
Various hardware sensors, computer servers, traffic control devices, application interfaces, and wired and wireless telecommunication systems are involved in parking management systems. The variety of available software systems and infrastructure is enormous. In addition, the collection and analysis of respective data from multiple systems is pivotal for the effective operation of these systems. The integration of all software and hardware in parking management into one platform is projected to act as a restraint on parking management system market growth.
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How can Startups Establish Themselves in This Business Space?
“Emphasis on Integrating AI, Cloud Computing, and IoT in Parking Management Systems”
Startups need to invest in technological advancements, including AI (artificial intelligence), cloud computing, and the Internet of Things (IoT). These technologies are leading to the development of parking management systems with improved efficiency and a smarter approach. Thus, these advancements are estimated to help new players secure a position for themselves.
Country-wise Insights
The newly published analysis by Fact.MR, a market research and competitive intelligence provider, says that the market in East Asia is forecast to hold a 38.4% share of the global market by 2034. Many smart city projects are introduced in countries in East Asia to address transit, utilities, and infrastructure requirements and enhance citizen services. Governments in the region are promoting smart parking solutions owing to an increased need for efficiently managing traffic and environmental concerns.
Why is the United States a Lucrative Market for Parking System Manufacturers?
“Widespread Adoption of Smartphones and Efficient Parking Applications for User Convenience”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 1.3 Billion |
| Growth Rate (2024 to 2034) | 8% CAGR |
| Projected Value (2034F) | US$ 2.81 Billion |
The United States is projected to account for a 79.5% share of the North America market by 2034. The increasing number of automobiles in the United States is forecast to propel the demand for parking management systems to minimize traffic congestion. Furthermore, the growing adoption of smartphones and the introduction of more efficient applications to seek parking spaces are forecasted to ensure convenience for vehicle owners.
The growing commercialization of parking systems, along with an urge to offer customized solutions to end users, is projected to result in the expansion of the parking management system market size in the country.
Why are Providers of Parking Management Systems Investing Heavily in China?
“Focus of Government on Ensuring Efficient Traffic Management and Smart City Development”
| Attribute | China |
|---|---|
| Market Value (2024E) | US$ 1.21 Billion |
| Growth Rate (2024 to 2034) | 8.4% CAGR |
| Projected Value (2034F) | US$ 2.72 Billion |
China is projected to account for a 58.2% share of the East Asia market by 2034. Further, the government’s plan to develop smart cities, along with the increasing need for a smooth and systematic flow of traffic, is projected to promote market growth. In addition, rapid industrialization in China is also contributing to increased demand for parking management systems for smart logistics and transportation.
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Category-wise Insights
As per this Fact.MR study, demand for parking devices is forecast to increase more due to their ability to collect data about peak traffic hours, usage frequency, parking patterns, etc. The same data helps in making decisions and improving the overall efficiency of the parking system, therefore contributing to parking management system market trends.
Which Parking Management System Component & Service Generates High Revenue?
“Improved Efficiency of Parking Devices Reducing Driver Search Time”
| Attribute | Parking Devices |
|---|---|
| Segment Value (2024E) | US$ 2.51 Billion |
| Growth Rate (2024 to 2034) | 7.5% CAGR |
| Projected Value (2034F) | US$ 5.21 Billion |
Parking devices are projected to contribute 42.9% share of the global market by 2034. Several parking devices, including guidance systems and sensors, help in the optimization of parking space while offering real-time information related to the available parking spots. This further helps in the reduction in time spent by automotive drivers looking for parking spaces, therefore leading to the more effective use of parking areas.
Why are Off-street Parking Sites Projected to Become Popular Going Forward?
“Role of Off-street Solutions in Accommodating Many Vehicles in Confined Spaces”
| Attribute | Off-street Parking Sites |
|---|---|
| Segment Value (2024E) | US$ 4.33 Billion |
| Growth Rate (2024 to 2034) | 7.9% CAGR |
| Projected Value (2034F) | US$ 9.47 Billion |
Off-street parking sites are projected to hold 77.9% of the parking management system market share by 2034. This inclination toward off-street parking sites is attributed to the availability of limited parking spaces owing to the growing population density in urban areas. Off-street parking solutions, including parking lots, garages, and structures, offer a more effective way to accommodate numerous vehicles in a confined space.
