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Report overview
The global On-Street Parking Reservation System market size was valued at US$ 312.7 million in 2024 and is projected to reach US$ 512.4 million by 2030, at a CAGR of 8.6% during the forecast period 2024-2030.
The United States On-Street Parking Reservation System market size was valued at US$ 87.3 million in 2024 and is projected to reach US$ 138.5 million by 2030, at a CAGR of 8.0% during the forecast period 2024-2030.
On-Street Parking Reservation Systems are digital platforms that allow drivers to find, reserve, and pay for on-street parking spaces in advance, typically through mobile applications or web interfaces, aiming to reduce traffic congestion and improve urban parking efficiency.
The global On-Street Parking Reservation System market is growing rapidly, driven by increasing urbanization, smart city initiatives, and the need to optimize parking resources in congested urban areas. In 2023, the number of on-street parking spaces managed by reservation systems reached 2.5 million globally, with Europe accounting for 40% of the installed base. The market saw a 25% increase in cities adopting these systems in 2023.
North America leads in technology adoption with a 35% market share, while Asia Pacific is the fastest-growing region at 12% CAGR. Mobile app-based reservations dominate with an 80% share of transactions. The industry is focusing on integrating AI and IoT technologies, with a 30% growth in R&D investments for predictive parking availability and dynamic pricing models.
The market is also witnessing a trend towards interoperability with other urban mobility solutions, such as public transit and bike-sharing systems, growing at 15% annually.
Report Overview
Parking reservation system provides information about parking availability for both drivers and parking providers in a certain area through continuous monitoring.
This report provides a deep insight into the global On-Street Parking Reservation System market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global On-Street Parking Reservation System Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the On-Street Parking Reservation System market in any manner.
Global On-Street Parking Reservation System Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
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