Needless to say, technology is outshining by leaps and bounds. It has overtaken every sector by storm. No matter what business you own or what field you belong to, it has become a necessity to develop a mobile app for the same. One sector that is attracting the attention of the masses is the vehicle parking sector.
Parking apps like SpotHero, Best Parking, ParkWhiz, and Parking Panda have made it much easier for people to find a suitable parking spot without putting in any hard effort. But developing such apps demands a huge budget. So if you are planning to develop a parking app like SpotHero and are curious to know the exact development cost, you have landed in the right place.
This blog will not only provide you with the estimated cost to develop a parking app like SpotHero but will also throw some light on the features you can add to your app. Moreover, you will also come to know the factors that affect the cost the most. So let’s begin without any delay.
With ever-increasing traffic, people are facing several issues. Issues in finding a suitable parking spot without cringing stands on top. This is where parking apps like SpotHero play their role. SpotHero leverages GPS and searches the area to notify people about available parking spaces.
Undoubtedly these apps are further going to increase in number due to their high demand as more and more people are preferring personal vehicles instead of public transport. According to a recent survey, passenger cars market unit sales can reach a whopping 73,865.00K vehicles in 2027.
So this is directly going to affect both traffic and parking. Moreover, the car parking apps market is expected to grow at a CAGR of 17.6% (2021-2031). This means if you are planning to develop a parking app like SpotHero, you are on the right track as it is going to be a win-win strategy.
When it comes to significant features of the parking app, the User/Driver Panel, Parking Inspector/Space Owner Panel, and Admin Panel demand equal importance. So let’s go through a list of features that are essential for a car parking app like SpotHero to work seamlessly.
The main goal of the user panel is to help drivers locate the cheapest parking lot as soon as possible.
The parking inspector must be efficiently able to manage the parking area without putting the driver in a thinking or searching mode.
The admin must be able to keep an eagle eye on all app activities as well as manage various in-app processes.
Also Read: Develop An IoT Based Smart Parking System Mobile App
Apart from the basic features, there are also some advanced features of a vehicle parking app like SpotHero that help you stand apart from the market competitors by offering a rich user experience. Some of the high-end features are Reports and Extensive Dashboards, High Security & Credibility, Multiple Payment Gateways, Price Comparison, Heat Maps for live traffic information, Waiting List Tab, Multiple Cities, etc.
Parking apps like SpotHero mainly use a tech stack composed of Applications & data, Utilities, DevOps, and Business tools. Let’s go through them one by one.
Also Read: All You Need To Know About Parking Mobile App Development
When it comes to parking app development, you will never find a stagnant cost due to various factors that influence the overall development cost. Let’s discuss what factors affect the total development cost of an app like SpotHero.
Apps like SpotHero generally carry the same functionality but the factors discussed previously determines the final cost. If a user is looking for an advanced app with state-of-the-art customization it is going to raise the overall development cost. So considering the factors that affect the overall development cost, the price to develop a parking app like SpotHero will be anywhere around 30,000 USD to 40,000 USD.
Alert: HIdden Price: You may have to spend 15% – 20% of the total app development cost per year on maintenance and updation. This is essential to beat the market competition.
Q 1. Which is the Best Vehicle Parking App?
Well, when it comes to the best parking app, one can mostly judge the same with the number of users visiting the app. SpotHero is ruling the market with more than 1.8 million monthly visits on average.
Q 2. How to Develop a Parking App Like SpotHero?
Here are the 8 steps to build a parking app like SpotHero.
Step 1: Create a business plan
Step 2: Go for in-depth market research
Step 3: Hire a seasoned app development company
Step 4: Create an MVP
Step 5: Design UI/UX
Step 6: Incorporate the latest features
Step 7: Test and launch the app
Step 8: Update regularly
Q 3. What is the Minimum Cost to Develop a Parking App Like SpotHero?
The minimum cost to develop an average parking app from scratch is approximately about $30,000. This cost can be less in the case of an app with basic features. For more information book a free session.
Q 4. How Does a Parking App Like SpotHero Make Money?
Parking apps like SpotHero makes money through subscriptions, reward points, commissions, and referrals.
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