Parking Services Market Surges Past US$ 211.5 Billion Mark

In 2023, the parking services market is projected to be worth US$114.8 billion. The market is anticipated to develop at a compound annual growth rate (CAGR) of 6.3% to reach a worth of US$ 211.5 billion in 2033.

The parking industry’s quick adoption of smart technologies has significantly enhanced service offerings. By the end of 2022, the market for smart parking solutions will make up about 4% of the whole parking services sector.

Read the full article at:

These U.S. Cities Have More Parking Lots Than Housing

Sprawling cities have a lot of cars, a lot of places to park them, and not much else to do within walking distance. Here’s why cities should have less parking.

“THE TWIN GODS OF SMOOTH Traffic and Ample Parking have turned our downtowns into places that are easy to get to, but not worth arriving at.” The quote is from urban designer Jeff Speck. It’s hard to think of a pithier one to describe the parking pandemic blighting America’s city centers—except perhaps the title of a Bloomberg article on the same topic: “Parking has eaten America’s cities”.

That article cites a 2018 study of the space and money devoted to parking in five American cities. In that year, both Seattle and Des Moines had 1.6 million parking spaces. New York City had 1.85 million, and Philadelphia 2.2 million. Tiny Jackson, Wyoming had 100,000 parking spaces, roughly one for each inhabitant.

Read the full article at:

Drivers could soon be allowed to park on double yellow lines – but there’s a catch

DRIVERS could soon be allowed to park on double yellow lines – but there’s a catch.A new campaign is calling for a change in the law so tradespeople c…

If you’re not a tradie, then unfortunately you’ll still have to obey the current rules.

Last year tradies were slapped with a whopping 3.5million parking fines totalling £177million.

At the moment, tradies can only pause on double yellows while loading or unloading – subject to strict time limits.

But motoring groups want workers to be able to leave their vans on double yellows while on site or doing maintenance jobs.

Read the full article at:

Electronics | Free Full-Text | Optimal Parking Space Selection and Vehicle Driving Decision for Autonomous Parking System Based on Multi-Attribute Decision

Autonomous parking systems (APSs) can help drivers complete the task of finding a parking space and the parking operation, which improves driving comfort. Current research on APSs focus on the perception, localization, planning, and control modules, while few pay attention to the decision modules.

Autonomous parking systems (APSs) can help drivers complete the task of finding a parking space and the parking operation, which improves driving comfort. Current research on APSs focus on the perception, localization, planning, and control modules, while few pay attention to the decision modules. This paper proposes a method for optimal parking space selection and vehicle driving decisions. In terms of selecting the optimal parking space, a multi-attribute decision method is designed considering the type of parking space, walking distance, and other factors. In terms of vehicle driving decisions, we first predict the behavior and trajectory of the target vehicle in a specific scenario, and then use a combination of rule-based and learning-based decision methods for safe and comfortable vehicle driving behavior decisions. Simulation results show that the proposed methods can find the optimal parking space according to the parking lot map and improve the efficiency and smoothness of vehicle driving while ensuring driving safety.

Read the full article at:

A Case Study on the Construction of an Intelligent Parking Solution Utilizing AI to Streamline Parking Management


In the age of rapid urbanization, parking has become a significant challenge in cities worldwide. Traditional parking methods often lead to congestion, high emissions, and frustration for drivers. To address these issues, innovative solutions that incorporate artificial intelligence (AI) are being developed. This article explores a case study of an intelligent parking management system that utilizes AI to optimize and streamline parking operations.

The Problem

City centers are plagued by traffic congestion partly caused by drivers circling around looking for parking spaces. The lack of efficient parking management systems leads to:

  • Increased traffic congestion: Drivers searching for parking contribute to city traffic, causing delays and inefficiency.
  • Higher pollution levels: More cars idling and moving slowly increase carbon emissions.
  • Wasted time and fuel: Drivers spend many minutes per trip looking for parking, wasting fuel and time.
  • Frustration and reduced economic activity: Difficulty in finding parking can deter people from visiting certain areas, affecting local businesses.

The Solution: Intelligent Parking Management

An AI-driven parking management system was developed to tackle these challenges head-on. The core components of the solution include:

1. Real-Time Data Collection

  • Sensors and cameras: Installed in parking lots and streets to monitor space availability.
  • Data integration: Information from various sources is integrated into a central system for real-time updates.

2. AI Algorithms

  • Predictive analytics: AI uses historical data to predict parking patterns and suggest optimal parking allocation.
  • Dynamic pricing: Prices for parking spaces are adjusted in real-time based on demand, helping to manage the flow of cars.

3. User-Friendly Application

  • Mobile app: Allows users to view available parking spots in real time.
  • Advanced booking options: Users can reserve parking spaces in advance, reducing the need to search on arrival.
  • Payment integration: Enables drivers to pay for parking through the app, streamlining the process.


