Smart Parking to Enable Intelligent Mobility in Global Mega Cities
The parking industry in Europe and North America is rapidly innovating and evolving into an industry even smarter than ever before. In addition to adoption of high-end automation solutions and software for parking reservations and payments, it is being increasingly integrated with other mobility solutions as well. The parking industry in these regions uses adapted technologies from the communications and IT industry. Trends like migration to intelligent parking systems, rapid progression of wireless technologies, 2G, 3G, 4G, and Big Data analytics, and evolution of contactless near-field communication and other payment methodologies are expected to become commonplace in the parking industry.
About this report
The insight analyses smart parking systems and their influence on the parking industry through technology-enabled parking solutions. It describes the ecosystem and market size for smart parking in Europe and North America, and analyzes the strategies of major parking operators, and parking app, infrastructure, and parking management companies. It also evaluates the link between parking and automotive industries, while highlighting investment and strategic partnerships. The study also discusses challenges in parking management and how the industry is working with city councils, governments, and infrastructure providers to deliver best services.
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