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This study offers strategic insights into the technologies and trends affecting the smart parking market. Digital technologies, such as IoT, 5G, and blockchain, have helped consumers locate parking lots through cell phones and vehicle infotainment systems. Image processing, RFID, and ground sensors have simplified the parking monitoring process with less labor dependency.

Frost & Sullivan provides insights on strategies for different types of smart parking systems and their working methods. The research team conducted case studies on market participants, highlighting technology trends. The study also provides information on the advantages of different smart parking systems and how parking operators will benefit by implementing effective smart systems in their lots. The study is global and includes North America; Latin America; Europe; and Asia-Pacific (APAC), excluding China.