Rising number of cars on the road worldwide is driving demand for a better parking management system. Traffic congestion, accidents, and environmental hazards are all on the rise globally, necessitating the development of effective and versatile parking management solutions.

Cloud-native parking management systems are predicted to be in high demand as a result of the COVID-19 pandemic. Parking companies that operate their entire infrastructure on a public hyper-scale cloud gain the ability to scale up as required and access new technology with improved agility in a complete pay-as-you-go mode. The Parking Management Market is assumed to grow at the rate of 9.96% CAGR by 2026.

Research Methodology:

The Parking Management market has been analyzed by utilizing the optimum combination of secondary sources and in-house methodology and a unique balance of primary insights. The real-time valuation of the market is an integral part of our forecasting and market sizing methodology. Industry experts and our primary participants have helped to compile related aspects with accurate parametric estimations for a complete study. The primary participants share is given below:

Parking Management Market, By Parking Site

• Off-street
• On-street
  • Garage
  • Lot

Parking Management Market, By Application

• Commercial
• Government
• Transport Transit

Parking Management Market, By Service

• System Integration & Deployment
• Support & Maintenance
• Consulting Services

Parking Management Market, By Solution

• Revenue Management
• Parking Reservation Management
• Valet Parking Management
• Access Control
• Security & Surveillance
• Others

Parking Management Market, By Geography

• North America
• Europe
• Asia-Pacific
• Rest of the World

As per the service segment, the market is segmented into consulting, system integration & deployment, and support & maintenance. In the competitive market, unanticipated downtime and failure in executing an application may result in the loss of a customer’s trust. Carpark facilities providers partner with support & maintenance service providers to raise the compatibility, agility, and availability of parking management solutions.

Based on Parking Site market is segmented into on-street and off-street. The off-street segment is further considered into garage and lot parking. Factors like improved penetration of mobile applications, enhanced ticketing and payment solutions for parking guidance, and the introduction of assistive systems are strengthening the off-street segment's development. Both short- and long-term users use off-street parking systems.

In the regional market, the rise in the number of automobiles in countries like Canada and the U.S. is creating the need for reducing issues like traffic congestion and is instrumental in driving the development of the regional market. The growing adoption of mobile devices and the introduction of mobile apps for finding car park spaces in the U.S. are anticipated to drive the market's development in the North American region. Moreover, the use of cloud-based car park management solutions is growing as they aid the management of car park facilities cost-effectively.

3M, Amano Corporation, Cubic Corporation, IBM Corporation, Kapsch TrafficCom, Siemens, SKIDATA AG, Swarco, T2 Systems, and Xerox Corporation are prominent companies covered in the report.

• This Parking Management market report presents the geographical region and sub-segments expected to have the fastest growth and largest share.
• This report describes the factors driving and restricting the market growth and the challenges and opportunities of the market.
• This report gives information on the market-leading players and their position in the market.
• This report also provides continuous market developments and innovations taking place in the Parking Management market.

1. Executive Summary
2. Industry Outlook
   1. Industry Overview
   2. Industry Trends
3. Market Snapshot
   1. Market Definition
   2. Market Outlook
      1. Porter Five Forces
   3. Related Markets
4. Market characteristics
   1. Market Overview
   2. Market Segmentation
   3. Market Dynamics
      1. Drivers
      2. Restraints
      3. Opportunities
   4. DRO - Impact Analysis
5. Parking Site: Market Size & Analysis
   1. Overview
   2. Off-street
   3. On-street
6. Application: Market Size & Analysis
   1. Overview
   2. Commercial
   3. Government
   4. Transport Transit
7. Service: Market Size & Analysis
   1. Overview
   2. System Integration & Deployment
   3. Support & Maintenance
   4. Consulting Services
8. Solution: Market Size & Analysis
   1. Overview
   2. Revenue Management
   3. Parking Reservation Management
   4. Valet Parking Management
   5. Access Control
   6. Security & Surveillance
   7. Others
9. Geography: Market Size & Analysis
   1. Overview
   2. North America
   3. Europe
   4. Asia Pacific
   5. Rest of the World
10. Competitive Landscape
    1. Competitor Comparison Analysis
    2. Market Developments
       1. Mergers and Acquisitions, Legal, Awards, Partnerships
       2. Product Launches and execution
11. Vendor Profiles
    1. GROUP Indigo
       1. Overview
       2. Financial Overview
       3. Product Offerings
       4. Developments
       5. Business Strategy
    2. Amano
       1. Overview
       2. Financial Overview
       3. Product Offerings
       4. Developments
       5. Business Strategy
    3. Siemens
       1. Overview
       2. Financial Overview
       3. Product Offerings
       4. Developments
       5. Business Strategy
    4. Bosch Group
       1. Overview
       2. Financial Overview
       3. Product Offerings
       4. Developments
       5. Business Strategy
    5. Conduent
       1. Overview
       2. Financial Overview
       3. Product Offerings
       4. Developments
       5. Business Strategy
    6. APCOA PARKING
       1. Overview
       2. Financial Overview
       3. Product Offerings
       4. Developments
       5. Business Strategy
    7. Precise ParkLink
       1. Overview
       2. Financial Overview
       3. Product Offerings
       4. Developments
       5. Business Strategy
    8. SWARCO
       1. Overview
       2. Financial Overview
       3. Product Offerings
       4. Developments
       5. Business Strategy
    9. SKIDATA
       1. Overview
       2. Financial Overview
       3. Product Offerings
       4. Developments
       5. Business Strategy
    10. T2 Systems
        1. Overview
        2. Financial Overview
        3. Product Offerings
        4. Developments
        5. Business Strategy
12. Companies to Watch
    1. FlashParking
       1. Overview
       2. Products & Services
       3. Business Strategy
    2. Passport Labs
       1. Overview
       2. Products & Services
       3. Business Strategy
    3. Flowbird Group        
       1. Overview
       2. Products & Services
       3. Business Strategy
    4. ParkMobile
       1. Overview
       2. Products & Services
       3. Business Strategy
    5. SpotHero
       1. Overview
       2. Products & Services
       3. Business Strategy
    6. Get My Parking
       1. Overview
       2. Products & Services
       3. Business Strategy
    7. INRIX
       1. Overview
       2. Products & Services
       3. Business Strategy
    8. IPS Group
       1. Overview
       2. Products & Services
       3. Business Strategy
    9. Smart Parking
       1. Overview
       2. Products & Services
       3. Business Strategy
    10. Chetu
        1. Overview
        2. Products & Services
        3. Business Strategy
13. Analyst Opinion
14. Annexure
    1. Report Scope
    2. Market Definitions
    3. Research Methodology
       1. Data Collation and In-house Estimation
       2. Market Triangulation
       3. Forecasting
    4. Report Assumptions
    5. Declarations
    6. Stakeholders
    7. Abbreviations