Automotive and Transportation Smart Parking Systems Market Insight 2024 | Page 2

Smart Parking Systems Market
Smart parking systems help the vehicle user to
find the nearest parking space and provides
information on the availability of parking slots in
the parking area. The smart parking systems
market includes sensors, real-time data and
smart-phone-enabled automated payment
systems that allow the users to reserve parking
slot in advance. The systems identify the exact
state of a parking space, if vacant or occupied,
and examines and transmits information to
various sources, which include mobile
applications, signage and web-based
applications.