Parking Management System Market was valued at USD 4.5 Billion in 2022 and is projected to reach USD 12 Billion by 2030, growing at a CAGR of 14% from 2024 to 2030.
The Parking Management System (PMS) market has experienced significant growth from 2018 to 2022. With increasing urbanization, limited parking spaces, and the rising demand for convenience, smart parking solutions have become essential in managing urban mobility. The period between 2018 to 2022 saw technological advancements such as the integration of IoT, AI, and cloud computing, which have transformed the way cities manage parking spaces. Parking management solutions have become more efficient, with automated systems offering real-time data to optimize parking spot utilization. Additionally, the growing number of electric vehicles and the need for EV charging stations have also contributed to the increase in demand for advanced parking systems that cater to these needs. As we look forward to the years 2023 to 2033, the demand for parking management systems is expected to escalate even further. Urban congestion continues to rise, along with the number of vehicles in metropolitan areas, making it increasingly difficult to manage parking effectively. The adoption of smart cities is projected to boost this growth, with governments and private companies investing in technology to streamline parking services. Moreover, the integration of artificial intelligence, machine learning, and autonomous vehicles will offer new opportunities for innovative parking solutions, such as self-parking systems and predictive parking models. The global push for sustainability and green technologies is expected to drive demand for systems that can manage electric vehicle charging and reduce carbon footprints in urban centers.
With advancements in technology, automation, and the growing emphasis on reducing traffic congestion, the market will continue to evolve. By 2033, the parking management system market is forecasted to reach new heights, with key players increasingly focusing on enhancing user experience through mobile apps, cashless payment systems, and seamless integration with other smart city infrastructure. As cities move towards becoming more interconnected and data-driven, the demand for automated and intelligent parking management solutions will rise, ultimately shaping the future of urban mobility.
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3M
Kapsch
Swarco
Siemens
Amano
Q-Free
Thales
Tyco
Xerox
Cubic
Integrapark
Imtech
EDC
Jieshun
Fujica
Dashou
KEYTOP
Shenchuang
Carsafe
OPEN
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Parking Management System Market
Parking Guidence
Tolling System
Based on Types the Market is categorized into Below types that held the largest Parking Management System market share In 2023.
On-road
Off-road
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Parking Management System Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Parking Management System Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Parking Management System Market, By Type
6. Global Parking Management System Market, By Application
7. Global Parking Management System Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Parking Management System Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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