Competitive Landscape
Leading providers of parking management systems are spending on offering quality products, strengthening their supply chain management systems, new developments, etc. They are coming up with new launches to offer more effective services to their respective end users.
For instance:
- Flowbird Group launched a dispenser named Park and Sanitize in July 2020. It offers a contactless feature and comes as an attachment to the parking & transport ticketing terminals of Flowbird to safeguard several motorists and transport passengers for combating the risk of infection caused due to COVID-19.
3M Company, Tyco Security Products, TCS International Inc., Complus Data Innovations, Inc., Integrapark, LLC, Amano Corporation, TransCore LP, Passport Parking, LLC, Vodafone Group PLC, Siemens AG, and Affiliated Computer Services are key players in the global parking management system industry.
Segmentation of Parking Management System Market Research
-
By Component & Service:
- Parking Software
- Parking Services
- Parking Devices
-
By Solution:
- Access Control Solutions
- Security & Surveillance Solutions
- Parking Fee & Revenue Management Solutions
- Parking Reservation Management Solutions
- Parking Enforcement & Permit Management Solutions
- Valet Parking Management Solutions
- Parking Guidance & Slot Management Solutions
-
By Parking Site:
- On-street Parking
- Off-street Parking
-
By Vertical:
- Academia
- Municipalities & Government Sector
- Transportation Sector
- Recreation Sector
- Healthcare Sector
- Hospitality Sector
- Banking, Financial Services, & Insurance (BFSI) Sector
- Commercial Parks & Corporate Sector
-
By Region:
- North America
- Europe
- East Asia
- Latin America
- Middle East & Africa
- South Asia & Oceania
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Market Background
- 4. Global Market Pricing Analysis
- 5. Global Market Analysis (2018 to 2023) and Forecast (2024 to 2034)
- 6. Global Market Analysis (2018 to 2023) and Forecast (2024 to 2034), by Component & Service
- 6.1. Parking Software
- 6.2. Parking Services
- 6.3. Parking Devices
- 7. Global Market Analysis (2018 to 2023) and Forecast (2024 to 2034), by Solution
- 7.1. Access Control Solutions
- 7.2. Security & Surveillance Solutions
- 7.3. Parking Fee & Revenue Management Solutions
- 7.4. Parking Reservation Management Solutions
- 7.5. Parking Enforcement & Permit Management Solutions
- 7.6. Valet Parking Management Solutions
- 7.7. Parking Guidance & Slot Management Solutions
- 8. Global Market Analysis (2018 to 2023) and Forecast (2024 to 2034), by Parking Site
- 8.1. On-street Parking
- 8.2. Off-street Parking
- 9. Global Market Analysis (2018 to 2023) and Forecast (2024 to 2034), by Vertical
- 9.1. Academia
- 9.2. Municipalities & Government Sector
- 9.3. Transportation Sector
- 9.4. Recreation Sector
- 9.5. Healthcare Sector
- 9.6. Hospitality Sector
- 9.7. Banking, Financial Services, & Insurance (BFSI) Sector
- 9.8. Commercial Parks & Corporate Sector
- 10. Global Market Analysis (2018 to 2023) and Forecast (2024 to 2034), by Region
- 10.1. North America
- 10.2. Europe
- 10.3. East Asia
- 10.4. South Asia
- 10.5. Latin America
- 10.6. Middle East & Africa (MEA)
- 10.7. Oceania
- 11. North America Market Analysis and Forecast
- 12. Europe Market Analysis and Forecast
- 13. East Asia Market Analysis and Forecast
- 14. South Asia Market Analysis and Forecast
- 15. Latin America Market Analysis and Forecast
- 16. Middle East & Africa Market Analysis and Forecast
- 17. Oceania Market Analysis and Forecast
- 18. Global Market Analysis Key Countries
- 19. Competition Landscape
- 20. Competition Analysis
- 20.1. 3M Company
- 20.2. Tyco Security Products
- 20.3. TCS International Inc.
