Product Code: GVR-4-68039-913-0
Parking Management Market Growth & Trends:
The global parking management market size is expected to reach USD 9.26 billion by 2030 and is expected to expand at 12.6% from 2025 to 2030, according to a new report by Grand View Research, Inc. The growing demand for smart parking sensors, the increasing need for parking spaces, and favorable government initiatives are some of the factors contributing to the market growth.
Smart technologies are experiencing tremendous growth in the parking management system, including parking guidance systems, automated parking, and parking reservation systems. In addition to these technologies, the demand for security and safety of parked vehicles is also increasing rapidly among vehicle owners, which is propelling the procurement of a parking surveillance system. This will create a substantial market space for parking management companies to grow over the years.
Several car park mobile applications have included the feature to reserve a vehicle park space and make payments through mobile wallets. It allows users to save meaningful time spent searching for vacant spaces and provides parking enforcement options, such as adding remote parking spaces and providing parking information to users. For instance, in April 2022, ParkMobile, LLC announced a partnership with Diamond Parking, a parking facility provider in the U.S. Through the partnership the former company offers contactless payments in more than 25 cities across Western Canada, Washington, Alaska, Montana, Hawaii, Oregon, Idaho, California, and Hawaii. ParkMobile will now be accessible at more than 800 Diamond Parking spots.
The increasing availability of integrated automated solutions and advancements in wireless technology are anticipated to drive the adoption of parking management solutions. Moreover, parking management systems aid in increasing mobility in cities and offer a dependable revenue model. These systems use data analytics, wireless communication technology, and sensors to address parking issues in cities and metros.
Parking Management Market Report Highlights:
- The solution segment accounted for the largest share of 67.0% in 2024. The rise of contactless payments and digital solutions is driving the segment's growth.
- The on-premise segment held the largest market share in 2024. Data security and privacy concerns drive the growth of the segment.
- The government segment dominated the market in 2024. The ability to collect and analyze data related to parking usage is becoming increasingly vital for government parking management.
- The North America parking management market held a significant share in 2024. Smart City initiatives and government support drive the market's growth.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Research Methodology
- 1.2.1. Information Procurement
- 1.3. Information or Data Analysis
- 1.4. Methodology
- 1.5. Research Scope and Assumptions
- 1.6. Market Formulation & Validation
- 1.7. Country Based Segment Share Calculation
- 1.8. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Parking Management Market Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.2. Market Dynamics
- 3.2.1. Market Driver Analysis
- 3.2.2. Market Restraint Analysis
- 3.2.3. Industry Challenge
- 3.3. Parking Management Market Analysis Tools
- 3.3.1. Industry Analysis - Porter's
- 3.3.1.1. Bargaining power of the suppliers
- 3.3.1.2. Bargaining power of the buyers
- 3.3.1.3. Threats of substitution
- 3.3.1.4. Threats from new entrants
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Economic landscape
- 3.3.2.3. Social landscape
- 3.3.2.4. Technological landscape
- 3.3.2.5. Environmental landscape
- 3.3.2.6. Legal landscape
Chapter 4. Parking Management Market: Component Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Parking Management Market: Component Movement Analysis, USD Million, 2024 & 2030
- 4.3. Solution
- 4.3.1. Solution Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.2. Access Control
- 4.3.2.1. Access Control Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.3. Security & Surveillance
- 4.3.3.1. Security & Surveillance Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.4. Revenue Management
- 4.3.4.1. Revenue Management Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.5. Parking Reservation Management
- 4.3.5.1. Parking Reservation Management Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.6. Valet Parking Management
- 4.3.6.1. Valet Parking Management Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.3.7. Others
- 4.3.7.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4. Service
- 4.4.1. Service Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.2. Consulting Services
- 4.4.2.1. Consulting Services Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.3. System Integration and Deployment
- 4.4.3.1. System Integration and Deployment Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4.4. Support and Maintenance
- 4.4.4.1. Support and Maintenance Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 5. Parking Management Market: Deployment Type Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Parking Management Market: Deployment Type Movement Analysis, USD Million, 2024 & 2030
- 5.3. Cloud
- 5.3.1. Cloud Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.4. On-premise
- 5.4.1. On-premise Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6. Parking Management Market: Parking Site Estimates & Trend Analysis
- 6.1. Segment Dashboard
- 6.2. Parking Management Market: Parking Site Movement Analysis, USD Million, 2024 & 2030
- 6.3. On-street
- 6.3.1. On-street Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4. Off-street
- 6.4.1. Off-street Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.2. Garage Parking
- 6.4.2.1. Garage Parking Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.3. Lot Parking
- 6.4.3.1. Lot Parking Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7. Parking Management Market: Application Estimates & Trend Analysis
- 7.1. Segment Dashboard
- 7.2. Parking Management Market: Application Movement Analysis, USD Million, 2024 & 2030
- 7.3. Transport Transit
- 7.3.1. Transport Transit Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.4. Commercial
- 7.4.1. Commercial Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 7.5. Government
- 7.5.1. Government Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 8. Parking Management Market: Regional Estimates & Trend Analysis
- 8.1. Parking Management Market Share, By Region, 2024 & 2030, USD Million
- 8.2. North America
- 8.2.1. North America Parking Management Market Estimates and Forecasts, 2018 - 2030 (USD MILLION)
- 8.2.2. U.S.
