Smart parking is an intelligent parking system that assists driver for safe parking. Available space in parking slot is indicted by sign or symbol with the help of embedded software and sensors. The vacant space is notified to the driver correctly due to the proper management of vehicle. In addition, smart parking is adopted by many countries and hence it is becoming one of the most trending smart solutions across various public and private places including airports, universities, shopping centers, and city garages, globally. The features such as ability to easily connect with the parking lots, analyze, and automate data gathered from devices, and make it more fruitful for the market. The off-street parking method that is widely used worldwide is generally categorized into the vehicles that are not parked on the roads.
For the operation of the smart parking, they involve low-cost sensors, real-time data collection, and smart phone enabled automated payment systems. This combination allows people to reserve parking in advance and predicts the location for parking.
Major Key Players of the Smart Parking Market are:Amano Mcgann, Urbiotica, Smart Parking, IEM SA, IPS Group., Klaus Multiparking Systems, Swarco AG, PArklayer, Omnitec group, Dongyang Menics Co. Ltd, Skidata AG, and Mindteck.
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