PRODUCT PROPOSAL

AI-Powered Smart Parking System

with OpenCV Integration and Java
Web App
EASY
PARK Topic Outline
Target Market & opportunity
1 Introduction 5

2 Problems faced 6 Revenue Model or

Business Model
3 Solution created 7 Marketing and strategy

4 Related to SDG'S
8 Competitors
 Introduction EASY
PARK

The lack of parking spaces in cities leads to

theft, traffic congestion, and frustration for drivers. Parking
Management System is designed to solve this problem.

This system allows drivers to reserve parking

spaces through a website and view parking availability. It
aims to reduce congestion and collisions by utilizing people's
unused free spaces .
 Problems faced EASY
PARK

Saturated parking spaces, unregulated tariffs, and

poor management are some problems cities like
ours face everyday.

Parking the vehicle in public places might lead to:

• Towing
• Vehicle damage
• Traffic or commotion
 Solution created
EASY 1 Real-Time Parking Availability
PARK
Online parking systems offer real-time parking availability, reducing traffic and improving the
parking experience by allowing drivers to book a slots according to the location they want to
visit .
2 Suggest location using AI
AI algorithms can identify patterns and trends related to location, safety, and pricing and use this
information to recommend parking locations likely to satisfy a customer's requirements.

3 Enhanced Security
Our OpenCV-based system ensures enhanced security by detecting authorized vehicles through
number plate recognition. Users must enter an OTP for access, ensuring only approved individuals
enter the parking facility. Suspicious activity triggers an alert and loud buzzer to deter potential
threats."
INTERFAC
E
ADMIN LENDER USER
To access all data Lend parking slot Book parking slots
• Checking user details • Login or Sign up
• Login or Sign up
• Have full access over the • Search location where you
• Enter the details of the lender
website want to vist
• Point the Location of parking
• Access over the payments • book the parking slot
lot
made according to your convenience
• charge the user based on hour
• Have the count of all • Enter Otp to Access
basis
transactions made • Pay according to stay time and
• Earn side Hustles
depart
HARDWA
RE
NEAR PARKING SLOT NEAR
NEARPARKING
ENTRY GATE
SLOT
While entry
$400.00 per Month $400.00 per Month
• The sensor will check if the • The camera will sense the
• Priority
vehicle is present.
Booking •number
Priorityplate
Booking
of the vehicle.
• If•the sensor detects
Sustainable the vehicle the
Packaging • •The
Sustainable Packaging
vehicle will only be
• Bubble
driver can enter
WrapOTP and park the •allowed
BubbleifWrap
the vehicle's
• Tracking System
vehicle. •number
Tracking System
plate matches the
While• exit
Same Day Delivery •booked
Same Day Delivery
vehilcle's number.
• The
• Live
userSupport
can enter the OTP again • Live Support
• Insurance
and leave the lot. • Insurance
• The parking fee will be generated
bases on the time.
 Related SDG EASY
PARK

• PARKING MANAGEMENT IS AN ESSENTIAL PART OF URBAN PLANNING

AS IT HELPS TO REDUCE TRAFFIC CONGESTION, ENHANCE MOBILITY,
AND IMPROVE THE OVERALL QUALITY OF LIFE IN CITIES.

• BY IMPLEMENTING AN ONLINE PARKING SYSTEM, CITIES AND

COMMUNITIES CAN EFFECTIVELY MANAGE PARKING RESOURCES,
REDUCE THE NUMBER OF VEHICLES SEARCHING FOR PARKING SPACES
MAKING THE CITY OPERATE IN A SUSTAINABLE WAY.
 Target Market
• The target market for an online parking system is
primarily urban drivers who struggle with finding
available parking spaces in crowded cities.
• This includes commuters, shoppers, and tourists who
are looking for a convenient and hassle-free parking
experience.
• Additionally, property owners such as shopping
centers, airports, and event venues could benefit from
implementing an online parking system to better
manage their parking facilities and increase revenue.
Opportunity EASY
PARK
• The opportunity for an online parking system lies in the
increasing demand for efficient and seamless parking
experiences, especially in urban areas where finding
parking is a major challenge.
• By offering real-time availability, reservation, and
payment processing, an online parking system can
significantly reduce the time and effort required for
parking management while providing a convenient and
stress-free parking experience for users.
• The potential for growth and expansion is vast, given the
growing need for smarter and more efficient parking
solutions.
Business model: EASY
PARK

• As of today, there are no smart parking technology companies

with real-time guidance operating in the current market which
allows us (Parking Management System) to become a first-mover
business in empowering drivers, cities and businesses in the cities
with real-time parking data.
• By being first companies are typically enabled to establish strong
brand recognition and customer loyalty before other companies
enter the market.
• Developing such system in Indian cities is expected to have a
huge market value as we will be the first to enter the market with
this idea.
Marketing and strategy
Collaborate with Local Governments and Businesses:
Build partnerships with local governments and businesses to increase awareness and usage of the parking
system. For example, offer discounts for customers who use the parking system to park at participating
businesses.

Build a Strong Online Presence:

Develop a user-friendly website and mobile app that highlights the benefits of the
parking system.
Use Data Analytics to Improve Services
Utilize data analytics to monitor customer usage patterns, identify areas of
improvement, and optimize the parking management system to meet customer needs.
 Competitors
1 Traditional Parking Management:
Traditional parking management, such as manual ticketing and payment systems,
can still be a significant competitor for an online parking management system,
particularly in areas where technology adoption is slower.

2 Ride-Sharing Services
Ride-Sharing Services: The popularity of ride-sharing services such as Uber and
Ola can also pose a threat to an online parking management system. As more
people choose to use these services, the demand for parking spaces may decrease.
 About Us
EASY
PARK

POORNA SAAI M
MUHAMMAD TAUFEEQ UMAR N
NITHISSH S S

9363331658
21104110@rmd.ac.in

RMD ENGINEERING COLLEGE,

KAVARAIPETTAI, THIRUVALLUR
DISTRICT.