Global Parking Management Market Size & Outlook, 2023-2030

The parking management industry worldwide is expected to reach a projected revenue of US$ 9,261.1 million by 2030. A compound annual growth rate of 10.6% is expected of the worldwide parking management industry from 2024 to 2030.

Revenue, 2023 (US$M)
$4,564.0
Forecast, 2030 (US$M)
$9,261.1
CAGR, 2024 - 2030
10.6%
Report Coverage
Worldwide

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 2023USD 4,564.0 million
Market revenue in 2030USD 9,261.1 million
Growth rate10.6% (CAGR from 2023 to 2030)
Largest segmentSolution
Fastest growing segmentService
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationSolution, 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 segmentation & scope
Access Control
Security & Surveillance
Revenue Management
Parking Reservation Management
Valet Parking Management
Others
Consulting Services
System Integration and Deployment
Support and Maintenance
Cloud
On-premise
On-street
Garage Parking
Lot Parking
Transport Transit
Commercial
Government

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 2023. 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
  • 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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Target buyers of Global parking management market databook

  • Our clientele includes a mix of parking management market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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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, 2023 (US$M)

Global parking management market share, by component, 2023 & 2030 (%, US$M)

Parking Management Market: Opportunity Assessment By Country

Global parking management market, by region, 2023 (US$M)

Global parking management market size, by regions, 2018-2030 (US$M)

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