Report ID: SQMIG45E2210
Parking Management System Market Size, Share, Growth Analysis, By Solutions(Parking Guidance Solution, Parking Reservation Management, Parking Permit Management, Parking Enforcement Management), By Deployment Type(Cloud, On-premises, Others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45E2210 |
Region:
Global |
Published Date: July, 2001
Pages:
157
|
Tables:
70 |
Figures:
75
Parking Management System Market Insights
Parking Management System Market size was valued at USD 3.49 billion in 2019 and is poised to grow from USD 4.38 billion in 2023 to USD 10.14 billion by 2031, growing at a CAGR of 12.1% in the forecast period (2024-2031).
A car parking system is automated by a parking management system. These techniques are implemented at the certain level of building. Since managing parking spaces is difficult, parking managers typically use a parking management system to aid in their operations.
Parking space is optimised, and procedures are made effective by offering a variety of services, including used and vacant space reports vehicle and slot counts, available slot displays, reserved parking, pay-and-park alternatives, simple payment methods, and a host of others, that provides real-time automobile parking information.
Over the forecast period, the parking management system market growth is anticipated to increase as a result of the growing smartphone penetration and the accessibility of mobile applications with features that assist operators in finding parking spaces.
US Parking Management System Market is poised to grow at a sustainable CAGR for the next forecast year.
Parking Management System Market Report Snapshots
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