The Latin America, Middle East and Africa Parking Management Market would witness market growth of 16.2% CAGR during the forecast period (2022-2028).
Parking planning is experiencing a paradigm shift, which involves a significant adjustment in how a problem is understood and how potential solutions are assessed. According to the outdated paradigm, parking ought to be easy to find and cost nothing at most locations. The goal is to increase supply while lowering the cost. According to the previous paradigm, parking lots should virtually never be full, the cost of parking facilities should be included in the price of buildings or supported by government, and each destination should have a parking capacity adequate for its needs. The new paradigm is aimed at offering the best possible parking availability and cost.
The new paradigm aims to make effective use of parking lots. It accepts full parking lots as long as there is nearby access to extra parking and any spillover issues are resolved. It places a focus on sharing parking spaces among various destinations. It supports directly taxing parking facility users for those costs and rewarding those who cut back on their need for parking with money.
The Middle East and Africa are anticipated to become a significant regional market in parking management in the future due to the rising investor interest in electric vehicles in the UAE. More than 29% of UAE citizens are likely to explore purchasing an electric vehicle to cut pollution, according to an Audi Abu Dhabi survey. The need for automotive adhesives in the region will also be fueled by Saudi Arabia, which accounts for over 40% of all automobiles sold in the GCC (Gulf Cooperation Council).
As concerns about car safety and security increase, LAMEA is anticipated to experience a robust expansion in the parking management industry. Intelligent mobility, IoT, driverless vehicles, intelligent parking systems, and big data are recent advancements in the parking and transportation business in the United Arab Emirates that offer substantial prospects in this area.
The Brazil market dominated the LAMEA Parking Management Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $200.3 million by 2028. The Argentina market is experiencing a CAGR of 16.8% during (2022 - 2028). Additionally, The UAE market would exhibit a CAGR of 15.9% during (2022 - 2028).
Based on Offering, the market is segmented into Solution (Revenue Management, Parking Reservation Management, Access Control, Security & Surveillance, and Valet Parking Management & Others) and Services. Based on Application, the market is segmented into Government, Commercial, and Transport Transit. Based on Deployment Mode, the market is segmented into On-premise and Cloud. Based on Parking Site, the market is segmented into Off-Street and On-Street. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Parking Management Market is Predict to reach $7.8 Billion by 2028, at a CAGR of 10.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 3M Company, IBM Corporation, Cubic Corporation, Siemens AG, Kapsch TrafficCom AG, Robert Bosch GmbH, Conduent, Incorporated, T2 Systems, Inc., SWARCO AG, and Amano Corporation.
Scope of the Study
Market Segments Covered in the Report:
By Offering
- Solution
- Revenue Management
- Parking Reservation Management
- Access Control
- Security & Surveillance
- Valet Parking Management & Others
- Services
By Application
- Government
- Commercial
- Transport Transit
By Deployment Mode
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- 3M Company
- IBM Corporation
- Cubic Corporation
- Siemens AG
- Kapsch TrafficCom AG
- Robert Bosch GmbH
- Conduent, Incorporated
- T2 Systems, Inc.
- SWARCO AG
- Amano Corporation
TABLE 1 LAMEA Parking Management Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Parking Management Market, 2022 - 2028, USD Million
TABLE 3 LAMEA Parking Management Market by Offering, 2018 - 2021, USD Million
TABLE 4 LAMEA Parking Management Market by Offering, 2022 - 2028, USD Million
TABLE 5 LAMEA Solution Market by Country, 2018 - 2021, USD Million
TABLE 6 LAMEA Solution Market by Country, 2022 - 2028, USD Million
TABLE 7 LAMEA Parking Management Market by Solution Type, 2018 - 2021, USD Million
TABLE 8 LAMEA Parking Management Market by Solution Type, 2022 - 2028, USD Million
TABLE 9 LAMEA Revenue Management Market by Country, 2018 - 2021, USD Million
TABLE 10 LAMEA Revenue Management Market by Country, 2022 - 2028, USD Million
TABLE 11 LAMEA Parking Reservation Management Market by Country, 2018 - 2021, USD Million
TABLE 12 LAMEA Parking Reservation Management Market by Country, 2022 - 2028, USD Million
TABLE 13 LAMEA Access Control Market by Country, 2018 - 2021, USD Million
TABLE 14 LAMEA Access Control Market by Country, 2022 - 2028, USD Million
TABLE 15 LAMEA Security & Surveillance Market by Country, 2018 - 2021, USD Million
