Parking Management Market Forecast to Hit $8.1 Billion by 2029
The parking management market, valued at USD 5.6 billion in 2024, is anticipated to reach USD 8.1 billion by 2029, growing at a 7.4% CAGR.
The increasing population density in urban areas necessitates the provision of adequate parking facilities. This commenced with the growing number of people who shifted their residences from rural to urban areas, thus increasing demand for adequate parking space...
Parking Management Market In-Depth Analysis with Booming Trends Supporting Growth and Forecast -2028
According to a research report “Parking Management Market by Offering (Solutions (Parking Guidance, Parking Reservation Management) and Services (Professional Services and Managed Services)), Parking Site (Off-Street and On-Street), Application and Region – Global Forecast to 2028″ published by MarketsandMarkets, the parking management market is estimated at USD 4.4 billion in 2023...