The Citykinect Blog

News and Insights About Low-Power Cellular IoT Applications

Huge Opportunities for Operational Cost Efficiencies with Parking Lots

According to official Canadian government statistics, there were just under 800 parking lot operators and garages in Canada last year. The average income of those lots was just over $450,000/year with a profit margin that averaged out at 34.8%. A surprising number of them operated at less than a 15% profit margin. The cost of...

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