SMART PARKING MARKET TO SURGE WITH A 17.8% CAGR, PROJECTED TO REACH USD 54.8 BILLION BY 2033

  The smart parking market is projected to grow at a compound annual growth rate (CAGR) of 17.8% from 2023 to 2033. Although the market is estimated to be worth US$ 10.7 billion in 2023, it is expected to reach a market share of US$ 54.8 billion by 2033. A growing number of advanced guided park assist systems are being introduced, and