Parking Management System is prime requirement in almost all metropolitan cities of the world. It is necessary for every vehicle owner to park his or her car in a secure designated parking slot available. To escalate this problem there is a need of integrated and sophisticatedly developed parking management systems, which offers full-fledged parking services. Smart Parking involves the use of low cost sensors, real-time data and applications that allow users to monitor available and unavailable parking spots. The goal is to automate and decrease time spent manually searching for the optimal parking floor, spot and even lot. Some solutions will encompass a complete suite of services such as online payments, parking time notifications and even car searching functionalities for very large lots. A parking solution can greatly benefit both the user and the lot owner. Here are some of the reasons to implement parking management system:

• Optimized parking – Users find the best spot available, saving time, resources and effort. The parking lot fills up efficiently and space can be utilized properly by commercial and corporate entities.
• Reduced traffic – Traffic flow increases as fewer cars are required to drive around in search of an open parking space.
• Enhanced User Experience – A smart parking solution will integrate the entire user experience into a unified action. Driver’s payment, spot identification, location search and time notifications all seamlessly become part of the destination arrival process.
• Integrated Payments and POS – Returning users can replace daily, manual cash payments with account invoicing and application payments from their phone. This could also enable customer loyalty programs and valuable user feedback.
• Increased Safety – Parking lot employees and security guards contain real-time lot data that can help prevent parking violations and suspicious activity. License plate recognition cameras can gather pertinent footage. Also, decreased spot-searching traffic on the streets can reduce accidents caused by the distraction of searching for parking.
• Real-Time Data and Trend Insight – Over time, a smart parking solution can produce data that uncovers correlations and trends of users and lots. These trends can prove to be invaluable to lot owners as to how to make adjustments and improvements to drivers.
• Decreased Management Costs – More automation and less manual activity saves on labor cost and resource exhaustion.
• Increased Service and Brand Image – A seamless experience can really skyrocket a corporate or commercial entities brand image to the user. Whether the destination is a retail store, an airport or a corporate business office, visitors will surely be impressed with the cutting edge technology and convenience factors.