When it comes to helping drivers, there’s no shortage of in-car technology from GPS navigation to collision-warning systems. But now start-ups are tackling a perennial source of frustration—finding a parking space.
With the parking industry worth $25 billion a year in the United States and more than twice that in western Europe, it’s no surprise that high-tech firms are scrambling to come up with clever ways to make the process quicker and easier.
In Britain, JustPark provides a mobile app that enables users to rent people’s private parking spaces. In the United States, SpotHero and ParkWhiz allow users to find paid parking areas or book places in advance. German carmaker BMW has been trialling a similar service called ParkNow.
But Israeli companies are taking a different approach to the problem: predicting where parking spaces can be found based on mobile data analytics.
Anagog, a Tel Aviv-based firm, has developed an app that can guide drivers to empty on-street parking using real-time, crowd-sourced data from mobile phones, similar to what another Israeli app, Waze, has successfully done with navigation.