Parking Management Market is projected to grow up to USD 7.1 billion by 2027 growing at a CAGR of 8.5 % during the forecasting period 2021-2027.

The transportation system relies heavily on parking. The ease with which one may approach a destination is influenced by the availability of parking, which impacts the total accessibility. Parking Management is concerned with the management and utilisation of the resources available for parking automobiles in an effective and comprehensive manner. Parking of automobiles has become more difficult as a result of urbanisation and the creation of infrastructure in metro areas, tier 2 and tier 3 cities, and small towns. Additionally, because of an increase in the number of car users, the available parking space does not accommodate a huge number of automobiles. Parking management also aids in the development of more convenient and efficient land use patterns, as well as the accomplishment of other land use planning objectives.

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The Parking Management Market report has been categorized as below
By offering
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
By deployment type
Cloud
On-premises
By Region
North America
Europe
Asia Pacific
Rest of World
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