MonkeyParking is a shared economy mobile platform that is designed to cut drivers' rental costs. Finding and securing a parking spot can be a difficult feat for those living or working in busy urban centers, making this app ideal for busy commuters.
MonkeyParking essentially lets users share a designated parking spot when they aren't using it, allowing them to help others who are in need of a space while cutting down rental costs. Though this platform is currently only compatible with iOS operating systems, non-iPhone users can text the app to get notified of free spaces in their desired neighbourhood.
In addition to allowing users to customize their parking experience, MonkeyParking also guarantees that users can leave their car in a spot for several hours during the day as well as overnight. Furthermore, this shared economy platform also insures spaces while earning frequent users cash credits and refunds.
Why This Trend Is Growing
- Shared Parking Economy
- MonkeyParking is a prime example of a shared parking economy app that offers disruptive innovation opportunities for the parking rental industry.
- Mobile Parking Solutions
- Apps like MonkeyParking that offer mobile parking solutions create an opportunity for disruption in the parking industry.
- Customizable Parking Experience
- Apps like MonkeyParking that allow users to customize their parking experience create an opportunity for disruption in the parking industry.
Industries Being Reshaped
- Parking Rental Industry
- The shared parking economy represented by platforms like MonkeyParking presents an opportunity for disruptive innovation in the parking rental industry.
- Mobile App Development Industry
- The development of mobile parking solutions like MonkeyParking offers disruptive innovation opportunities in the mobile app development industry.
- Insurance Industry
- The shared parking economy represented by platforms like MonkeyParking creates opportunities for disruption in the insurance industry, particularly in terms of insuring parking spaces.
