Parking Management Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The global parking management market size was valued at USD 3,684.1 million in 2018 and is expected to register a CAGR of 9% from 2022 to 2028.The parking management market will thrive over the next few years as governments from several developing countries are attracting foreign direct investment (FDI) to optimize traffic congestion and improve parking operations. In addition, smart city initiatives in developing countries are also accelerating, which is expected to fuel the demand for intelligent parking management solutions that are technologically advanced.

Company Profile

• Robotic Parking Systems, Inc. (U.S.)
• SWARCO AG (Austria)
• SKIDATA AG (Austria)
• SEIMENS AG (Germany)
• Skyline Parking AG (Switzerland)
• UNITRONICS (Israel)
• Flowbird Group (France)
• T2 Systems Inc. (U.S.)
• Cleverciti Systems GmbH (Germany)

Market Segmentation

Based on the parking site:

• Off-street Parking
• On-street Parking

Based on the deployment type

• Cloud
• On-premises

Scope of the Report

The research study analyzes the global Parking Management industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Parking Management Market Report

1. What was the Parking Management Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2022-2028).

2. What will be the CAGR of Parking Management Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Parking Management Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.