Technology-Enabled Parking Solutions: The Future of Parking
By Dhananjaya Bharadwaj Parking has become a major concern in our busy cities as the streets become crowded with more people and cars. According to the World Bank, four billion people live in cities today, accounting for more than half of the world’s population, a figure expected to rise to 70% by 2050 and subsequently drive more parking challenges. Fortunately, the parking industry has come a long way to get ahead of this issue. Initially, Parking 1.0 only offered basic rental spaces. Parking 2.0 then introduced electronic features such as...