<![CDATA[The inefficiencies of traditional parking systems, including manual entry and reliance on sensors, as well as slow payment lines, contribute to congestion and a lower level of user satisfaction. This paper suggests a smart parking management system (SPMS) based on the license plate recognition (LPR) technology using you only look once version 5 (YOLOv5)modelincombination with a QR code based payment system, to automate the parking system. It’s able to detect vehicle license plates in real-time, which means that data doesn’t have to be entered manually, and it also avoids the need for physical sensors, which cuts down on infrastructure costs. With a centralized database, the efficient tracking of vehicles is achieved, and QR-based payment will facilitate contactless payments at exit. Experimental evaluation shows that the proposed system out performs than the other systems, with an accuracy of 98.09% and recall of 98.25% in case of LPR. This system drastically decreases processing time, congestion and improves overall user experience. SPMS is more efficient, scalable, and reliable than traditional and existing smart parking systems. The results show that the proposed method is a cost-effective and practical solution for solving the modern parking management problem.]]>
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