Posted 2/27/2024, 8:45:00 AM
Parking Management Market Set to Reach $9 Billion by 2034 Driven by Urbanization and Smart Parking Tech
- Global parking management market to grow at a CAGR of 7.4% through 2034, reaching $9.1 billion valuation
- Urbanization and rise in vehicle ownership driving demand for parking management solutions
- Smart city initiatives and IoT integration spurring automated parking systems adoption
- Electric vehicle parking facilities with charging stations an opportunity for players
- Leading companies innovating through mobile apps, contactless payments, and unified codes