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 global off-street parking management market is further segmented based on geography, including North America (the US and Canada), Europe (Italy, Spain, Germany, France, and others), Asia-Pacific (India, China, Japan, South Korea, and others), and the Rest of the World (the Middle East & Africa and Latin America). North America held major market share in the global off-street parking management. Presence of key market players along with new solution launches is a key factor driving the growth of the regional market. For instance, in August 2022, Flowbird North America, a provider of cloud-based mobility solutions had announced its latest advancement in parking technology at the 2022 International Parking and Mobility Institute Conference in New Orleans, Louisiana. FlowbirdGO is a dynamic off-street system giving operators the flexibility to manage parking in gated and ungated garages and lots. Visitors to Flowbird’s IPMI booth got a first-look at the system’s cloud-based functionality, easy to use hardware, and frictionless entry in action.
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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
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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