Smart Parking Systems are, Well, Smart

Global Revenue from Smart Parking Systems Expected to 
Total $1.5 Billion from 2015 to 2024

A report from Navigant Research analyzes the evolution of smart parking technology and the smart parking systems market, including global market forecasts for smart parking systems hardware, software, and services through 2024.

The parking industry is being revolutionized by new technologies that enable cities to reduce levels of traffic congestion, conserve fuel, and lessen air and noise pollution levels. Sensor networks that can detect vehicle occupancy are enabling smart parking systems, which give drivers real-time availability information that makes it easier to find a parking space. Click to tweet: According to a recent report from Navigant Research, global revenue for smart parking systems is expected to total $1.5 billion from 2015 to 2024.

For the full report, click here.