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The Smart Parking market is a subset of the Internet of Things (IoT) and Machine-to-Machine (M2M) industries. It is focused on the development of technologies that enable the efficient management of parking spaces. This includes the use of sensors, cameras, and other connected devices to monitor and control the availability of parking spaces. Smart Parking solutions can also be used to provide real-time information to drivers, such as the location of available parking spots and the cost of parking.
Smart Parking solutions are becoming increasingly popular as cities and businesses look for ways to reduce traffic congestion and improve the efficiency of their parking operations. Additionally, the use of Smart Parking technologies can help reduce the environmental impact of parking by reducing the amount of fuel consumed by drivers searching for parking spots.
Some companies in the Smart Parking market include Parkopedia, ParkMe, ParkWhiz, ParkMobile, and SpotHero. Show Less Read more
