Parking Management Software Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024

Description

Persistence Market Research has recently released a comprehensive report on the global market for parking management software. The report offers a thorough assessment of crucial market dynamics, including drivers, trends, opportunities, and challenges, providing detailed insights into the market structure. This research publication presents exclusive data and statistics outlining the anticipated growth trajectory of the global parking management software market from 2024 to 2031.

Key Insights:

Parking Management Software Market Size (2024E): US$ 1.6 Bn
Projected Market Value (2031F): US$ 3.9 Bn
Global Market Growth Rate (CAGR 2024 to 2031): 13.7%

Parking Management Software Market - Report Scope:

Parking management software, designed to streamline parking operations and enhance user experience, is gaining traction worldwide. The market is driven by the growing need for efficient urban planning and the increase in the number of vehicles on the road. This software aids in optimizing parking space usage, offering features such as real-time parking availability, payment systems, license plate recognition, and mobile app integration. The market caters to a range of segments, including residential, commercial, and mixed-use developments, and serves both public and private parking facilities.

Market Growth Drivers:

The global parking management software market is propelled by several key factors, including urbanization, the increasing adoption of smart cities initiatives, and the growing demand for seamless, tech-driven parking solutions. The rise in vehicle ownership, particularly in densely populated urban areas, is intensifying the need for more efficient parking systems. The growing shift toward electric vehicles (EVs) is also creating a demand for smart parking solutions that offer charging stations and integrate EV-specific features. Additionally, the increasing adoption of mobile apps for parking reservations, payments, and space tracking further drives market growth. Government policies aimed at reducing traffic congestion and promoting smart infrastructure are also playing a pivotal role in the market's expansion.

Market Restraints:

Despite strong growth prospects, the parking management software market faces challenges, including high initial investment costs associated with the deployment of smart parking solutions. Additionally, the integration of new technologies with existing infrastructure can be complex and costly. Privacy and security concerns related to data collection and management of user information, such as location tracking and payment details, could also pose a challenge. Furthermore, limited awareness in emerging markets and lack of standardized technologies may hinder widespread adoption in certain regions.

Market Opportunities:

The parking management software market presents significant growth opportunities driven by emerging trends, such as the rise of autonomous vehicles (AVs), which are expected to change the way parking systems function. AVs will require more sophisticated parking solutions that are integrated with the vehicle's navigation and control systems. Moreover, the increasing popularity of shared mobility services such as ride-sharing and car-sharing platforms presents an opportunity for parking management software to adapt to these new transportation models. The integration of artificial intelligence (AI) and machine learning (ML) for predictive analytics and real-time data management is another promising avenue for innovation. Companies also have opportunities to expand into emerging markets, where urbanization and infrastructure development are accelerating.

Key Questions Answered in the Report:

What are the primary factors driving the growth of the parking management software market globally?
How is the rise in urbanization and vehicle ownership impacting the parking management software market?
What role do emerging technologies like AI, machine learning, and IoT play in the development of parking management systems?
Who are the key players in the parking management software market, and what strategies are they employing to maintain market relevance?
What are the future opportunities and growth prospects in the global parking management software market?

Competitive Intelligence and Business Strategy:

Leading players in the global parking management software market, including companies like APCOA Parking, ParkMobile, and Flowbird, focus on strategic partnerships, product innovation, and enhancing customer experience. These companies are increasingly investing in R&D to develop integrated solutions that combine parking management with electric vehicle charging, mobile payments, and real-time data analytics. They are also expanding their geographic reach, particularly in emerging markets where demand for smart city infrastructure is growing. The emphasis on user-friendly interfaces, robust security protocols, and flexible deployment models (cloud-based and on-premise) is expected to further strengthen the market position of these companies. Additionally, collaborations with municipal governments and transportation authorities are expected to play a crucial role in market growth, as cities aim to improve parking efficiency and reduce congestion.

