Press release
Parking Management Market is Anticipated to Increase at a Stable CAGR over the Forecast Period (2023 to 2029)
The global parking management market is anticipated to grow at a CAGR of 7.28% during the forecast period (2023-2030). The market growth is attributed to the growing demand for Intelligent parking management system based on an Advanced RISC Machine (ARM) platform with wireless sensor networks. There is a considerable increase in the publication of several studies and projects concerning the development of intelligent parking management systems. For instance, in 2022, Hindawai Mobilt Information Systems published a research report which aims to develop an intelligent parking management system based on ARM and ZigBee wireless sensor networks, lowering the time it takes customers to discover parking places and raising parking space utilisation.This study constructed and transferred the Linux embedded operating system to the ARM host controller. An energy-balancing-based routing enhancement algorithm was developed, and a ZigBee wireless sensor network was built. Parking space detection and licence plate recognition are the two primary functionalities that are implemented by the developed system. Through a ZigBee wireless sensor network, the ARM main controller receives the data gathered by the ultrasonic sensor. Licence plate recognition, using a computing stick and the ARM host controller, the paper processes video from security cameras in a parking lot in real time using deep learning algorithms and then uses OpenCV tools to perform plate recognition to calculate how long each vehicle has been parked. This localised offline computing approach eliminates the need for a host computer or cloud platform. For instance, in February 2020, According to COX Today, iRAM announced its powerful Smart Sensor Wireless Network (SSWN) is generally accessible. Specific sensors, controllers, actuators, gateways, and signal repeaters and boosters are included in this network. The Smart Parking Management System, Streetlight Management Systems, and Environment Monitoring Stations are a few of the Smart City applications now being employed on the network. Other Smart City applications, such as Smart Bins, Vehicle Tracking, Smart Buildings, etc., are currently undergoing interoperability testing.
To Request a Sample of our Report on Parking Management Market: https://www.omrglobal.com/request-sample/parking-management-market
Market Coverage
The market number available for - 2022-2030
Base year- 2022
Forecast period- 2023-2030
Segment Covered-
By Offering
By Parking Site
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- includes 3M Co., Bond Mortgage LLC, Cubic Corp, Flashparking, Inc., Infocomm Group LLC, and others.
A full Report of Parking Management Market is Available @ https://www.omrglobal.com/industry-reports/parking-management-market
Parking Management Market Report Segment
By Technology
Solutions
Parking Guidance Solution
Parking Reservation Management
Parking Permit Management
Parking Enforcement Management
Parking Access and Revenue Control (PARC)
Parking Security and Surveillance
Parking Analytics
Services
Professional Service
Consulting and Training
System Integration and Deployment
Support and Maintenance
Managed Service
By Parking Site
Off-street Parking
On-street Parking
Parking Management Market Report Segment by Region
North America
United States
Canada
Europe
UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of APAC
Rest of the World
Latin America
Middle East and Africa
Company Profiles
3M Co.
Bond Mortgage LLC
Cubic Corp
Flashparking, Inc.
Infocomm Group LLC
International Business Machines Corp
Kapsch Trafficcom AG
Q-Free AsA
Rober Bosch GmbH
SAP SE
Siemens Ltd.
Skidata, Inc.
Swarco AG
Tiba Parking Systems
Undersun Fitness
Reasons to buy from us -
We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/parking-management-market
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Parking Management Market is Anticipated to Increase at a Stable CAGR over the Forecast Period (2023 to 2029) here
News-ID: 3224161 • Views: …
More Releases from Orion Market Research

Hair Accessories Market Poised for Strong Growth Driven by Gen Z Trends and Sust …
Hair accessories market was valued at $23.8 billion in 2024 and is projected to reach $55.2 billion in 2035, growing at a CAGR of 8.2% during the forecast period (2025-2035). Generation Z, with significant disposable income, is transforming the hair accessories category in a major way. Their close connection to trends creates a unique feeling of urgency to self-express through fashion, such as clips, scrunchies, and barrettes. It has become…

