- Project plans
- Project activities
- Legislation and standards
- Industry context
Last edited 10 Oct 2017
Parking reservation systems
Growing economies in many developing countries have generated high disposable incomes which have given rise to an increase in the number of vehicles. This has given rise to traffic congestion and serious parking issues in many countries.
Many of these problems are associated with urban areas where parking problems arise due to space constraints. Vehicle drivers can waste a significant amount of their time finding a parking space, and in doing so, create more traffic congestion. A lack of proper on-street parking and the slow development of new parking complexes is expected to exacerbate this problem in the coming years.
The shortfall of parking in residential and commercial complexes creates serious concerns for employers and residential societies. As a result, the demand for parking reservation or convenience parking is increasing.
As a result, the demand for parking reservation systems is expected to witness strong growth in coming years.
Parking reservation system provides information about parking availability for both drivers and parking providers in a certain area through continuous monitoring. Parking reservation systems comprise software and equipment such as parking meters, cameras, sensors and automatic gates which help maintain the smooth flow of traffic and improve security.
Parking reservation system can be classified as on-street and off-street. Off-street parking systems consist of a single point of interaction between parking areas and access points. On-street parking systems provide information about parking spaces on a real-time basis through web, mobile and voice-based solutions.
Developed countries such as the U.S. and Germany are investing heavily in implementing parking reservation systems for trucks. The market is also expected to be boosted by the adoption of smart parking system in developed countries. India and China are expected to a growth area in coming years.
Some of the key parking reservation system providers in the market are VINCI Park S.A., Streetline, Inc., National Car Parks Ltd., APCOA Parking AG, Ace Parking Management, Inc., ParkMe, Inc., Siemens AG, 3M Company and Xerox Corporation.
 Find out more
 Related articles on Designing Buildings Wiki
- Big data
- Building Automation and Control System BACS.
- Building management systems.
- Car parking in conservation areas.
- Engineering Smart Cities.
- European connected and smart home market.
- Internet of things.
- Smart airports.
- Smart buildings.
- Smart cities design timeframe.
- Smart city.
- Smart construction.
- Smart kitchen appliances.
- Smart meter.
- Smart parking systems market.
- Smart surveillance, video surveillance and VSaaS.
- Smart technology.
- The smart buildings market.
Featured articles and news
A review of Scotland’s historic lighthouses.
Choosing the most suitable heating system.
Another year of growth, says BSRIA.
Property practices to help tenant retention.
Fire rips through HPL cladding in Bolton.
Disturbing complacency over short courses.
The new science of building engineering physics.
How new technologies and processes could impact on energy efficiency and wellbeing.
BRE launches the BREEAM Data Centres Annex Pilot.
Replacing lanterns and overthrows in Great Pulteney Street.
Will market-led regeneration work without state intervention?
The New Towns