Parking Management Market to Garner Brimming Revenues by 2023
MarketsandMarkets expects the global Parking Management Market size to grow from USD 3.39 billion in 2018 to USD 5.15 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 8.7% during the forecast period. The major drivers of the parking management market include the the growing focus on seamless traffic flow with fuel consumption reduction, adoption of cloud computing and IoT technologies, increasing vehicular sales, and proliferation of smart phones.
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