Global Parking Management Market Size & Outlook, 2024-2030
Global parking management market, 2018-2030 (US$M)
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Global parking management market highlights
- The global parking management market generated a revenue of USD 4,564.0 million in 2023 and is expected to reach USD 9,261.1 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 10.6% by 2030.
- In terms of segment, solution accounted for a revenue of USD 3,064.5 million in 2023.
- Service is the most lucrative component segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 4,564.0 million |
| Market revenue in 2030 | USD 9,261.1 million |
| Growth rate | 10.6% (CAGR from 2023 to 2030) |
| Largest segment | Solution |
| Fastest growing segment | Service |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solution, Service |
Other key industry trends
- In terms of revenue, the North America accounted for 37.4% of the global parking management market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 2,680.2 million by 2030.
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Parking Management Market Scope
Parking Management Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global parking management market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to parking management market will help companies and investors design strategic landscapes.
Solution was the largest segment with a revenue share of 67.15% in 2024. Horizon Databook has segmented the Global parking management market based on solution, service covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Parking Management Component Outlook (Revenue, USD Million, 2018-2030)
- Solution
- Access Control
- Security & Surveillance
- Revenue Management
- Parking Reservation Management
- Valet Parking Management
- Others
- Service
- Consulting Services
- System Integration and Deployment
- Support and Maintenance
- Solution
- Global Parking Management Deployment Type Outlook (Revenue, USD Million, 2018-2030)
- Cloud
- On-premise
- Global Parking Management Parking Site Outlook (Revenue, USD Million, 2018-2030)
- On-street
- Off-street
- Garage Parking
- Lot Parking
- Global Parking Management Application Outlook (Revenue, USD Million, 2018-2030)
- Transport Transit
- Commercial
- Government
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Horizon Databook provides a detailed overview of global-level data and insights on the Global parking management market , including forecasts for subscribers. This global databook contains high-level insights into Global parking management market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global parking management market size, by regions, 2018-2030 (US$M)
Top 10 countries: Parking management market size, 2024 (US$M)
Global parking management market share, by component, 2024 & 2030 (%, US$M)
Parking management market: Opportunity assessment by country
Global parking management market, by region, 2024 (US$M)
| Component | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 1,419.5 | 1,541.6 | 1,566.5 | 1,604.2 | 1,649.1 | 1,708.3 | 1,784.9 | 1,890.4 | 2,033.2 | 2,229.5 | 2,496.8 | 2,853.6 | 3,323.8 | 10.9% |
| Europe | 1,106.3 | 1,205.2 | 1,228.5 | 1,261.9 | 1,301.3 | 1,352.3 | 1,417.5 | 1,506.1 | 1,625.1 | 1,787.8 | 2,008.9 | 2,303.6 | 2,692.2 | 11.3% |
| Asia Pacific | 697.0 | 770.2 | 796.2 | 829.4 | 867.3 | 913.7 | 970.9 | 1,045.6 | 1,143.5 | 1,274.9 | 1,451.5 | 1,686.4 | 1,996.7 | 12.8% |
| Latin America | 167.6 | 183.9 | 188.8 | 195.3 | 202.8 | 212.2 | 224.0 | 239.7 | 260.4 | 288.5 | 326.5 | 376.9 | 443.6 | 12.1% |
| MEA | 293.6 | 323.1 | 332.7 | 345.2 | 359.6 | 377.5 | 399.6 | 428.8 | 467.3 | 519.1 | 589.0 | 682.0 | 804.8 | 12.4% |
| Overall | 3,684.1 | 4,024.1 | 4,112.7 | 4,236.0 | 4,380.1 | 4,564.0 | 4,796.8 | 5,110.5 | 5,529.6 | 6,099.8 | 6,872.6 | 7,902.5 | 9,261.1 | 11.6% |
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