Key Companies Profiled:

SKIDATA (Kudelski Group)
Amano McGann
Scheidt and Bachmann
Passport Labs, Inc
ParkMobile (easyparkgroup)
SWARCO AG
Bosch Group
Flowbird Group
APCOA PARKING
FlashParking
T2 Systems

Parking Management Software Market Segmentation

By Solution

Software
Services

By End User

Commercial
Government
Transportation
Residential

By Region

North America
Latin America
Europe
East Asia
South Asia and Oceania
Middle East and Africa

Product Code: PMRREP35014

1. Executive Summary

1.1. Global Parking Management Software Market Snapshot, 2024 and 2031
1.2. Market Opportunity Assessment, 2024 - 2031, US$ Bn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Premium Market Insights
1.6. Key Developments and Key Market Events
1.7. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Scope and Definition
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
2.3. Macro-Economic Factors
- 2.3.1. Global GDP Growth Outlook
- 2.3.2. Global Urbanization Outlook
- 2.3.3. Global Automotive Production by Region
- 2.3.4. Global Automotive Sales by Region
2.4. COVID-19 Impact Analysis
2.5. Forecast Factors - Relevance and Impact

3. Value Added Insights

3.1. Regulatory Landscape
3.2. Value Chain Analysis
3.3. PESTLE Analysis
3.4. Porter's Five Force Analysis

4. Price Trend Analysis

4.1. Key Highlights
4.2. Key Factors Impacting Parking Management Software Prices
4.3. Pricing Analysis
- 4.3.1. Pricing Analysis for Key Vendors

5. Global Parking Management Software Market Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)

5.1. Global Parking Management Software Market Outlook: Solution
- 5.1.1. Introduction / Key Findings
- 5.1.2. Historical Market Size (US$ Bn ) and Analysis, By Solution, 2019 - 2023
- 5.1.3. Current Market Size (US$ Bn ) and Analysis and Forecast, By Solution, 2024 - 2031
  - 5.1.3.1. Software
    - 5.1.3.1.1. Standalone Software
    - 5.1.3.1.2. Access Control
    - 5.1.3.1.3. Security and surveillance
    - 5.1.3.1.4. Revenue Management
    - 5.1.3.1.5. Parking Reservation
    - 5.1.3.1.6. Parking Enforcement and Permit Management
    - 5.1.3.1.7. Parking Guidance Management
    - 5.1.3.1.8. Others
    - 5.1.3.1.9. Integrated Parking Management Software
  - 5.1.3.2. Services
    - 5.1.3.2.1. System Integration & Deployment
    - 5.1.3.2.2. Support & Maintenance
    - 5.1.3.2.3. Consulting
5.2. Market Attractiveness Analysis: Solution
5.3. Global Parking Management Software Market Outlook: End User
- 5.3.1. Introduction / Key Findings
- 5.3.2. Historical Market Size (US$ Bn ) Analysis, By End User, 2019 - 2023
- 5.3.3. Current Market Size (US$ Bn ) Analysis and Forecast, By End User, 2024 - 2031
  - 5.3.3.1. Commercial
  - 5.3.3.2. Government
  - 5.3.3.3. Transportation
  - 5.3.3.4. Residential
  - 5.3.3.5. Others
5.4. Market Attractiveness Analysis: End User

6. Global Parking Management Software Market Outlook: Region

6.1. Key Highlights
6.2. Historical Market Size (US$ Bn ) and Analysis, By Region, 2019 - 2023
6.3. Current Market Size (US$ Bn ) Analysis and Forecast, By Region, 2024 - 2031
- 6.3.1. North America
- 6.3.2. Europe
- 6.3.3. East Asia
- 6.3.4. South Asia and Oceania
- 6.3.5. Latin America
- 6.3.6. Middle East & Africa
6.4. Market Attractiveness Analysis: Region

7. North America Parking Management Software Market Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)

7.1. Key Highlights
7.2. Historical Market Size (US$ Bn ) Analysis, By Market, 2019 - 2023
- 7.2.1. By Country
- 7.2.2. By Solution
- 7.2.3. By End User
7.3. Current Market Size (US$ Bn ) Analysis and Forecast, By Country, 2024 - 2031
- 7.3.1. U.S.
- 7.3.2. Canada
7.4. Current Market Size (US$ Bn ) Analysis and Forecast, By Solution, 2024 - 2031
- 7.4.1. Software
  - 7.4.1.1. Standalone Software
  - 7.4.1.2. Access Control
  - 7.4.1.3. Security and surveillance
  - 7.4.1.4. Revenue Management
  - 7.4.1.5. Parking Reservation
  - 7.4.1.6. Parking Enforcement and Permit Management
  - 7.4.1.7. Parking Guidance Management
  - 7.4.1.8. Others
  - 7.4.1.9. Integrated Parking Management Software
- 7.4.2. Services
  - 7.4.2.1. System Integration & Deployment
  - 7.4.2.2. Support & Maintenance
  - 7.4.2.3. Consulting
7.5. Current Market Size (US$ Bn ) Analysis and Forecast, By End User, 2024 - 2031
- 7.5.1. Commercial
- 7.5.2. Government
- 7.5.3. Transportation
- 7.5.4. Residential
- 7.5.5. Others
7.6. Market Attractiveness Analysis

