Will the Global On-Street Smart Parking Lot Market Surge at an 18.7% CAGR to Reach USD 7.8B by 2034?

Intel Market Research, the global On-Street Smart Parking Lot market was valued at USD 2382 million in 2026 and is projected to reach USD 7826 million by 2034, growing at a remarkable CAGR of 18.7% during the forecast period (2025–2034). This expansion is fueled by rapid urbanization, growing smart city initiatives worldwide, and technological advancements in parking infrastructure that improve urban mobility.