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Automotive Living Technology U.K U.S

Parking Management Software Market Size Forecast to Reach a Revenue of $8.60B in 2030

Having innovative technologies such as payment digitalisation, enforcement processes, access control, and reporting at the core, parking management software is fast gaining currency among local authorities and private parking companies.

Global smart parking management market size was valued at $4.38B in 2022. It is forecasted to hit a staggering $8.60B, growing at a compound annual growth rate (CAGR) of 12.50% between 2022 and 2030, according to an article by Market Research Future (MRFR) published in Digital Journal.

What is a parking management system?

A parking management solution helps optimise parking spaces, better manage the influx of vehicles, and ensure the safety of both people and vehicles.  

It aids in managing vehicles efficiently by offering full control of the entire lifecycle of parking enforcement information—from issue to recovery and the stages in between.

Driving forces behind the increasing demand for parking management software

The parking management market is gaining traction as more and more companies look to optimise their parking spaces. 

In addition, the rising number of vehicles, growing global demand for smooth traffic flow, and rapid development of smart cities are the pivotal factors promoting the adoption of automated parking management solutions, particularly across some regions of the world.

According to MRFR, due to developers creating additional spaces instead of not making the most of the existing ones, many parking slots remain unutilised.

The solution: leveraging state-of-the-art parking management software.

By notifying keepers of empty parking spaces, a class-leading parking management system with improved signage and real-time parking indicators helps minimise parking space waste. The result: fortified customer experience and a substantial saving on time and fuel.

On top of that, a high-end parking management system helps differentiate between under-pricing and overpricing parking spaces, enabling improved revenue management that leads to effective resource utilisation.

An integrated, cost-effective parking management solution can often address parking requirements by 20-40%, offering many social, economic, and environmental benefits.. 

How the Covid-19 pandemic affected the global parking management software market

Along with vehicle manufacturing activities, parking management software production remained halted in response to the Covid-19 pandemic. 

Many countries enforced stringent regulations declaring lockdowns and discouraged crowding on public vehicles and in transport stations. With declining need for parking management, the growth of the parking management software market witnessed a modest decrease for a short period. 

However, with more and more countries now easing travel and quarantine restrictions, the need for parking management is getting a substantial push. As a consequence, the demand for end-to-end cloud-based parking management software, such as ZatPark, is expected to increase.

North America to reign the global market

Accounting for more than 35% of the market share, North America reigned in the parking management software market last year. 

Countries with robust economies, such as the US and Canada, are the leaders in driving the growth of the parking management system industry across the region.

That said, with the demand for parking management systems on the rise, it’s critical for businesses to ensure enhanced user experience while also saving time and money. A high-end parking management system helps streamline enforcement and management for private enforcement companies and local authorities. 

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Computers & Software Society & Culture Technology U.K

How Ava Is Encouraging Young Girls into STEM Studies

We’ve not even completed the first month of the year 2023 and we’ve been hit by tech companies laying off employees by the thousands. In the first three weeks of January, there have been 56,500 people laid off.

And, the news trickling in is that it is women and people of colour who are most affected.

This has come in spite of efforts to encourage more women to enter the world of technology. It might come as a surprise but apparently, we don’t have enough women in tech! (That was sarcasm. It’s not news at all. It’s been a fact for a while now.)

As a result, there have been several efforts to encourage more women to take on tech roles and get promoted.

Tech She Can: Encouraging Women in STEM Studies

According to a report by McKinsey, most women tend to drop out of STEM studies either during the transition from primary and secondary to university or in the transition from university to the workforce.

Therefore, most efforts focus on encouraging girls in school to take up STEM. One such effort is by a charity called Tech She Can. Among the many resources it offers, there’s one called Animated Lessons

These short animations discuss various technology topics and how they play a role in our lives. They encourage primary school students to think and talk about these subjects.

Some of the stories in these lessons include talking about cashless payment, drones, robotics and AI, and virtual reality.

Whilst the effort is commendable in itself, the charity recently came into the news for the latest video in the series. 

The earlier videos featured Katie (a young research scientist) and Tex (a robotic dog created by Katie). The latest video—which talks about the cloud and how it is useful for storing and accessing information— introduces a new character, Ava (Katie’s research assistant), who was the focus of this ITV News article.

Ava, the character, is being “played” (voiceover and character inspiration) by 10-year-old Ava Roberts. This young lady is a resident of Salford and has Cerebral Palsy. 

Ava was reported to have been delighted to be able to choose the name and what the character would look like.

How Ava Made Ava Come to Life

Hannah Collins is the animation and post-production producer at Bold Content—the company that created the animation—and the creator of the character. 

Ms Collins says she worked closely with Ava and her mother, Lyndsey Bennett, to ensure the character was as close to her namesake as possible. 

Making the character as similar to Ava as possible included incorporating her mannerisms, and the way she moves and speaks in the animated Ava. That included the nose tube that the girl wears, but only after it was established that she was happy for the character to be shown with it.

The idea was to ensure that Ava was completely happy with the character. And, according to the article, she was!

She is quoted as saying, “I helped choose her outfit and got to pick my favourite one the animators sent over.

“We had a showing in my class with popcorn and drinks. I loved it!”

Now, if you thought this heartwarming tale ends here, you’d be wrong.

The character design and animation were just the first part of the process. The next step was recording the voiceover. The script—written by Tech She Can and Bold Content—had to be recorded.

So, they asked The University of Salford if they could use its available recording studio. Not only did the University acquiesce but it also offered the facility free of charge.

It seems like everyone involved in this project wanted to do their part to encourage girls in STEM studies. Including Ava. Who says she wants to be a teacher and “use tech to support pupils like me.”

If that doesn’t inspire you, what will?

(The video might. You can watch it here: The Cloud)