Monday 31 March 2014

Smart Parking Management : A smart way to manage your parking

We all know that population is increasing exponentially across the globe and the people are becoming richer due to high literacy rate, and their prosperity leads directly in the increase of vehicle ownership globally due to their luxurious life style. The increase in vehicles directly affect the parking which is becoming scarcer. This in turn making the parking authorities lack of enough resources. Finding a parking space has turned out to be a difficult task for the vehicle drivers which directly results into traffic clogging and due to this problem there is question that How to achieve efficient parking site administration is the question of the moment and the answer to this question is to use smart ways of parking management by use of parking system.

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Let’s talk about what is parking management. It is about smartening the parking operations. Intelligent parking management system makes the process automatic and also makes it smart by providing solutions such as access control, permit management, revenue management, surveillance, security, automated parking, parking guidance and space management. Nowadays this parking system helps parking operators to offer their customers various parking conveniences such as it helps to decrease time wastage, contactless and cashless payment options, enhanced vehicle security and options for pre booking parking spots.

Benefits of Parking Management:

·    Parking system helps to reduce development cost and increased affordability.
·    Improved quality of service by reducing congestion.
·    It helps to find more flexible facility location and design.
·    It helps to generate revenue.
·    Reduces land consumption.
·    Supports mobility management
·    Supports Smart Growth.
·    Improved workability.
·    Parking management supports transit oriented development and transit    use.
·    Reduced storm water management costs, water pollution and heat island effects.
·    Supports equity objectives.
·    More livable communities. 
·    More compact and multi modal community planning.
·    Parking system encourage the use of alternative modes and reduce motor vehicle use
·    Parking system leads to improved user options and quality of service.
·    It helps to improved design flexibility and leads to create more functional and attractive communities.
·    Parking system has ability to accommodate new uses and respond to new demands.


These advantages are making parking management an immediate necessity for the parking site operators which indirectly creates positive effect in the market potential of the parking management industry. The top leading players which are good at parking management market are Cubic Corporation, Affiliated Computer Services, Siemens, 3M, HCL, T2 Systems, Cubic Corporation, and SKIDATA etc.

According to the latest industry report Parking Management Market is expected to reach $7.43 Billion by 2018









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