- 20.4. Complus Data Innovations, Inc.
- 20.5. Integrapark, LLC
- 20.6. Amano Corporation
- 20.7. TransCore LP
- 20.8. Passport Parking, LLC
- 20.9. Vodafone Group PLC
- 20.10. Siemens AG
- 20.11. Affiliated Computer Services
- 21. Appendix
- 22. Definitions of Analytical Frameworks
- 23. Sources and References
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List Of Table
Table 01: Global Market by Component & Service, 2018 to 2034
Table 02: Global Market Value (US$ Mn), by Component & Service, 2018 to 2034
Table 03: Global Market by Solution, 2018 to 2034
Table 04: Global Market Value (US$ Mn), by Solution, 2018 to 2034
Table 05: Global Market by Parking Site, 2018 to 2034
Table 06: Global Market Value (US$ Mn), by Parking Site, 2018 to 2034
Table 07: Global Market by Vertical, 2018 to 2034
Table 08: Global Market Value (US$ Mn), by Vertical, 2018 to 2034
Table 09: Global Market by Region, 2018 to 2034
Table 10: Global Market Value (US$ Mn), by Region, 2018 to 2034
Table 11: North America Market by Component & Service, 2018 to 2034
Table 12: North America Market Value (US$ Mn), by Component & Service, 2018 to 2034
Table 13: North America Market by Solution, 2018 to 2034
Table 14: North America Market Value (US$ Mn), by Solution, 2018 to 2034
Table 15: North America Market by Parking Site, 2018 to 2034
Table 16: North America Market Value (US$ Mn), by Parking Site, 2018 to 2034
Table 17: North America Market by Vertical, 2018 to 2034
Table 18: North America Market Value (US$ Mn), by Vertical, 2018 to 2034
Table 19: North America Market by Country, 2018 to 2034
Table 20: North America Market Value (US$ Mn), by Country, 2018 to 2034
Table 21: Europe Market by Component & Service, 2018 to 2034
Table 22: Europe Market Value (US$ Mn), by Component & Service, 2018 to 2034
Table 23: Europe Market by Solution, 2018 to 2034
Table 24: Europe Market Value (US$ Mn), by Solution, 2018 to 2034
Table 25: Europe Market by Parking Site, 2018 to 2034
Table 26: Europe Market Value (US$ Mn), by Parking Site, 2018 to 2034
Table 27: Europe Market by Vertical, 2018 to 2034
Table 28: Europe Market Value (US$ Mn), by Vertical, 2018 to 2034
Table 29: Europe Market by Country, 2018 to 2034
Table 30: Europe Market Value (US$ Mn), by Country, 2018 to 2034
Table 31: East Asia Market by Component & Service, 2018 to 2034
Table 32: East Asia Market Value (US$ Mn), by Component & Service, 2018 to 2034
Table 33: East Asia Market by Solution, 2018 to 2034
Table 34: East Asia Market Value (US$ Mn), by Solution, 2018 to 2034
Table 35: East Asia Market by Parking Site, 2018 to 2034
Table 36: East Asia Market Value (US$ Mn), by Parking Site, 2018 to 2034
Table 37: East Asia Market by Vertical, 2018 to 2034
Table 38: East Asia Market Value (US$ Mn), by Vertical, 2018 to 2034
Table 39: East Asia Market by Country, 2018 to 2034
Table 40: East Asia Market Value (US$ Mn), by Country, 2018 to 2034
Table 41: South Asia Market by Component & Service, 2018 to 2034
Table 42: South Asia Market Value (US$ Mn), by Component & Service, 2018 to 2034
Table 43: South Asia Market by Solution, 2018 to 2034
Table 44: South Asia Market Value (US$ Mn), by Solution, 2018 to 2034
Table 45: South Asia Market by Parking Site, 2018 to 2034
Table 46: South Asia Market Value (US$ Mn), by Parking Site, 2018 to 2034
Table 47: South Asia Market by Vertical, 2018 to 2034
Table 48: South Asia Market Value (US$ Mn), by Vertical, 2018 to 2034
Table 49: South Asia Market by Country, 2018 to 2034
Table 50: South Asia Market Value (US$ Mn), by Country, 2018 to 2034