TABLE 16 LAMEA Security & Surveillance Market by Country, 2022 - 2028, USD Million
TABLE 17 LAMEA Valet Parking Management & Others Market by Country, 2018 - 2021, USD Million
TABLE 18 LAMEA Valet Parking Management & Others Market by Country, 2022 - 2028, USD Million
TABLE 19 LAMEA Services Market by Country, 2018 - 2021, USD Million
TABLE 20 LAMEA Services Market by Country, 2022 - 2028, USD Million
TABLE 21 LAMEA Parking Management Market by Application, 2018 - 2021, USD Million
TABLE 22 LAMEA Parking Management Market by Application, 2022 - 2028, USD Million
TABLE 23 LAMEA Government Market by Country, 2018 - 2021, USD Million
TABLE 24 LAMEA Government Market by Country, 2022 - 2028, USD Million
TABLE 25 LAMEA Commercial Market by Country, 2018 - 2021, USD Million
TABLE 26 LAMEA Commercial Market by Country, 2022 - 2028, USD Million
TABLE 27 LAMEA Transport Transit Market by Country, 2018 - 2021, USD Million
TABLE 28 LAMEA Transport Transit Market by Country, 2022 - 2028, USD Million
TABLE 29 LAMEA Parking Management Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 30 LAMEA Parking Management Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 31 LAMEA On-premise Market by Country, 2018 - 2021, USD Million
TABLE 32 LAMEA On-premise Market by Country, 2022 - 2028, USD Million
TABLE 33 LAMEA Cloud Market by Country, 2018 - 2021, USD Million
TABLE 34 LAMEA Cloud Market by Country, 2022 - 2028, USD Million
TABLE 35 LAMEA Parking Management Market by Parking Site, 2018 - 2021, USD Million
TABLE 36 LAMEA Parking Management Market by Parking Site, 2022 - 2028, USD Million
TABLE 37 LAMEA Off-Street Market by Country, 2018 - 2021, USD Million
TABLE 38 LAMEA Off-Street Market by Country, 2022 - 2028, USD Million
TABLE 39 LAMEA On-Street Market by Country, 2018 - 2021, USD Million
TABLE 40 LAMEA On-Street Market by Country, 2022 - 2028, USD Million
TABLE 41 LAMEA Parking Management Market by Country, 2018 - 2021, USD Million
TABLE 42 LAMEA Parking Management Market by Country, 2022 - 2028, USD Million
TABLE 43 Brazil Parking Management Market, 2018 - 2021, USD Million
TABLE 44 Brazil Parking Management Market, 2022 - 2028, USD Million
TABLE 45 Brazil Parking Management Market by Offering, 2018 - 2021, USD Million
TABLE 46 Brazil Parking Management Market by Offering, 2022 - 2028, USD Million
TABLE 47 Brazil Parking Management Market by Solution Type, 2018 - 2021, USD Million
TABLE 48 Brazil Parking Management Market by Solution Type, 2022 - 2028, USD Million
TABLE 49 Brazil Parking Management Market by Application, 2018 - 2021, USD Million
TABLE 50 Brazil Parking Management Market by Application, 2022 - 2028, USD Million
TABLE 51 Brazil Parking Management Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 52 Brazil Parking Management Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 53 Brazil Parking Management Market by Parking Site, 2018 - 2021, USD Million
TABLE 54 Brazil Parking Management Market by Parking Site, 2022 - 2028, USD Million
TABLE 55 Argentina Parking Management Market, 2018 - 2021, USD Million
TABLE 56 Argentina Parking Management Market, 2022 - 2028, USD Million
TABLE 57 Argentina Parking Management Market by Offering, 2018 - 2021, USD Million
TABLE 58 Argentina Parking Management Market by Offering, 2022 - 2028, USD Million
TABLE 59 Argentina Parking Management Market by Solution Type, 2018 - 2021, USD Million
TABLE 60 Argentina Parking Management Market by Solution Type, 2022 - 2028, USD Million
TABLE 61 Argentina Parking Management Market by Application, 2018 - 2021, USD Million
TABLE 62 Argentina Parking Management Market by Application, 2022 - 2028, USD Million
TABLE 63 Argentina Parking Management Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 64 Argentina Parking Management Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 65 Argentina Parking Management Market by Parking Site, 2018 - 2021, USD Million
TABLE 66 Argentina Parking Management Market by Parking Site, 2022 - 2028, USD Million
TABLE 67 UAE Parking Management Market, 2018 - 2021, USD Million
TABLE 68 UAE Parking Management Market, 2022 - 2028, USD Million
TABLE 69 UAE Parking Management Market by Offering, 2018 - 2021, USD Million
TABLE 70 UAE Parking Management Market by Offering, 2022 - 2028, USD Million
TABLE 71 UAE Parking Management Market by Solution Type, 2018 - 2021, USD Million
TABLE 72 UAE Parking Management Market by Solution Type, 2022 - 2028, USD Million
TABLE 73 UAE Parking Management Market by Application, 2018 - 2021, USD Million
TABLE 74 UAE Parking Management Market by Application, 2022 - 2028, USD Million
TABLE 75 UAE Parking Management Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 76 UAE Parking Management Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 77 UAE Parking Management Market by Parking Site, 2018 - 2021, USD Million
