Global Parking Management market by Offering (Solutions, Services), by Deployment (Cloud, On-premise), by Parking Site (Off Street, On Street), and Geography - Forecast to 2025

The Parking Management Market was valued at US$ 3538.2 million in 2019 and is projected to reach US$ 5799.56 million by 2025, at a CAGR of 7.4 % during the forecast period. In this study, 2019 has been considered as the base and 2020 to 2025 as the forecast period to estimate the market size for Parking Management Market.
Population growth, inefficient transportation systems, urbanization, and lack of parking spaces are some of the reasons that the cities are difficult to navigate and travel around. Traffic congestion is raising serious concerns, especially in large cities. The increasing need for traffic management and fuel saving during commute are some of the key factors contributing to the growth of the market.
High adoption of cloud computing technologies is driving the market. Smart technology is being used to connect vehicles, infrastructure, public transit, and people to enhance mobility and safety. Streets can be outfitted with sensors to track data both on the roads and through citizens’ cars and smartphones to gain insights on traffic flow patterns, road blockages, roadwork, road conditions, etc. These sensors, devices, and gateways are connected via. Communication networks to cloud services and applications. They are managed centrally in the cloud.
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What this report Offers
This report covers an in-depth analysis of the Global Parking Management market including statistical and qualitative data points with emphasis on the market dynamics including the drivers, opportunities & restraints.
There is a coverage of market dynamics at country level in the respective regional segments. The report comprises competitive analysis with focus on key players and participants of Global Parking Management market covering in-depth data related to competitive landscape, positioning, company profiles, key strategies adopted and product-profiling with focus on market growth and potential.

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Key Segmentations in this report

Global Parking Management Market, by Offering
• Solutions
o Parking Guidance Solution
o Parking Reservation Management
o Parking Permit Management
o Parking Enforcement Management
o Parking Access and Revenue Control (PARC)
o Parking Security & Surveillance
o Parking Analytics
• Services
o Professional Services
o Managed Services
Global Parking Management Market, by Deployment
• Cloud based
• On premise
Global Parking Management Market, by Parking Site
• Off-street
• On-street

For a detailed table of content of the Global Parking Management Market Report:
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