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December 12, 2024
Stress-free parking is the lottery for almost every frustrated driver in Singapore. And guess what? Turning this into your start-up idea offers ideal opportunities.
Let’s understand this by examining the example of Jack hurrying to park his car. It has been almost 20-25 minutes, and it is hard to find a parking space. Similarly, in comparison with other situations, if he had a parking app, then he would not have circled the same block endlessly and been frustrated about finding a spot. This makes the development of parking in high demand.
Parking apps smoothen the parking experience by making it stress-free and smooth. With your app on the audience’s phone, they can discover the real-time availability of their ideal parking space in advance. With a parking app, you revolutionize the city adventure for your audience, directly simplifying parking where technology aligns with convenience.
No wonder developing a parking app in Singapore gives you the passport to a well-deserved position in the business market. But are you stressed about how much you need to invest to get the revolutionary app?
Don’t bother yourself; we have provided detailed information below about the cost of developing a car parking app.
Costs Of The Car Parking App Development In Singapore
Talking about the cost, let us tell you the cost of developing a parking app in Singapore.
The cost of parking app development often depends on several factors. Understanding those factors will help you properly assess the software’s specific requirements and features.
While getting an AI & IoT parking management solution with the basic feature will only cost you $20,000—$150,000, a more comprehensive and unique app with innovative features can exceed $100,000 or more. However, let us tell you this is just an estimate we provided. The overall cost of parking app development is influenced by various factors like the app’s complexity, its phrases, the geolocation where you are getting the app developed, and the platform for which it is developed- whether iOS or Android- and several other factors.
However, you can also consult an offshore app development company to start a parking app business in Singapore and get a more accurate estimate based on your specific requirements. You will get all the answers to your queries in detail.
Factors Influencing Development Cost For Parking Apps in Singapore
The development cost of a parking app can range from $11,000 to $35,500, but it can be less or more. Yes! You read that right, but let me clarify: several factors can influence parking app development pricing.
Do you want to know about those factors?
Well, there is no other option than a big yes! Understanding the cost breakdown of parking app development is important. Knowing about the cost helps in planning and budgeting the app development project. It also helps you make informed decisions and avoid meeting with any depressing costing factors.
Here is the table that includes the cost breakdown of parking app development:
| Development Phase | Cost Range |
| App Design & Branding | $5000– $20,000 |
| App Platform (android or iOS) | $50,000– $120,000 |
| Features Integration | $10,000 – $100,000+ |
| API Integration | $17,000 – $25,000 |
| Compliances | $10000 – $20,000 |
| Testing and Quality assurance | $10,000– $20,000 |
| Deployment & Launch | $2,000 – $10,000 |
| Maintenance | $2,000 – $10,000/month |
Below, we have shared some of the key factors that can affect the cost for car parking app development. Each factor is in a table with estimated costs to provide a more precise understanding:
Complexity Of App Development
So, the number of functions of an app refers to the complexity of a mobile app, feature components, interactions, and features in a software codebase. Also, it is possible to define complexity as the amount of struggles the programmers may face during parking App Development. Eventually, as you may have thought, the level of complexity in a parking app development can influence the period. Thus, the period can affect the cost of parking applications.
Here is the complete breakdown of the cost to develop parking app in Singapore based on the level of complexity:
| Level Of Complexity | Average Time | Development Cost |
| Low Level | 3-4 Months | $10,000 to $30,000 |
| Medium Level | 4-9 Months | $30,000 to $70,000 |
| High Level | 10+ Months | $70,000 to $150,000+ |
Development Cost Based On the Platforms
So, your parking app development cost can also depend on the platform you choose for your app. Depending on your budget and targeted audience, you can build iOS, Android, web apps, or cross-platform apps.
| Type Of App | Average Cost |
| Native Apps ( Android & iOS) | $50k- $100k |
| Cross Platform | $25k- $60k |
| Web pages | $15k- $50k |
| Hybrid apps | $10k- $150k |
While these are 4 major platforms available for app development. But in case of captivating a huge audience base then, we recommend you target the two major platforms— iOS and android.
But how much does Android parking app development cost, and does iOS parking app development cost differ from that of Android?
Let’s compare both below:
- iOS Parking App Development Cost
A mobile app created primarily for the iPhone operating application is developed to seamlessly interact with the device’s core components. Swift, Objective-C, Xcode, and more technologies are used to build iOS parking app development.
The cost of developing an iOS parking app varies between $30,000 and $250,000, depending on the intricacy and complexity of each idea.
- Android Parking App Development Cost
Android native mobile applications are designed specifically to operate on Google’s Android operating system. They utilize the OS’s components to ensure users have the best possible experience. Businesses can choose Kotlin and Java to develop Android apps.
Android parking app development costs between $30,000 and $250,000, with the precise amount depending on factors such as the app’s complexity, compliance with regulations, and other intricate details.
