By Sukanya Ganesh — Nov 8, 2023

🅿️ AI-Powered Smart Parking: Transforming Urban Mobility

In the fast-paced urban landscape, the quest for parking can be an ordeal. However, artificial intelligence (AI) is paving the way for a radical transformation in the world of parking.

Photo by Noah Negishi / Unsplash

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AI-based smart parking is an innovative parking solution that leverages data from different devices like sensors and cameras to form an AI-driven parking management system. These devices are either embedded into the parking lot or placed in close proximity to the parking lot to detect the availability of parking spots. They then relay collected data to software that is connected to different IoT devices which communicate the availability of parking spots as well as parking prices to users. Some companies also allow drivers to make reservations or pay from their e-wallets, thus making the process even more convenient.

Market spending for smart parking products and services is expected to grow at a CAGR of 14% and surpass $3.8B by 2023.

ParkMobile:

ParkMobile is a user-friendly app that simplifies the parking experience by making it easier to find, reserve, and pay for parking spaces, ultimately enhancing convenience and reducing the stress associated with parking in busy urban areas.

Location-Based Services: The app uses a smartphone's GPS to detect the location and show nearby parking options making it easy to find parking in unfamiliar areas.
Payment Processing: ParkMobile allows users to pay for parking through the app, eliminating the need for physical cash or credit card payments at parking meters. It accepts various payment methods, including credit/debit cards and digital wallets.
Extend Parking Time: If users need more time than initially paid for, they can easily extend their parking session through the app, often without having to return to the parking meter.
Notifications: The app can send reminders to users before their parking session expires, helping to avoid fines.
Support for Electric Vehicle Charging: In some areas, ParkMobile supports the booking and payment for electric vehicle (EV) charging stations, which is especially helpful for EV owners.

Flowbird:

Flowbird is a global leader in providing innovative and technology-driven solutions for urban mobility and parking management.

Parking Kiosks: The company's parking kiosks offer an intuitive interface for users to pay for parking. They often include features like touch screens, multiple language options and accessibility for individuals with disabilities.
Smart Parking Meters: Flowbird's parking meters are equipped with various features such as contactless payment options, solar power and real-time data connectivity. They can accept payments via coins, credit cards, mobile wallets and mobile apps.
Transit Solutions: In addition to parking, Flowbird offers ticketing and fare collection solutions for public transportation systems. These solutions include smart ticketing options and the integration of various transit services.

T2 Systems

T2 Systems has established itself as a leading provider of parking management software and technology solutions, and its products are widely used across various industries to enhance the efficiency and convenience of parking operations.

Parking Management Software: T2 Systems offers a comprehensive suite of parking management software designed to streamline parking operations and enhance the user experience. This software includes tools for permit management, enforcement, access control, and revenue management.
Higher Education Parking Solutions: T2 Systems has a significant presence in the higher education sector, providing tailored parking solutions for universities and colleges to manage the unique parking needs of students, faculty, and staff.
Permit Management: T2's permit management software allows parking administrators to efficiently issue, manage and track parking permits for different user groups, such as students, employees, and visitors. It often includes features for online permit registration and payments.

Artificial intelligence has revolutionized numerous industries, and the parking sector is no exception. With parking lot issues on the rise, optimization of smart parking with AI technologies seems to be the only solution to reduce the time it takes to find parking spaces and ultimately make the parking process more efficient.