The Parking Management Market is estimated to reach USD 6.3 billion by 2028, at a CAGR of 7.4% from 2023 to 2028. Smart parking solutions, integration with mobility services, IoT, sustainability initiatives, AI, autonomous vehicles, and demand management in urban planning are expected to shape the future of the Parking Management Market. Factors such as increasing traffic congestion, adoption of smart technologies, and proliferation of smartphones are driving the market growth.
