Top key player in the smart parking industry, providing mobile apps and IoT-based parking solutions that enhance the parking experience, reduce congestion, and improve parking management in urban areas, offering advanced parking services and analytics, assisting drivers in finding available parking spaces efficiently while supporting smart parking management.
*Disclaimer: List of key companies in no particular order
Latest Company Updates:
July 2023
Smart Parking Limited has fully acquired ParkInnovation GmbH (PI) in full. PI, a company created in 2016, is in charge of 46 manually controlled parking lots in Germany. In recent years, ParkInnovation has developed into a reputable business with a desirable portfolio of sites managed in Germany. The second phase of the Smart Parking growth strategy is represented by ParkInnovation, which reinforces our ongoing commitment to expanding into new regions.
February 2023
BMW Group and Valeo have formed a new partnership to advance their long-standing relationship. Following the announcement of their cooperation for the ADAS domain controller, sensors, and software for parking and manoeuvring for BMW's forthcoming platform generation, the "Neue Klasse," they have announced their collaboration for the co-development of fully automated parking technologies up to Level 4.
Level 4 involves fully automated driving and parking, which eliminates the need for driver monitoring.
In an agreement for strategic cooperation, both businesses committed to working together to create a next-generation, high-end parking user experience for patrons of private grounds and parking facilities. All of the functions, from Automated Manoeuvre Assistance to Level 4 Automated Valet Parking, will rely on technology and sensors in the vehicle. To enjoy fully automated parking and charging in equipped public parking facilities and places, infrastructure-based services will also be cooperatively created.
Based on the current automated parking software stack, which was initially introduced in 2021 with the BMW iX, the software features. A strong computing infrastructure hosting the jointly created algorithms will further expand it in the following generation.
Top listed global companies in the industry are:
Smart Parking Market Highlights:
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