Parking management solutions market seen topping $7 billion by 2030

The Business Research Company says parking management solutions will grow to more than $7 billion by 2030, driven by urbanization, smart city spending and demand for digital payments. North America and the U.S. are projected to lead the market as solutions remain the biggest segment. Why it matters: - Parking management is becoming a larger slice of smart-city and urban-mobility spending. - The market is projected to exceed $7 billion in 2030, while still representing about 1% of the parent information management solutions market and nearly 0.05% of the broader information technology market. - Growth is tied to real-world pressure points: congestion, vehicle density, parking shortages and the shift toward cashless transactions. What happened: - The Business Research Company released a 2026 market report on parking management solutions with a forecast through 2035. - The report projects the global parking management solutions market at more than $7 billion by 2030. - The report estimates an 8% compound annual growth rate leading up to 2030. - North America is expected to be the largest region in 2030, at $2.3 billion. - The USA is expected to be the largest country in 2030, at $2.1 billion. - The report says the solutions category will be the largest segment by type in 2030, at 68% of the market, or $4 billion. The details: - North America is projected to grow from $1.6 billion in 2025 to $2.3 billion in 2030, a 7% CAGR. - The USA is projected to grow from $1.5 billion in 2025 to $2.1 billion in 2030, an 8% CAGR. - The report links North American growth to urbanization, vehicle ownership, smart parking infrastructure, IoT-based systems, smart city projects, commercial real estate growth and digital payment integration. - The USA outlook is supported by urbanization, vehicle density, automated parking systems, IoT-enabled monitoring, smart city investment, commercial complexes, transportation hubs and mobile-based parking apps. - The solutions segment is supported by smart parking adoption, IoT sensors, automated parking guidance, AI and data analytics, smart city projects, contactless payments and efforts to reduce congestion. - The market is also segmented by parking site into on-site parking and off-site parking. - The market is segmented by technology into parking meters and parking kiosks. - The market is segmented by application into transport, commercial and government. - The report says the solutions and services markets together could add more than $2 billion in value by 2030. - The solutions market is projected to grow by $1 billion from 2025 to 2030, and the services market is also projected to grow by $1 billion over the same period. - The report says the 2026 edition adds market attractiveness scoring, TAM analysis, company scoring matrix graphics and tables, Excel-based forecasting dashboards, market hotspots infographics, key technologies, future trend analysis, and updated graphics and tables. - A free sample request and the full report are available online. Between the lines: - The report frames parking management as part of a broader shift toward connected urban infrastructure, not just a standalone parking category. - Smart city spending and digital payments appear to be the clearest near-term demand drivers, which suggests the market is being shaped as much by infrastructure modernization as by parking operators themselves. - The report’s strongest growth assumptions are concentrated in North America and the U.S., which points to mature markets capturing the earliest large-scale adoption. What’s next: - The report expects smart city initiatives, contactless payments and IoT-enabled parking systems to keep pushing adoption through 2030. - The company says its 2026 reports now include broader strategic tools for buyers, including forecasting dashboards and hotspot analysis. - The report’s longer forecast horizon runs to 2035, signaling continued interest in parking tech beyond the 2030 peak estimate. The bottom line: - Parking management solutions are moving from a niche operational tool to a core part of smart mobility infrastructure, with North America set to lead the next wave of growth.