Table 51: Latin America Market by Component & Service, 2018 to 2034
Table 52: Latin America Market Value (US$ Mn), by Component & Service, 2018 to 2034
Table 53: Latin America Market by Solution, 2018 to 2034
Table 54: Latin America Market Value (US$ Mn), by Solution, 2018 to 2034
Table 55: Latin America Market by Parking Site, 2018 to 2034
Table 56: Latin America Market Value (US$ Mn), by Parking Site, 2018 to 2034
Table 57: Latin America Market by Vertical, 2018 to 2034
Table 58: Latin America Market Value (US$ Mn), by Vertical, 2018 to 2034
Table 59: Latin America Market by Country, 2018 to 2034
Table 60: Latin America Market Value (US$ Mn), by Country, 2018 to 2034
Table 61: Middle East and Africa Market by Component & Service, 2018 to 2034
Table 62: Middle East and Africa Market Value (US$ Mn), by Component & Service, 2018 to 2034
Table 63: Middle East and Africa Market by Solution, 2018 to 2034
Table 64: Middle East and Africa Market Value (US$ Mn), by Solution, 2018 to 2034
Table 65: Middle East and Africa Market by Parking Site, 2018 to 2034
Table 66: Middle East and Africa Market Value (US$ Mn), by Parking Site, 2018 to 2034
Table 67: Middle East and Africa Market by Vertical, 2018 to 2034
Table 68: Middle East and Africa Market Value (US$ Mn), by Vertical, 2018 to 2034
Table 69: Middle East and Africa Market by Country, 2018 to 2034
Table 70: Middle East and Africa Market Value (US$ Mn), by Country, 2018 to 2034
Table 71: Oceania Market by Component & Service, 2018 to 2034
Table 72: Oceania Market Value (US$ Mn), by Component & Service, 2018 to 2034
Table 73: Oceania Market by Solution, 2018 to 2034
Table 74: Oceania Market Value (US$ Mn), by Solution, 2018 to 2034
Table 75: Oceania Market by Parking Site, 2018 to 2034
Table 76: Oceania Market Value (US$ Mn), by Parking Site, 2018 to 2034
Table 77: Oceania Market by Vertical, 2018 to 2034
Table 78: Oceania Market Value (US$ Mn), by Vertical, 2018 to 2034
Table 79: Oceania Market by Country, 2018 to 2034
Table 80: Oceania Market Value (US$ Mn), by Country, 2018 to 2034
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List Of Figures
Fig 01: Global Market Value (US$) and Y-o-Y Growth, 2018 to 2034
Fig 02: Global Absolute $ Historical Market (2018 to 2023) and Absolute $ Opportunity (2024 to 2034), US$ Mn
Fig 03: Global Market Value Y-o-Y Growth and Forecast, 2018 to 2034
Fig 04: Global Market Incremental $ Opportunity (US$ Thousand), 2024 to 2034
Fig 05: Global Market Share, By Component & Service – 2024 to 2034
Fig 06: Global Market Y-o-Y Growth Projections, By Component & Service – 2024 to 2034
Fig 07: Global Market Attractiveness Index, By Component & Service – 2024 to 2034
Fig 08: Global Market Share, By Solution – 2024 to 2034
Fig 09: Global Market Y-o-Y Growth Projections, By Solution – 2024 to 2034
Fig 10: Global Market Attractiveness Index, By Solution – 2024 to 2034
Fig 11: Global Market Share, By Parking Site – 2024 to 2034
Fig 12: Global Market Y-o-Y Growth Projections, By Parking Site – 2024 to 2034
Fig 13: Global Market Attractiveness Index, By Parking Site – 2024 to 2034
Fig 14: Global Market Share, By Vertical – 2024 to 2034
Fig 15: Global Market Y-o-Y Growth Projections, By Vertical – 2024 to 2034
Fig 16: Global Market Attractiveness Index, By Vertical – 2024 to 2034
Fig 17: Global Market Share, by Region – 2024 to 2034
Fig 18: Global Market Y-o-Y Growth Projections, by Region – 2024 to 2034
Fig 19: Global Market Attractiveness Index, by Region – 2024 to 2034
Fig 20: Y-o-Y Growth Comparison of Market: North America Vs North America Countries Vs North America Average