The implementation of the intelligent parking solution involved several critical steps:

Planning and Partnership

  • Stakeholder engagement: Collaboration with city planners, local businesses, and technology providers.
  • Infrastructure assessment: Evaluating existing parking infrastructure to integrate new technologies.

Technology Deployment

  • Installation of sensors and cameras: Strategically placed to cover maximum areas.
  • Software development: Building the AI algorithms and user interface for the app.

Public Launch and Education

  • Public awareness campaigns: Educating the public on how to use the new system.
  • Feedback loops: Establishing channels for users to provide feedback for continuous improvement.

Results and Impact

Post-implementation, the intelligent parking management system demonstrated significant positive impacts:

  • Reduced search time: Average search time for parking decreased by up to 70%.
  • Increased parking turnover: More efficient use of parking spaces increased availability.
  • Revenue generation: Dynamic pricing led to increased revenue from parking fees.
  • Environmental benefits: Reduced driving time meant lower emissions and less pollution.

Lessons Learned

From this case study, several key lessons emerged:

  • User adoption is critical: Continuous user engagement and simplification of the technology are vital for success.
  • Flexibility in implementation: The system should be adaptable to different urban environments and user needs.
  • Data privacy concerns: It is essential to address any data privacy issues with transparent policies.


The case study of the intelligent parking solution demonstrates the transformative potential of AI in urban management. By reducing the hassle associated with parking, AI-driven systems not only improve the quality of urban life but also contribute to environmental sustainability. This project serves as a model for other cities facing similar challenges, proving that with the right technology and approach, significant improvements in urban transportation are achievable.

How Artificial Intelligence (AI) Can Help Optimize Smart Parking Management —

The management of smart parking has undergone a revolutionary transformation with AI to streamline the entire parking experience. Explore the ways to optimize the parking management.

A significant portion of everyday travel time is often devoted to the challenging and time-consuming task of searching for parking, a common and frustrating experience for many. However, with the advent of Artificial Intelligence (AI), intelligent parking management has undergone a revolutionary transformation. AI-powered solutions are streamlining the entire parking experience, making it more convenient, efficient, and sustainable for parking operators, facility managers, and customers alike.

Read the full article at:

Rethinking Parking as a Public Good and How Can We Move Forward? | Smart City Memphis

Rethinking Parking as a Public Good and How Can We Move Forward? 

In my recent book Rethinking Parking: Planning and Urban Design Perspectives, I looked beyond the driver’s seat to understand the critical impact of parking on the destination via five perspectives: place, politics, policy, pricing, and professional practice. This 5P toolbox provides an insight into parking, including a deeply entrenched sense of entitlement to cheap, easy parking; the idea that parking is a public good; and, related to parking as a public good, the tendency to subsidize public parking.

Read the full article at:

Autonomous Parking System Market Sales Occupied USD 1.7 Billion in 2022, Climbing at 15.9% CAGR from 2023 to 2032

The Autonomous Parking System Market Size was valued at USD 1.7 Billion in 2022 and is projected to reach USD 7.

The Autonomous Parking System Market Size was valued at USD 1.7 Billion in 2022 and is projected to reach USD 7.3 Billion by 2032, with a compound annual growth rate CAGR of 15.9% during the forecast period from 2023 to 2032.

The autonomous parking system market has witnessed an impressive surge in recent years, with sales soaring to USD 1.7 billion in 2022. Fueled by advancements in technology and the growing demand for efficient parking solutions, this sector is poised for substantial growth in the coming years. This article delves into the competitive landscape, future growth prospects, and key market trends driving the autonomous parking system industry forward.

Read the full article at:

Drivers spend 30 Billion hours per year searching for parking spots

Imagine this: every year, drivers around the globe spend a staggering 30 billion hours just searching for parking spots. That’s not just time lost; it’s a massive drain on productivity, fuel, and our collective sanity. In bustling cities, the quest for parking can feel like a never-ending maze, contributing to traffic congestion and environmental pollution.

But what if we could reclaim these lost hours? This is where Space steps in. Our innovative platform transforms the daunting task of finding parking into a seamless experience. By connecting drivers with available parking spots in real-time, Space not only saves precious time but also significantly reduces the carbon footprint associated with circling streets in search of a space.

The implications are far-reaching: less time spent parking means more time for what truly matters, whether that’s extra minutes with family, focusing on work, or simply enjoying a moment of peace. Moreover, by optimizing the use of existing parking spaces, we’re working towards a future where cities are less congested, more sustainable, and more livable.

It’s time to rethink urban mobility. Let’s turn those lost hours into moments of opportunity. #SmartParkingSolutions #UrbanMobilityRevolution #SustainableCities #ReclaimYourTime #SpaceParkingApp

Book a space

Calendar is loading...
Powered by Booking Calendar