Smart Parking System Market To Reach USD 161.0 Billion By 2032 | DataHorizzon Research
Growing traffic and parking issues induce the need for smart parking systems.Fort Collins, Colorado, April 05, 2024 (GLOBE NEWSWIRE) -- The Smart Parking System Market size was valued at USD 29.8 Billion in 2023 and is expected to reach USD 161.0 Billion by 2032 at a CAGR of 20.6%. The rapid pace of urbanization and the consequent increase in population density within urban areas have heightened the strain on existing parking infrastructure. Smart parking systems present a viable solution by opt