Smart parking market is defined as a consolidation of several information and
communication technology systems which includes numerous electronic devices such as
LCD displays, sensors (image, ultrasonic, radar), electronic control unit, and others. It
also includes software platforms such as smartphone applications and vehicle on board
navigation software systems which interacts with hardware platforms such as vehicle on
board sensors and electronic devices, to integrate a system that helps drivers in finding
a vacant spot for parking a vehicle and also guides the infrastructure outside the
vehicles with parking solutions.