Railway Management System Market Size Analysis, Competitive Insights, Leading Pl …
Railway System (or Railway Management System) market was valued at approximately USD 28.28 billion, and it is expected to reach about USD 45.19 billion by 2033, growing at a CAGR of around 4.8% from 2024 to 2033.
Railway Management System Market Overview
The Railway Management System market includes technologies and systems used to plan, monitor, and manage railway operations-everything from traffic and signaling systems to asset and maintenance management, passenger information,…

Monocalcium Phosphate Market Size Analysis, Competitive Insights, Leading Player …
Monocalcium Phosphate market was valued at about USD 4.2 billion, and it is anticipated to reach around USD 6.9 billion by 2033, growing at a CAGR of approximately 5% from 2023 to 2033.
Monocalcium Phosphate Market Overview
Monocalcium phosphate (MCP) is a calcium-phosphorus compound widely used in animal feed, fertilizers, and also in food and beverage applications (for example as leavening agent or acidity regulator), due to its solubility and bioavailability. The…

Automotive Lubricants Market Size Analysis, Competitive Insights, Leading Player …
Automotive Lubricants Market was valued at approximately USD 70.44 billion. By 2033, it is expected to reach around USD 107.09 billion, growing at a CAGR of about 3.3% from 2025 to 2033.
Automotive Lubricants Market Overview
The automotive lubricants market consists of products like engine oils, gear oils, greases, hydraulic fluids, and transmission fluids that reduce friction, wear and tear, and improve efficiency and lifespan of vehicle components. Demand is driven by…
More Releases for Parking
Connected Parking Solutions Market Forecast 2023-2030 | ShinMaywa, IHI Parking S …
The Connected Parking Solutions market is expected to grow at a CAGR of 15.6% from 2023 to 2030.
The Connected Parking Solutions market is experiencing rapid growth, driven by the need for efficient and intelligent parking management in urban areas. This market encompasses a variety of technologies and services that aim to improve parking accessibility, reduce congestion, and enhance the overall parking experience for both consumers and operators. Connected parking solutions…
Automated Parking Systems Market Is Booming Worldwide: Key Players ShinMaywa, IH …
Market Study Report presents latest report on global Automated Parking Systems Market, which evaluates the growth trends of the industry through historical study and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2022-2028.
Global Automated Parking Systems Market Size was estimated at USD 2415 million in 2021 and is projected to reach USD 3221 million by 2028, exhibiting…
Automated Parking Systems Market Statistics and Comprehensive Insights Outlook 2 …
Latest Study on Industrial Growth of Automated Parking Systems Market 2022-2028. A detailed study accumulated to offer Latest insights about acute structures of the Automated Parking Systems market. The report contains different market predictions related to revenue size, production, CAGR, gross margin, price, and other important factors. While highlighting the key driving and restraining forces for this market, the report also offers a broad study of the future trends and…
Automated Parking Systems Market 2022 Insights with Statistics and Growth Predic …
The Automated Parking Systems market outlook looks extremely promising is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain, future roadmaps and its distributor analysis. The report provides pre COVID-19 historic data, the impact of the COVID-19, and also forecasts its recovery…
Automated Parking Systems Market (2021): Huge Study, SWOT Analysis, Forecast to …
The report titled “Global Automated Parking Systems MARKET “is one of the most comprehensive and important additions to market research studies. It offers detailed research and analysis of key aspects of the Automated Parking Systems market. The market analysts authoring this report have provided in-depth information on leading growth drivers, restraints, challenges, trends, and opportunities to offer a complete analysis of the Automated Parking Systems market. Market Participants can use…
What are the Growth Drivers of Automated Parking System Market? Kyline Parking A …
Market Study Report LLC recently added a new title on 2020-2026 Global Automated Parking System Market Report from its database. The report provides study with in-depth overview, describing about the Product, market size, share, Industry Scope and elaborates market outlook and status to 2026.
The Automated Parking system market is on the surging trend considering the global scenario. The Automated Parking system market is primarily driven owing to surging number of…