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...