Jan 12, 2023

News provided by Share this article Share this article DUBLIN, Jan. 12, 2023 /PRNewswire/ -- The "Parking Management Global Market Report 2022" report has been added to  ResearchAndMarkets.com's offering. This report provides strategists, marketers and senior management with the critical information they need to assess the global parking management market. The global parking management market is expected to grow from $3.12 billion in 2021 to $3.34 billion in 2022 at a compound annual growth rate (CAGR) of 7.34%. The parking management market is expected to grow to $5.10 billion in 2026 at a compound annual growth rate (CAGR) of 11.12%. Reasons to Purchase Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies. Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates. Create regional and country strategies on the basis of local data and analysis. Identify growth segments for investment. Outperform competitors using forecast data and the drivers and trends shaping the market. Understand customers based on the latest market research findings. Benchmark performance against key competitors. Utilize the relationships between key data sets for superior strategizing. Suitable for supporting your internal and external presentations with reliable high quality data and analysis Major players in the parking management market are Amano corporation, FlashParking, Inrix Inc, ParkMobile LLC, Passport Labs Inc, Q-Free ASA, Siemens AG, Streetline Inc, T2 Systems Inc, Tiba Parking LLC, IBM Corporation, APCOA Parking Ltd, Robert Bosch GmbH, IPS Group Inc, Smart Parking Ltd, SKIDATA AG, and Cleverciti Systems GmbH. The parking management market consists of sales of parking management by entities (organizations, sole traders, partnerships) that refer to solution and service systems focused on managing and usage parking sources effectively and efficiently. The system provides information about vacant parking spaces in the area and helps reduce traffic congestion caused by illegal parking. A parking management system provides simple parking tactics to the authorities to meet the requirements of controlled parking and aids in the reduction of long-waiting time and costs by advanced technologies. The main type of parking sites in parking management is on-street and off-street. On-street parking management refers to a parking management solution for an on-street parking site focused on the parking spaces within a designated area on the street. The main parking management solutions include access control, security management, revenue management, parking reservation management, valet parking management, and others. These parking management solutions are widely used by transport transit, commercial, and government entities. North America was the largest region in the parking management market in 2021. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the parking management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The increasing demand for optimal parking space utilization across the globe is driving the growth of the parking management market. In the current era, an increase in vehicles results in the mismanagement of parking spaces across the globe. The authorities operating parking spaces are increasingly investing in advanced parking management solutions for optimal business performance and error-free operations. The growing automation of services is a key trend that is gaining popularity in the parking management market. Automated services help to solve parking-space conundrums while reducing the land use for parking and maximizing space usage efficiency without a human intervention system navigating the parking space and parking the vehicle. The countries covered in the parking management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. Key Topics Covered: