The global parking management market was valued at US$ 4,432.7 Mn in 2016 and is projected to increase at double digit CAGR of 10.75% to reach an impressive value from 2017 to 2026. The government segment in the global parking management market is estimated to account for majority revenue share of 61.4% in 2017.
Global Parking Management Market: Segmental Snapshot
By application: Commercial segment accounts for highest market share and is estimated to register a CAGR of over 11.4% between 2017 and 2026.
By parking facility: Off-street segment is estimated to register highest CAGR of 10.9% over the forecast period.
By region: The market in the Americas accounted for highest revenue share in the global parking management market in 2016.
Score from the experts at Killer Infographics
Visual Communication - 60%
Design - 70%
Content/Script - 65%
Usability - 70%
This infographic examines the market for parking management. Showing vehicles in parking spots throughout the design is a good visual cue to establish this topic. Be careful with your selection of data visualization types — a pie chart cannot show CAGR (compound annual growth rate) because pie charts show portions of a whole, rather than growth or reduction of a former sum. For instance, if Offstreet Revenue were 10.9% of the market share, then the pie chart used would be appropriate. However, since it's instead saying that Offstreet Revenue had a CAGR of 10.9% from the year 2017 through the year 2026, the design should instead show this as a comparative bar chart or line graph, depending on the available information of the years in between. In all we'd give this a D.