It’s Time for Smart Parking Now!

With government taking a number of smart city initiatives in the last few years, the concept of smart parking has now come to the fore. Being highly accessible and flexible in nature, smart parking not only offers an easy-peasy solution to car parking, but also lets the citizens enjoy the power of IoT to the fullest.  An intelligent parking system, the technology helps users find a parking space just in two shakes!

The system consists of wireless parking radars that are powered by low maintenance battery. The in-built detectors in the system also tend to collect real-time data, thereby aiding in figuring out available parking spaces without much ado.

Following are the benefits of smart parking technology-

• Gone are those days when one had to drive around in countless circles looking for available parking space.  By directing drivers straight to an available parking spot, this high-end tech makes sure less fuel is wasted.
• It also results in expending less money on petrol and simultaneously, it paves the way for less Co2 emissions.
• Moreover, by driving fewer kilometers in hunt for a vacant parking spot, one would definitely save valuable time that can be otherwise spent on other fruitful works.
• Drivers will already be knowing about the spot where they are going to park their vehicle. This way, they will have their full attention on the road surface. Accordingly, the safety for themselves, other car drivers and striders will definitely increase to a significant extent.
• Scuttling through the same surface over and over again, other vehicles breathing down your neck and no parking space to be spotted out are quite likely to frustrate the drivers to the fullest. Smart parking solutions would lower down the stress level of the drivers while looking for a parking. With smart parking on board, you will be aware of the available spot beforehand, thereby driving straight to an open parking space.

According to Allied Market Research, the global smart parking market is anticipated to grow at a significant CAGR from 2018-2025. Rise in parking concerns among people, increase in their tendency to take recourse to Internet of Things (IoT)-based technology and surge in the number of vehicles across the globe are the major factors driving the growth of the market. On the other hand, high implementation cost and complexities in configuration are expected to curb the growth to some extent. Nevertheless, mounting investment on beefing up driverless vehicles and several government initiatives in building smart cities worldwide have almost downplayed the restraining factors and created multiple opportunities for the key players in the industry.

In a nutshell, we can say that this advanced technology has brought forth effective solutions to all the problems associated with parking, thereby paving the way for hassle-free pull up. Involving technology that includes components like smart mobile apps, real-time data intercession and low-priced sensors, it also allows users to keep an eye on the available as well as unavailable parking spots in a jiffy. To sum up, it can be stated that the global smart parking market is growing quite profusely and in the next few years to come, it’s projected to expand yet more.

Reference:

leverege.com

happiestminds.com

 

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