Multispace Parking Meters: The New Saas Way of Parking

Parking has become a significant difficulty in many cities due to the expansion in urbanization over the past few decades and the subsequent increase in the number of cars on the road. Multispace parking meters are a cutting-edge technology that aims to enhance the parking experience for both motorists and cities. Let’s dive in to know all about the multi-space parking meters, their operation, advantages, and current trends and technological advancements in the industry.

What Are Multispace Parking Meters?

Multispace parking meters are electronic payment systems that allow drivers to pay for parking using a single machine that serves multiple parking spaces. These devices, which are normally positioned at the end of a row of parking spaces, enable users to pay with money, credit cards, and mobile payment apps.

Multispace meters, as opposed to conventional single-space meters, can serve multiple parking spaces simultaneously. This makes better use of the available space and eliminates the need for drivers to walk vast distances in search of parking spots or to go back to their cars to refuel parking meters.

According to Extrapolate, the multispace parking meter market was valued at USD 0.4 Bn in 2021 and is anticipated to reach USD 1.3 Bn in 2030, exhibiting a CAGR of 8.8% during the forecast period. This number is a clear indication that the market is poised for robust growth in the foreseeable future.

How Do Multispace Parking Meters’ Work?

The technology used by multispace parking meters to process payments combines sensors, cameras, and payment processing. A driver can use the machine to pay for parking when they leave their car in a location served by a multispace meter. A receipt or digital confirmation will then be printed or sent to the driver's phone as evidence of payment by the machine.

Multispace parking meters can track occupancy rates, keep an eye on parking infractions, and produce revenue reports for the neighborhood municipality in addition to taking payments. This information can be utilized to enhance parking regulations and drivers' overall parking experiences.

According to the City of San Francisco research, multispace parking meters can reduce parking infractions by up to 30%. This is because multispace meters offer straightforward instructions on how to pay for parking, eliminating misunderstandings among drivers and ensuring that they park lawfully.

Benefits of Multispace Parking Meter Technology

Some of the key benefits of multispace parking meters are as follows:

• Customer-focused technology that is easy to use
• Payment methods accepted include cash, coins, MasterCard, Visa, and a wide range of other credit and debit cards.
• Provides a cleaner appearance than the conventional single-space meters while reducing clutter.
• Users can select a different language for the instructions by clicking the "language" button.
• Enhanced security: Multispace meters feature encrypted payment processing technology and are more difficult to manipulate than regular meters, making them more secure than the former.
• Better accessibility: Multispace meters are equipped with Braille keypads, voice instructions, and larger buttons to make them more accessible to people with impairments.

A National Parking Association study found that multispace parking meters might increase parking revenue by up to 20%. This is due to the fact that multispace meters may accept a variety of payment methods, including credit/debit cards and mobile payments, making it simpler for vehicles to pay for parking.

Types of Multi-Space Pay Stations

The following list of payment options is available at the multispace parking meter:

Display and Pay: The consumer pays for the parking time in this mode and receives a printed ticket with an expiration date. The ticket is subsequently displayed and put on the paying customer's dashboard. This setup is the most typical and simple.

Pay per space: When parking in this manner, a user puts the appropriate amount into the meter together with the space number that corresponds to the location of their parked car. The space manager in Multi or a remote space manager server keeps track of the paid and expiring spaces.

Pay by Plate: A customer types their number plate number into the meter in this mode, either before or after depositing money. A safe enforcement server receives the transaction, and the location manager keeps track of both paid and expired license plates.

Specifications of a Multispace Parking Meter

Examining pay-and-display or pay-by-plate multi-space parking meter alternatives for vehicle parking facilities is important in understanding the market's need for automated parking meter solutions.

Users need to take into account a number of elements, including the parking meter's general design, software capabilities, accepted payment methods, and user interface.

User Experience

A parking meter's user interface and experience design are some of its most important components. Is it simple to use and intuitive? Are the controls, such as buttons and payment inputs, easy to find and use? Stylish capacitive keyboards for pay-by-plate meters, motion-activated LED lighting, LED color, touch, and full-audio display displays that can present instructions or advertisements for enhanced comprehension and experience are just a few examples of today's cutting-edge parking meter interfaces.

Accepted Methods of Payment

The payment methods that meters may accept have a significant impact on how consumers make decisions. For instance, it is necessary to pay today using a credit card. Additional popular payment options include coins, debit cards, mobile payments, validation codes, and parking validations based on license plate recognition.

Programming capabilities

The primary program should, at its core, provide straightforward financial reporting and statistics, as well as generate alerts whenever there is a problem with the device. Dashboards, graphs, and charts, the ability to link to or use third-party platforms like mobile payment apps and enforcement software, and analytical tools for both past and future trend analysis are all features of advanced systems.

Winding it Up

Due to the growing usage of autos, traffic congestion has gotten worse as the world's population has grown. Furthermore, even if families drive more often, the total number of kilometers driven does not rise in step with population expansion. Due to the increase in vehicles, there is consequently significant traffic congestion, which makes parking a major problem.

A crucial element of the city's transport plan, multispace parking, has faced considerable difficulties over the past ten years as the number of vehicles has expanded. Additionally, it is necessary to employ multispace parking meters to monitor the movement of cars in the parking lots of educational facilities, entertainment venues, places of worship, commercial establishments, and special event programs in cities.