Parking management systems are the need of the hour for large-scale industries

The transportation infrastructures we are used to seeing change due to new mobility patterns. Parking management systems have become more important as our society’s need for space continues to outpace its ability to provide it. 

As a result, parking assistance systems have become more sophisticated and are now utilized to manage traffic and maximize empty parking spaces. 

The emergence of innovative parking management technology has prompted the development of many new problems that can be addressed using integrated software.

According to the Green Car report’s findings, there will be as many as 2 billion cars on the road by 2035, which would further strain parking infrastructure and traffic flow. 

This demonstrates why Smart Parking systems should be implemented in every municipality. The health of the company and its employees both benefit from a positive parking situation in the workplace. 

Every motorist in the world has dealt with parking problems, a daily ordeal that can be stressful and time-consuming.

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Starting with what is parking management systems

A parking management system refers to a piece of software designed to aid the parking business in running more smoothly and effectively. 

It’s a great choice for managing parking lots since it’s designed to alleviate people’s parking woes and offers several useful features. 

These systems can control many automated gates, allowing for convenient entrance and exit control. There is also a self-service ticketing machine. 

You should expect a considerable increase in the effectiveness of your firm’s car park with each of these items and additional additions.

From manual parking to automation, a massive industrial shift!

Some can associate the manual parking method with the stereotype of the “person in the hut,” who stands guard over the parking lot with binoculars and a large ledger. 

Still, many businesses rely on manual processes for certain aspects of their parking lots’ management. The manual process can be seen in the four components that make up every parking lot management system.

• Payment – Money is used for all transactions. Manual systems often require payment upon exiting the parking lot whenever a parking warden examines a paper receipt to determine how long a vehicle has been there.

• Monitoring – The entrances and exits are physically monitored by a security guard. Paper tickets or IDs, for instance, are carefully verified on the dashboard of every vehicle.

• Access Control – When cars pull to the park’s gate, a staff member hands them a paper ticket.

• Reporting – The number of parked cars is recorded in a ledger or an electronic spreadsheet by hand.

You can probably guess how much time and effort this takes. There is a higher risk of mistakes and fraud in a manual method, such as parking enforcement officers pocketing some of the money they collect or failing to keep a close enough eye on all vehicles. 

As a result of the many gaps in the net, a significant amount of money might be lost with relative ease. You can maybe use those saved resources to re-engineer your business mindset for success.

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Now, onto the potential benefits, you can enjoy with parking management systems

Before we hit the ground running here, let us tell you an interesting fact: from 2022 to 2030, the worldwide parking management industry is predicted to increase at a CAGR of 11.1%, reaching a value of $10.14 billion. Now, if your company decides to invest in one, you can harvest the following potential benefits:

• Benefit 1: It will help you set a definitive parking management system policy 

It isn’t easy to settle on a single parking policy for your company’s employees. Everyone in the company, from the CEO down, is affected by parking. 

There aren’t many things that can get people worked up in the workplace. To help you choose the best parking policy for your business, we recommend you read some of the employee parking policy examples.

Since the COVID-19 epidemic, several companies have abandoned the policy-making regulation in favor of a more relaxed one regarding employee parking. 

The beauty of today’s technological advancements is that they provide a completely automated approach to integrating the greatest elements of parking regulation into the workplace. 

Some employees might be given their parking spots. Unused resources are reallocated to other employees depending on the priorities you set.

• Benefit 2: Integrated payments 

Mobile apps or web-based browser-based payments are only two examples of the real-time, electronic payment options available with smart parking systems. 

This creates a better-organized parking experience and facilitates the generation of revenue (categorized by area, road, parking facility, and more). 

Shortly, this payment mechanism will be adopted by the majority of municipalities throughout the globe that is actively pursuing smart city status. 

Currently, the federal administration of the United States and other major governments across the globe are trying to develop smart parking rules and build a smart city.

• Benefit 3: Report tracking 

Since everything in modern parking management systems is digital and can be reported on using mobile apps, paper forms are no longer needed. 

