1 / 8

Transforming Urban Mobility: The Parking Management Market

The Parking Management Market is revolutionizing how cities handle vehicle storage and traffic flow challenges. This rapidly growing sector delivers comprehensive solutions that optimize parking resource utilization through integrated technologies and services. Modern systems employ sensors, cameras, and mobile applications to provide real-time occupancy data, streamline payment processes, and reduce search time for drivers.

PramodKmr
Download Presentation

Transforming Urban Mobility: The Parking Management Market

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. PARKING MANAGEMENT MARKET An Analysis of Smart & Efficient Parking Solutions

  2. INTRODUCTION TO PARKING MANAGEMENT MARKET Parking management refers to the strategies, technologies, and systems used to regulate and optimize parking spaces, ensuring efficiency and convenience. • Importance: • Reduces traffic congestion and emissions • Enhances user experience with seamless parking solutions • Improves revenue generation for cities & private operators

  3. PARKING MANAGEMENT MARKET OVERVIEW The global parking management market was valued at USD 5.21 billion in 2024 and is expected to witness a CAGR of 10.34% during 2025–2032, reaching USD 11.34 billion by 2032.

  4. KEY MARKET DRIVERS AND OPPORTUNITIES • Advancements in automatic car technology are creating new expansion opportunities. • Smart infrastructure adoption by governments worldwide is improving urban planning. • Smart city initiatives are driving the implementation of sustainable parking solutions.

  5. MARKET SEGMENTATION ANALYSIS Solution Insights Deployment Type Insights Largest and Fastest-Growing Category: Parking Reservation Management (25% market share in 2024, CAGR 10.52%) Faster-Growing Category: Cloud Deployment (CAGR 11.9%).Easy installation without onsite hardware. Pay-as-you-use pricing model reduces costs. Service Insights Parking Site Insights Largest and Fastest-Growing Category: Parking Reservation Management (25% market share in 2024, CAGR 10.52%) Larger Category: Off-Street Parking (65% market share in 2024).Preferred due to infrastructure challenges and smart city initiatives.Includes garages and multistory lots.

  6. GEOGRAPHICAL OUTLOOK Largest Market: North America (40% Share in 2024) High vehicle density in the U.S. and Canada drives smart parking adoption. Mobile payment apps, license plate recognition, and parking guidance systems are widely implemented. Fastest-Growing Region: APAC (CAGR 10.42%) Increased demand for structured traffic flow and smart city development in India and China. Municipalities are leveraging smart parking solutions to enhance urban infrastructure.

  7. MAJOR COMPANIES IN PARKING MANAGEMENT MARKET: Siemens AG Amano Corporation SWARCO AG Chetu Inc.

  8. THANKYOU Contact Phone: +1-347-960-6455 Email: enquiry@psmarketresearch.com Web: https://www.psmarketresearch.com

More Related