Advanced Parking Management System Market Size, Share, Growth, Trends and Forecast – 2028
According to a research report “Advanced Parking Management System 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...
The Technological Advancements in Parking Management Market
MarketsandMarkets expects the global parking management market size to grow from USD 3.39 billion in 2018 to USD 5.15 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 8.7% during the forecast period. The major drivers of the parking management market include the the growing focus on seamless traffic flow with fuel consumption reduction, adoption of cloud computing and IoT technologies, increasing...