Fig 21: North America Market Share, By Component & Service – 2024 to 2034
Fig 22: North America Market Y-o-Y Growth Projections, By Component & Service – 2024 to 2034
Fig 23: North America Market Attractiveness Index, By Component & Service – 2024 to 2034
Fig 24: North America Market Share, By Solution – 2024 to 2034
Fig 25: North America Market Y-o-Y Growth Projections, By Solution – 2024 to 2034
Fig 26: North America Market Attractiveness Index, By Solution – 2024 to 2034
Fig 27: North America Market Share, By Parking Site – 2024 to 2034
Fig 28: North America Market Y-o-Y Growth Projections, By Parking Site – 2024 to 2034
Fig 29: North America Market Attractiveness Index, By Parking Site – 2024 to 2034
Fig 30: North America Market Share, By Vertical – 2024 to 2034
Fig 31: North America Market Y-o-Y Growth Projections, By Vertical – 2024 to 2034
Fig 32: North America Market Attractiveness Index, By Vertical – 2024 to 2034
Fig 33: North America Market Share, By Country – 2024 to 2034
Fig 34: North America Market Y-o-Y Growth Projections, By Country – 2024 to 2034
Fig 35: North America Market Attractiveness Index, By Country – 2024 to 2034
Fig 36: Y-o-Y Growth Comparison of Market: Europe Vs Europe Countries Vs Europe Average
Fig 37: Europe Market Share, By Component & Service – 2024 to 2034
Fig 38: Europe Market Y-o-Y Growth Projections, By Component & Service – 2024 to 2034
Fig 39: Europe Market Attractiveness Index, By Component & Service – 2024 to 2034
Fig 40: Europe Market Share, By Solution – 2024 to 2034
Fig 41: Europe Market Y-o-Y Growth Projections, By Solution – 2024 to 2034
Fig 42: Europe Market Attractiveness Index, By Solution – 2024 to 2034
Fig 43: Europe Market Share, By Parking Site – 2024 to 2034
Fig 44: Europe Market Y-o-Y Growth Projections, By Parking Site – 2024 to 2034
Fig 45: Europe Market Attractiveness Index, By Parking Site – 2024 to 2034
Fig 46: Europe Market Share, By Vertical – 2024 to 2034
Fig 47: Europe Market Y-o-Y Growth Projections, By Vertical – 2024 to 2034
Fig 48: Europe Market Attractiveness Index, By Vertical – 2024 to 2034
Fig 49: Europe Market Share, By Country – 2024 to 2034
Fig 50: Europe Market Y-o-Y Growth Projections, By Country – 2024 to 2034
Fig 51: Europe Market Attractiveness Index, By Country – 2024 to 2034
Fig 52: Y-o-Y Growth Comparison of Market: East Asia Vs East Asia Countries Vs East Asia Average
Fig 53: East Asia Market Share, By Component & Service – 2024 to 2034
Fig 54: East Asia Market Y-o-Y Growth Projections, By Component & Service – 2024 to 2034
Fig 55: East Asia Market Attractiveness Index, By Component & Service – 2024 to 2034
Fig 56: East Asia Market Share, By Solution – 2024 to 2034
Fig 57: East Asia Market Y-o-Y Growth Projections, By Solution – 2024 to 2034
Fig 58: East Asia Market Attractiveness Index, By Solution – 2024 to 2034
Fig 59: East Asia Market Share, By Parking Site – 2024 to 2034
Fig 60: East Asia Market Y-o-Y Growth Projections, By Parking Site – 2024 to 2034
Fig 61: East Asia Market Attractiveness Index, By Parking Site – 2024 to 2034
Fig 62: East Asia Market Share, By Vertical – 2024 to 2034
Fig 63: East Asia Market Y-o-Y Growth Projections, By Vertical – 2024 to 2034
Fig 64: East Asia Market Attractiveness Index, By Vertical – 2024 to 2034
Fig 65: East Asia Market Share, By Country – 2024 to 2034
Fig 66: East Asia Market Y-o-Y Growth Projections, By Country – 2024 to 2034
Fig 67: East Asia Market Attractiveness Index, By Country – 2024 to 2034
Fig 68: Y-o-Y Growth Comparison of Market: South Asia Vs South Asia Countries Vs South Asia Average
