Smart parking management systems to improve the overall parking experience

If there’s one thing every driver in the world has experienced, it’s the frustration of trying to find a parking space. Drivers waste time, fuel and energy searching for parking, whether it be on city streets or in parking lots. This not only creates extra traffic but also results in increased pollution in the air and enraged drivers on the roads.

Latin America and APAC are projected to drive the smart parking management systems market in the coming years, according to a recent report by Persistence Market Research (PMR). Increased traffic congestion issues in these emerging regions were cited as drivers for this growth.

With the rise of smart cities across the globe, more and more city governments and private parking lot owners are looking to improve the overall parking experience. The use of devices like smart sensors and integration with things like mobile payment are helping to not only reduce driver frustrations, but also improve operational efficiency and increase revenue for lot owners.