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 – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Off-Street Parking Management Market Report Segment
By Deployment
- On-Premise
- Cloud
By Offering
- Software
- Services
Global Off-Street Parking Management Market Report Segment by Region
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
- Latin America
- Middle East & Africa
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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