The smart parking market is projected to grow at a compound annual growth rate (CAGR) of 17.8% from 2023 to 2033. Although the market is estimated to be worth US$ 10.7 billion in 2023, it is expected to reach a market share of US$ 54.8 billion by 2033. A growing number of advanced guided park assist systems …
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Smart Parking Market: Advancements in Technology and Increasing Adoption Drive Global Growth, is expected to record a CAGR of 17.8% by 2033 – Future Market Insights, Inc
smart parking market is likely to register a CAGR of 17.8% between 2023 and 2033. The market is anticipated to cross a market share of US$ 54.8 billion by 2033 while it is valued at US$ 10.7 billion in 2023. Decreasing Parking Spaces along with the Advent of Advanced Guided Park Assist Systems Are Gaining Traction …
Smart Parking Market: Rapid Growth Projected with 17.8% CAGR, Reaching US$ 54.8 Billion by 2033
The Smart Parking Market is poised for remarkable growth, projected to record a robust CAGR of 17.8% during the forecast period. In 2023, the market already commands a substantial share of US$ 10.7 billion, and experts anticipate it will surge to a staggering US$ 54.8 billion by 2033. The research study on the smart parking market demonstrates …