Smart Parking in India

Smart Parking in India

A smart parking solution is a mesh of offerings that include platforms, sensors, camera algorithms, gateways, and cloud processing. Its interface provides parking space availability and mobile payment information to customers while also playing an administrative role in generating insights for parking vendors and providing real-time feed for city management. "The manifold increase in the number of private vehicles in India is pressuring existing parking spaces. In its mission to build Smart Cities, the government of India, in conjunction with state governments, is focusing on addressing parking issues," says Rishu Sharma, research manager on cloud and artificial intelligence, IDC India. "Some states/cities have already progressed on their journey to curb the traffic congestion through smart parking. The widespread adoption is, however, a far cry from reality," she adds.

Please Note: Extended description available upon request.

Executive Snapshot
New Market Developments and Dynamics
Background and Drivers
Why Smart Parking?
Bhubaneswar, Kanpur, and Nashik
Ecosystem Players
Technical Considerations
Advice for the Technology Supplier
Learn More
Related Research

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings