What are the future prospects of the parking management solutions market?
The market is projected to grow at a CAGR of 10.7% until 2030, driven by factors like smart city initiatives and increasing demand for optimized parking experiences.
Which region is expected to have the fastest growth in the parking management solutions market?
The Asia Pacific region is projected to have the fastest growth due to rapid urbanization, a booming middle class, and increasing awareness of smart parking solutions.
Who are the major players in the parking management solutions market?
Amano, Kapsch TrafficCom, Siemens, SKIDATA, and Inrix are among the major players in the market, actively pursuing strategic partnerships and acquisitions to expand their reach.
What are the different types of parking management solutions?
Parking management solutions can be categorized into on-street and off-street parking systems, with revenue management, security and surveillance, access control, and reservation management being some key product segments.