How big is the Parking Management Market?

The Parking Management Market size is expected to reach USD 5.19 billion in 2024 and grow at a CAGR of 9.26% to reach USD 8.09 billion by 2029. Read More

What is the current Parking Management Market size?

In 2024, the Parking Management Market size is expected to reach USD 5.19 billion. Read More

Who are the key players in Parking Management Market?

DELOPT, Bond Traffic Solutions, FlashParking, Inc., TIBA Parking and Passport Inc. are the major companies operating in the Parking Management Market. Read More

Which is the fastest growing region in Parking Management Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Parking Management Market?

In 2024, the Europe accounts for the largest market share in Parking Management Market. Read More

What years does this Parking Management Market cover, and what was the market size in 2023?

In 2023, the Parking Management Market size was estimated at USD 4.75 billion. The report covers the Parking Management Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Parking Management Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the key factors driving the Parking Management Market?

Key factors driving the Parking Management Market are a) Increasing urbanization b) Rise of smart cities c) Growing need for efficient vehicular traffic management Read More

What are the latest trends in Parking Management Market?

The latest trends in Parking Management Market include: a) Adoption of cloud-based solutions b) Use of data analytics for optimized parking c) Integration of parking management with other urban mobility services Read More

Parking Management Market Analysis: Key Trends and Growth Forecast

Parking Management Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis (2024 - 2029)

The Global Parking Management Market Analysis is segmented by Deployment Type (On-premises, Cloud-based), Parking Site (Off-street, On-street), by Geography(North America (United States, Canada), Europe (United Kingdom, Germany, and the Rest of Europe), Asia Pacific (China, Japan, South Korea, Rest of Asia Pacific), Latin America (Brazil, Mexico, Rest of Latin America), Middle East and Africa (United Arab Emirates, South Africa, Rest of Middle East and Africa)). The market sizes and forecasts are provided in terms of value in USD million for all the above segments.

Parking Management Industry Overview

The Parking Management Market is fragmented with the presence of major players like DEPLOT, Bond Traffic Solutions, FlashParking, Inc., TIBA Parking, and Passport Inc. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.

June 2022 - FLASH announced the acquisition of Ballparc, one of the leading producers of event parking revenue control and enforcement solutions. The acquisition made FLASH's commitment to providing parking asset owners and operators with the tools they need to turn isolated parking facilities into connected mobility hubs and participate in the burgeoning mobility economy.
June 2022 - Passport, a provider of transportation software and payment services that governments rely on to manage their parking and mobility infrastructure, the City of Dayton in Ohio is digitizing its parking operations. The city provides drivers with a mobile alternative to pay for parking at close to 1,300 places due to Passport's platform.