8. Europe Parking Management Software Market Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)

8.1. Key Highlights
8.2. Historical Market Size (US$ Bn ) Analysis, By Market, 2019 - 2023
- 8.2.1. By Country
- 8.2.2. By Solution
- 8.2.3. By End User
8.3. Current Market Size (US$ Bn ) Analysis and Forecast, By Country, 2024 - 2031
- 8.3.1. Germany
- 8.3.2. France
- 8.3.3. U.K.
- 8.3.4. Italy
- 8.3.5. Spain
- 8.3.6. Russia
- 8.3.7. Rest of Europe
8.4. Current Market Size (US$ Bn ) Analysis and Forecast, By Solution, 2024 - 2031
- 8.4.1. Software
  - 8.4.1.1. Standalone Software
  - 8.4.1.2. Access Control
  - 8.4.1.3. Security and Surveillance
  - 8.4.1.4. Revenue Management
  - 8.4.1.5. Parking Reservation
  - 8.4.1.6. Parking Enforcement and Permit Management
  - 8.4.1.7. Parking Guidance Management
  - 8.4.1.8. Others
  - 8.4.1.9. Integrated Parking Management Software
- 8.4.2. Services
  - 8.4.2.1. System Integration & Deployment
  - 8.4.2.2. Support & Maintenance
  - 8.4.2.3. Consulting
8.5. Current Market Size (US$ Bn ) Analysis and Forecast, By End User, 2024 - 2031
- 8.5.1. Commercial
- 8.5.2. Government
- 8.5.3. Transportation
- 8.5.4. Residential
- 8.5.5. Others
8.6. Market Attractiveness Analysis

9. East Asia Parking Management Software Market Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)

9.1. Key Highlights
9.2. Historical Market Size (US$ Bn ) Analysis, By Market, 2019 - 2023
- 9.2.1. By Country
- 9.2.2. By Solution
- 9.2.3. By End User
9.3. Current Market Size (US$ Bn ) Analysis and Forecast, By Country, 2024 - 2031
- 9.3.1. China
- 9.3.2. Japan
- 9.3.3. South Korea
9.4. Current Market Size (US$ Bn ) Analysis and Forecast, By Solution, 2024 - 2031
- 9.4.1. Software
  - 9.4.1.1. Standalone Software
  - 9.4.1.2. Access Control
  - 9.4.1.3. Security and surveillance
  - 9.4.1.4. Revenue Management
  - 9.4.1.5. Parking Reservation
  - 9.4.1.6. Parking Enforcement and Permit Management
  - 9.4.1.7. Parking Guidance Management
  - 9.4.1.8. Others
  - 9.4.1.9. Integrated Parking Management Software
- 9.4.2. Services
  - 9.4.2.1. System Integration & Deployment
  - 9.4.2.2. Support & Maintenance
  - 9.4.2.3. Consulting
9.5. Current Market Size (US$ Bn ) Analysis and Forecast, By End User, 2024 - 2031
- 9.5.1. Commercial
- 9.5.2. Government
- 9.5.3. Transportation
- 9.5.4. Residential
- 9.5.5. Others
9.6. Market Attractiveness Analysis

10. South Asia & Oceania Parking Management Software Market Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)

10.1. Key Highlights
10.2. Historical Market Size (US$ Bn ) Analysis, By Market, 2019 - 2023
- 10.2.1. By Country
- 10.2.2. By Solution
- 10.2.3. By End User
10.3. Current Market Size (US$ Bn ) Analysis and Forecast, By Country, 2024 - 2031
- 10.3.1. India
- 10.3.2. Southeast Asia
- 10.3.3. ANZ
- 10.3.4. Rest of South Asia & Oceania
10.4. Current Market Size (US$ Bn ) Analysis and Forecast, By Solution, 2024 - 2031
- 10.4.1. Software
  - 10.4.1.1. Standalone Software
  - 10.4.1.2. Access Control
  - 10.4.1.3. Security and surveillance
  - 10.4.1.4. Revenue Management
  - 10.4.1.5. Parking Reservation
  - 10.4.1.6. Parking Enforcement and Permit Management
  - 10.4.1.7. Parking Guidance Management
  - 10.4.1.8. Others
  - 10.4.1.9. Integrated Parking Management Software
- 10.4.2. Services
  - 10.4.2.1. System Integration & Deployment
  - 10.4.2.2. Support & Maintenance
  - 10.4.2.3. Consulting
10.5. Current Market Size (US$ Bn ) Analysis and Forecast, By End User, 2024 - 2031
- 10.5.1. Commercial
- 10.5.2. Government
- 10.5.3. Transportation
- 10.5.4. Residential
- 10.5.5. Others
10.6. Market Attractiveness Analysis

