Parking reservation systems
Growing economies in many developing countries have generated high disposable incomes which have given rise to an increase in the number of vehicles. This has given rise to traffic congestion and serious parking issues in many countries.
Many of these problems are associated with urban areas where parking problems arise due to space constraints. Vehicle drivers can waste a significant amount of their time finding a parking space, and in doing so, create more traffic congestion. A lack of proper on-street parking and the slow development of new parking complexes is expected to exacerbate this problem in the coming years.
The shortfall of parking in residential and commercial complexes creates serious concerns for employers and residential societies. As a result, the demand for parking reservation or convenience parking is increasing.
Parking providers are also facing problems maintaining daily records related to parked vehicles, leading to an inability to ensure round the clock security.
As a result, the demand for parking reservation systems is expected to witness strong growth in coming years.
Parking reservation system provides information about parking availability for both drivers and parking providers in a certain area through continuous monitoring. Parking reservation systems comprise software and equipment such as parking meters, cameras, sensors and automatic gates which help maintain the smooth flow of traffic and improve security.
Parking reservation system can be classified as on-street and off-street. Off-street parking systems consist of a single point of interaction between parking areas and access points. On-street parking systems provide information about parking spaces on a real-time basis through web, mobile and voice-based solutions.
The market can also be segmented on the basis of end-use sector such as retail, government, hospitality, transportation and logistics, airports and commercial and corporate parks.
Developed countries such as the U.S. and Germany are investing heavily in implementing parking reservation systems for trucks. The market is also expected to be boosted by the adoption of smart parking system in developed countries. India and China are expected to a growth area in coming years.
Some of the key parking reservation system providers in the market are VINCI Park S.A., Streetline, Inc., National Car Parks Ltd., APCOA Parking AG, Ace Parking Management, Inc., ParkMe, Inc., Siemens AG, 3M Company and Xerox Corporation.
[edit] Find out more
[edit] Related articles on Designing Buildings Wiki
- Big data
- Building Automation and Control System BACS.
- Building management systems.
- Car parking in conservation areas.
- Engineering Smart Cities.
- European connected and smart home market.
- Internet of things.
- Smart airports.
- Smart buildings.
- Smart cities design timeframe.
- Smart city.
- Smart construction.
- Smart kitchen appliances.
- Smart meter.
- Smart parking systems market.
- Smart surveillance, video surveillance and VSaaS.
- Smart technology.
- The smart buildings market.
Featured articles and news
Great British Energy install solar on school and NHS sites
200 schools and 200 NHS sites to get solar systems, as first project of the newly formed government initiative.
600 million for 60,000 more skilled construction workers
Announced by Treasury ahead of the Spring Statement.
The restoration of the novelist’s birthplace in Eastwood.
Life Critical Fire Safety External Wall System LCFS EWS
Breaking down what is meant by this now often used term.
PAC report on the Remediation of Dangerous Cladding
Recommendations on workforce, transparency, support, insurance, funding, fraud and mismanagement.
New towns, expanded settlements and housing delivery
Modular inquiry asks if new towns and expanded settlements are an effective means of delivering housing.
Building Engineering Business Survey Q1 2025
Survey shows growth remains flat as skill shortages and volatile pricing persist.
Construction contract awards remain buoyant
Infrastructure up but residential struggles.
Home builders call for suspension of Building Safety Levy
HBF with over 100 home builders write to the Chancellor.
CIOB Apprentice of the Year 2024/2025
CIOB names James Monk a quantity surveyor from Cambridge as the winner.
Warm Homes Plan and existing energy bill support policies
Breaking down what existing policies are and what they do.
Treasury responds to sector submission on Warm Homes
Trade associations call on Government to make good on manifesto pledge for the upgrading of 5 million homes.
A tour through Robotic Installation Systems for Elevators, Innovation Labs, MetaCore and PORT tech.
A dynamic brand built for impact stitched into BSRIA’s building fabric.
BS 9991:2024 and the recently published CLC advisory note
Fire safety in the design, management and use of residential buildings. Code of practice.