Smart Parking Market, Global Forecast By Type, & Companies

Globally, Vehicle parking lies at the intersection of mobility management as well as urban space. Over time, there were many generations which have offered numerous opportunities to the users. In recent years, parking generation provides basic automation that allows users to navigate the complete parking life cycle independently, for instance, knowing fee settlement, ticketing, parking, and parking occupancy status. According to Renub Research Analysis, Global Smart Parking Market is expected to grow with double-digit CAGR and reach USD 12.7 billion by 2027.

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