Cleverciti

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Tech that guides you to the perfect parking spot, every time - Global Spec

Written by: Gordon Feller, Founder of Meeting of the Minds,

How are advanced traffic technologies enabling cities, and city streets, to catch up with 21st century? Cities all over the world are working to harness the power of data in ways that make curbs and streets smarter, safer and greener.

That’s why a growing number of cities are using sensors to help drivers navigate to the best parking space. This is the latest addition to a growing list of more than a dozen types of transactions which occur every day at the average street curb.

How big is the smart-parking marketplace? An Allied Market Research report from last April concludes that the smart-parking sector will reach $12.5 billion by 2027, up from $4 billion in 2020. It's a global trend; of that $12.5 billion, the U.S. will represent $7.8 billion of it. China will contribute $2.2 billion, with the nations of Japan, Canada and Germany behind that.

This article looks closely at one of the leading technology providers for this application: Cleverciti.