whatech – excerpt
Smart parking system provides real-time information about the availability of parking space in a particular location, thereby enabling hassle-free vehicle parking while saving on time, cost, and fuel. It consists of low-cost sensors, real-time data collection and analytics, and automated payment systems that allow people to find parking in desired locations and pay for it in advance. the global smart parking systems market is expected to reach a value of US$ 177.10 Mn by 2022. The market is estimated to grow at a CAGR of 20.2% during the forecast period from 2015 to 2022… (more)
This is the corporatization and creation of a new brand of industries that will charge us for everything that used to be free. Of course if the self-parking cars become a reality, it could be a short-lived industry. Who cars when it is all a hoax anyway, created scarcity aided by fear.