Smart parking & mobility solutions | Market landscape & M&A update

Smart parking is evolving into a digital mobility platform

Software, data and integrated mobility solutions are reshaping the European smart parking market – while driving increasing M&A activity.

Smart parking is increasingly evolving from a traditional infrastructure segment into an integral part of digital mobility ecosystems. Historically centered around gates, ticketing systems, meters and enforcement solutions, the market is shifting towards software, data and automation. Integrated platforms combine real-time occupancy data with navigation, reservations and payments, while dynamic pricing and recurring software and service revenues are gaining importance compared with one-off hardware projects.

The growth potential is significant. Based on the market data referenced in the report, the European smart parking market is expected to grow from approximately US$2.5 billion in 2024 to US$12.9 billion by 2033, representing an annual growth rate of around 20%. Key drivers include smart city programs, increasing urbanization, the integration of EV charging and growing demand for scalable, cloud-based real-time solutions.

At the same time, parking is becoming increasingly relevant to modern urban mobility strategies. Parking management can influence traffic flows, land use and modal split. Its growing integration with EV charging, shared mobility, city logistics and park-and-ride concepts is moving the sector towards a broader role within integrated urban mobility.

This transformation is also reflected in M&A activity. The number of smart parking transactions captured in the report increased from 13 deals in 2021 to 20 in 2025, representing growth of approximately 54%. Key M&A drivers include platform consolidation, the acquisition of AI, computer vision and ANPR capabilities, and increasing convergence between parking, access control, tolling, transit and EV charging.

The market is attracting a broad range of investors. Infrastructure funds and long-term capital are targeting parking platforms for their stable, inflation-linked cash flows, while strategic buyers and private equity investors continue to consolidate the sector through technology-driven acquisitions. With several live and pre-launch processes underway, Oaklins expects transaction activity to remain robust through 2027.

In our “Smart parking & mobility solutions | Market landscape & M&A update,” we provide an overview of key market trends, growth drivers, M&A dynamics and selected transactions shaping the European smart parking market.

We hope you find this report insightful and look forward to further discussions with you.