International Data Corporation (IDC) published an IDC Innovators report recognizing four innovative smart parking vendors with revenue under $100 million. The four vendors named IDC Innovators for smart parking solutions are Fybr (USA), Parkmobile (USA), Smart Parking Ltd. (Australia), and Worldsensing (Spain). Smart parking directs drivers to open parking spaces by leveraging 3rd Platform technologies like cloud, mobile, and Big Data and analytics, according idc.com. The parking platform for three of the firms are based on sensors placed within each parking space, while one firm offers a hardware-free solution using an algorithm based on payment and historical data to approximate space availability.
Fybr provides a sensor-based parking solution with a suite of applications for drivers, enforcement officers, and parking management staff. Parkmobile is a hardware-free parking solution at no cost to cities where drivers pay a small convenience fee and cities get the full parking rate less processing fees. Smart Parking Ltd. is a cloud- based solution using in-ground, surface-mount, and above-space parking sensors, also connected to mobile apps. Worldsensing offers a cloud- and sensor-based smart parking management system for outdoor parking via in-ground sensors which connect to a management platform, analytics tools, mobile apps and electronic signs. All four companies allow for mobile payment in a seamless transaction and support enforcement capabilities of cities, while providing analytics and details on usage.
"The provision and management of parking within cities is critical for a city's ability to function and thrive," said Mark Zannoni, IDC research director for Smart Cities and Transportation. "Parking impacts the urban economy and quality of life as it provides access to businesses and events, affects traffic, and provides sizable revenues to local governments. Accordingly, more and more cities worldwide are looking at smart parking as a service offering as they transform themselves into smart cities."
IDC Innovators: Smart Parking , 2017 (IDC #US42558817) profiles smart parking vendors with an innovative technology or a groundbreaking new business model or both. The IDC Innovators research document examines smart parking companies with revenue of less than $100 million with a product, service, or business model with a specific use case.
About IDC Innovators
IDC Innovators reports present a set of vendors – under $100 million in revenue at time of selection – chosen by an IDC analyst within a specific market that offer an innovative new technology, a groundbreaking approach to an existing issue, and/or an interesting new business model. It is not an exhaustive evaluation of all companies in a segment or a comparative ranking of the companies. Vendors in the process of being acquired by a larger company may be included in the report provided the acquisition is not finalized at the time of publication of the report. Vendors funded by venture capital firms may also be included in the report even if the venture capital firm has a financial stake in the vendor's company. IDC INNOVATOR and IDC INNOVATORS are trademarks of International Data Group, Inc.
About IDC
International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. With more than 1,100 analysts worldwide, IDC offers global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries. IDC's analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives. Founded in 1964, IDC is a wholly-owned subsidiary of International Data Group (IDG), the world's leading media, data and marketing services company that activates and engages the most influential technology buyers.