Fig 69: South Asia Market Share, By Component & Service – 2024 to 2034
Fig 70: South Asia Market Y-o-Y Growth Projections, By Component & Service – 2024 to 2034
Fig 71: South Asia Market Attractiveness Index, By Component & Service – 2024 to 2034
Fig 72: South Asia Market Share, By Solution – 2024 to 2034
Fig 73: South Asia Market Y-o-Y Growth Projections, By Solution – 2024 to 2034
Fig 74: South Asia Market Attractiveness Index, By Solution – 2024 to 2034
Fig 75: South Asia Market Share, By Parking Site – 2024 to 2034
Fig 76: South Asia Market Y-o-Y Growth Projections, By Parking Site – 2024 to 2034
Fig 77: South Asia Market Attractiveness Index, By Parking Site – 2024 to 2034
Fig 78: South Asia Market Share, By Vertical – 2024 to 2034
Fig 78: South Asia Market Y-o-Y Growth Projections, By Vertical – 2024 to 2034
Fig 80: South Asia Market Attractiveness Index, By Vertical – 2024 to 2034
Fig 81: South Asia Market Share, By Country – 2024 to 2034
Fig 82: South Asia Market Y-o-Y Growth Projections, By Country – 2024 to 2034
Fig 83: South Asia Market Attractiveness Index, By Country – 2024 to 2034
Fig 84: Y-o-Y Growth Comparison of Market: Latin America Vs Latin America Countries Vs Latin America Average
Fig 85: Latin America Market Share, By Component & Service – 2024 to 2034
Fig 86: Latin America Market Y-o-Y Growth Projections, By Component & Service – 2024 to 2034
Fig 87: Latin America Market Attractiveness Index, By Component & Service – 2024 to 2034
Fig 88: Latin America Market Share, By Solution – 2024 to 2034
Fig 89: Latin America Market Y-o-Y Growth Projections, By Solution – 2024 to 2034
Fig 90: Latin America Market Attractiveness Index, By Solution – 2024 to 2034
Fig 91: Latin America Market Share, By Parking Site – 2024 to 2034
Fig 92: Latin America Market Y-o-Y Growth Projections, By Parking Site – 2024 to 2034
Fig 93: Latin America Market Attractiveness Index, By Parking Site – 2024 to 2034
Fig 94: Latin America Market Share, By Vertical – 2024 to 2034
Fig 95: Latin America Market Y-o-Y Growth Projections, By Vertical – 2024 to 2034
Fig 96: Latin America Market Attractiveness Index, By Vertical – 2024 to 2034
Fig 97: Latin America Market Share, By Country – 2024 to 2034
Fig 98: Latin America Market Y-o-Y Growth Projections, By Country – 2024 to 2034
Fig 99: Latin America Market Attractiveness Index, By Country – 2024 to 2034
Fig 100: Y-o-Y Growth Comparison of Market: MEA Vs MEA Countries Vs MEA Average
Fig 101: MEA Market Share, By Component & Service – 2024 to 2034
Fig 102: MEA Market Y-o-Y Growth Projections, By Component & Service – 2024 to 2034
Fig 103: MEA Market Attractiveness Index, By Component & Service – 2024 to 2034
Fig 104: MEA Market Share, By Solution – 2024 to 2034
Fig 105: MEA Market Y-o-Y Growth Projections, By Solution – 2024 to 2034
Fig 106: MEA Market Attractiveness Index, By Solution – 2024 to 2034
Fig 107: MEA Market Share, By Parking Site – 2024 to 2034
Fig 108: MEA Market Y-o-Y Growth Projections, By Parking Site – 2024 to 2034
Fig 109: MEA Market Attractiveness Index, By Parking Site – 2024 to 2034
Fig 110: MEA Market Share, By Vertical – 2024 to 2034
Fig 111: MEA Market Y-o-Y Growth Projections, By Vertical – 2024 to 2034
Fig 112: MEA Market Attractiveness Index, By Vertical – 2024 to 2034
Fig 113: MEA Market Share, By Country – 2024 to 2034
Fig 114: MEA Market Y-o-Y Growth Projections, By Country – 2024 to 2034
Fig 115: MEA Market Attractiveness Index, By Country – 2024 to 2034
Fig 116: Y-o-Y Growth Comparison of Market: Oceania Vs Oceania Countries Vs Oceania Average
