6 things we see in the future of Smart Parking
From the invention of the first parking meters, parking technology has come a long way, allowing today’s users to independently navigate the entire parking experience. As technologies continue to advance and parking behavior changes, smart parking is bound to evolve as well. Let’s take a look at the smart parking developments we can expect to see in the future.
Increased Efficiency of Parking Systems
The present generation of parking systems offers basic automation, offering users information on the occupancy status of parking spaces and enabling automated ticketing and payment. Within the next ten years, however, users will expect an increase in the efficiency of parking systems. This will entail, among other things, direct guidance to an available parking space and real-time information about other mobility solutions in the vicinity.
2. Growing Shared Mobility Market
As much as 50% of current car owners predict that shared mobility services will replace private car ownership—mainly because car sharing is, in many cases, cheaper and more sustainable. The shared mobility market is expected to be valued at $619.5 billion by 2025, which is bound to also impact smart parking.
3. Including Increasing Mobility Mix in Smart Parking
As transportation systems become more and more integrated, parking operators will have to take a variety of transport options into account. Drivers will need accurate and real-time information on mobility solutions ranging from cars and ride-shares to scooters, public transport, and bicycles.
4. Reducing Emissions with Smart Parking Systems
As cities around the world set out to reduce their harmful emissions, smart parking will be an increasingly important part of environmental initiatives. Deploying a citywide smart parking solution is the fastest way a city can reduce its traffic congestion—and with that, its emissions. Other changes such as a switch to more electric vehicles or more efficient air conditioning and building insulation require many years of changes in consumer behavior, while smart parking shows its effects almost overnight.
5. Increasing Analysis of and Need for Parking Data
As parking requirements change, parking operators will have to analyze changes in parking behavior. In-depth analyses require data. Smart parking systems will therefore not only have to provide reliable services to users but also generate accurate data on parking behaviors, peak hours, etc.
6. Restructuring Parking Spaces to Accommodate Autonomous Vehicles
With the rise of autonomous vehicles, parking spaces will have to be replanned and restructured to accommodate their needs that differ from those of conventional vehicles. They will change the usage of cars in general and parking modalities in particular with their self-parking features and robotic valet parking.
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