Today’s parking lot has moved far beyond simply parking cars.

Did you know the installed base of global on-street smart parking spaces is expected to reach 1.1 million by 2026? According to a new survey by The International Parking Institute (IPI), technology continues to transform the ever-evolving parking lot industry. That’s right, the largest emerging trend in parking lots today relates directly to technology, known as smart parking. No single technology offers a complete solution for everything. We’re seeing a combination of different technologies being utilized by city officials and parking operators designed to help transform parking into a more efficient, profitable, and sustainable industry.