Fig 117: Oceania Market Share, By Component & Service – 2024 to 2034
Fig 118: Oceania Market Y-o-Y Growth Projections, By Component & Service – 2024 to 2034
Fig 119: Oceania Market Attractiveness Index, By Component & Service – 2024 to 2034
Fig 120: Oceania Market Share, By Solution – 2024 to 2034
Fig 121: Oceania Market Y-o-Y Growth Projections, By Solution – 2024 to 2034
Fig 122: Oceania Market Attractiveness Index, By Solution – 2024 to 2034
Fig 123: Oceania Market Share, By Parking Site – 2024 to 2034
Fig 124: Oceania Market Y-o-Y Growth Projections, By Parking Site – 2024 to 2034
Fig 125: Oceania Market Attractiveness Index, By Parking Site – 2024 to 2034
Fig 126: Oceania Market Share, By Vertical – 2024 to 2034
Fig 127: Oceania Market Y-o-Y Growth Projections, By Vertical – 2024 to 2034
Fig 128: Oceania Market Attractiveness Index, By Vertical – 2024 to 2034
Fig 129: Oceania Market Share, By Country – 2024 to 2034
Fig 130: Oceania Market Y-o-Y Growth Projections, By Country – 2024 to 2034
Fig 131: Oceania Market Attractiveness Index, By Country – 2024 to 2034
Fig 132: United States Market share by Component & Service, 2023
Fig 133: United States Market share by Solution, 2023
Fig 134: United States Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 135: United States Market Share by Vertical, 2023
Fig 136: Canada Market share by Component & Service, 2023
Fig 137: Canada Market share by Solution, 2023
Fig 138: Canada Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 139: Canada Market Share by Vertical, 2023
Fig 140: Germany Market share by Component & Service, 2023
Fig 141: Germany Market share by Solution, 2023
Fig 142: Germany Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 143: Germany Market Share by Vertical, 2023
Fig 144: United Kingdom Market share by Component & Service, 2023
Fig 145: United Kingdom Market share by Solution, 2023
Fig 146: United Kingdom Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 147: United Kingdom Market Share by Vertical, 2023
Fig 148: France Market share by Component & Service, 2023
Fig 149: France Market share by Solution, 2023
Fig 150: France Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 151: France Market Share by Vertical, 2023
Fig 152: Russia Market share by Component & Service, 2023
Fig 153: Russia Market share by Solution, 2023
Fig 154: Russia Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 155: Russia Market Share by Vertical, 2023
Fig 156: Spain Market share by Component & Service, 2023
Fig 157: Spain Market share by Solution, 2023
Fig 158: Spain Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 159: Spain Market Share by Vertical, 2023
Fig 160: Italy Market share by Component & Service, 2023
Fig 161: Italy Market share by Solution, 2023
Fig 162: Italy Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 163: Italy Market Share by Vertical, 2023
Fig 164: China Market share by Component & Service, 2023
Fig 165: China Market share by Solution, 2023
Fig 166: China Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 167: China Market Share by Vertical, 2023
Fig 168: Japan Market share by Component & Service, 2023
Fig 169: Japan Market share by Solution, 2023
Fig 170: Japan Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 171: Japan Market Share by Vertical, 2023
Fig 172: South Korea Market share by Component & Service, 2023
Fig 173: South Korea Market share by Solution, 2023
Fig 174: South Korea Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 175: South Korea Market Share by Vertical, 2023
Fig 176: India Market share by Component & Service, 2023
