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 re

Incorporating smart technology, such as sensors and cameras, into parking management is not only reducing time spent by drivers searching for a parking spot, it’s also increasing operational efficiency and revenue for parking lot owners. According to Navigant Research, sensor networks that detect vehicle occupancy are what provide the basic intelligence behind smart parking systems. In fact, its recent report found the installed base of sensor-enabled on-street smart parkin