Siliconindia Magazine

Cover Story

Namm Parkiing: Tech Driven Parking Solutions with B2B & B2C Approach

The global smart parking systems market is expected to grow at a compound annual growth rate of 22.1 percent and reach $30.16 billion by 2030. Rapid urbanization in metro cities and growth in the automotive industry has hugely contributed to the growth of this market in India. We have witnessed the emergence of various solution providers in this segment who are collaborating with corporations and residential societies for seamless operations in parking management. However, the increasing traffic and unavailability of parking spaces is a problem for all metro cities currently. Where we can see that in-house parking systems are in place, the parking solutions for on-going traffic cannot be easily found. This challenge is being faced by the public in all metro cities of India and there is...