The U.S. parking management market is poised to expand from USD 1.86 billion in 2025 to USD 4.17 billion by 2034, reflecting a robust CAGR of 9.40 percent over 2025–2034. Growth is underpinned by rapid urbanization, a rising vehicle parc, and city-level mandates to reduce congestion and emissions. Digital-first solutions—spanning IoT sensors, license plate recognition, mobile payments, and cloud analytics—are shifting parking from static real estate to an active, data-driven layer of urban mobility.
Large metros such as New York, Los Angeles, and Chicago are standard-bearers for modernization, piloting and scaling pay-by-plate meters, demand-responsive pricing, curb management zones, and app-based reservations. Airports, malls, office campuses, hospitals, and transit hubs are upgrading legacy systems to streamline ingress/egress, cut operating costs, support EV charging, and improve the traveler and shopper experience. As electrification accelerates and integrated building management systems (IBMS) proliferate, parking assets are becoming essential nodes in citywide energy, mobility, and retail ecosystems.
Forecast snapshot 2025–2034
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2025 market size: USD 1.86 billion
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2034 market size: USD 4.17 billion
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CAGR (2025–2034): 9.40 percent
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Prime growth levers: smart city programs, curbside digitization, EV readiness, contactless payments, and AI-enabled enforcement and analytics
Market Definition and Scope
Parking management comprises the hardware, software, and services that plan, meter, price, secure, and account for on-street, off-street, private/corporate, and airport/transit parking. Core capabilities include:
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Hardware: sensors, cameras, smart meters, pay stations, gates, validators, LPR units, controllers
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Software: cloud platforms, mobile wallets/apps, enforcement suites, analytics, APIs and integrations
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Services: system design, installation, managed operations, compliance/enforcement, maintenance, and data services
Key end-use environments span municipal/government, commercial complexes and malls, airports and transportation hubs, hospitals and healthcare, and residential communities.
Highlights at a Glance
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Component: Hardware leads in installed base; software is the fastest-growing on the back of cloud/SaaS adoption and analytics.
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Parking Type: On-street remains the largest; off-street is the fastest-growing, driven by structured parking, automation, and EV charging.
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Solution Type: Smart parking solutions lead; LPR and enforcement systems post the highest growth.
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End-User: Municipal and government authorities lead share; airports and hubs grow fastest.
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Deployment: Cloud/SaaS dominates and grows fastest; on-premise remains meaningful in sensitive environments.
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Technology: IoT and connected sensors dominate today; AI and analytics grow fastest through 2034.
Growth Drivers
1) Urban Density and Congestion Management
U.S. cities face sustained pressure to curb cruising for parking—a key source of tailpipe emissions and traffic delay. Digitized curbspace, demand-responsive pricing, and real-time occupancy data directly reduce vehicle miles traveled and improve throughput.
2) Digital Payments and Contactless Journeys
Consumer preference for tap-to-pay, mobile wallets, and in-app purchases has made cashless the default across large municipalities. The result: faster turns, lower collection costs, less shrinkage, and richer datasets for revenue assurance.
3) Electrification and IBMS Integration
Parking is increasingly paired with EV charging, building energy management, and distributed energy resources (DERs). Operators seek unified dashboards to track occupancy, charging sessions, power costs, and monetization.
4) Data, AI, and Automation
AI optimizes rate structures, staffing, enforcement patrols, and capital plans. With LPR, operators enable gateless entry/exit, frictionless subscriptions, and dynamic promotion/validation models.
5) Regulatory Momentum
Federal and municipal initiatives—ranging from climate action plans to Vision Zero and accessibility compliance—are nudging cities to modernize meters, improve curb discipline, and publish transparent rules for loading, ride-hail, delivery, and micromobility.
2025 Trendline: Partnerships, Launches, Programs
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Partnership Expansion: Technology providers and operators are aligning to create interoperable ecosystems and faster deployments. A notable example in 2024 was ParkMobile’s partnership with FlashForm to broaden access and streamline user experience across North America (partnership trend context from industry announcements).
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Product Innovation: Vendors are rolling out AI-powered guidance, LPR-first platforms, and unified dashboards. In August 2025, PRRS introduced Autostart, an AI-enabled pay-and-park flow designed to remove friction for drivers (illustrative 2025 launch as referenced in market updates).
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Dealer and Channel Programs: To amplify reach and service depth, providers are investing in dealer networks. In May 2025, Orbility USA launched a Dealer Partnership Program to expand coverage and accelerate deployments.
These developments collectively reduce time-to-value for municipalities and private facilities, and they push the market toward modular, API-ready architectures rather than bespoke stacks.
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Component Insights
Why Hardware Leads Today
Hardware—sensors, cameras, gates, meters, and kiosks—anchors real-time monitoring and control. Cities and airports continue to upgrade street furniture and garage infrastructure to support automated revenue control, reliable enforcement, and accessible payment options. With rising vehicle ownership and structured parking buildouts, the hardware replacement cycle remains steady.
Why Software Grows Fastest
The leap in cloud management, mobile UX, and AI-driven analytics places software at the heart of high-ROI modernization. Cloud platforms unify multi-site operations, enable over-the-air updates, integrate with payment rails, and support features like dynamic pricing, pre-booking, and event surge management—all with lower capex versus rip-and-replace hardware.
Parking Type Insights
On-Street: The Largest Share
On-street is the daily workhorse of urban mobility—pervasive, convenient, and high-turnover. Cities prize the curb for throughput and economic activity, using meters, permits, and LPR enforcement to support access, compliance, and equity. Modernized meters and pay-by-plate continue to extend functionality without adding curb clutter.
Off-Street: The Fastest Growth
As urban cores densify, garages, private lots, and subterranean facilities are scaling with security, automation, EV charging, and pre-reservation. Airports, stadiums, malls, and corporate campuses are embracing gateless LPR, valet digitization, and loyalty integrations, which compress queues, raise yield, and enhance the guest journey.
Solution Type Insights
Smart Parking Leads
Smart parking solutions—combining IoT occupancy, wayfinding, cashless, and cloud analytics—deliver measurable outcomes: fewer minutes to park, higher turnover, and better compliance. As mobility data becomes a civic utility, smart parking acts as a keystone for broader curb and transit strategies.
LPR and Enforcement: Highest Growth
License Plate Recognition automates access control and compliance with lower labor intensity than chalking or manual checks. Continuous advances in AI vision improve accuracy and lower total cost of ownership. Airports, universities, hospitals, and municipalities are adding LPR to enable gateless workflows and subscription/permit enforcement at scale.
End-User Insights
Municipal and Government: Largest Buyer
Cities manage extensive on-street and public facilities and maintain budgets for multi-year modernization. Their goals—reduce congestion, expand accessibility, increase compliance, and ensure fiscal accountability—align squarely with the capabilities of digitized parking platforms.
Airports and Transit Hubs: Fastest Growth
Air travel and multimodal commuting amplify the need for predictive capacity, terminal-level guidance, and pre-bookable premium experiences. Airports are migrating to dynamic pricing, integrated EV charging, and unified loyalty across parking and retail.
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Deployment Insights
Cloud/SaaS: Dominant and Fastest-Growing
Operators value scalability, real-time visibility, and lower upfront costs. Cloud systems provide remote updates, integrated analytics, and seamless ties to mobile apps and third-party services. Centralized operations across districts or campuses become practical without heavy local IT lift.
On-Premise: Resilient for Sensitive Environments
For certain municipalities, airports, hospitals, and universities, data sovereignty, policy constraints, or air-gapped security keep on-prem architectures in play. Many are pursuing hybrid patterns—on-prem enforcement with cloud analytics, or local control with managed updates.
Technology Insights
IoT and Connected Sensors: Today’s Backbone
Occupancy sensors, camera analytics, and connected meters provide the real-time fabric for space discovery, pricing, and enforcement. The resulting data powers dashboards that help planners re-stripe curb zones, adjust rates, and forecast capital investments.
AI and Analytics: Fastest-Rising Capability
AI enables predictive occupancy, dynamic pricing, optimal patrol routing, and anomaly detection for revenue protection. Over 2025–2034, more cities will shift from descriptive to prescriptive analytics, automating decisions that once relied on manual surveys.
