PARKING SMARTER

Smart Parking Systems; Sensor and Communications Hardware, Software, Services, and Smart City Applications: Global Market Analysis and Forecasts

2Q 2015 (Navigant Research)

“The congestion caused by poorly managed parking supply frustrates drivers, wastes fuel, creates air and noise pollution, and stifles economic activity. Today, the parking industry is being transformed by new technologies…Sensor networks that detect vehicle occupancy are providing the basic intelligence behind smart parking systems…[that] provide real-time parking availability information to make it easier for drivers to find a parking space…[A]doption across cities has been slower than expected. Significant funding from national governments has generally been necessary…Nevertheless, the smart parking sensor and communications industry continues to grow steadily [in cities and at universities, airports, and corporate campuses]…According to Navigant Research, the installed base of sensor-enabled on-street smart parking spaces is expected to surpass 1 million worldwide by 2024…” click here for more

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