Finding somewhere to park can be a stressful endeavour, which is why the parking spot app ParkMe is great for directing you to the cheapest lots nearby.
ParkMe utilizes the GPS capability of your smartphone to determine your location and what options are available nearby. For a more tailored experience, users can type in their destination and ParkMe will find a great spot that's close to it depending on how much you want to pay and how far you're willing to walk. Based out of Santa Monica, ParkMe has "built the world’s most comprehensive parking database, including more than 25,000 worldwide locations in more than 500 cities, 19 countries and three continents." So, no matter where you are, you'll be able to get around a little easier.
The ParkMe app is available to iPhone and Android users for free.
What's Driving This Trend
- Smartphone Parking Apps
- Disruptive innovation opportunity: Develop a parking app that not only finds the cheapest parking spots, but also offers additional services such as reservations and valet options.
- Gps-based Location Services
- Disruptive innovation opportunity: Create a location service platform that uses GPS to offer real-time parking availability and pricing information for multiple parking lots and garages.
- Comprehensive Parking Databases
- Disruptive innovation opportunity: Build a parking database that not only includes worldwide locations, but also provides detailed information such as occupancy rates, hours of operation, and payment methods for each parking facility.
Who This Affects Most
- Mobile Applications
- Disruptive innovation opportunity: Develop new mobile applications that leverage GPS technology to offer innovative solutions for everyday problems like parking.
- Transportation Services
- Disruptive innovation opportunity: Integrate parking locator and reservation services into existing transportation platforms, such as ride-hailing apps and car rental services.
- Data Analytics
- Disruptive innovation opportunity: Use data analytics to analyze parking patterns and trends, optimizing parking availability and reducing congestion in urban areas.
