siliconindia | | DECEMBER 20224 Making Transition Possible on the Back of Innovation EditorialOwing to the rising number of vehicles, increasing traffic congestion and uncertainty in the parking has overwhelmed the country today. In India, a vehicle owner's anxiety knows no bounds in finding a parking spot as searching for a parking spot is a major issue faced by most people in their daily lives. The parking issue not only exists due to the growing number of people buying vehicles, but is burgeoning due to people not following the `Parking' or `No Parking' board in most cases. Many a times, it is led by the lack of availability of parking space. Many people literally find it a waste their time and energy, looking for a spot for parking, given their busy timelines.But, today as technology has overhauled significant industries, there's a smart solution for Parking sector as well. Today, IoT and Data are shaping up the parking ecosystem in India. For resolving parking issues, Smart Parking has emerged as the best solution offered by the Parking Solutions companies. In India, the Automated Parking System market size is expected to grow from $110.6 million in 2019 to $253.8 million by 2030, exhibiting a CAGR of 7.85 percent during the forecast period 2022-27. Smart Parking systems is dynamically serving the ever growing traffic congestion and uncertainty in the parking availability, including the payment issues, in a flick of moment. Smart parking technology not only helps across optimizing of parking space usage, but also improves the efficiency of the parking operations ensuring a smoother traffic flow.As Smart Parking significantly speaks for the proper management of a space providing convenience and speed of movement for consumers to visiting a space, many entrepreneurs and organizations are effectively adopting it and implementing it into their systems, striving for better coverage. Huge investments are made in the latest technologies by well-known developers and technologists to better improve the parking issues across the country through smart sytems. Many of the developments have hugely benefitted the demography and many are still in pipeline.In this edition of siliconindia, we are bringing the spot light on the top 10 most promising parking solution providers. They deserved it, so we gave them the platform.Flip through and let us know what you think.Editorial Team`Parking' or `No Parking', have you come across this board? PublisherAssociate EditorAssistant EditorAlok ChaturvediIndranil ChakrabortyHeena KousarVol 10 · Issue 08 - 02 · DECEMBER, 2022Editorial TeamHima P. M.Avinash BarikHoney KumariManager - DesignPrabhu Dutta A.R.N RayArt ManagerSuanya Chakraborty Designer Tushar DasGM- Sales & MarketingRohit KumarAdvertising ManagersAshwini D NaikShilpa Selvaadvertise@siliconindia.comEditorial Querieseditor@siliconindia.comCirculation Manager Magendran PerumalTo subscribeVisit: https://www.siliconindia.com/subscribe/or send email to subscription@siliconindia.comMagazine Price is Rs. 150 per issuePrinted and Published By Alok Chaturvedi on behalf of Silicon Media Technologies Pvt Ltd and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017.Editor Alok ChaturvediCopyright © 2022 Silicon Media Technologies Pvt Ltd, All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.siliconindia
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