Smart Parking Evolution: IoT-Enabled Boom Barriers for Modern Smart Cities
Cities are running out of easy parking space. The United Nations projects that nearly 68% of the world's population will live in cities by 2050. This growth puts constant pressure on vehicle access points, gates, and parking facilities. The global smart parking market reflects this pressure directly. Grand View Research values the smart parking systems market at USD 10.22 billion in 2025, with...
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