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Smart Parking, Aided By Real-time Parking Information, And, Technology To Be Future Of Parking Sep 17, 2018

Smart Parking, Aided by Real-time Parking Information and Technology to be Future of Parking

The aim of this research service is to provide a strategic overview of the parking industry and its stakeholders in Europe and North America. The study analyses the key operational strategies of parking operators, parking app providers, automakers and their implications on mobility integration. An attempt has been made to understand the major parking operators' and parking app providers' operational business models in Europe and North America. The study also entails the major parking technologies used in the area of ticketing, vehicle number plate recognition, and parking space availability. It draws a comparison of the conventional and modern parking industry, which is now considered as a significant entity of mobility in cities.

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Evolution of the Parking Industry

Parking facilities are going green and smart, and are experiencing an explosion of new parking applications for smart phones and mobile devices and moving away from cash payments to ePayment.

Parking Management: Parking Industry Evolution, Europe and North America, 1990–2015

1990s - Manually operated parking industry
Parking personnel
Paper-based ticket
Mechanical Parking
Parking Meters
Zero Automation
Cash-based Payments

2000 - Significant level of automation
Automated Parking Systems
License Plate Recognition
EV Charging Facilities
Pay-on-foot Machines
Smart Cards
Technologies – RFID, CCTV

2010 - Integration of Web-based services and new technologies
Pre-book system
Centralised Network Management Systems
Parking Guidance
Navigational Assistance
Mobile Payment Technology

Beyond 2015 - Smart parking, consolidation of services
Real-time parking
Cloud-based services, pay-by-text, pay-by-voice, pay-by-phone
Mobile apps for payment and reservation
Parking Analytics
In-vehicle parking reservation
Wireless Sensor Integration

Executive Summary—Key Findings and Future Outlook

Parking Management: Key Findings and Future Outlook, Europe and North America, 2013–2020

Market Status
Current
5 key global automotive OEMs have invested or shown interest in the parking industry in different spheres of integration—in parking apps, parking garages, or infrastructure providers—and have expanded their portfolios.
Future
At least X to Xautomotive OEMs are expected to venture into the parking industry and exhibit a higher level on integration.

Trends
Current
A trend in the parking industry is connectivity and accessibility. The major parking operators in Europe and the United States are associating with real-time parking information providers to help customers in locating parking garages, the cost and availability of vacant spaces, and reservation of space.
Future
Parking to be more integrated and involve participants from automotive, communication, infrastructure, and technology providers, all working together. Parking will be a hot spot for mobility in cities and a dependable revenue generation model.

Solutions
Current
The US parking industry grosses $X–$X billion annually for the X million registered US passenger vehicles and adds X% to carbon dioxide emissions. The parking spaces total 160 billion square feet of concrete and asphalt.
Future
A number— or more—of potential private-public joint initiatives such as SFpark, ParkIndy, and LA Express Park™ have helped the removal and recycling of unused parking lots and garages. Smart, real-time parking to be the future.

Technology
Current
The present day parking industry is engrossed with automation solutions and basic level software implications for parking reservations and payments.
Future
Future trends will have the inclusion of adapted technologies from the communications and IT industry, such as M2M (machine-to-machine), IoT (Internet of Things), LBS (location-based Services), cloud-based services, and mobile-based applications which will integrate and work together.

Overview—Parking Ticket Technologies 

The trend for parking reservations is going online and is also assisted by mobile-based bookings, which is a value-addition to the conventional ticket technologies.

Technologies used for Parking Tickets
RFID (Radio-frequency identification) windshield key tags: The state-of-the-art access solution is easy to operate and environmentally-friendly key tags are easy to mount and are PVC (polyvinyl chloride) free.
Pay-by-phone (sms): Used by Impark and LAZ parking companies with a Wireless Suite.
NFC (Near-field Communication) Cell phone as a ticket: Paperless tickets to the marketplace. Simple ticket to long-term parking pass, e.g., Mobile Parking Tickets in Vienna.
Pay-by-plate Parking (Automatic Number Plate Recognition): The Calgary Parking Authority uses a pay-by-plate system assisted with highly sophisticated cameras.
Using Smart Card, such as P-card from Contipark: Ticketless parking and can be monitored online with convenience.
Using Mobile app: APCOA uses mobile app to pay for its parking usage.