Regional Outlook
West: Leading Share
The West—anchored by Los Angeles, San Francisco, Seattle, and San Diego—pairs high vehicle ownership with scarce land, accelerating adoption of IoT, LPR, and app-based payments. California’s strong EV uptake pushes facilities to integrate charging at scale, fusing energy and mobility operations.
A noteworthy 2025 example: StreetLine partnered with the Arizona DOT to launch a smart truck parking availability system along the I-10 Corridor across AZ, CA, NM, and TX—illustrating how sensorized parking can address freight safety and efficiency at interstate scale.
Northeast: Rising Fast
Legacy street grids and tight curb supply in New York, Boston, and Philadelphia sustain steady upgrades. Pay-by-plate machines and mobile payments reduce paper receipts and improve compliance, while curb pilots (e.g., smart loading zones) alleviate double-parking and delivery friction.
In April 2024, New York City’s DOT began replacing older meters with pay-by-plate machines, letting drivers input license plates and pay via app—an early indicator of broader digitization momentum.
Competitive Landscape
The U.S. market blends global brands, North American specialists, and digital marketplaces. Leaders are winning with open APIs, partner ecosystems, rapid install kits, and measurable ROI.
Tier 1 Leaders
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Cubic Corporation
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Conduent Incorporated
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Flowbird Group (including Parkeon/Flowbird U.S.)
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Skidata, Inc.
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APCOA Parking Group
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Indigo (formerly VINCI Park)
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SP Plus Corporation
Tier 2 Specialists
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Amano McGann, Inc.
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Amano Pioneer Eclipse
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Cale America Inc.
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HUB Parking Technology
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IPS Group, Inc.
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TIBA Parking Systems
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T2 Systems
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Scheidt & Bachmann
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Nedap
Tier 3 Innovators and Marketplaces
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FlashParking (FLASH)
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Passport
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ParkMobile
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ParkHub
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ParkAssist
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SpotHero
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ParkWhiz
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Parkopedia
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JustPark
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Parkalytics/Parkalot
Top Companies: Profiles, Products, and Market Cap
Note on market capitalization
Many parking leaders are private or operate as subsidiaries of public companies. For those without publicly traded equity, market capitalization is not disclosed. For public entities, market caps fluctuate. Where available, the latest figures (as of 2025) are provided with sources.
Conduent Incorporated
About
Conduent provides transaction processing, customer experience, and transportation solutions, including tolling, transit, and parking enforcement and citation management for government and commercial clients.
Products
Transportation back-office platforms, citation lifecycle management, mobile LPR enforcement tools, analytics, and payment processing for curb and parking programs.
Market Cap
Approximately USD 0.44–0.46 billion as of mid-2025, per multiple financial trackers.
Cubic Corporation
About
A systems integrator focused on transportation and defense. In mobility, Cubic is known for fare collection, journey planning, and traffic management; it also supports parking through integrations within broader urban mobility stacks.
Products
Urban mobility platforms, payment and account-based ticketing, traveler information systems, and integrations to parking guidance and payment ecosystems.
Market Cap
Private (taken private in 2021). Market capitalization not publicly disclosed.
Flowbird Group (Parkeon/Flowbird U.S.)
About
A global leader in curbside management and parking meters, Flowbird delivers pay-by-plate kiosks, mobile payments, and back-office platforms adopted by major U.S. cities.
Products
Smart meters, cloud back office, mobile app partnerships, enforcement tools, and analytics dashboards.
Market Cap
Private. Not publicly disclosed.
Skidata, Inc.
About
A premium access and revenue control vendor for off-street environments—airports, stadiums, venues, mixed-use developments—emphasizing reliable hardware and polished UX.
Products
PARCS (parking access and revenue control systems), gates, payment kiosks, LPR integrations, validations, and event parking modules.
Market Cap
Private (subsidiary of SKIDATA Group). Not publicly disclosed.
APCOA Parking Group
About
A pan-European operator with technology and operations expertise that increasingly engages U.S. stakeholders for best practices in managed parking and EV-ready facilities.
Products
Operations and revenue management, digital permits, EV integrations, and analytics.
Market Cap
Private. Not publicly disclosed.
Indigo (formerly VINCI Park)
About
A global operator and technology provider specializing in off-street operations and digital parking services for cities and private owners.
Products
Operations, digital passes, enforcement, and customer apps.
