South Korea Parking Management Market Overview, 2030

South Korea’s parking management market is characterized by rapid urbanization, high vehicle ownership, and a strong emphasis on technological innovation and smart city initiatives. Major cities such as Seoul, Busan, and Incheon face intense traffic congestion and limited urban space, driving demand for automated, digital, and IoT-enabled parking solutions. Parking guidance systems utilizing real-time occupancy sensors and mobile apps help drivers locate available spaces efficiently, reducing congestion and improving urban mobility. Parking reservation management solutions are increasingly deployed in commercial complexes, airports, and shopping malls, enabling pre-booking and cashless payment, reflecting the country’s tech-savvy consumer base. Parking permit management has shifted toward automated digital systems in residential complexes and municipal zones, utilizing license plate recognition (LPR) and smartphone-based validation to streamline operations and compliance. Parking enforcement management employs ANPR cameras, mobile enforcement units, and dynamic pricing models to regulate on-street parking effectively, especially in congested downtown areas. Parking access and revenue control systems (PARCS) integrate automated barriers, contactless payment systems, and centralized monitoring, ensuring efficiency and transparency in revenue collection. Security and surveillance solutions incorporate AI-based video monitoring, remote monitoring, and emergency response integration to maintain safety in high-density areas. Additionally, innovative solutions such as robotic multi-level parking systems, EV-ready parking infrastructure, and MaaS integration are emerging, aligned with South Korea’s focus on sustainable mobility and smart city development. The market benefits from strong government policies promoting smart urban infrastructure, EV adoption, and digitalization, positioning South Korea as one of the most technologically advanced and forward-looking parking management markets in Asia.

According to the research report, ""South Korea Parking Management Market Overview, 2030,"" published by Bonafide Research, the South Korea Parking Management market is anticipated to add to more than USD 60 Million by 2025–30. South Korea’s parking management market is characterized by a competitive ecosystem comprising domestic technology providers, international solution vendors, and regional operators, all focusing on innovative, technology-driven solutions to address urban congestion and optimize limited parking spaces. Key domestic players include companies specializing in automated and robotic parking systems, IoT-enabled occupancy monitoring, and AI-based guidance platforms, while international vendors contribute advanced hardware, cloud-based management platforms, and digital payment solutions. Public-private partnerships (PPPs) between municipal authorities and private operators have accelerated the deployment of smart parking infrastructure in cities like Seoul, Busan, and Incheon, creating opportunities for operators to integrate hardware, software, and services for end-to-end solutions. Competition is increasingly driven by technological differentiation, with providers emphasizing automated multi-level parking systems, AI-based predictive analytics, real-time occupancy tracking, dynamic pricing, and digital enforcement solutions. Innovation trends include IoT-enabled sensors, which monitor real-time occupancy and traffic flow, and integration with mobile applications to facilitate reservations, cashless payments, and seamless user experiences. EV-ready parking infrastructure is a significant innovation area, driven by government policies promoting electric vehicles and green mobility initiatives. Additionally, South Korea has seen the development of hybrid and multi-use parking facilities, which combine residential, commercial, and logistics functions to maximize land efficiency. The market is also witnessing the application of cloud-based analytics, big data, and AI for predictive demand forecasting, congestion management, and operational optimization.
South Korea’s parking management market offers a comprehensive range of solutions tailored to urban density, regulatory frameworks, and technology-driven mobility initiatives. Parking guidance systems leverage IoT-enabled sensors, AI-based predictive analytics, and mobile applications to provide real-time information on available parking spaces, reducing congestion in metropolitan areas such as Seoul, Busan, and Incheon. Parking reservation management solutions are increasingly deployed in commercial complexes, airports, and entertainment hubs, enabling pre-booking of slots via apps and digital kiosks, enhancing convenience for users while optimizing facility utilization. Parking permit management has shifted toward automated digital systems in residential complexes, municipal zones, and corporate campuses, using license plate recognition and mobile verification to minimize manual oversight and ensure regulatory compliance. Parking enforcement management integrates ANPR cameras, digital ticketing, and mobile enforcement units to regulate on-street and off-street parking efficiently, supporting municipal revenue collection and adherence to local policies. Parking access and revenue control systems (PARCS) combine automated barriers, cashless payment systems, and centralized management platforms, streamlining operations, improving transparency, and enhancing user experience. Parking security and surveillance solutions incorporate CCTV networks, AI-based threat detection, and remote monitoring to safeguard vehicles and infrastructure. Additionally, other innovative solutions such as robotic multi-level parking systems, EV-ready infrastructure, and MaaS-integrated platforms are being deployed to maximize land use, accommodate growing EV adoption, and align with South Korea’s Smart City initiatives.

