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Share: ResearchAndMarkets.com s offering. The Global Parking Management Market Size is Expected to Grow from USD 3.8 Billion in 2020 to USD 5.4 Billion by 2025, at a CAGR of 7.4% Several parking spaces remain unutilized as developers end up building additional spaces in adherence to regulations regarding the size and number of parking spaces. Consistent parking management solutions, such as improved signage and real-time parking indicators, reduce the wastage of parking spaces by informing customers when and where a parking space is available. Parking management also results in the more efficient use of parking resources through better revenue management, by countering over-pricing and underpricing parking spaces. An effective and integrated parking management solution can reduce parking requirements by 20-40%, which helps in maintaining city infrastructure, reducing land consumption, increasing revenue generation for the government, and improving user convenience. ....