Parking Meter Market to Expand at 6.95% of CAGR Owing to Innovative Technologies Adopted By Various Companies
The global parking meter market is largely fragmented due to the presence of large number of players in the market. According the Transparency Market Research (TMR), the players operating in the market are constantly working to provide customized solutions at cost effective prices for their customers. These players are also getting into strategic alliances and collaborations, which will help them in strengthening their reach in global market and penetrate their roots in regional market. The global parking meter market has numerous players, Cale Access AB, METRIC Group Ltd, CivicSmart, Inc., J.J. MacKay Canada Limited, Parkeon S.A.S., LocoMobi Inc, Ventek International, and Worldwide Parking, Inc. to name some of the players working effectively in this market. The author of the report, states that the global parking meter market is expected to reach a valuation of US$ 16.45 bn throughout the forecast period 2017-2025. The market is estimated to grow at a CAGR of 6.95% during the ...