![ABM[NYSE: ABM]: Reaching a New High in Parking Efficiency](https://www.cioapplications.com/uploaded_images/magazine_img/xxj2t300x40012365489.jpg "ABM[NYSE: ABM]: Reaching a New High in Parking Efficiency")
The emerging trend of commercialization and industrialization across the globe has led to exponential growth in the off-street parking in today's current scenario. In addition, the residential sector also drives the off-street parking segment significantly. That being said, requirement for efficient parking management systems increases as the number of vehicles in urban cities is growing. As a result, adequate parking facility has become an integral component for building and road infrastructure. However, the development and maintenance of these parking facilities is highly capital-intensive. Hence, the private and public authorities are shifting toward pay per use model to generate revenue through these parking facilities. Another key factor is the growing number of smart city initiatives across the globe that is also propelling the demand for the parking management system. Smart parking facilities will help local authorities implement parking tariffs and deter or encourage drivers from parking in specific locations.
As the Parking Management Consulting/Services Sector follows the trails of technological progression and entering its next phase of evolution, the wheels are set in motion for businesses all over the world to exploit those innovations. This edition of CIO Applications features companies that are at the forefront of offering Diabetes Care solutions like JASINT, NetTech Solutions, MECS Unlimited and many more. CIO Applications' editorial board has assessed and shortlisted some of the most prominent solution providers in the industry that solve challenges by implementing the current technological trends in the diabetes care space. We present to you—“ Top 10 Parking Management Consulting/Services Companies 2019".