Development Team Expertise
| Expertise Level | Estimated Hourly Rate |
| Senior Developers | $100 – $200/hour |
| Mid-Level Developers | $60 – $120/hour |
| Junior Developers | $30 – $60/hour |
| Freelancers/Contractors | $25 – $100/hour |
API Integration
| Complexity Level | Description | Total API Integration Cost |
| Basic Integration | Simple API, limited endpoints, basic data handling. | $2,000 – $5,000 |
| Moderate Integration | Includes multiple API endpoints, more complex data handling, and some custom logic. | $5,000 – $10,000 |
| Complex Integration | Extensive API integration, advanced data processing, and custom features. | $10,000 – $20,000 |
Location of Development Team
If you are looking for offshore developers for your parking app development, here is the location-based cost to get a parking app developed.
| Location | Description | Estimated Rate |
| United States/Canada | Typically, lower costs are due to the competitive market and skilled labor. | $100 – $200/hour |
| Western Europe | Slightly lower costs but still premium quality. | $70 – $150/hour |
| Eastern Europe | More affordable, with many highly skilled developers. | $40 – $80/hour |
| Asia (India, Philippines) | Typically, lower cost due to the competitive market and skilled labor. | $20 – $50/hour |
| South America | Offers a balance between affordability and expertise. | $30 – $60/hour |
Maintenance and Updates
| Maintenance Factors | Average Cost |
| Servers | $20-$60 |
| Push Notifications | $10 |
| Payment Gateways | $149 (depends on % of each commission) |
| Maintenance Types | $50 |
| App Store Fee | $25-Google play $99-Apple App |
The cost of developing a parking app can be between $20,000 and $250,000. However, this is just an estimation; the total cost of parking app development can vary significantly depending on factors such as app complexity, development team, complete maintenance, and API and feature integration.
Apart from custom app development for parking businesses, RichestSoft offers a white-label parking application starting at $7,500.
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Steps to Develop a Parking App in Singapore
Getting a parking space is easy and without frustration after the search struggles every morning. However, who knows their fortune if they will get the perfect parking space on time and effortlessly free from other automobiles?
Stand out in this critical situation with a top-notch parking app. Consider these steps to develop a fabulous app:
Step 1— Must Know The Market
Conduct thorough market research to understand the parking industry’s dynamics, demand, and competition. Identify gaps or pain points in the market that your app can address. Conceptualize your app, defining its unique features, value proposition, and target audience.
Step 2— Partner With The Right App Development Company
After researching the parking app business, you need an experienced development company to help you build and launch your smart parking app on different platforms. The development company will analyze your project needs and business requirements to decide how they can effectively build and shape your smart parking business.
Step 3— Decide A List Of Features For Your Parking App
Here comes the essential of wisely choosing the features and API in your park app. Based on market research, you can create a list of features to add to your smart parking app. We have also discussed the list of both basic and advanced features, such as user registration, location search, payment integration, location tracking, etc., that are essential for your smart parking app.
Step 4— Choose A Design For Your Parking Platform
A great app design can help you deliver your app users the best and most simplified parking experience. Make sure the UI & UX designers you hire only choose designs for your app that are simple and engaging enough to let your users easily interact with them. You can get prototype development services from your concerned IT company to experience your app’s user interface before it enters the back-end development stage.
Step 5— Test Before You Launch Your Final App
It is a development stage in which your app will become fully functional by starting its backend and front-end development. The development team will also build and set up its database, servers, APIs, storage solutions, etc., to make your app fully functional and ready to launch.
The development team will also test you multiple times to ensure your smart parking is free of technical bugs and drawbacks.
The app launch is also important when starting your innovative parking app platform. When launching an app, you must follow the rules and guidelines of each distribution platform where you will launch your intelligent parking app.
Step 6— App maintenance
You are done with every strategy, from planning to testing and deployment. But now what? How do you justify parking so it works smoothly in every era? Per our suggestion, all your investments are wasted unless you don’t keep your app updated with new trends and technologies. This stage will allow you to improve your app with each update by offering the latest features and eliminating technical glitches.
Revenue Generation Models
As an entrepreneur, investing a huge amount can make you think twice about developing a parking app in Singapore. If you think the same, here is the solution to your problem! You can create a productive parking app in Singapore with some effective revenue generation models. These revenue-generating models will help businesses get the most from their investments.
Here are some of the revenue generation options available for your parking app development:
- Subscription
You can charge a particular commission as your subscription fees from your targeted audience. Ensure that users can purchase and renew their monthly subscriptions. Moreover, the subscription-based revenue model has been successful for many apps available in the market.
- Reward points
The best way to make money from on-demand parking finder apps is to offer reward points to your app users, which may feel unprofitable. Still, it will surely give extreme profits when your app starts generating regular users later.
- Commissions
Businesses can charge a fixed commission percentage on each payment on the app. In fact, you can also implement this revenue model in your parking space finder apps.
- Referrals
What could be better if your customers promote your business to their relatives and friends? Offering referrals can help you generate more app users, eventually becoming the income source for generating profits in your business.
Elevate Your Business Idea With RichestSoft
Today, many other entrepreneurs are standing out with their existing car parking apps. So, how do you make an impactful position in the huge competition?
Well, that’s when choosing ideal app development plays an essential role in providing businesses with an effective and productive app. Honestly, RichestSoft is the perfect choice for you. We specialize in providing AI-based parking management solutions. We have \ years of experience helping entrepreneurs get new and productive versions of their businesses.
Our expertise has helped many businesses develop apps from scratch and can help you. We analyze business requirements, understand your requirements, and then move forward and help you at each development phase. With more than 15 years of experience, RichestSoft has come a long way. So, contact us now! We will help you develop a competitive app that fully caters to your needs.
Conclusion
Overall, we hope that this comprehensive guide to parking app development complete cost breakdown has provided you with all the information on its development cost to help you stand out in the market. Don’t be stamped if you have any queries.
Fortunately, RichestSoft is here to get your feet under the table! We are a leading mobile app development company in today’s highly competitive market, ensuring businesses the most powerful app in a very affordable budget. Yes, for more than 15 years, we have been helping our clients successfully hold a competitive position in this online market world with our developed app.
So, want to get your effective and powerful app in your budget? Feel free to contact us!
