Smart Parking -Value Chain

Smart Parking -Value Chain

Parking Management

One of the key considerations is if  parking to be provided is on-street, off-street or a combination of both.  On-street parking will have more complex needs, for identifying available spaces and ensuring revenue collection from parked cars, than off-street parking where vehicles typically have to pass through entry and exit points which can be controlled.  Smart parking enables more flexible parking controls and new billing models for this type of parking – mobile payments combined with space utilisation data can mean per minute parking charges and dynamic availability data in some locations.

Parking Revenue

For cities, car park operators and landowners, billing for parking is either a crucial source of income, or a valuable control mechanism for driver behaviour.

Smart parking can help with both of these attributes – income and behaviour – by applying different rules in common ways.  By ensuring that there is information available on parking utilisation, the city can ensure that parking tariffs are designed in such a way as to either encourage or deter people from parking in certain locations.  Accurate billing can be based on how long a vehicle is parked for, and IoT sensors allow cities to measure this precisely, meaning that per minute billing could be used in some scenarios.

Parking Optimisation

Smart Parking will change the way that parking is used.  Display signage and apps that are used today can be made much more dynamic and let drivers know not just if a space is available, but where those spaces are, how much they cost and how long a vehicle can park there for.

The IoT allows cities, parking operators, app providers and even private residents with garages to dynamically offer parking throughout the day.  The data can also allow integrated management of other city infrastructure such as public transport and air quality sensors to ensure that parking, traffic and travel are seen as an integrated whole across the city

Parking Integration

The city, and the people and vehicles that use it are being transformed rapidly by the use of mobile technology.  Already IoT sensors, mobile apps, mobile payments and smart parking are revolutionising the ways that city approach their parking provision.  At the same time, cars are beginning to become connected to all manner of services, meaning that soon parking availability will be able to be transmitted direct to the driver’s dashboard. And in the not too distant future, autonomous vehicles have the potential to completely change our cities environment and parking provision will have to adapt to the new demands that this change brings.

Download the full report ‘Smart Parking: A Guide to Ensuring a Successful Mobile IoT Deployment’