TABLE 78 UAE Parking Management Market by Parking Site, 2022 - 2028, USD Million
TABLE 79 Saudi Arabia Parking Management Market, 2018 - 2021, USD Million
TABLE 80 Saudi Arabia Parking Management Market, 2022 - 2028, USD Million
TABLE 81 Saudi Arabia Parking Management Market by Offering, 2018 - 2021, USD Million
TABLE 82 Saudi Arabia Parking Management Market by Offering, 2022 - 2028, USD Million
TABLE 83 Saudi Arabia Parking Management Market by Solution Type, 2018 - 2021, USD Million
TABLE 84 Saudi Arabia Parking Management Market by Solution Type, 2022 - 2028, USD Million
TABLE 85 Saudi Arabia Parking Management Market by Application, 2018 - 2021, USD Million
TABLE 86 Saudi Arabia Parking Management Market by Application, 2022 - 2028, USD Million
TABLE 87 Saudi Arabia Parking Management Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 88 Saudi Arabia Parking Management Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 89 Saudi Arabia Parking Management Market by Parking Site, 2018 - 2021, USD Million
TABLE 90 Saudi Arabia Parking Management Market by Parking Site, 2022 - 2028, USD Million
TABLE 91 South Africa Parking Management Market, 2018 - 2021, USD Million
TABLE 92 South Africa Parking Management Market, 2022 - 2028, USD Million
TABLE 93 South Africa Parking Management Market by Offering, 2018 - 2021, USD Million
TABLE 94 South Africa Parking Management Market by Offering, 2022 - 2028, USD Million
TABLE 95 South Africa Parking Management Market by Solution Type, 2018 - 2021, USD Million
TABLE 96 South Africa Parking Management Market by Solution Type, 2022 - 2028, USD Million
TABLE 97 South Africa Parking Management Market by Application, 2018 - 2021, USD Million
TABLE 98 South Africa Parking Management Market by Application, 2022 - 2028, USD Million
TABLE 99 South Africa Parking Management Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 100 South Africa Parking Management Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 101 South Africa Parking Management Market by Parking Site, 2018 - 2021, USD Million
TABLE 102 South Africa Parking Management Market by Parking Site, 2022 - 2028, USD Million
TABLE 103 Nigeria Parking Management Market, 2018 - 2021, USD Million
TABLE 104 Nigeria Parking Management Market, 2022 - 2028, USD Million
TABLE 105 Nigeria Parking Management Market by Offering, 2018 - 2021, USD Million
TABLE 106 Nigeria Parking Management Market by Offering, 2022 - 2028, USD Million
TABLE 107 Nigeria Parking Management Market by Solution Type, 2018 - 2021, USD Million
TABLE 108 Nigeria Parking Management Market by Solution Type, 2022 - 2028, USD Million
TABLE 109 Nigeria Parking Management Market by Application, 2018 - 2021, USD Million
TABLE 110 Nigeria Parking Management Market by Application, 2022 - 2028, USD Million
TABLE 111 Nigeria Parking Management Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 112 Nigeria Parking Management Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 113 Nigeria Parking Management Market by Parking Site, 2018 - 2021, USD Million
TABLE 114 Nigeria Parking Management Market by Parking Site, 2022 - 2028, USD Million
TABLE 115 Rest of LAMEA Parking Management Market, 2018 - 2021, USD Million
TABLE 116 Rest of LAMEA Parking Management Market, 2022 - 2028, USD Million
TABLE 117 Rest of LAMEA Parking Management Market by Offering, 2018 - 2021, USD Million
TABLE 118 Rest of LAMEA Parking Management Market by Offering, 2022 - 2028, USD Million
TABLE 119 Rest of LAMEA Parking Management Market by Solution Type, 2018 - 2021, USD Million
TABLE 120 Rest of LAMEA Parking Management Market by Solution Type, 2022 - 2028, USD Million
TABLE 121 Rest of LAMEA Parking Management Market by Application, 2018 - 2021, USD Million
TABLE 122 Rest of LAMEA Parking Management Market by Application, 2022 - 2028, USD Million
TABLE 123 Rest of LAMEA Parking Management Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 124 Rest of LAMEA Parking Management Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 125 Rest of LAMEA Parking Management Market by Parking Site, 2018 - 2021, USD Million
TABLE 126 Rest of LAMEA Parking Management Market by Parking Site, 2022 - 2028, USD Million
TABLE 127 Key Information – 3M Company
TABLE 128 Key information – IBM Corporation
TABLE 129 Key Information – Cubic Corporation
TABLE 130 Key Information – Siemens AG
TABLE 131 Key Information – Kapsch TrafficCom AG
TABLE 132 key information – Robert Bosch GmbH
TABLE 133 Key Information –Conduent, Incorporated
TABLE 134 Key Information – T2 Systems, Inc.
TABLE 135 Key Information – SWARCO AG
TABLE 136 Key Information – Amano Corporation
List of Figures
FIG 1 Methodology for the research
FIG 2 SWOT Analysis: 3M Company
FIG 3 Swot analysis: IBM Corporation
FIG 4 Swot analysis: Siemens AG
FIG 5 Swot analysis: Robert Bosch GmbH
FIG 6 Recent strategies and developments: SWARCO AG