Market Cap
Private. Not publicly disclosed.
SP Plus Corporation
About
A large North American operator providing facility management, event parking, airport services, and technology-enabled enforcement.
Products
Managed operations, revenue optimization, enforcement, permits, and technology partnerships.
Market Cap
Private (acquired; no current public market cap).
Amano McGann, Inc. (Amano Corporation subsidiary)
About
A longstanding provider of PARCS hardware, software, and services for garages and campuses; strong presence in airports, healthcare, and mixed-use properties.
Products
Access control, pay stations, LPR, validations, and cloud dashboards.
Market Cap
Amano McGann is a subsidiary. Parent Amano Corporation (TYO:6436) market cap approximately USD 2.0–2.2 billion in 2025.
Amano Pioneer Eclipse (Amano brand)
About
Complements Amano’s parking and time-management portfolio with facility maintenance equipment that often serves the same built environments.
Products
Facility cleaning and support equipment for parking structures and campuses.
Market Cap
Covered under Amano Corporation parent listing.
Cale America Inc. (Flowbird Group U.S.)
About
Cale America is part of Flowbird; known for curbside pay stations and integrated back office enabling pay-by-plate and multi-channel payments.
Products
Meters/kiosks, pay-by-plate, and management software integrated with Flowbird platforms.
Market Cap
Private via Flowbird Group. Not publicly disclosed.
HUB Parking Technology (FAAC Group)
About
Global PARCS provider under FAAC, serving complex garages and campuses with flexible architectures and strong integration options.
Products
Gates, ticketing, LPR, validations, and cloud monitoring.
Market Cap
Private (FAAC Group). Not publicly disclosed.
IPS Group, Inc.
About
Leader in smart meters and SaaS back office for on-street parking, recognized for cellular-enabled meters and modular payment options.
Products
Single-space and multi-space meters, enforcement apps, analytics, and integrations.
Market Cap
Private. Not publicly disclosed.
TIBA Parking Systems (FAAC Group)
About
Well-known PARCS brand, strong in flexible deployments and integrator networks across North America.
Products
PARCS hardware/software, validations, LPR integrations, and partner APIs.
Market Cap
Private within FAAC Group. Not publicly disclosed.
T2 Systems
About
Software-first platform widely used by universities and municipalities for permits, enforcement, and citation lifecycle management.
Products
Permit management, enforcement suites, mobile LPR, and payment portals.
Market Cap
Private. Not publicly disclosed.
Scheidt & Bachmann
About
German engineering firm with a deep PARCS footprint, focusing on reliability and lifecycle support across large facilities.
Products
Gates, kiosks, LPR, validations, and enterprise back office.
Market Cap
Private. Not publicly disclosed.
Nedap
About
Dutch technology company delivering vehicle identification, ANPR, and access solutions used across high-security sites and structured parking.
Products
ANPR cameras, RFID readers, access controllers, and software.
Market Cap
Public; latest 2025 snapshots place Nedap’s market cap roughly EUR 430–700 million as reported by financial trackers.
FLASH (FlashParking)
About
Software-defined platform for gateless operations, PARCS modernization, reservations, and digital validations, often tied into venue and hospitality ecosystems.
Products
Cloud operating system for parking, LPR, payments, reservations, and partner APIs.
Market Cap
Private. Not publicly disclosed.
Passport
About
Curbside payments and enforcement software provider serving cities with mobile pay, permitting, and data analytics.
Products
Mobile pay parking, digital permits, enforcement, citation management, and curb management analytics.
Market Cap
Private. Not publicly disclosed.
ParkMobile
About
Mobile pay parking and reservations platform serving hundreds of U.S. municipalities, campuses, and venues.
Products
Mobile payments, reservations, event parking, and digital permits.
Market Cap
Private (part of EasyPark Group). Not publicly disclosed.
ParkHub
About
Technology to streamline event and venue parking, digitizing cash lots and enabling faster lane throughput and real-time reconciliation.
Products
Handheld POS, inventory control, analytics, and integrations to venue platforms.
Market Cap
Private. Not publicly disclosed.
ParkAssist
About
Camera-based guidance and wayfinding, often deployed in premium garages to elevate the experience and improve space utilization.
Products
Overhead camera guidance, wayfinding signage, bay-level analytics, and security integrations.
