The major market players are Vinci Park, Q-Park, Streetline and National Car Parks (NCP). The growth in parking reservation system is expected to add to the overall growth in the smart parking market.

Zong, Pakistan’s leading technology innovation company, has entered into a strategic partnership with IoT Systems to launch a ...

South American cities are similarly adopting smart parking solutions and focusing on sustainability and public-private partnerships.

Huawei Technologies, a major vendor in China, collaborated with Nedap, a company specializing in vehicle identification and wireless parking systems, to develop NB-IoT-based smart parking sensors ...

Key Benefits of IoT-based Smart Parking System: % Reduction in Time Spent on Searching for Parking Space, Gas Emissions, Distance Travelled and Traffic Volume Innovations in IoT-based Smart Parking to ...

"The NB-IoT technology can simplify the deployment of the smart parking solution and easily consolidate information on several different garages/parking lots into a single platform," said Zhong.

One of Vikram’s most significant innovations is his patented IoT-based smart parking system.

The second application for the technology is what Telia and Norwegian company 7Sense describe as the world's first smart irrigation system based on NB-IoT. The system is designed to monitor and ...

Shen Zhou, an engineer at the IoT business support center of China Unicom Shanghai Branch, told China Daily the NB-IoT smart parking solution would reduce the cost of building and managing the ...