Parking Services Market Surges Past US$ 211.5 Billion Mark

In 2023, the parking services market is projected to be worth US$114.8 billion. The market is anticipated to develop at a compound annual growth rate (CAGR) of 6.3% to reach a worth of US$ 211.5 billion in 2033.

The parking industry’s quick adoption of smart technologies has significantly enhanced service offerings. By the end of 2022, the market for smart parking solutions will make up about 4% of the whole parking services sector.

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