Day: May 1, 2019

How Will Technology Affect Parking Industry

We can all agree that the worst part of driving is finding a parking spot and that is always an unpleasant and frustrating moment, especially if you are living in a major city.

The future will bring us innovations when it comes to parking, and we will use apps and smart technology along the way.

It does not matter if it involves circling the block, rushing to safely find a spot, hunting for curbside opening and other drivers that are searching for the spot as well. It is something that you have to deal with as a driver.

However, technology allowed us to handle daily activities with additional convenience, which means that today you can order through app wherever you are, use hailing services through mobile devices and check real-time traffic.

The main problem is that parking was the last advancement that software makers implemented and it is still the worst element that hasn’t improved as much in the previous few decades.

Services such as Valet Software Services will provide you perfect parking experience, and that will become part of modern life. If we consider Iota or the internet of things, we have more and more appliances and gadgets that can connect with your mobile devices.

These apps will help you improve parking perception and developing overall visibility. At the same time, after autonomous vehicle enters the general population that will dramatically affect demand and type of parking locations and infrastructure.

In most cases, technology shifts when it comes to parking will provide you an ability to handle this frustrating aspect of driving with ease.

What Is Going On Nowadays

The parking market in the USA is relatively consolidated and stable. According to statistics, it generates approximately 30 billion dollars on an annual basis.

You can choose both private and public owned parking operators that will provide you the necessary technology and staff so that you can protect your vehicle wherever you are.

These locations can vary by location, real estate type, fee type, and other factors. However, even though the market is relatively stable, it still has some underlying and persistent challenges.

The main problem is the lack of transparency when it comes to pricing and availability, which creates considerable economic costs and consumer frustration.

According to other statistical data, average Americans spend 17 hours a year searching for parking, which is a significant cost when it comes to emissions, fuel and wasted time.

If you live in a significant area, the costs can skyrocket. For businesses, on the other hand, pricing rates and policies can affect the number of customers and visitors negatively.

At the same time, private parking operators can see how technological solutions are advancing, and most apps can help you pay and find parking in the area you are so that you can accommodate your business needs.

You should check here to learn everything about parking.

Technology Will Change Parking Industry

Parking is profoundly affected by numerous factors such as patterns on how goods and …