Did you know an average American commuter wastes 17 hours per year looking for a better parking space, costing around $345 per driver in terms of time, fuel, and emissions? The global smart parking market size is estimated to reach USD 64.50 billion in 2025, growing at a CAGR of 21.57%. Smart parking is a smart approach to parking that encapsulates technological advancements with human creativity to enhance resource utilization efficiency, such as fuel, time, and space.
The primary goal of smart parking is to help vehicles park smarty at a faster speed and a greater convenience. Smart parking incorporates technological solutions including intelligent parking management systems, real-time data, and local turn-by-turn guidance. This is a smart strategy that enhances the parking experience, lowers search traffic, reduces vehicle emissions, and increases the entire efficiency of parking operations.
Understanding the need for a smart parking app development
We live in a world where we all face a few mutual problems, such as issues on the road for securing a parking spot. It has become troublesome to find space for parking, especially in big cities. This issue becomes more severe during peak office hours. There is seen a significant increase in number of vehicles on the road. However, the availability of parking space is inversely proportional to the increase in the number of vehicles.
So, what is the solution? Well, from booking flights to tracking sleeping patterns, there is a mobile app for everything. Similarly, to solve the issues associated with parking, we have smart parking apps. These apps use real-time data and guide people to find the right parking spaces, advanced booking of parking slots, and paying for reservations.
A smart parking app successfully lowers fuel consumption as individuals do not have to waste time thinking about the parking space. This gives rise to the safe environment.
Cost to Develop Smart Parking App Development
Above, in the blog, we discussed how smart parking app development can help individuals save time and money. If we look closely, smart parking app development serves as a great opportunity for travel businesses to grow and generate larger revenue. But now the question arises, how much does it cost to develop a smart parking app development? There is no proper answer to this question. But, let us give you an estimate of how much it costs to develop a smart parking app. In general, the cost of parking mobile apps ranges from $7,000 to $70,000, or more. This cost is not fixed and can vary significantly based on numerous factors.
Types of Features
What type of features are you looking to add to your application? Do you want to develop an app with basic features, or do you want to add advanced features? Creating a simple smart parking app includes basic functionalities such as location-based sharing, finding nearby parking spots, and more. These simple features will cost less as compared to advanced apps that may require the integration of AI algorithms to make predictive parking suggestions and more. Also, the more features you want to add, the greater it will cost.
Platform Type:Developing a native app that is made up of an Android or iOS platform is more expensive than developing a parking app on a cross-app platform. Cross-app development comes with the benefit of developing an app using a single codebase that results in lower development time and cost.
Geographic Location: Wondering how the geolocation of a developer affects the cost of a smart parking app? Well, the cost differs from region to region. Developers in Asian countries normally charge less than those living in Western European countries. With this, the cost also varies if you are considering hiring a freelancer or the entire team. Also, ensure whatever team you hire offers the highest quality of work. Hence, choose your development team wisely.
Timeline for the Project: The time required to finish a project depends on the project timeline. Remember, the shorter the span, the more resources you need. Calculate the Timeline for the project using the following formula:
Cost of developing car finder application = development time * hourly rate.
Third-party Integration: Do you really want to create a parking app that will help you boost the efficiency of your business? Well, integrating third-party APIs can be of greater help. However, integrating with third-party apps will increase the cost of development, but they also increase the scope of your app. So, consider all the factors before investing or deciding the budget.
Steps to Create a Parking Mobile Application
So, now that you have decided to develop a parking mobile application for your business.But how will you move forward in the development process? Are you fully aware of the steps that can help you create a secure and powerful parking app for your business?Here, in this section, we will discuss all the crucial steps that you will need to develop the best parking mobile application:
Market Research: Do you know that proper market research can help you develop a better app? So, it is advised to perform deep market research to find the best solution. Proper market research helps businesses understand their competition and know what they are offering to the vehicle owners. Also, it helps you find the gaps in the market and try to solve the issues by offering unique solutions. Furthermore, talk to your target audience and know the issues they face in their daily routine. It helps you understand the pain of customers and offer them the proper solution to their problems, building trust with customers.
Choose the Right Business Model: In this step, a business must look at the best business model that fits well with their business. There are different types of business models:
- Navigation-based Business Model: This model helps users find a perfect parking space near their location. However, this is a GPS-based navigation model, and can’t make an advanced reservation. They have to reach the destination and reserve the spot.
- Navigation Plus Booking Application: In this type of model, users can find available parking spaces and make reservations for parking spots. It helps users save time by lowering the hassle of waiting in queues, allowing them to make payments via numerous options including cash or cashless modes.
- Full-fledged Booking Model: It works on an all-in-one booking app model for car parking. This model helps users book their slot in advance as well as they can enhance the duration of parking slot. Also, this model gives users additional details such as who will come to pick up your vehicle and more.
Selecting the Right Fit: This step includes looking for the right app development team that can develop the parking app as per your business needs. Ensure to hire the best mobile app development team who have relevant experience in developing the best car parking app solution, helping you attract more and more users.
Developing User-friendly UI/UX: Create a user-friendly UI/UX that can help businesses hook their audience to their app for longer times. But how is that possible? Well, your app design is the first thing that communicates with your users. According to a survey, 95% of users notice the app design and it makes the first impression. Hence, ensure that the app design you create should have a simple yet attractive app design.
Technology Stack: The app development company you choose must be aware of the right technology stack and should be able to develop the app that will run smoothly on all platform including iOS, Android, and cross-platform.
Conclusion
The rise in demand for parking has led to the rise in smart parking app development. In this blog, we shared actionable steps that help businesses develop the parking app.If you lack technical knowledge, it is advised to hire the best mobile app development company who has experience in developing parking apps and has strong knowledge of the tools and latest technologies used in the market. Also, hiring a smart app development company can help businesses develop secure and trustworthy apps.
ToXSL Technologies is a leading smart parking app development that has helped numerous companies grow significantly by providing them with the best solutions. So, if you are looking to develop the best parking app solution for your business, ToXSL Technologies is here for you. Our team of developers is committed to offering the best solution to businesses worldwide and ensuring our clients get the best out of the app solutions. So, what are you waiting for? Contact our team today and learn how we can help you enhance your revenue.
