B
Evidence Grade B
Graded
accuracy verified by the review judge
Safe to Cite
Recent
20%
20% -- market growth rate for global smart parking market (2025)
The parking market is expected to grow at a CAGR of 20% reaching around $43 billion by 2025.
Attribution:
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Lighthouse Research Team
Last verified:
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Source verified
Evidence graded
Value
20%
Unit
Percentage
Data Vintage
2025
Entity
Evidence Quality
B
Strong, reliable evidence
Sourced from a well-regarded research firm or industry leader with transparent methodology and a reasonably large sample.
Single source - not yet corroborated
Score breakdown
Extraction
50
Source Trust
60
Citation Chain
20
Independence
30
Methodology
45
Freshness
95
Source
deorwine.com
Primary
Tier C
https://deorwine.com/blog/smart-parking-finder-app-tips-features/ ↗
Source Article
A Step-by-Step Guide to Creating Your Own Parking App Deorwine Infotech
- Electric Vehicle Charging Service App Development Cost & Features
- Parking Finder App Development Tips
- Revenue Model of Smart Parking Finder App Business
- How Smart Parking Finder App Works?
- Best Car Parking Space Finder App
- Validate your idea and get a free quote.
- Parking Finder App Fea…
Original Research
deorwine.com
· Original study ↗
Methodology
CAGR cited without named source
Methodology documented
Segmentation
Industrymarketing
Cite this stat
Plain Text
global smart parking market: 20% market growth rate. Source: deorwine.com (2025). Via Lighthouse Intelligence -- https://lighthousedata.io/data/smart-parking-cagr-20
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<blockquote cite="https://lighthousedata.io/data/smart-parking-cagr-20" style="border-left:3px solid #2563eb;padding:12px 16px;margin:16px 0;font-family:system-ui,sans-serif;background:#f0f4ff;"><strong>20%</strong> -- market growth rate for global smart parking market<br><small>Source: deorwine.com (2025) · <a href="https://lighthousedata.io/data/smart-parking-cagr-20" target="_blank" rel="noopener">Lighthouse Intelligence</a></small></blockquote>
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