Smart Cities - Parking Parking habits are changing
A 2018 Deloitte report found that parking in the US generated ~$30B annually, while the average driver spent ~17 hours per year looking for it. In a city like New York? 107 hours.
But Deloitte also predicted a shift in parking habits thanks to ride-sharing, e-bikes and e-scooters, and autonomous vehicles.
To keep up, parking operators will need technology...
… to improve the customer experience and stay versatile.
Example: Get My Parking, a Platform as a Service (PaaS) startup, recently announced $6m in funding to help digitize the parking industry, which includes things like:
- Apps that let drivers find and pre-book parking
- Ticketless entry and exit
- Automated, cash-free payments
- Digital loyalty and subscription programs
- Integration with other services, like EV charging stations
Source: Canaccord "morning coffee" note