Off-Street Parking Management Systems - Global Strategic Business Report

The global market for Off-Street Parking Management Systems was valued at US$2.8 Billion in 2024 and is projected to reach US$4.5 Billion by 2030, growing at a CAGR of 8.3% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Off-Street Parking Management Systems market.

Global Off-Street Parking Management Systems Market - Key Trends & Drivers Summarized

What are Off-Street Parking Management Systems and Why are They Important?

Off-street parking management systems refer to the technologies and solutions used to manage and optimize parking in designated parking facilities such as garages, lots, and underground parking areas. These systems include features such as automated ticketing, payment processing, space detection, and real-time monitoring of parking occupancy. Off-street parking management systems are essential for improving the efficiency of urban parking, reducing congestion, and enhancing the customer experience by providing a streamlined, automated parking process. They also play a crucial role in smart city initiatives by integrating with broader urban mobility systems and reducing the time spent searching for parking, which in turn reduces traffic and emissions in urban areas.

What Trends are Shaping the Off-Street Parking Management Systems Market?

Several key trends are shaping the off-street parking management systems market. One of the most prominent trends is the increasing adoption of smart parking solutions as part of the broader smart city movement. Cities around the world are investing in technologies that improve urban mobility, and smart parking systems are a key component of these initiatives. Another trend is the growing demand for contactless and automated parking solutions, driven in part by the COVID-19 pandemic, which accelerated the shift toward digital payments and touchless interactions. The rise of electric vehicles (EVs) is also influencing the market, as parking management systems are increasingly being integrated with EV charging infrastructure to accommodate the growing number of EV users. Additionally, advancements in sensor technology and data analytics are enhancing the capabilities of parking systems, allowing operators to monitor space availability in real-time and optimize space utilization.

How is Technology Improving Off-Street Parking Management Systems?

Technological innovation is driving the evolution of off-street parking management systems, making them more efficient, user-friendly, and integrated with broader urban mobility solutions. One of the most significant technological advancements is the use of IoT (Internet of Things) sensors to monitor parking space occupancy in real-time. These sensors can detect when a vehicle enters or exits a parking space, allowing for accurate tracking of available spots. Data analytics and artificial intelligence (AI) are also being used to optimize space utilization, predict parking demand, and provide dynamic pricing based on occupancy levels. Mobile apps and digital payment platforms have transformed the user experience, allowing customers to find, reserve, and pay for parking through their smartphones. Furthermore, the integration of parking management systems with electric vehicle (EV) charging stations is becoming increasingly common, as cities and private operators prepare for the growing demand for EV infrastructure.

What Factors are Driving the Growth of the Off-Street Parking Management Systems Market?

The growth in the off-street parking management systems market is driven by several factors. One of the primary drivers is the increasing urbanization and the corresponding rise in vehicle ownership, which has led to greater demand for efficient parking solutions. The growing adoption of smart city initiatives is also contributing to the demand for advanced parking management systems that can reduce congestion and enhance urban mobility. Additionally, the shift toward contactless and automated parking solutions, accelerated by the COVID-19 pandemic, is driving the adoption of digital payment and ticketing systems. The rising number of electric vehicles on the road is another important factor, as parking facilities are increasingly integrating EV charging stations into their management systems. Finally, technological advancements, such as IoT sensors, AI-powered analytics, and mobile payment solutions, are enhancing the functionality of parking management systems, making them more attractive to both private operators and municipal authorities looking to improve parking efficiency.

Report Scope

The report analyzes the Off-Street Parking Management Systems market, presented in terms of units. The analysis covers the key segments and geographic regions outlined below.

Segments: Solution (Parking Reservation Management, Parking Fee & Revenue Management, Access Control, Valet Parking Management, Parking Guidance & Slot Management, Other Solutions); End-Use (Airports, Corporate & Commercial Parks, Commercial Institutions, Government & Municipalities, Healthcare, Other End-Uses).

Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Parking Reservation Management segment, which is expected to reach US$1.7 Billion by 2030 with a CAGR of a 9.7%. The Parking Fee & Revenue Management segment is also set to grow at 7.9% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, valued at $786.5 Million in 2024, and China, forecasted to grow at an impressive 7.7% CAGR to reach $689.9 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Off-Street Parking Management Systems Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Off-Street Parking Management Systems Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Off-Street Parking Management Systems Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of players such as Amano Corporation, Cubic Corporation, IBM Corporation, Kapsch TrafficCom AG, Kudelski SA and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 42 companies featured in this Off-Street Parking Management Systems market report include:

• Amano Corporation
• Cubic Corporation
• IBM Corporation
• Kapsch TrafficCom AG
• Kudelski SA
• Nortech Control Systems Ltd.
• SWARCO AG
• Tiba Parking
• Xerox Corporation

Tariff Impact Analysis: Key Insights for 2025

Global tariff negotiations across 180+ countries are reshaping supply chains, costs, and competitiveness. This report reflects the latest developments as of April 2025 and incorporates forward-looking insights into the market outlook.

The analysts continuously track trade developments worldwide, drawing insights from leading global economists and over 200 industry and policy institutions, including think tanks, trade organizations, and national economic advisory bodies. This intelligence is integrated into forecasting models to provide timely, data-driven analysis of emerging risks and opportunities.

What’s Included in This Edition:

• Tariff-adjusted market forecasts by region and segment
• Analysis of cost and supply chain implications by sourcing and trade exposure
• Strategic insights into geographic shifts

Buyers receive a free July 2025 update with:

• Finalized tariff impacts and new trade agreement effects
• Updated projections reflecting global sourcing and cost shifts
• Expanded country-specific coverage across the industry