MarketsandMarkets wrote a report on the Parking Management market, provided with insight in trends, revenue forecasts, in-depth analysis and more. The report's titled Parking Management Market by Devices by Solutions & by Services - Worldwide Forecast & Analysis (2014 - 2019).
The global parking management market is expected have an annual growth rate of 11.4% from 2014 to 2019. This means the market will be worth $8630.76 million by 2019.
An increasing number of vehicle owners and parking facilities development over the years, but also a decreasing hardware cost plays a big role in this growth. Parking related problems in traffic lead to a constant and fast development of new solutions, services and products.
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