The migration of the global population to urban areas has strained the resources of cities worldwide. To address these challenges governments are turning to Smart Cities to provide sustainable infrastructure that meets the needs of citizens. The smart city industry is projected to reach 1.56 $ trillion by 2020. Smart city initiatives are focusing on smart parking systems to enhance regulated parking spots with occupancy sensors that provide additional features & services to parking management companies as well as drivers by reducing time spent looking for parking, traffic and CO2 emissions. FastPrk-2 is an innovative full featured smart on-street parking solution, featuring enhanced services resulting from almost 100% accurate occupancy sensors & a system architecture that provides cutting edge HW-based sensor technology & SW-based tools that optimize transport management through innovative applications that analyze diverse parking related data, minimizing maintenance costs and operational processes.
This project has received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement No 726607