“Urbanization is proliferating but have you ever thought at what price?” Traffic. Overcrowding. All are the key aspects.
The role of advanced technology is becoming bigger than ever. The relevance can be experienced across several verticals. Here, parking infrastructure is no exception.
People are continuously facing the challenges of huge parking mismanagement. As a result, the demand for smart parking system development is increasing rapidly. Such apps help address different concerning scenarios such as inner-city traffic and improved space usage. Furthermore, it saves time for the drivers who usually spend looking for parking slots available.
In this article, we will explore the cost of developing a smart parking management system and what factors influence it. So, let’s delve into it.
A Brief on Smart Car Parking App
The smart parking system is a robust software solution that integrates advanced IoT technologies including cameras, smart gadgets, or sensors. These help to find out the status of parking areas based on occupancy or availability in the mobile application. Also, the sensor data is utilized to create a real-time parking map.
Such sensors help connect with the gateways and deliver the data to the cloud in real time. As a result, the parking slot availability is automatically addressed by the vehicle’s detection sensors.
Growth Dynamics of the Smart Parking App Market
Before we begin talking about smart parking app development cost, let’s dive into the market dynamics and a few future predictions.
- A report by Market Research Future says that smart parking management systems may reach a revenue of $407.9 billion by the year 2032.
- According to PRNewswire, the global market revenue of smart parking systems may reach $4.1 billion by the year 2027.
- A study by Grand View Research showcases that the market value of smart parking apps in the USA is expected to grow at a CAGR of around 18.7% from the year 2023 to 2030.
Key Factors That Affect the Smart Parking System Development Cost
The cost of smart parking management system development varies something from hundreds to thousands of dollars. But this variation is also dependent on multiple facets shared below. Let’s discuss.
Features and Development Complexity
The key aspects of smart parking system development are the number of features required to be integrated and the complexity associated. Let’s segment these potential functionalities and how these impact the overall cost.
Basic Functionalities
- A few basic functionalities include mapping, status on parking slot availability, and location-based services. These are quite affordable to integrate into the system.
Intermediate Features
- Adding features such as user reviews, real-time parking slot availability, and online reservations may add to app customization needs and increase the overall development pricing.
Advanced Functionalities
- In the case of advanced functionalities, it includes AI-backed predictive parking recommendations, the latest sensor integrations, and other complex algorithms. But remember that advanced features raise the cost of developing a smart parking app.
User Interface and User Experience
A responsive, user-friendly, and intuitive design is essential if you want a successful smart parking management solution developed. Usually, the design pricing varies based on the specific customization and design preferences.
For example, intuitive design helps to improve experience but can increase expenditure. In addition, the need to customize the application’s visual elements that resonate with the brand reputation can further add to the design costs.
Ideal Platform Choice
Picking up the right platform on which you would like to operate your parking management app is vital and influences the cost. For example, you need to choose from Android, iOS, or cross-platform. Let us understand these in brief.
Single Native Platform
- It is cost-efficient to build an on-demand app for Android or iOS separately. But it would add to costs in the long run when you want to expand it to other platforms.
Cross-Platform
- Tech stacks such as React Native helps minimize the time and expenses needed for cross-platform application development. It helps in handling codebase for iOS and Android application platforms.
Development Team Size
The parking management system development also depends on the team of experts you partner with and what their location is. You can hire the talent pool either on an hourly basis or connect with an Generative AI development company offering services across multiple regions.
But remember the geographical locations of service providers would vary and cost you more in many cases.
App’s Ongoing Maintenance and Upgrade Needs
The cost of developing a smart parking management system continues beyond the deployment phase as well. The further expenses include required maintenance and feature upgrades. These are essential to ensure the management system performs optimally. So, do plan for such expenditures to create a viable budget.
- Design Modifications: The app’s design is vital and needs modification to keep it intuitive and appealing. Make sure it is updated as per the market users so it continuously keeps on attracting customers.
- Test and Fix Bugs: Every solution faces challenges like the occurrence of errors and bugs. Here the continuous testing of apps is vital to find out and resolve the concerns instantly.
Project Development Deadline
It is also vital to count on the project development timeline but it does increase the cost and can exceed the budget if not considered timely. The deadline approach may include aspects such as technical complexities, design upgrades, feature integration requirements, and more.
Collectively, ensure you understand the factors mentioned above to adjust the budget while building the system according to the timeline.
Why Choose Orion eSolutions for Your AI Company for Robust App Development
So, after discussing it all in detail, it is clear that there is no exact cost estimate for building an AI smart parking management app. However, different aspects to be considered can get you to analyze the rough idea of expenses.
In case you still find it daunting to decide, book a call with the experts of Orion eSolutions to get accurate quotes.
We have over 12 years of experience in providing cost-efficient AI app development services, mobile app development services, and more. Our team of skilled developers develops robust and best-in-class applications with a complex set of features and capabilities.
Final Thoughts
All in all, numerous facets influence the smart parking management system and these are discussed above. But remember that it is important to maintain a balance between expenditures and quality. It helps achieve the best profitability while the app continues to fulfill the business needs.
Keeping it simple, ensure you develop an appealing and highly functional solution with the help of experts. So, you need not worry about business growth and user experiences.
Frequently Asked Questions
Q1. Why should I hire Orion eSolutions smart parking management app development?
Answer: Orion eSolutions has a proven track record of building smart parking management systems using the latest technologies such as AI, IoT, and more. Additionally, the talent pool possesses hands-on experience in delivering quality solutions that are reliable and cost-efficient.
Q2. What is the cost associated with the ongoing maintenance of a smart parking management system?
Answer: Developing a smart parking management system is not sufficient. The solutions would need continuous maintenance, resolving errors, and upgrading new features and functionalities for better performance. Do note that maintenance expenses vary based on user count, feature complexity, DBMS, and more. So, consider the need for long-term maintenance expenses when creating a budget plan.
Q3. Can I integrate a smart parking app into my existing parking management systems?
Answer: Yes. Smart parking apps can be easily integrated into your current parking management systems. It will help ensure there are no communication barriers while using the apps and allow users to leverage features such as accessing parking slot availability status, real-time data, and more.
