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New report examines the parking management solution market that is expected to stood at US$285.85 billion in 2017

Automotive and Transportation Market Research

Parking management solution are a set of hardware designed and manufactured to manage parking space in a particular location wise.


Parking management solution Make an Inquiry about this news are a set of hardware designed and manufactured to manage parking space in a particular location. It consists of monochrome displays, LED light indicators, solar panel/battery, RFID tags, sensors, automated payment systems and centralized data management system that allow people to find parking in desired locations.

The demand for parking management solution market is expected to increase in the coming years owing to rapid increase in automobile usage and increasing adoption for smart city projects across world. Thus, the need for parking management solution is expected to become prominent among government/transportation and private agencies for the smooth running of traffic across streets during the forecast period 2017-2025.