Latest Market Research Report 2025

    Parking Management Industry Overview   The global parking management market size was valued at USD 4.38 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 12.1% from 2023 to 2030.   The rise in the number of vehicles across the world, growing demand for an effective traffic management solution, and rapid development of smart cities are contributing to the growth of this market. Due to the COVID-19 pandemic, there was a modest decrease in growth activities as many countries imposed strict restrictions by announcing complete lockdowns. Additionally, the government of several nations invested heavily in their healthcare systems to help identify the signs of the virus and stop the spread, which included restriction measures such as no crowding of public transport stations and vehicles that hindered the growth of parking management for a short period.   Gather more insights about the market drivers, restrains and growth of the...

  Parking Management Industry Overview The global parking management market size was valued at USD 4.23 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 11.1% from 2022 to 2030.     The rising number of vehicles across the world, growing demand for an effective traffic management solution, and rapid development of smart cities are contributing to the growth of the market. The COVID-19 pandemic compelled a decrease in growth activities as many countries imposed strict restrictions by announcing a complete lockdown. Additionally, the government of several nations invested heavily in their healthcare systems to help identify the signs of the virus and stop the spread, which included restriction measures such as no crowding of public transports stations and vehicles that hindered the growth of parking management for a short period. However, the ease in travel restrictions currently is expected to propel the market demand, as mo...