Parking problems are not uncommon, especially for big cities. By 2023, market spending for smart parking products and services is expected to grow at a CAGR of 14% and surpass $3.8B according to an IoT Analytics report. The growth of market spending is good news because it will force people to try to find a solution to these traffic problems instead of taking no action.
The problem is quite obvious. But a bigger question is what can technology do to solve it?
IPS can help you to find out what's the best solution for you.