The Future Of Smart Parking Is Integration With Automated Technology

The smart parking industry continues to evolve as an increasing number of cities struggle with traffic congestion and inadequate parking availability. While the deployment of sensor technologies continues to be core to the development of smart parking, a wide variety of other technology innovations are also enabling more adaptable systems--including cameras, wireless communications, data analytics, induction loops, smart parking meters, and advanced algorithms. The future of the smart parking market is expected to be significantly influenced by the arrival of automated vehicles (AVs). Several cities around the world are already beginning to trial self-parking vehicles, specialized AV parking lots, and robotic parking valets. For example, in Boulder, Colorado, ParkPlus is working on deploying the first fully automated parking garage in the Western United States through Boulder's PearlWest mixed-use development.