Parking Management Systems Market to Surge with 7.3% CAGR, Global Revenue to Exceed USD 11.29 Billion by 2034

𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐮𝐭𝐥𝐨𝐨𝐤:

● The parking management systems market size was valued at USD 5.59 billion in 2024.
● The market is expected to expand at a CAGR of 7.3% from 2025 to 2034.
● The industry is expected to grow to USD 11.29 billion by 2034.

𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:

A parking management system is a technology-based tool created to improve the utilization of parking spots in public and private locations. It includes real-time monitoring of parking space availability, user bookings, and automatic payment processes. Sensors, cameras, or mobile apps are commonly used in the system to monitor and control parking effectively. The system aims to decrease traffic jams, enhance parking availability, and improve user satisfaction while keeping operational expenses low.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐚𝐧𝐝 𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐭𝐡𝐞 𝐕𝐚𝐥𝐮𝐚𝐛𝐥𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:
https://www.polarismarketresearch.com/industry-analysis/parking-management-systems-market/request-for-sample

𝐆𝐫𝐨𝐰𝐭𝐡 𝐅𝐚𝐜𝐭𝐨𝐫𝐬 𝐚𝐧𝐝 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬:

The merging of IoT devices and AI is propelling the market for parking management systems. Moreover, the market is being propelled by the growing number of people owning vehicles. Owning a vehicle requires using advanced parking management systems to utilize limited space and enhance user experience efficiently.

𝐊𝐞𝐲 𝐏𝐚𝐫𝐭𝐢𝐜𝐢𝐩𝐚𝐧𝐭𝐬:

Intense competition in the market requires top companies to rely on advanced technology, high-quality products, and a strong brand image to boost sales. Some of the major players participating in the parking management systems market:

• Amano
• SWARCO
• SKIDATA
• Chetu
• INRIX
• FAAC Technologies
• TIBA Parking Systems
• FlashParking
• Passport Labs
• Get My Parking
• DESIGNA

𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 𝐩𝐞𝐫𝐬𝐨𝐧𝐚𝐥𝐢𝐳𝐞𝐝 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬? 𝐀𝐬𝐤 𝐔𝐬 𝐅𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧:
https://www.polarismarketresearch.com/industry-analysis/parking-management-systems-market/request-for-customization

𝐏𝐚𝐫𝐤𝐢𝐧𝐠 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐒𝐲𝐬𝐭𝐞𝐦𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬

• By end users outlook, the commercial segment is anticipated to experience substantial growth with a significant CAGR in the market due to the rising demand for efficient parking solutions in urban areas, driven by increased vehicle ownership and the need for improved customer experiences.

• By offerings outlook, the solution segment accounted for the largest revenue share of the market in 2024 due to the growing need for efficient space utilization and the increasing adoption of smart technologies that provide real-time information on parking availability, reducing search times and enhancing user experience.

• North America dominated the parking management systems market due to the increasing adoption of the Internet of Things (IoT) and advanced technologies in commercial buildings and the industrial sectors.

• The parking management systems market in India is projected for substantial growth because of the surge the surge in urbanization and escalating traffic congestion.

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐭𝐡𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐞𝐫𝐞:
https://www.polarismarketresearch.com/industry-analysis/parking-management-systems-market

𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

The parking management systems market is mainly segmented based on the offering, parking site, end users, and region. Based on the offering analysis, the solution segment accounted for the largest revenue share of the market because of fast urbanization and the increasing demand for efficient parking space use.

Moreover, according to the end users analysis, the commercial segment is anticipated to register a substantial CAGR in the market owing to the growing need for efficient and successful parking options in city settings. With cities experiencing increased congestion and limited parking spaces, companies are now putting resources into advanced parking systems to improve customer satisfaction and make operations more efficient.

𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐏𝐨𝐥𝐚𝐫𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

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