16/10/21 The parking management systems market size is estimated to grow from USD 3.03 billion in 2016 to USD 5.00 billion by 2021, at an estimated CAGR of 10.6%. The parking management systems market is driven by factors such as the need to reduce traffic congestion and vehicular pollution, concerns regarding safety, security, and connectivity among travelers, and heavy production of vehicles throughout the world. Whereas, high implementation cost constraints and lack of system integration limit the gro