Study reveals savings from smart parking

Advocates of smart parking argue that the technology can cut congestion and pollution, reduce stress among drivers, and boost economic activity. Adam Pitt examines a new study on smart parking and whether dynamic pricing could make parking a means to stimulate economic growth.

In less than a decade, there will be an estimated one million on-street smart parking spaces available worldwide, according to a study released by US-based research firm, Navigant Research. This will come as no surprise to those keeping tabs on the quest to embed technology within the fibres of the cities of the future. The study also reveals that drivers searching for parking are estimated to be responsible for aroun...