NaviParking was mentioned in the recent Navigant Research Executive Summary on Smart Parking Systems as one of the notable startups developing advanced Smart Parking services. The study describes market issues and trends in the field of hardware, software, services, and Smart City applications as well as predicts and analyses the development of the Smart Mobility industry in the near future.
Navigant Research estimates that the global smart parking market will be increasingly driven by software solutions. This growth is anticipated to be generated by both on- and off-street parking demand in North America and Europe as well as an active municipal off-street market in the Asia Pacific. With that growth, the authors expect a burgeoning industry in infrastructure for sensor networks, camera systems connected to computers and overall growth in the capability of IoT and cloud-based systems.