The services segment in South Korea’s parking management market plays a pivotal role in ensuring the successful deployment, operation, and optimization of modern parking infrastructure across urban centers. Professional services include feasibility studies, site assessments, design consultancy, and customized planning for multi-level, automated, and robotic parking systems, ensuring compliance with municipal regulations and alignment with smart city initiatives in Seoul, Busan, and Incheon. These services also focus on optimizing land use in densely populated urban areas where space constraints are critical. System integration and deployment services connect diverse hardware and software components, including IoT-enabled occupancy sensors, AI-based guidance systems, ANPR enforcement, mobile payment platforms, and centralized revenue management, into seamless, efficient solutions. This integration is essential for commercial complexes, residential zones, and municipal parking lots, where smooth operation directly impacts user convenience and revenue collection. Support and maintenance services have evolved toward predictive and preventive models, leveraging real-time monitoring, IoT analytics, and AI-driven diagnostics to minimize downtime, maintain system performance, and ensure safety compliance. Managed services allow municipalities and private operators to outsource daily parking operations, including monitoring, enforcement, revenue collection, and security, under performance-based agreements, enhancing operational efficiency and accountability. Consulting and training services provide skill development for personnel in operating advanced technologies, regulatory compliance, EV infrastructure management, and integration with smart city platforms. These services facilitate end-to-end lifecycle management, operational reliability, technological integration, and regulatory adherence, enabling South Korea’s parking management ecosystem to deliver efficient, user-centric, and sustainable solutions that address urban congestion, growing vehicle density, and evolving mobility needs.

The South Korea parking management market serves a diverse range of end-users, each with distinct requirements shaped by urban density, regulatory frameworks, and technological adoption. In the residential segment, high-rise apartments, gated communities, and mixed-use townships in cities like Seoul, Busan, and Incheon are increasingly deploying automated access control, digital permit management, and EV-ready parking infrastructure, providing residents with convenience, security, and compliance with municipal regulations. The commercial sector, which includes office complexes, IT parks, industrial facilities, and corporate campuses, relies heavily on app-based parking reservations, occupancy management systems, automated revenue collection, and cashless payment integration to enhance operational efficiency, improve employee and visitor experience, and maximize space utilization. Municipal authorities manage both on-street and off-street parking in densely populated urban areas, using ANPR-based enforcement, dynamic pricing, real-time occupancy monitoring, and predictive analytics to regulate traffic, improve compliance, and optimize revenue collection. The retail and hospitality segment, encompassing malls, hotels, entertainment hubs, and tourist destinations, adopts mobile-based reservation systems, AI-guided parking, surveillance solutions, and loyalty-linked incentives to handle high footfall, seasonal peaks, and customer convenience. Across all end-user segments, emerging trends include integration with EV infrastructure, multi-level and robotic parking systems, IoT-enabled monitoring, and MaaS connectivity, reflecting South Korea’s commitment to smart city initiatives and sustainable urban mobility. Collectively, these end-user segments illustrate a market that prioritizes technology-driven efficiency, regulatory adherence, user-centric design, and sustainable solutions, positioning South Korea as one of the most advanced and innovative markets for parking management in Asia.

South Korea’s parking management market encompasses diverse parking site solutions designed to meet urban density, mobility demands, and technological advancements. On-street parking in cities like Seoul, Busan, and Incheon integrates smart meters, IoT-enabled occupancy sensors, and ANPR-based enforcement to monitor real-time availability, optimize curb usage, and enhance municipal revenue collection. Dynamic pricing models are increasingly applied to regulate demand during peak hours and high-traffic zones, while mobile applications allow users to locate and pay for parking seamlessly, reflecting a shift toward digital and contactless systems. Off-street parking includes multi-level garages, underground lots, park-and-ride facilities, and dedicated EV parking hubs, combining automated guidance, access control, and revenue management systems to maximize space utilization in constrained urban areas. Automated and robotic parking solutions are deployed in both residential and commercial complexes to increase capacity without requiring additional land. Hybrid and multi-use parking facilities, which serve residential, commercial, and logistics needs simultaneously, are emerging as a solution to optimize urban space in dense districts and smart city zones. Furthermore, the integration of EV charging infrastructure, mobile reservations, AI-based predictive occupancy analytics, and MaaS connectivity ensures that off-street facilities meet evolving mobility requirements and sustainability goals. Security and surveillance technologies, including CCTV, AI-based threat detection, and remote monitoring, are embedded across both on-street and off-street sites to ensure safety and regulatory compliance.


Considered in this report
• Historic Year: 2019
• Base year: 2024
• Estimated year: 2025
• Forecast year: 2030

Aspects covered in this report
• Parking Management Market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Solutions
• Parking Guidance
• Parking Reservation Management
• Parking Permit Management
• Parking Enforcement Management
• Parking Access and Revenue Control System
• Parking Security and Surveillance
• Other Solutions

By Services
• Professional Service
• System Integration and Deployment
• Support and Maintenance
• Managed Services
• Consulting and Training

By End-User
• Residential
• Commercial
• Municipal
• Retail/Hospitality

By Parking Site
• Off-Street Parking
• On-Street Parking Show more