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2026-08-12 07:29:09 -

Traffic Congestion Gives Smart Parking a Bigger Role in Urban Planning

The parking management market is becoming an increasingly important part of modern urban mobility as cities face congestion, limited parking availability, environmental pressures, and growing expectations for convenient digital services. The market was valued at USD 5.1 billion in 2025 and is projected to grow from USD 5.5 billion in 2026 to USD 16.7 billion by 2033, advancing at a CAGR of...

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