The parking management systems market is projected to grow from USD 5.59 billion in 2024 to USD 11.29 billion by 2034, at a CAGR of 7.3%, according to a new report by Polaris Market Research.
Market Introduction
A parking management system (PMS) is a combination of software and hardware that helps manage parking spaces and vehicles. Parking management systems (PMS) are able to help with parking space optimization, parking rule enforcement, payment processing, reporting, access control, real-time data collection, and enhanced user experience.
Parking Management Systems Market Share to Rise at 7.3?GR, To Reach USD 11.29 Billion by 2034 | PMR