Market Cap
Private. Not publicly disclosed.
SpotHero and ParkWhiz
About
Marketplace platforms for off-street reservations, aggregating garages/lots to drive occupancy and offer dynamic pricing and promotions.
Products
Consumer apps, operator portals, APIs for property management and revenue tools.
Market Cap
Private. Not publicly disclosed.
Parkopedia
About
Global database and API provider offering parking search, availability, and payment embedded in automotive infotainment and mobility apps.
Products
Search/availability APIs, payments, EV charge+park bundling, and data services.
Market Cap
Private. Not publicly disclosed.
JustPark
About
UK-origin platform expanding into North America with a marketplace for space rentals, event parking, and business solutions.
Products
Consumer app, business dashboards, and digital permitting and payment modules.
Market Cap
Private. Not publicly disclosed.
Recent Ecosystem Moves
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Mercedes-Benz Stadium x ParkHub (Feb 2025): Enhancing the fan journey with faster entry, better inventory control, and real-time analytics.
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JustPark x University of Hawai‘i (Jan 2025): Platform expansion into the U.S., signaling rising competition and choice for venue and campus partners.
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FAAC Parking Solutions expansion (Apr 2025): Portfolio emphasis on HUB Parking Technology and TIBA Parking Systems to widen coverage and support.
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Zevtron x Parking Concepts Inc. (Oct 2024): Pairing EV charging with managed parking to create new revenue layers and guest amenities.
Strategic Buying Considerations for 2025–2027
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Total Cost to Modernize: Favor modular upgrades—LPR-first gateless, cloud back office, and mobile payments—over full hardware swaps when possible.
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Data Ownership and Portability: Require explicit data schemas, export rights, and API access to avoid vendor lock-in.
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Enforcement ROI: Model patrol routing, citation cycle times, contest rates, and adjudication workflows; LPR accuracy and uptime are decisive.
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EV Readiness: Align charger density with dwell patterns; unify parking and charging in one account and receipt.
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Accessibility and Equity: Ensure ADA compliance, multi-language UX, cash alternatives where mandated, and transparent pricing policies.
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Security and Privacy: Evaluate ALPR policies, retention schedules, tokenized payments, and compliance with city and state statutes.
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Change Management: Build stakeholder buy-in—public communications, signage, pricing policy roadmaps, and clear grace/appeal rules.
Outlook to 2034
By 2030+, AI-enabled curb orchestration will coordinate passenger pick-ups, deliveries, micromobility, and freight staging in near real time. Parking assets will intensify their role as energy hubs—balancing EV charging, demand response, and on-site generation. Operators and cities that standardize on cloud APIs, interoperable payments, and shared data models will outpace peers on revenue yield, compliance, and customer satisfaction.
Frequently Asked Questions
1. What is driving the U.S. parking management market’s 9.40 percent CAGR through 2034
Growth stems from urban densification, the need to reduce cruising and congestion, rapid adoption of cashless and mobile payments, EV charging integration at facilities, and AI-enabled enforcement and analytics that improve compliance and yield.
2. Which end-users are investing the most in modernization
Municipal and government authorities are the largest buyers due to their control of on-street and public assets. Airports and transit hubs are the fastest-growing as they adopt pre-booking, dynamic pricing, gateless LPR, and integrated EV charging to enhance the traveler experience.
3. Why are cloud and SaaS models winning over on-premise deployments
Cloud platforms offer lower upfront costs, centralized multi-site control, faster updates, and easier integration with mobile apps, payments, and analytics. Some sensitive environments still choose on-premise or hybrid for data sovereignty and policy reasons.
4. How does AI change the operating model for parking operators
AI enables predictive occupancy, dynamic rate setting, optimized enforcement routes, fraud detection, and personalized promotions. It also reduces manual surveys and helps planners reallocate curb lanes for loading, delivery, and micromobility based on demand patterns.
5. How should facilities plan for EV charging within parking operations
Assess dwell times and peak arrival curves, size charging accordingly, and integrate parking and charging transactions under a single account. Use analytics to manage load, participate in demand response where available, and design wayfinding to reduce search time and queuing.
Source : https://www.towardsautomotive.com/insights/us-parking-management-market-sizing
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