The Parking Management Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Parking Management Market?
The Parking Management Global Market Report 2025 has shown significant growth in recent years. The market size, which was at $3.78 billion in 2024, is projected to increase to $4.09 billion in 2025, with a compound annual growth rate (CAGR) of 8.1%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Parking Management Industry?
The global market for Parking Management is anticipated to reach $5.96 billion in 2029, growing at a compound annual growth rate (CAGR) of 9.9%.
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What are the Key Growth Drivers Fueling the Parking Management Market?
The key drivers in the parking management market are:
• Emergence of autonomous vehicles
• Development of data analytics and predictive parking solutions
• Regulatory compliance and parking policies
• Integration of smart technologies and advanced payment systems
Global Market Segmentation: Identifying Major Parking Management Industry Segments
The parking management market covered in this report is segmented –
1) By Solution: Access Control, Security & Surveillance, Revenue Management, Parking Reservation Management, Valet Parking Management, Other Solutions
2) By Parking Site: On Street, Off Street
3) By Application: Transport Transit, Commercial, Government
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What are the Emerging Trends Shaping the Future of the Parking Management Market?
The key trends in the parking management market are:
• The emergence of autonomous vehicles is shaping the future of the parking management market.
• The use of data analytics and predictive parking solutions is a key emerging trend.
• Regulatory compliance and parking policies are significantly influencing the market.
• Major trends include the integration of smart technologies, advancements in payment technologies, and environmentally sustainable solutions.
Who Are the Top Competitors & Leading Players in the Parking Management Market?
Major companies in the parking management market are:
• Bosch Group
• Siemens AG
• IBM Corporation
• SAP SE
• Atos SE
• DEPLOT
• Xerox Corporation
• Globe Group Indigo
• Flowbird Group
• SWARCO
• Amano Corporation
• SKIDATA
• Precise Parklink
• IPS Group
• Inrix Inc.
• Q-Free ASA
• Chetu
• Passport Labs Inc.
• SpotHero
• Nex Valet LLC
• FlashParking Inc.
• Streetline
• TIBA Parking
• ParkMobile LLC
• T2 Systems
• Get My Parking
• Bond Traffic Solutions
• Cleverciti Systems
• Robotic Parking Systems Inc.
• Infocomm Group LLC
Regional Dominance: Which Area Leads the Global Template Market?
North America was the largest region in the parking management market in 2024
