The global smart parking market is experiencing rapid growth as urbanization, traffic congestion, and technological advancements drive the demand for efficient parking solutions. Smart parking systems integrate IoT, sensors, mobile applications, and AI-driven analytics to optimize parking space utilization, reduce traffic congestion, and enhance the overall driving experience....

  According to report by Straits Research, the global smart parking market size was valued at USD 7.98 billion in 2024 and is expected to reach USD 33.82 billion by 2033, growing at a CAGR of 17.4% during the forecast period (2025-2033). The central objective of this study is to define and quantify the global Smart Parking market across diverse...