Smart Parking Systems Market Size, Share, and Trends 2024 to 2034

The global smart parking systems market size is calculated at USD 11.18 billion in 2025 and is forecasted to reach around USD 64.50 billion by 2034, accelerating at a CAGR of 21.57% from 2025 to 2034. The North America smart parking systems market size surpassed USD 3.29 billion in 2024 and is expanding at a CAGR of 21.75% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.

  • Last Updated : February 2024
  • Report Code : 3803
  • Category : ICT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology (Premium Insights)

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Smart Parking Systems Market 

5.1. COVID-19 Landscape: Smart Parking Systems Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Smart Parking Systems Market, By Hardware

8.1. Smart Parking Systems Market, by Hardware

8.1.1. Pucks

8.1.1.1. Market Revenue and Forecast

8.1.2. Cameras & LPRs

8.1.2.1. Market Revenue and Forecast

8.1.3. Smart Meters

8.1.3.1. Market Revenue and Forecast

8.1.4. Signage

8.1.4.1. Market Revenue and Forecast

8.1.5. Parking Gates

8.1.5.1. Market Revenue and Forecast

Chapter 9. Global Smart Parking Systems Market, By Software

9.1. Smart Parking Systems Market, by Software

9.1.1. Parking Guidance System

9.1.1.1. Market Revenue and Forecast

9.1.2. Analytics Solutions

9.1.2.1. Market Revenue and Forecast

9.1.3. Service Outlook

9.1.3.1. Market Revenue and Forecast

9.1.4. Consulting Service

9.1.4.1. Market Revenue and Forecast

9.1.5. Engineering Service

9.1.5.1. Market Revenue and Forecast

9.1.6. Mobile App Parking Service

9.1.6.1. Market Revenue and Forecast

Chapter 10. Global Smart Parking Systems Market, By Type 

10.1. Smart Parking Systems Market, by Type

10.1.1. On-street

10.1.1.1. Market Revenue and Forecast

10.1.2. Off-street

10.1.2.1. Market Revenue and Forecast

10.1.3. Garage Parking

10.1.3.1. Market Revenue and Forecast

10.1.4. Lot Parking

10.1.4.1. Market Revenue and Forecast

Chapter 11. Global Smart Parking Systems Market, By Application 

11.1. Smart Parking Systems Market, by Application

11.1.1. Commercial

11.1.1.1. Market Revenue and Forecast

11.1.2. Government

11.1.2.1. Market Revenue and Forecast

11.1.3. Transport Transit

11.1.3.1. Market Revenue and Forecast

Chapter 12. Global Smart Parking Systems Market, Regional Estimates and Trend Forecast