- 8.2.2.1. U.S. Parking Management Market Estimates and Forecasts, 2018 - 2030 (USD MILLION)
- 8.2.3. Canada
- 8.2.3.1. Canada Parking Management Market Estimates and Forecasts, 2018 - 2030 (USD MILLION)
- 8.2.4. Mexico
- 8.2.4.1. Mexico Parking Management Market Estimates and Forecasts, 2018 - 2030 (USD MILLION)
- 8.3. Europe
- 8.3.1. Europe Parking Management Market Estimates and Forecasts, 2018 - 2030 (USD MILLION)
- 8.3.2. UK
- 8.3.2.1. UK Parking Management Market Estimates and Forecasts, 2018 - 2030 (USD MILLION)
- 8.3.3. Germany
- 8.3.3.1. Germany Parking Management Market Estimates and Forecasts, 2018 - 2030 (USD MILLION)
- 8.3.4. France
- 8.3.4.1. France Parking Management Market Estimates and Forecasts, 2018 - 2030 (USD MILLION)
- 8.4. Asia Pacific
- 8.4.1. Asia Pacific Parking Management Market Estimates and Forecasts, 2018 - 2030 (USD MILLION)
- 8.4.2. China
- 8.4.2.1. China Parking Management Market Estimates and Forecasts, 2018 - 2030 (USD MILLION)
- 8.4.3. Japan
- 8.4.3.1. Japan Parking Management Market Estimates and Forecasts, 2018 - 2030 (USD MILLION)
- 8.4.4. India
- 8.4.4.1. India Parking Management Market Estimates and Forecasts, 2018 - 2030 (USD MILLION)
- 8.4.5. South Korea
- 8.4.5.1. South Korea Parking Management Market Estimates and Forecasts, 2018 - 2030 (USD MILLION)
- 8.4.6. Australia
- 8.4.6.1. Australia Parking Management Market Estimates and Forecasts, 2018 - 2030 (USD MILLION)
- 8.5. Latin America
- 8.5.1. Latin America Parking Management Market Estimates and Forecasts, 2018 - 2030 (USD MILLION)
- 8.5.2. Brazil
- 8.5.2.1. Brazil Parking Management Market Estimates and Forecasts, 2018 - 2030 (USD MILLION)
- 8.6. Middle East and Africa
- 8.6.1. Middle East and Africa Parking Management Market Estimates and Forecasts, 2018 - 2030 (USD MILLION)
- 8.6.2. UAE
- 8.6.2.1. UAE Parking Management Market Estimates and Forecasts, 2018 - 2030 (USD MILLION)
- 8.6.3. KSA
- 8.6.3.1. KSA Parking Management Market Estimates and Forecasts, 2018 - 2030 (USD MILLION)
- 8.6.4. South Africa
- 8.6.4.1. South Africa Parking Management Market Estimates and Forecasts, 2018 - 2030 (USD MILLION)
Chapter 9. Competitive Landscape
- 9.1. Company Categorization
- 9.2. Company Market Positioning
- 9.3. Company Heat Map Analysis
- 9.4. Company Profiles/Listing
- 9.4.1. 3M Company
- 9.4.1.1. Participant's Overview
- 9.4.1.2. Financial Performance
- 9.4.1.3. Product Benchmarking
- 9.4.1.4. Strategic Initiatives
- 9.4.2. Amano Corporation
- 9.4.2.1. Participant's Overview
- 9.4.2.2. Financial Performance
- 9.4.2.3. Product Benchmarking
- 9.4.2.4. Strategic Initiatives
- 9.4.3. Cubic Corporation
- 9.4.3.1. Participant's Overview
- 9.4.3.2. Financial Performance
- 9.4.3.3. Product Benchmarking
- 9.4.3.4. Strategic Initiatives
- 9.4.4. International Business Machines Corporation
- 9.4.4.1. Participant's Overview
- 9.4.4.2. Financial Performance
- 9.4.4.3. Product Benchmarking
- 9.4.4.4. Strategic Initiatives
- 9.4.5. Kapsch TrafficCom
- 9.4.5.1. Participant's Overview
- 9.4.5.2. Financial Performance
- 9.4.5.3. Product Benchmarking
- 9.4.5.4. Strategic Initiatives
- 9.4.6. Siemens AG
- 9.4.6.1. Participant's Overview
- 9.4.6.2. Financial Performance
- 9.4.6.3. Product Benchmarking
- 9.4.6.4. Strategic Initiatives
- 9.4.7. Skidata
- 9.4.7.1. Participant's Overview
- 9.4.7.2. Financial Performance
- 9.4.7.3. Product Benchmarking
- 9.4.7.4. Strategic Initiatives
- 9.4.8. Swarco Corporation
- 9.4.8.1. Participant's Overview
- 9.4.8.2. Financial Performance
- 9.4.8.3. Product Benchmarking
- 9.4.8.4. Strategic Initiatives
- 9.4.9. T2 Systems
- 9.4.9.1. Participant's Overview
- 9.4.9.2. Financial Performance
- 9.4.9.3. Product Benchmarking
- 9.4.9.4. Strategic Initiatives
- 9.4.10. Robert Bosch GmbH
- 9.4.10.1. Participant's Overview
- 9.4.10.2. Financial Performance
- 9.4.10.3. Product Benchmarking
- 9.4.10.4. Strategic Initiatives