Parking and traffic congestion are constant sources of frustration for drivers in major cities across the world. A recent global study of parking in big cities suggests that the average city driver spends an average of 18 to 20 minutes searching for a parking space, resulting in stress, wastage of fuel, increased emissions, congestion on streets, and decrease in productivity.
According to a study by IBM, drivers in Nairobi averaged 31.7 minutes in their longest search for a parking spot, and commuters in Bangalore, Beijing, Buenos Aires, Madrid, Mexico City, Paris and Shenzhen spent significant time above the worldwide average for parking.
Like so many other components of daily life, technology is offering some renewed hope. Smart sensor-based parking is increasingly being adopted by cities to relieve pressure and optimise the use of available spaces for its citizens. Here, sensors help in detecting whenever a car is parked in a particular parking slot. This real-time data is transferred to a mobile app that provides information about the available spaces on a real-time map to the driver.
IoT and data analytics are together creating such solutions where onboard sensors in vehicles identify open spaces as they drive along and further using multiple data sources from parking sensors, real-time occupancy maps etc. that provide raw data which can be extracted into a cloud infrastructure to effectively build insightful dashboards & predict available parking spaces.
Not only in case of public parking spaces, there are apps that help to connect with privately owned parking spaces as well. One such app is SPOT currently active in few major cities in the USA. Here, owner of unoccupied parking space makes it available for SPOT app users looking for a place to park. Once they find a match – time, place and price – they can rent it for a long term as well. The spot’s owner gets 85 percent of the rental price, and SPOT collects 15 percent as its fee.
In Canada, PNI Sensors and eleven-X, which operates a public, coast-to-coast, low-power Internet of Things (IoT) network are working together to offer wireless parking solutions where PNI is integrating its PlacePod (also known as “pucks”) smart parking sensor within the eleven-X network. The data collected through these sensors translates into better planning for the city government helping them to holistically manage their parking assets in both short-range and medium-range.
We believe that further Technological advancements in automation, real-time monitoring, analytics, internet of things (IoT), cloud computing big data and sensor technology will warrant additional growth of this market. An interesting (parking) space to look at!
Credits : Akhil Handa