Smart Parking System with Dynamic Pricing using IoT

The idea of "smart cities" has become popular, and the development of the Internet of Things (IoT) is essential to make this dream a reality. The goal of ongoing IoT activities is to improve the dependability and productivity of urban infrastructure by tackling major problems including limited parking options, traffic congestion, and road safety. This project offers a creative solution in the shape of an IoT-based cloud-integrated smart parking system. As part of the suggested system, a flexible Internet of Things module will be deployed on-site. It will actively monitor and report the current availability status of individual parking spaces. Scalability and accessibility are enhanced by the effective storage, processing, and retrieval of parking-related data, which is made possible by the interaction with cloud services. In addition, a smartphone application functions as a user interface, enabling users to easily verify the availability of parking spaces in real time and reserve a spot in advance, all while integrating a dynamic pricing function. By optimizing parking charges depending on variables including peak hours, special events, and overall demand patterns, this dynamic pricing strategy adjusts to changing demand levels. In addition to guaranteeing effective parking space use, the system provides a dynamic and adaptable pricing structure that encourages equitable resource distribution and improves user experience even more. This all-encompassing strategy seeks to address urban issues, improve user experience, and maximize urban infrastructure through sustainable development and efficient resource management. This smart parking system's cloud integration, dynamic pricing, and real-time monitoring features make it a comprehensive solution for modern and effective urban parking management because of its cloud integration, dynamic pricing, and real-time monitoring features.