Global Smart parking Industry Key Based on Product Type, End-use and Regional Demand
Smart parking market: Smart parking systems can assist in overcoming this issue, resulting in the growth of the global smart parking market . Another factor driving the growth of the smart parking market is the market's increasing attractiveness as the internet of things technology becomes more widely adopted. The ability to handle vehicle parking appropriately with the use of smartphones and the development of infrastructure to support such mobility reduces the amount of time spent in locating a vacant parking slot by the user. Furthermore, some solutions make services easier to provide, such as online payments, parking time notifications, and even car searching functionality for very large parking lots. During the forecast period, the smart parking market is expected to grow at a massive cagr of 20.77%. It is also predicted that the smart parking market revenue will rise to usd 22 billion from 2023 -2030. However, smart parking is mostly used in airports, universities, an