Consumer Awareness and Technological Developments Add to Growth of Global Smart Parking Systems Market
The global smart parking systems market is a rather complex one, with the major restraint of a lack of space created by the same factor that has boosted the market, growth in vehicle ownership. The smart parking systems market is, however, not showing any signs of relenting and is growing at a CAGR of 20.2% from 2014 to 2020. The market is predicted to reach an overall worth of US$177.10 million by 2020.
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