Parking Reservation Systems Market Share

Statistics for the 2023 & 2024 Parking Reservation Systems market share, created by Mordor Intelligence™ Industry Reports. Parking Reservation Systems share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

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Market Share of Parking Reservation Systems Industry

The parking reservation systems market is highly competitive due to the abundance of options offered by firms competing in domestic and global markets. The key firms use tactics like product innovation and mergers and acquisitions, which suggests that the market is relatively concentrated. Some of the major players in the market are Conduent Incorporated, Siemens AG, ParkMe Inc, and JustPark Parking Ltd, among others.

In January 2022, to digitize the parking environment in India using the vehicle's FASTag, Airtel Payments Bank partnered with Park+.Park+ access control systems are used in over 1,500 societies,30 malls, and 150 corporate parks nationwide. With the help of this partnership, significant commercial and residential buildings around the country will have access to smart parking options based on FASTag.

In February 2022, Vauxhall established a new collaboration with parking service JustPark to allow exclusive access to off-street charging stations. Also, this agreement will enable more individuals to switch to electric vehicles because they can locate convenient charging stations close to their residences.

In June 2022, in collaboration with ComfortDelGro and Alipay+, Touch 'n Go eWallet increased the reach of its cross-border payment capabilities to Singapore. ComfortDelGro runs over 9,000 taxis across Singapore. This international partnership enables its customers to travel with the eWallet and take advantage of a simple and convenient payment experience outside of their native country.

Parking Reservation Market Leaders

  1. Conduent Incorporated

  2. Siemens AG

  3. ParkMe Inc

  4. JustPark Parking Ltd

  5. The Kapsch Group

*Disclaimer: Major Players sorted in no particular order

Parking Reservation Systems Market Concentration

Parking Reservation Systems Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)