Managers can now devote their time and energy to more meaningful activities than manually tallying parking spot use. The app-based tools also facilitate locating and navigating available parking spots. 

• Benefit 4: A cost and time-efficient solution

Drivers can save cash and time with the assistance of innovative parking solutions. This happens because motorists often spend several minutes driving around the crowded parking lot, looking for a space to park in. 

Since of this, the drivers spend time and become irritated because they are late to their destinations. Similarly, drivers who waste gas going further than necessary to find a spot are forced to spend more money. 

To help motorists find open parking spaces, “smart parking,” an Internet of Things (IoT) based solution, uses sensors to report availability to mobile apps. Instead of circling the block in vain, drivers can use this app to be directed to the next open parking spot. 

• Benefit 5: Reduced traffic and pollution

Most city congestion can be attributed to drivers driving around in circles to find a parking spot. In addition, using a lot of gas and producing pollutants daily is a direct result of driving around a lot or waiting for a parking place to become available. 

A good parking management system can reduce urban congestion, commute times, gas use, and pollution by making parking more convenient.

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• Benefit 6: Improved safety and security 

Smart parking technology greatly improves the security of any institution. This is a must-have for any parking lot at any time of day or night. 

Improved security and protection measures are also an excellent method to save money on insurance and improve communication and cooperation with law authorities in an emergency. The technology can be used to stop illegal parking as well as other suspicious behavior in a parking garage or lot.

• Benefit 7: Data analysis, recognition, and forecasts 

You can see any data about the parking garage using the parking management software’s predefined and straightforward interfaces. 

Knowing who is in the car park at any given moment is facilitated by the data’s availability around-the-clock. With this real-time data, you can better anticipate demand, manage operations, and expedite parking access.

So, what does the parking management system has to offer?

Parking lot management programs are becoming more popular, and one of the main reasons is their ability to save costs. 

Public, workplace, tenant, tourist, and mixed-use car parks can all benefit from the scalability and adaptability of parking management software.

In most cases, parking lot management programs will also include:

• A user-facing app that allows drivers to reserve a space and make payments remotely.
• A control panel accessible through the internet from which managers can monitor parking lot activity in real-time.
• Proper access gateways and electric vehicle chargers are only two examples of hardware that can be integrated into the system.

[Bonus Section]: There is a bigger need for parking management systems in municipalities 

There is a widespread need for parking management systems in municipalities. The ability to swiftly and inexpensively print tickets is a crucial feature of parking systems that can be used in various contexts. 

Also, the program should be intelligent enough to control traffic at any moment. This rule applies to private homes, workplaces, public buildings, and hospitals.

Cities around might benefit from a standardized parking management software. The ability to swiftly and effectively print parking fines is crucial for various parking systems. 

In addition, software users need to be wise enough to control traffic at any moment. This policy can be implemented in private homes, businesses, public buildings, and healthcare facilities.

Improved efficiency and income can be achieved with the help of cutting-edge parking software. The software will ensure that everyone contributes fairly and that rule breakers are penalized appropriately. 

Integrated softwares have emerged due to developments in parking technology, and it provides optimal answers to issues that arise in the parking lot.

Thanks to modern parking management software, controlling the flow of cars in and out of the car park is easy, flexible, and efficient. This is made possible by allowing authorities to improve parking and oversee daily traffic flow more easily.

A bit off-topic, but read about these useful tools for bloggers and business for more success!

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Wrap up: Invest in a parking management system to automate parking 

As explained above, a parking management system will provide you with many benefits.  Since everything is being digitalized, old parking practices are obsolete. 

In today’s world, businesses that don’t evolve to meet new challenges often fail and end up squandering time and money by hiring more staff.

The advancement of technology has greatly simplified our lives. But as we go in the direction of bettering our company, we can just let the software handle everything for us. 

Since the number of automobiles isn’t likely to go down relatively soon, we must find efficient ways to park them all. Otherwise, we will have nothing but problems to deal with.

Writer’s Bio

Tayyab is a diction enthusiast and an SEO buff with a CS background. He’s been serving the SAAS & PAAS world for the last five years. Let’s connect on LinkedIn.