Technology-related innovations account for half of the top ten trends in the $30 billion parking industry. The single most important trend in parking today is the technological revolution
that is driving the industry, according to the International Parking Institute.
In fact, three of the top five trends identified in a study focus on technology, including cashless or electronic payment, technologies to improve access control and payment automation, or increased real-time communication of pricing and availability by mobile phone or similar devices.
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