Fig 177: India Market share by Solution, 2023
Fig 178: India Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 179: India Market Share by Vertical, 2023
Fig 180: Singapore Market share by Component & Service, 2023
Fig 181: Singapore Market share by Solution, 2023
Fig 182: Singapore Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 183: Singapore Market Share by Vertical, 2023
Fig 184: Indonesia Market share by Component & Service, 2023
Fig 185: Indonesia Market share by Solution, 2023
Fig 186: Indonesia Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 187: Indonesia Market Share by Vertical, 2023
Fig 188: Thailand Market share by Component & Service, 2023
Fig 189: Thailand Market share by Solution, 2023
Fig 190: Thailand Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 191: Thailand Market Share by Vertical, 2023
Fig 192: Brazil Market share by Component & Service, 2023
Fig 193: Brazil Market share by Solution, 2023
Fig 194: Brazil Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 195: Brazil Market Share by Vertical, 2023
Fig 196: Mexico Market share by Component & Service, 2023
Fig 197: Mexico Market share by Solution, 2023
Fig 198: Mexico Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 199: Mexico Market Share by Vertical, 2023
Fig 200: Turkey Market share by Component & Service, 2023
Fig 201: Turkey Market share by Solution, 2023
Fig 202: Turkey Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 203: Turkey Market Share by Vertical, 2023
Fig 204: GCC Countries Market share by Component & Service, 2023
Fig 205: GCC Countries Market share by Solution, 2023
Fig 206: GCC Countries Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 207: GCC Countries Market Share by Vertical, 2023
Fig 208: South Africa Market share by Component & Service, 2023
Fig 209: South Africa Market share by Solution, 2023
Fig 210: South Africa Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 211: South Africa Market Share by Vertical, 2023
Fig 212: Australia Market share by Component & Service, 2023
Fig 213: Australia Market share by Solution, 2023
Fig 214: Australia Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 215: Australia Market Share by Vertical, 2023
Fig 216: New Zealand Market share by Component & Service, 2023
Fig 217: New Zealand Market share by Solution, 2023
Fig 218: New Zealand Market Value (US$ Mn) and Forecast 2024 to 2034
Fig 219: New Zealand Market Share by Vertical, 2023
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- FAQs -
How big is the size of the parking management system market in 2024?
The global parking management system market is estimated at US$ 5.6 billion in 2024.
What is the demand projection for parking management systems for 2034?
Demand for parking management systems is projected to reach a market value of US$ 12.16 billion by the end of 2034.
At what rate is the demand for parking management systems projected to grow?
The market for parking management systems is forecasted to rise at 8.1% CAGR from 2024 to 2034.
How much share of the market is forecasted to be held by East Asia?
East Asia is forecasted to account for 38.4% share of global market revenue by 2034.
What are the sales projections for parking management systems in South Korea?
Sales of parking management systems in South Korea are projected to increase at a CAGR of 9.4% from 2024 to 2034.
What is the demand valuation of off-street parking sites by the end of 2034?
Revenue from off-street parking sites is forecasted to reach US$ 9.47 billion by the end of 2034.
Parking Management System Market