Question

Technology is taking much of the fun out of finding a place to park the car. Now, in cities from New York to Seattle, the door is open to a host of wireless technologies seeking to improve the parking meter even further. Chicago and Sacramento, CA, among others are equipping enforcement vehicles with infrared cameras capable of scanning license plates even at 30 miles an hour. Using a global positioning system, the cameras can tell which individual cars have parked too long in a two-hour parking zone. At a cost of $75,000 a camera, the system is an expensive upgrade of the old method of chalking tires and then coming back two hours later to see if the car has moved.

Parking czars in municipalities across the country are starting to realize parking meters' original goals: generating revenue and creating a continuous turnover of parking spaces on city streets. Clearly, their main questions are "Would there be enough new revenue from installing the expensive parking monitoring devices?" and "How many devices should be installed to maximize the revenue streams?" From the device manufacturing's point of view, the question is "Would there be enough demand for their products to justify the investment required in new facilities and marketing?" If the manufacturing decides to go ahead and market the products, but the actual demand is far less than its forecast or the adoption of the technology is too low, what would be the potential financial risk?

Answer 1

The smart parking system is useful for parking operators in addition to preserving the environment due to the number of vehicles that are likely to be present in traffic problems, due to the fact that the current transportation infrastructure and parking facilities cannot adapt to the flow of vehicles on the road, and has been Developing a smart parking system with the implementation of the smart parking system that easily identifies and secures the vacant parking place on the skin in any car park that is suitable for them. Entering and leaving the car has also become easier, with the implementation of a smooth propulsion mechanism with car detection sensors on the market, options may differ due to the different requirements, in addition to its pros and cons, and the various sensor systems used in developing this system, in addition to research and the commercial system. In the market, there are examples of vehicles stopping the number of devices that will be sufficient enough and such products because everyone wants to manage the appropriate traffic, and the appropriate parking facilities, but yes, there may be financial risks in smart parking lots, people will take time To embrace this technology that they did not initially want to pay for the amount of parking lots that would have increased due to the installation of cameras and other parking screens, smart parking technology is not only related to increasing productivity and service in operations, it is about proving long-term value for consumers and customers who expect their turn More, and therefore willing to pay more for smart parking, service providers are the cheapest fruits in the market. Electronic parking payments, especially mobile parking payments and permit and application requests, are a more generally scalable approach. The growth in smart parking facilities is likely to happen early in the municipalities, as it has kept free parking slower and used as an upward rate of fees as a justification. The investment option in new technologies to improve customer comfort is the most exciting opportunity in the market for long-term revenue growth, however, commercial car parks, which have two histories, are relatively underutilized and component commercial car park service models that combine can provide parking transactions with offers Local merchants are an additional source of income with ads. In addition to merchant offers, targeted services can also be combined with long-term parking transactions, such as washing machines. Square wallets, repair n, maintenance, car sharing, charging electric cars, these combined services can increase overtime occupancy especially for commercial facilities that focus on passenger smart parking Mein overtime Evil to be the first element in the work of the smart city, it will be an element Parking in the smart city operating system is inactive for a service-oriented architecture, and this is a provision to enable the physical components and software for city services over time and there are still a number of restrictions that prevent this smart demand from achieving a real service-oriented architecture on the high side. Brownfield parking operators make a short return on their investment in smart parking. Technology inductive industry and very low margin. It was difficult to measure the amount of parking lots is the fact that most of them are free, and the cost of free or unmeasured parking spaces is generally passed and measured through companies and municipalities ie invisible transfers to consumers and taxpayers in the form of high prices for goods and services or high taxes, governments do not Generally it collects data in parking lots or if it collects data at a higher level or does not collect it at a higher level, such as government or national statistics, the Federal Highway Administration collects data about elements such as Highway Bridge fuel by the number of feature categories, but not in Parking, the free parking service represents the large percentage of all facilities, when we want to upgrade the system