12.1. North America

12.1.1. Market Revenue and Forecast, by Hardware

12.1.2. Market Revenue and Forecast, by Software

12.1.3. Market Revenue and Forecast, by Type

12.1.4. Market Revenue and Forecast, by Application

12.1.5. U.S.

12.1.5.1. Market Revenue and Forecast, by Hardware

12.1.5.2. Market Revenue and Forecast, by Software

12.1.5.3. Market Revenue and Forecast, by Type

12.1.5.4. Market Revenue and Forecast, by Application

12.1.6. Rest of North America

12.1.6.1. Market Revenue and Forecast, by Hardware

12.1.6.2. Market Revenue and Forecast, by Software

12.1.6.3. Market Revenue and Forecast, by Type

12.1.6.4. Market Revenue and Forecast, by Application

12.2. Europe

12.2.1. Market Revenue and Forecast, by Hardware

12.2.2. Market Revenue and Forecast, by Software

12.2.3. Market Revenue and Forecast, by Type

12.2.4. Market Revenue and Forecast, by Application

12.2.5. UK

12.2.5.1. Market Revenue and Forecast, by Hardware

12.2.5.2. Market Revenue and Forecast, by Software

12.2.5.3. Market Revenue and Forecast, by Type

12.2.5.4. Market Revenue and Forecast, by Application

12.2.6. Germany

12.2.6.1. Market Revenue and Forecast, by Hardware

12.2.6.2. Market Revenue and Forecast, by Software

12.2.6.3. Market Revenue and Forecast, by Type

12.2.6.4. Market Revenue and Forecast, by Application

12.2.7. France

12.2.7.1. Market Revenue and Forecast, by Hardware

12.2.7.2. Market Revenue and Forecast, by Software

12.2.7.3. Market Revenue and Forecast, by Type

12.2.7.4. Market Revenue and Forecast, by Application

12.2.8. Rest of Europe

12.2.8.1. Market Revenue and Forecast, by Hardware

12.2.8.2. Market Revenue and Forecast, by Software

12.2.8.3. Market Revenue and Forecast, by Type

12.2.8.4. Market Revenue and Forecast, by Application

12.3. APAC

12.3.1. Market Revenue and Forecast, by Hardware

12.3.2. Market Revenue and Forecast, by Software

12.3.3. Market Revenue and Forecast, by Type

12.3.4. Market Revenue and Forecast, by Application

12.3.5. India

12.3.5.1. Market Revenue and Forecast, by Hardware

12.3.5.2. Market Revenue and Forecast, by Software

12.3.5.3. Market Revenue and Forecast, by Type

12.3.5.4. Market Revenue and Forecast, by Application

12.3.6. China

12.3.6.1. Market Revenue and Forecast, by Hardware

12.3.6.2. Market Revenue and Forecast, by Software

12.3.6.3. Market Revenue and Forecast, by Type

12.3.6.4. Market Revenue and Forecast, by Application

12.3.7. Japan

12.3.7.1. Market Revenue and Forecast, by Hardware

12.3.7.2. Market Revenue and Forecast, by Software

12.3.7.3. Market Revenue and Forecast, by Type

12.3.7.4. Market Revenue and Forecast, by Application

12.3.8. Rest of APAC

12.3.8.1. Market Revenue and Forecast, by Hardware

12.3.8.2. Market Revenue and Forecast, by Software

12.3.8.3. Market Revenue and Forecast, by Type

12.3.8.4. Market Revenue and Forecast, by Application

12.4. MEA

12.4.1. Market Revenue and Forecast, by Hardware

12.4.2. Market Revenue and Forecast, by Software

12.4.3. Market Revenue and Forecast, by Type

12.4.4. Market Revenue and Forecast, by Application

12.4.5. GCC

12.4.5.1. Market Revenue and Forecast, by Hardware

12.4.5.2. Market Revenue and Forecast, by Software

12.4.5.3. Market Revenue and Forecast, by Type

12.4.5.4. Market Revenue and Forecast, by Application

12.4.6. North Africa

12.4.6.1. Market Revenue and Forecast, by Hardware

12.4.6.2. Market Revenue and Forecast, by Software

12.4.6.3. Market Revenue and Forecast, by Type

12.4.6.4. Market Revenue and Forecast, by Application

12.4.7. South Africa

12.4.7.1. Market Revenue and Forecast, by Hardware

12.4.7.2. Market Revenue and Forecast, by Software

12.4.7.3. Market Revenue and Forecast, by Type

12.4.7.4. Market Revenue and Forecast, by Application

12.4.8. Rest of MEA

12.4.8.1. Market Revenue and Forecast, by Hardware

12.4.8.2. Market Revenue and Forecast, by Software

12.4.8.3. Market Revenue and Forecast, by Type

12.4.8.4. Market Revenue and Forecast, by Application

12.5. Latin America

12.5.1. Market Revenue and Forecast, by Hardware

12.5.2. Market Revenue and Forecast, by Software

12.5.3. Market Revenue and Forecast, by Type

12.5.4. Market Revenue and Forecast, by Application

12.5.5. Brazil

12.5.5.1. Market Revenue and Forecast, by Hardware

12.5.5.2. Market Revenue and Forecast, by Software

12.5.5.3. Market Revenue and Forecast, by Type

12.5.5.4. Market Revenue and Forecast, by Application

12.5.6. Rest of LATAM

12.5.6.1. Market Revenue and Forecast, by Hardware

12.5.6.2. Market Revenue and Forecast, by Software

12.5.6.3. Market Revenue and Forecast, by Type

12.5.6.4. Market Revenue and Forecast, by Application

Chapter 13. Company Profiles

13.1. Altiux Innovations

13.1.1. Company Overview

13.1.2. Product Offerings

13.1.3. Financial Performance

13.1.4. Recent Initiatives

13.2. Amano McGann, Inc.

13.2.1. Company Overview

13.2.2. Product Offerings

13.2.3. Financial Performance

13.2.4. Recent Initiatives

13.3. Amco S.A.

13.3.1. Company Overview

13.3.2. Product Offerings

13.3.3. Financial Performance

13.3.4. Recent Initiatives

13.4. MW AG (ParkNow GmbH, Parkmobile LLC)

13.4.1. Company Overview

13.4.2. Product Offerings

13.4.3. Financial Performance

13.4.4. Recent Initiatives

13.5. Cisco Systems, Inc.

13.5.1. Company Overview

13.5.2. Product Offerings

13.5.3. Financial Performance

13.5.4. Recent Initiatives

13.6. CivicSmart, Inc.

13.6.1. Company Overview

13.6.2. Product Offerings

13.6.3. Financial Performance

13.6.4. Recent Initiatives

13.7. Deteq Solutions

13.7.1. Company Overview

13.7.2. Product Offerings

13.7.3. Financial Performance

13.7.4. Recent Initiatives

13.8. Flowbird techno

13.8.1. Company Overview

13.8.2. Product Offerings

13.8.3. Financial Performance

13.8.4. Recent Initiatives

13.9. INDECT Electronics & Distribution GmbH

13.9.1. Company Overview

13.9.2. Product Offerings

13.9.3. Financial Performance

13.9.4. Recent Initiatives

13.10. Kapsch TrafficCom

13.10.1. Company Overview

13.10.2. Product Offerings

13.10.3. Financial Performance

13.10.4. Recent Initiatives

Chapter 14. Research Methodology

14.1. Primary Research

14.2. Secondary Research

14.3. Assumptions

Chapter 15. Appendix

15.1. About Us

15.2. Glossary of Terms 

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Frequently Asked Questions

The global smart parking systems market size is expected to increase USD 64.50 billion by 2034 from USD 9.15 billion in 2024.

The global smart parking systems market will register a growth rate of 21.57% between 2025 and 2034.

The major players operating in the smart parking systems market are Altiux Innovations, Amano McGann, Inc., Amco S.A, MW AG (ParkNow GmbH, Parkmobile LLC), Cisco Systems, Inc., CivicSmart, Inc., Deteq Solutions, Flowbird techno, INDECT Electronics & Distribution GmbH, Kapsch TrafficCom, Libelium Comunicaciones Distribuidas S.L., Meter Feeder, Inc., Mindteck, Municipal Parking Services, Inc., Nedap N.V., Park Assist, ParkHelp Technologies, ParkJockey, ParkMe Inc., Robert Bosch GmbH, Siemens AG, SKIDATA AG, Smart Parking Ltd., SpotHero, Inc., Swarco AG, Urbiotica, S.L. and Others.

The driving factors of the smart parking systems market are the rise in urban population and advancements in wireless technology.

North America region will lead the global smart parking systems market during the forecast period 2025 to 2034.

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