diff --git a/cpp/src/arrow/CMakeLists.txt b/cpp/src/arrow/CMakeLists.txt
index 93dd1297b..6b04f7d46 100644
--- a/cpp/src/arrow/CMakeLists.txt
+++ b/cpp/src/arrow/CMakeLists.txt
@@ -581,6 +581,7 @@ add_arrow_lib(arrow
               ${ARROW_SHARED_PRIVATE_LINK_LIBS}
               STATIC_LINK_LIBS
               ${ARROW_STATIC_LINK_LIBS}
+              STATIC_INSTALL_INTERFACE_LIBS
               ${ARROW_STATIC_INSTALL_INTERFACE_LIBS}
               SHARED_INSTALL_INTERFACE_LIBS
               ${ARROW_SHARED_INSTALL_INTERFACE_LIBS})
 
diff --git a/cpp/CMakeLists.txt b/cpp/CMakeLists.txt
index 9e732db80afb..f0c3f30ef3d8 100644
--- a/cpp/CMakeLists.txt
+++ b/cpp/CMakeLists.txt
@@ -822,6 +822,17 @@ if(ARROW_WITH_OPENTELEMETRY)
        opentelemetry-cpp::trace
        opentelemetry-cpp::ostream_span_exporter
        opentelemetry-cpp::otlp_http_exporter)
+  if(opentelemetry_SOURCE STREQUAL "SYSTEM")
+    list(APPEND
+         ARROW_STATIC_INSTALL_INTERFACE_LIBS
+         opentelemetry-cpp::trace
+         opentelemetry-cpp::ostream_span_exporter
+         opentelemetry-cpp::otlp_http_exporter)
+  endif()
+  if(Protobuf_SOURCE STREQUAL "SYSTEM")
+    list(APPEND ARROW_STATIC_INSTALL_INTERFACE_LIBS ${ARROW_PROTOBUF_LIBPROTOBUF})
+  endif()
+  list(APPEND ARROW_STATIC_INSTALL_INTERFACE_LIBS CURL::libcurl)
 endif()
 
 if(ARROW_WITH_UTF8PROC)
diff --git a/cpp/cmake_modules/ThirdpartyToolchain.cmake b/cpp/cmake_modules/ThirdpartyToolchain.cmake
index ad8351f9cc6e..5c1dd9d34d12 100644
--- a/cpp/cmake_modules/ThirdpartyToolchain.cmake
+++ b/cpp/cmake_modules/ThirdpartyToolchain.cmake
@@ -1083,6 +1083,7 @@ endif()
 macro(find_curl)
   if(NOT TARGET CURL::libcurl)
     find_package(CURL REQUIRED)
+    list(APPEND ARROW_SYSTEM_DEPENDENCIES CURL)
     if(NOT TARGET CURL::libcurl)
       # For CMake 3.11 or older
       add_library(CURL::libcurl UNKNOWN IMPORTED)
@@ -4540,11 +4541,11 @@ macro(build_opentelemetry)
 
   foreach(_OPENTELEMETRY_LIB ${_OPENTELEMETRY_LIBS})
     add_dependencies(opentelemetry-cpp::${_OPENTELEMETRY_LIB} opentelemetry_ep)
+    list(APPEND ARROW_BUNDLED_STATIC_LIBS opentelemetry-cpp::${_OPENTELEMETRY_LIB})
   endforeach()
 
   # Work around https://gitlab.kitware.com/cmake/cmake/issues/15052
   file(MAKE_DIRECTORY ${OPENTELEMETRY_INCLUDE_DIR})
-
 endmacro()
 
 if(ARROW_WITH_OPENTELEMETRY)
diff --git a/cpp/examples/parquet/parquet_arrow/CMakeLists.txt b/cpp/examples/parquet/parquet_arrow/CMakeLists.txt
index 32f980060c95..c89751731575 100644
--- a/cpp/examples/parquet/parquet_arrow/CMakeLists.txt
+++ b/cpp/examples/parquet/parquet_arrow/CMakeLists.txt
@@ -24,7 +24,7 @@ include(ExternalProject)
 include(FindPkgConfig)
 include(GNUInstallDirs)
 
-set(CMAKE_MODULE_PATH ${CMAKE_MODULE_PATH} "${CMAKE_SOURCE_DIR}/cmake_modules")
+option(PARQUET_LINK_SHARED "Link to the Parquet shared library" ON)
 
 # This ensures that things like gnu++11 get passed correctly
 if(NOT DEFINED CMAKE_CXX_STANDARD)
@@ -39,4 +39,8 @@ find_package(Arrow REQUIRED)
 find_package(Parquet REQUIRED)
 
 add_executable(parquet-arrow-example reader_writer.cc)
-target_link_libraries(parquet-arrow-example parquet_shared arrow_shared)
+if(PARQUET_LINK_SHARED)
+  target_link_libraries(parquet-arrow-example parquet_shared)
+else()
+  target_link_libraries(parquet-arrow-example parquet_static)
+endif()
diff --git a/cpp/src/parquet/CMakeLists.txt b/cpp/src/parquet/CMakeLists.txt
index 542fa5bc083b..caed26173428 100644
--- a/cpp/src/parquet/CMakeLists.txt
+++ b/cpp/src/parquet/CMakeLists.txt
@@ -106,9 +106,11 @@ endfunction()
 
 if(ARROW_BUILD_STATIC)
   set(PARQUET_STATIC_LINK_LIBS arrow_static ${ARROW_STATIC_LINK_LIBS})
+  set(PARQUET_STATIC_INTERFACE_INSTALL_LIBS arrow_static)
   set(ARROW_LIBRARIES_FOR_STATIC_TESTS arrow_testing_static arrow_static
                                        ${ARROW_STATIC_LINK_LIBS})
 else()
+  set(PARQUET_STATIC_INTERFACE_INSTALL_LIBS)
   set(ARROW_LIBRARIES_FOR_STATIC_TESTS arrow_testing_shared arrow_shared)
 endif()
 
@@ -218,8 +220,9 @@ if(NOT PARQUET_MINIMAL_DEPENDENCY)
 
   # Link publicly with parquet_static (because internal users need to
   # transitively link all dependencies)
-  set(PARQUET_STATIC_LINK_LIBS ${PARQUET_STATIC_LINK_LIBS} thrift::thrift)
-endif(NOT PARQUET_MINIMAL_DEPENDENCY)
+  list(APPEND PARQUET_STATIC_LINK_LIBS thrift::thrift)
+  list(APPEND PARQUET_STATIC_INTERFACE_INSTALL_LIBS thrift::thrift)
+endif()
 
 if(CXX_LINKER_SUPPORTS_VERSION_SCRIPT)
   set(PARQUET_SHARED_LINK_FLAGS
@@ -243,8 +246,12 @@ add_arrow_lib(parquet
               ${PARQUET_SHARED_LINK_LIBS}
               SHARED_PRIVATE_LINK_LIBS
               ${PARQUET_SHARED_PRIVATE_LINK_LIBS}
+              SHARED_INSTALL_INTERFACE_LIBS
+              arrow_shared
               STATIC_LINK_LIBS
-              ${PARQUET_STATIC_LINK_LIBS})
+              ${PARQUET_STATIC_LINK_LIBS}
+              STATIC_INSTALL_INTERFACE_LIBS
+              ${PARQUET_STATIC_INTERFACE_INSTALL_LIBS})
 
 if(WIN32 AND NOT (ARROW_TEST_LINKAGE STREQUAL "static"))
   add_library(parquet_test_support STATIC