Parking Management Market To Reach $8,438.4 Million By 2024
“The global parking management market size is expected to reach USD 8,438.4 million by 2024. An increase in the number of vehicles across the world is impelling the demand for an effective system to counter the parking concerns�
The global parking management market size is expected to reach USD 8,438.4 million by 2024 according to a new study by Grand View Research, Inc. The increased public sector funding and constructive government initiatives are presumed to strengthen the global parking management industry growth. The market is anticipated to experience a surge in the demand for parking management solutionsin the commercial and government application segments and is expected to propelthe industry growth. The emergence of smart parking systems helps inefficiently addressing the traffic woes and parking-related issues. The system helps in minimizing fuel usage and consequently reducesautomobile emissions. The industry is expected to gain tractiondue to
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