11. Latin America Parking Management Software Market Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)

11.1. Key Highlights
11.2. Historical Market Size (US$ Bn ) Analysis, By Market, 2019 - 2023
- 11.2.1. By Country
- 11.2.2. By Solution
- 11.2.3. By End User
11.3. Current Market Size (US$ Bn ) Analysis and Forecast, By Country, 2024 - 2031
- 11.3.1. Brazil
- 11.3.2. Mexico
- 11.3.3. Rest of Latin America
11.4. Current Market Size (US$ Bn ) Analysis and Forecast, By Solution, 2024 - 2031
- 11.4.1. Software
  - 11.4.1.1. Standalone Software
  - 11.4.1.2. Access Control
  - 11.4.1.3. Security and surveillance
  - 11.4.1.4. Revenue Management
  - 11.4.1.5. Parking Reservation
  - 11.4.1.6. Parking Enforcement and Permit Management
  - 11.4.1.7. Parking Guidance Management
  - 11.4.1.8. Others
  - 11.4.1.9. Integrated Parking Management Software
- 11.4.2. Services
  - 11.4.2.1. System Integration & Deployment
  - 11.4.2.2. Support & Maintenance
  - 11.4.2.3. Consulting
11.5. Current Market Size (US$ Bn ) Analysis and Forecast, By End User, 2024 - 2031
- 11.5.1. Commercial
- 11.5.2. Government
- 11.5.3. Transportation
- 11.5.4. Residential
- 11.5.5. Others
11.6. Market Attractiveness Analysis

12. Middle East & Africa Parking Management Software Market Outlook: Historical (2019 - 2023) and Forecast (2024 - 2031)

12.1. Key Highlights
12.2. Historical Market Size (US$ Bn ) Analysis, By Market, 2019 - 2023
- 12.2.1. By Country
- 12.2.2. By Solution
- 12.2.3. By End User
12.3. Current Market Size (US$ Bn ) Analysis and Forecast, By Country, 2024 - 2031
- 12.3.1. GCC Countries
- 12.3.2. South Africa
- 12.3.3. Northern Africa
- 12.3.4. Rest of Middle East & Africa
12.4. Current Market Size (US$ Bn ) Analysis and Forecast, By Solution, 2024 - 2031
- 12.4.1. Software
  - 12.4.1.1. Standalone Software
  - 12.4.1.2. Access Control
  - 12.4.1.3. Security and surveillance
  - 12.4.1.4. Revenue Management
  - 12.4.1.5. Parking Reservation
  - 12.4.1.6. Parking Enforcement and Permit Management
  - 12.4.1.7. Parking Guidance Management
  - 12.4.1.8. Others
  - 12.4.1.9. Integrated Parking Management Software
- 12.4.2. Services
  - 12.4.2.1. System Integration & Deployment
  - 12.4.2.2. Support & Maintenance
  - 12.4.2.3. Consulting
12.5. Current Market Size (US$ Bn ) Analysis and Forecast, By End User, 2024 - 2031
- 12.5.1. Commercial
- 12.5.2. Government
- 12.5.3. Transportation
- 12.5.4. Residential
- 12.5.5. Others
12.6. Market Attractiveness Analysis

13. Competition Landscape

13.1. Market Share Analysis, 2023
13.2. Market Structure
- 13.2.1. Competition Intensity Mapping
- 13.2.2. Competition Dashboard
13.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 13.3.1. SKIDATA (Kudelski Group)
  - 13.3.1.1. Overview
  - 13.3.1.2. Service Portfolio
  - 13.3.1.3. Key Financials
  - 13.3.1.4. Market Developments
  - 13.3.1.5. Market Strategy
- 13.3.2. Amano McGann
- 13.3.3. Scheidt & Bachmann
- 13.3.4. Passport Labs, Inc
- 13.3.5. ParkMobile (easyparkgroup)
- 13.3.6. SWARCO AG
- 13.3.7. Bosch Group
- 13.3.8. Flowbird Group
- 13.3.9. APCOA PARKING
- 13.3.10. FlashParking
- 13.3.11. T2 Systems

14. Appendix

14.1. Research Methodology
14.2. Research Assumptions
14.3. Acronyms and Abbreviations

Parking Management Software Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024 - 2031