Parking Evolves with RideShare and Charging Needs

AUSTIN, TX—The percentage of global city dwellers today is 55%, a number that is expected to increase to 68% by 2050. While urban migration patterns increase populations in metropolitan areas around the world, and cities become hubs of business, technology and culture, expansion is restricted by deteriorating infrastructure and declining surface capacity.

Urban areas are experiencing an evolution from the previous model of disjointed transportation and navigation to intelligent mobility systems. But, in this emerging environment, municipalities and owners/operators of legacy parking assets face myriad risks and opportunities. Operating a constantly changing system within stagnant city infrastructures means parking facility owners risk loss of business and revenue. Without the foundations to support growth in other parts of the transportation industry, outdated infrastructures will become obsolete. In addition, stagnation may come at great cost to the health and safety of urban society.