Eminent market players in the world smart parking systems market are Streetline, Inc., Nedap, N.V., Amano McGann, and Smart Parking Ltd., in accordance with a new publication by Transparency Market Research. These market players presently account for the most coverage and service and distribution strength across the globe, and it is complemented by a diverse portfolio of services, products, and marketing strategies.

As observed by the TMR analyst, there is a need for a sustainable transportation policy is extremely high in today’s world. The main goal for most governments today is to make an improvement of the welfare of the people in the present while at the same time ensuring a better future for the generations to come. 

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High traffic levels are one of the core issues that need to be paid attention to and resolved with priority in a bid to achieve this, and citizens of all countries are demanding for the same.

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The key reason for high levels of traffic congestion across the globe is the absence of city planning in terms of road transport levels. As such, with the increase in the number of vehicles that has been entering the system, the level of congestion increases even further. Smart parking systems make an employment of a solution that is not only flexible when it comes to fitting in to different types of infrastructure, but it also scales accordingly.