The Smart Parking Systems delivers real-time data that may be used to address these issues and evaluate parking lot avai

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The global smart parking system market is estimated to account for US$ 385.0 Mn in terms of value by the end of 2027.

Smart parking is a parking system that aids drivers in finding safe parking spots. With the aid of integrated software and sensors, available parking space is shown via a sign or symbol. Due to efficient vehicle management, the driver is correctly advised of the free space. This technique detects the presence or absence of automobiles by using several types of sensors as a hardware component in the parking spot. The smart parking System gives real-time data on the availability of neighbouring parking spaces and allows drivers to park in that slot without causing any other vehicles to interfere.

 

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