The IoT smart parking ecosystem is currently represented by the following hardware leaders:
Device Category | Brands |
Smart Parking Sensors | ParkHelp, Libelium, Bosch |
Parking Guidance Systems | Siemens, Park Assist, Indect |
Mobile Apps | ParkMobile, ParkWhiz, SpotHero |
Payment Kiosks | Flowbird, Parkeon, Cale |
Cloud-based Parking Management Platforms | Streetline, T2 Systems, Parkopedia |
License Plate Recognition Cameras | Genetec, Vigilant Solutions, PlateSmart |
The IoT connectivity tech components include chipsets, modems, modules, gateways, SIM cards manufactured by:
Brand | Device Types | Offerings and Website |
Thales (Gemalto) | IoT SIM Cards, Modules | |
Sierra Wireless | Modules, Modems, Gateways | |
Telit | Modules, IoT SIMs | |
1NCE | IoT SIM Cards | |
SIMCom | Modules, IoT SIMs | |
Quectel | Modules, Chipsets | |
u-blox | Modules, Chipsets |
Challenge
Urban areas face severe parking shortages and traffic congestion due to inefficient parking space utilization. According to Transforma Insights, Europe faces a shortage of 400,000 parking spaces, while China struggles with an estimated deficit of 80 million.
Solution
IoT-enabled parking sensors detect available parking spaces and provide real-time data to drivers via mobile apps. With the help of monitoring specific spaces using short-range or wide-area connectivity or other technologies like RFID, ANPR cameras, and cellular communications, it is possible to track parking garage entrances.
Find more details in the Berg Insight article.
Challenge
Traditional parking payment methods are often tedious, leading to delayed departures and lost revenue for parking operators.
Solution
IoT-based payment kiosks and mobile apps enable cashless, contactless payments, enhancing the user experience and increasing revenue collection efficiency.
Challenge
Cruising for parking contributes to traffic congestion and in its turn - increased CO2 emissions, which is at least 28 million tons of CO2 emissions every year.
Solution
Long-range technologies like Wi-Fi, Bluetooth, Zigbee, long-range (Nb-IoT, LTE-M), and various cellular technologies (2G, 3G, 4G, 4G) enable real-time updates on parking status for drivers, operators, and companies. This has already shown at least 2% CO2 emissions reduction only in Europe.
More data is available in the Transforma Insights report.
Challenge
Traditional parking equipment often suffers from unexpected breakdowns, resulting in costly repairs and downtimes.
Solution
Connected IoT devices monitor the health of parking equipment and send maintenance alerts in advance. This proactive approach reduces maintenance costs and ensures uninterrupted parking services.
Challenge
Cities struggle to plan and expand parking infrastructure efficiently due to limited data.
Solution
IoT smart parking systems and wireless IoT connectivity provide valuable data on parking utilization, helping city planners make informed decisions. This data-driven approach optimizes parking infrastructure, reducing wasted resources and supporting sustainable urban development.
