For city governments, smart parking represents a direct, short term revenue generating opportunity. It helps generate revenues from valuable parking space which is not monetized. In fact, it is one of a very small number of smart city applications which generates revenue, next to advertising on kiosks and other types of digital signage. Together with smart street lights and smart bins, this represents the “holy trinity” of current smart city applications.
You must be a subscriber to view this ABI Insight.
To find out more about subscribing contact a representative about purchasing options.