The Rise of Parking Management Market: A $8.1 billion Industry Dominated by Tech Giants - Siemens (Germany) and Amano (Japan)| MarketsandMarkets™
SIEGYSiemens(SIEGY) GlobeNewswire News Room·2024-08-23 22:00

Chicago, Aug. 23, 2024 (GLOBE NEWSWIRE) -- At a CAGR of 7.4%, the Parking Management Market is expected to expand from USD 5.6 billion in 2024 to USD 8.1 billion by 2029, according to a new report by MarketsandMarkets™. The increasing population density in urban areas necessitates the provision of adequate parking facilities. This commenced with the growing number of people who shifted their residences from rural to urban areas, thus increasing demand for adequate parking space since the number of vehicles ...