In mid-sized and large cities, over 20% of cars are constantly searching for parking spaces, and it takes an average of 20 minutes for a driver to find a parking spot. For instance, Europe faces the deficit of 400,000 parking spaces, while China faces an estimated shortage of 80 million parking spots. This growing challenge is intensified by the high rate of vehicle ownership and a shortage of available parking spots, which results in extended search times, higher urban congestion, time wastage, and increased emissions. IoT adoption within parking and curb management has become a logical response to the above challenges. 1NCE works with 1000+ customers from the Smart City sector, and we are eager to cooperate with new Smart Parking and Curb Management projects worldwide.
The IoT Market of Smart Parking
According to Berg Insight, by 2025, this number is expected to surge to 2.5 million smart ground parking sensors installed worldwide. Europe held the lion's share of these installed sensors, constituting approximately 55%, while North America and other parts of the world accounted for about 188,000 and 241,000 sensors, respectively. At the close of 2020, the top players in this market were Nedap, Smart Parking, and Urbiotica.
Learn more about smart parking vendors:
Smart parking solutions, sensor technology
Parking management solutions and technology
Smart parking technology and management systems
Smart parking meters and payment solutions
Parking enforcement solutions and technology
Parking guidance solutions and outdoor sensors
Smart parking technology, sensors, and analytics
Vehicle identification and smart ground sensors
Sensor-based solutions for smart mobility
IT hardware technologies and smart parking solutions
Smart wireless parking sensor solutions
Smart parking solutions, sensors, and management
Geomagnetic sensors and smart parking sensor solutions
Smart Parking IoT Applications
IoT (Internet of Things) enablement within parking systems can be exemplified by the following applications:
Detecting the presence of vehicles in parking spaces and transferring this data in real-time to parking management systems.
Space Availability/Curb Management
Providing real-time data on available parking spaces, helping drivers locate and reserve parking spots.
Automated payments through mobile apps or RFID cards.
Pre-booking of parking spaces, availability upon arrival, and reducing congestion.
Guiding drivers to open parking spaces through digital signs and mobile app integration.
Security and Surveillance
Security enhancement with IoT-enabled cameras and sensors, with monitoring parking areas and alerting authorities to any issues.