The invention discloses a parking space management system which includes an intelligent terminal device, a cloud management and information release platform, a parking lot management system, a wireless repeater, and a parking space lock. The intelligent terminal device includes a microcomputer module, a positioning module, a network access module, a reservation module, a shared parking space module, and a payment module. After connected to the Internet, the intelligent terminal device can lock, unlock, reserve and share a parking space through intelligent parking space management software installed in a mobile terminal. The parking space lock is connected with the wireless repeater and the intelligent terminal device through a wireless short-distance module. Through cooperation of the parking space lock, the wireless repeater, the parking lot management and charging system, the cloud management and information release platform and the intelligent terminal device, such functions as remote parking lot unoccupied parking space real-time information query, parking space reserving and locking, parking-free driving-in/out, electronic payment, parking space navigation, parking space sharing, and reverse car tracking are achieved.