During the forecast period, the smart parking market is anticipated to grow at a CAGR of 17.8%. The market is expected to reach a value of US$ 54.8 billion by 2033, up from its current share of US$ 10.7 billion in 2023. The research study on the smart parking market demonstrates how various application areas, …
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Smart Parking Market : Worldwide Analysis & New Business Opportunities Explored By 2029
The global smart parking market is projected to exhibit a CAGR of 18% during the forecast period of 2022 to 2029. The rising trend of autonomous vehicles and the emergence of fully-automated parking systems (APS) are factors creating potential growth opportunities for the smart parking market. According to the report, factors such as lack of parking space, rise …