Real-Time Parking System Market The global real-time parking system market is poised for remarkable growth, projected to achieve a compound annual growth rate (CAGR) of 8.9% from 2022 to 2032. Valued at USD 40,523.3 million in 2022, the market is anticipated to surpass USD 96,406.7 million by the end of the forecast period. This substantial …
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Real-Time Parking System Market to Surge with 8.9% CAGR, Projected to Exceed USD 96.4 Billion by 2032 | FMI Reports
The global real-time parking system market is expected to grow at an impressive compound annual growth rate (CAGR) of 8.9% from 2022 to 2032. Valued at USD 40,523.3 million in 2022, the market is projected to surpass USD 96,406.7 million by the end of 2032. This growth is largely driven by increasing traffic congestion, which …
Real-Time Parking System Market Growth Forecasted at 8.9% CAGR, Reaching USD 96.4 Billion by 2032
The global real-time parking system market is projected to grow at a phenomenal CAGR of 8.9% throughout the forecast period from 2022 to 2032. The global market reached a valuation of USD 40,523.3 Million in 2022 and is likely to surpass a valuation of around USD 96,406.7 Million by the end of 2032. The growth of the market is attributed to …
Real-Time Parking System Market Analysis, Trends, Top Manufacturers, Share, Growth, Statistics, Opportunities and Forecast to 2026
Proliferating number of vehicle combined with the escalating traffic has led to a serious issue of parking in urban cities. In the absence of any systematic method or a system, sufficient time and fuel is wasted over parking. As much as more than twenty five percent of the traffic is contributed by vehicles cruising for …