Off-street parking management market is anticipated to grow at a considerable CAGR of 14.5% during the forecast period. The benefits of using off-street parking are driving the growth of the global off-street parking management market. Off-street parking alternatives make it possible to park for both longer and shorter periods. Furthermore, governments in several countries are investing in the construction of smart cities, which is encouraging the adoption of these systems for organized parking in urban areas, hence driving the growth of the global market.
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The rising popularity of off-street parking can be attributed to a growing urge to maximize space and accommodate many vehicles in a single slot. For controlling parking challenges, smart city initiatives demand greater parking space using smart sensor-based vehicle detection technology. Off-street parking is a planned and secure alternative to on-street parking, however due to the exorbitant parking fees; it has not gained popularity, leading to poor occupancy rates.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Off-Street Parking Management Market by Deployment Model
- On-Premise
- Cloud
Global Off-Street Parking Management Market by Offering
- Software
- Services
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- 3M Co.
- Altiux Innovations Pvt. Ltd.
- Aptiv plc
- Bayerische Motoren Werke (BMW) AG
- CivicSmart, Inc.
- Cubic Corp.
- HCL Technologies Ltd.
- INRIX Inc. (Parkme Inc.)
- IntegraPark, LLC.
- Nedap N.V.
- ParkHelp Technologies
- Parkopedia Inc.
- Passport Labs, Inc.
- Robert Bosch GmbH
- Siemens AG
- Smart Parking Ltd.
- T2 Systems Inc.
- TCS International Inc.
- Valeo And Cisco
- Xerox Corp.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global off-street parking management market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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