Albany, NY -- (SBWIRE) -- 06/07/2018 -- Smart parking system provides real-time information about the availability of parking space in a particular location, thereby enabling hassle-free vehicle parking while saving on time, cost, and fuel. It consists of low-cost sensors, real-time data collection and analytics, and automated payment systems that allow people to find parking in desired locations and pay for it in advance.

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Once deployed, the smart parking system helps in reducing exhaust emissions from cars in urban cities by reducing the needless circling of city blocks in the search of parking space. It also efficiently manages the availability of parking space for cities and controls illegal parking. The rapid growth in the number of vehicles worldwide is increasing the scarcity of parking space, which is further magnifying the need for smart and innovative parking systems.

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Whether at airports or shopping centers, parking issues are a regular occurrence, in turn hurting the local business and affecting the quality of life of the city residents. These intelligent parking management systems provide high levels of convenience to the drivers while simplifying and automating the parking site operations. Deploying smart parking systems in cities requires data collection and management, integration with mobile phones, and various software and hardware innovations. Furthermore, there is a need for cooperation among various parking stakeholders such as off and on-street parking operators, transport authorities, municipalities, as well as customers.

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As observed by the TMR analyst, there is a need for a sustainable transportation policy is extremely high in today's world. The main goal for most governments today is to make an improvement of the welfare of the people in the present while at the same time ensuring a better future for the generations to come. High traffic levels are one of the core issues that need to be paid attention to and resolved with priority in a bid to achieve this, and citizens of all countries are demanding for the same