According to China Business Information Network: Smart parking refers to the application of wireless communication technology, mobile terminal technology, GPS positioning technology, GIS technology, and other comprehensive technologies to the collection, management, inquiry, reservation, and navigation services of urban parking spaces. It enables the operation of urban parking facilities to achievedigital cloud platform management. Through the cloud platform, urban car travel can accurately predict and guide parking spaces, thereby achieving standardized management and effective utilization of urban parking resources. It maximizes the utilization rate of parking space resources, optimizes parking efficiency, scales up parking lot profits, and facilitates one-stop service for car owners.
Smart parking = traditional parking + new intelligence + new interconnectivity. The former solves the efficiency of parking, while the latter aims to address the information asymmetry of parking lots. The city-level smart parking platform can achieve "three-in-one," which includes online payment for road parking management, interconnected parking lot networking management, time-sharing peak-shifting sharing and reservation management, and integrated public service information collection.
With the rapid development of China's social economy and the increasing popularity of private cars, especially for families with children, cars are convenient as a means of transportation. However, many cities currently face a shortage of parking spaces. Additionally, the prosperity of the sharing economy and the rise of the car rental market will bring new challenges to parking issues. Especially after "smart traffic" was included in the "Thirteenth Five-Year" transportation plan, local governments have increased their investment in urban transportation. With the formation of multiple plans along the Belt and Road, the construction of intelligent transportation is gradually improving. The progress of technology and the contradiction between parking supply and demand fully reflect the demand for intelligent transformation in the parking field, embodying the future orientation of a "smart city." It is reported that many developed countries have already integrated information technology with parking and traffic management, integrating functions such as parking guidance, space management, electronic charging, and space reservation into one using information technology. In short, smart parking is the trend of the future.
In the future, with the expansion and reconstruction of parking lots and the innovation of industrial models, smart parking has tremendous growth potential and broad prospects in the medium to long term, based on the logic of the cake getting bigger and the proportion increasing. In the future, smart parking will open up a billion-dollar market
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