United States Smart Parking Market Report 2035

According to a research report published by Spherical Insights & Consulting, the United States smart parking market size is anticipated to reach USD 25.3 billion by 2035, growing at a CAGR of 22.1% from 2025 to 2035. The United States smart parking market is driven by the increasing adoption of smart city initiatives, rising urbanization, growing vehicle ownership, and the demand for efficient parking management systems to reduce traffic congestion and improve urban mobility.