Last Updated: 06-04-2026 | Format: PDF | Report ID:21539 | Author: Manisha C
| Key Market Question | Answer |
|---|---|
| What is the market size in 2025? | $1,200 Million |
| What is the projected market size by 2035? | $2,100 Million |
| What is the market CAGR from 2025 to 2035? | 5.8% |
| Which region dominates the market? | North America (38%) |
| Which product/service type dominates the market? | Off-Street (45%) |
| Which application leads the market? | Commercial (38%) |
| Who are the major buyers? | Commercial (42%), Municipal (33%) |
| What are the key market growth drivers? | Rising demand for contactless payment solutions due to health safety concerns and convenience; Smart city initiatives and urban infrastructure modernization globally |
| What are the major market challenges? |
Study period:
2020-2035
Base year:
2026
Historical data
2020-2024
NO OF PAGE:
167
What You Get:
| Cybersecurity concerns and payment data protection remain significant; Interoperability and system integration complexities across legacy and new platforms |
| What is the forecast period? | 2026–2035 |
| Who are the key market players? | Parkeon, Flowbird, Hectronic, IPS Group, ParkHelp Technologies, Cale Web Office, IEM SA, SKIDATA, Amano Corporation, TIBA Parking Systems, Siemens AG, METRIC Group, HUB Parking Technology, Nortech Control Systems, Scheidt & Bachmann |
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