For years, city dwellers have struggled with the age-old problem of finding parking. It’s a headache we all want a solution for. That solution? Smart parking software solutions. Imagine a world where getting a parking spot is as easy as a snap of your fingers. Well, that’s the world we are aiming for.
A recent survey found that a normal car stays parked for about 23 hours daily and uses many parking spaces weekly. Source: Business Wire The survey also checked how much time drivers spend daily hunting for a parking spot. The results? Let’s just say, it’s a real eye-opener as far as the smart parking market is concerned. Since there were endless parking problems like locating vacant parking spaces, costs, and multiple parking rules yet this problem was solved by a parking app like SpotHero.
According to a GlobeNewswire report, the global smart parking market was valued at $5.23 billion in 2021 and is expected to reach $16.54 billion by 2030 at a CAGR of 13.6%.
The smart parking market is a rapidly growing and evolving market with a bright future. And making parking apps is a hot trend. If you’re thinking of creating a parking app like SpotHero and want to know how much would it cost, you’re in the right place.
In this blog, we will provide you with the estimated cost to develop SpotHero-like parking app along with the key features you can add to your app.
SpotHero is a digital parking marketplace that helps drivers find and reserve parking spots in advance. It is available in over 300 cities across North America and has over 10 million users.
Started by Mark Lawrence and Jeremy Smith, SpotHero is a leader in the parking management market in the U.S. It caters to millions through its convenient mobile app (available on Android and iOS) and website. The company collaborates with garage owners, vacant lots, and valets to offer parking spaces to drivers nationwide in the United States. The app’s feature allowing users to reserve parking spots helps alleviate congestion and reduce pollution by avoiding the need to circle densely populated city centers.
A parking reservation mobile app like SpotHero addresses the pervasive problem of parking frustration by providing users with real-time information on available parking spaces. This eliminates the stress and irritation associated with circling busy areas in search of an elusive parking spot.
It eliminates the need for aimless driving in crowded urban centers, contributing to a more efficient and environmentally friendly transportation experience.
The app optimizes parking space utilization by connecting drivers with available spots. This not only benefits users but also assists parking facility owners in efficiently managing their resources.
With reserved spots and efficient navigation to available spaces, drivers spend less time on the road searching for parking, leading to improved traffic flow and a decrease in overall congestion.
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Parking finding apps employ various monetization strategies to generate revenue. Here are some common ways these apps make money:
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A great parking app can be a lifesaver, helping you avoid circling the block and wasting time. To stand out, your app should consider these features:
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Here are the key steps that are needed for car parking app development like SpotHero.
First of all, you have to do thorough research to understand your competition and know more about the market trends. You have to plan the unique selling points of your app and create a comprehensive development strategy. Begin with questions like:
Determine the core features of your parking app. Consider features such as GPS-based spot tracking, reservation options, secure payment gateways, user-friendly interfaces, and effective search functionalities.
Select the appropriate technology stack for your app, including the development platform (iOS, Android, or both), programming languages, and frameworks.
Develop the app according to the planned features and design. Regularly test the app during the development phase to identify and address any issues promptly.
Once development and testing are complete, launch your parking app on the chosen platforms. Gather user feedback and continuously update the app to enhance its functionality and user satisfaction.
It’s not easy to say a specific amount for building a parking app like SpotHero because there are many things to consider. The cost to develop an app like SpotHero depends on different factors that all come together to determine the total price.
To give you a basic understanding, let’s talk about these factors that contribute to the overall cost of SpotHero like parking app development.
Taking into account the various factors influencing overall development costs, the estimated price to develop a parking app like SpotHero would range from $20,000 to $30,000 or more.
If you are a startup with a limited budget and time, you can consider the SpotHero clone app for a quick launch.
The future holds great opportunities for the development of car parking apps, making it a promising venture. If you are considering parking finder app development, it could prove to be a lucrative decision in 2024 but understanding the costs involved is crucial. Carefully consider your target audience, desired features, and budget before hitting the gas. With meticulous planning and the right development team, you can turn your parking app dream into a reality! XongoLab with its team of proficient mobile app developers and creative UX/UI designers can help you build your dream application.
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