Parking Management Market Size Analysis and Top Companies
The global parking management market size is estimated at to hit around USD 14.09 billion by 2033 from USD 6.41 billion in 2024 with a CAGR of 9.15% from 2024 tpo 2033. the top companies operating in the parking management market are 3M Company, Amano Corporation, Cubic Corporation, FlashParking Inc. (Arrive Mobility Inc.), Infocomm Group LLC, International Business Machines Corporation, Passport Labs Inc., Q-Free ASA, Robert Bosch GmbH, SAP SE, Siemens AG, Ta2 Systems Inc. (Verra Mobility) and Others.
Market Growth
| Report Coverage |
Details |
| Market Size in 2024 |
USD 6.41Billion |
| Market Size by 2034 |
USD 15.38 Billion |
| Growth Rate from 2024 to 2034 |
CAGR of 9.15% |
| Largest Market |
North America |
| Base Year |
2023 |
| Forecast Period |
2024 to 2034 |
| Segments Covered |
By Solution, By Service, By Deployment Type, By Parking Site, By Off-Street Parking and By Application |
| Regions Covered |
North America, Europe, Asia-Pacific, Latin America and Middle East & Africa |
Parking Management Market Companies
Additionally, the industry's competitive environment has been examined, along with the company profiles of the major players, including:
- 3M Company
- Amano Corporation
- Cubic Corporation
- FlashParking Inc. (Arrive Mobility Inc.)
- Infocomm Group LLC
- International Business Machines Corporation
- Passport Labs Inc.
- Q-Free ASA
- Robert Bosch GmbH
- SAP SE
- Siemens AG
- Ta2 Systems Inc. (Verra Mobility)
Recent Development
- July 2020 – To help safeguard possibly millions of drivers and passengers from the risks connected with the spread of COVID-19, Flowbird Group launched Park and Sanitize, a contactless hydro-alcoholic gel dispenser attached to Flowbird parking and transportation ticketing terminals.
- June 2020 – The Panama City Beach neighborhood and Passport Inc. worked together to give the city the necessary technology to improve parking.
- May 2020 – APCOA PARKING and HERE Technologies have joined forces to create and market digital parking services and H.D. indoor maps of parking facilities in Europe. HERE Technologies is a prominent provider of location data and technology platforms.
- March 2020 – A comprehensive parking guidance system was implemented by Q-Free in the Victorian Square parking garage in Sparks, Nevada. Vehicles will find parking spots more easily thanks to this technology, providing real-time information on available places. With the help of this arrangement, Q-Free will be better able to compete in the U.S. market.
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