How Much Does It Cost To Develop An IoT Based Smart Parking System?

Living in populated cities has its disadvantages. Urbanization is constantly growing, and traffic in cities is becoming more troublesome every day. The UN Department of Economic and Social Affairs predicts that all of the world’s population will live in urban areas. This increase is expected to be as much as 68% by 2050.

Parking problems are not unusual, especially for large cities. Here comes IoT based proof of concept development for the parking system in to picture. Auxano Global Services is a leading software development company, aka an on-demand app development company, that can help you create an IoT-based smart parking system to eradicate all your worries.

Statistics

The global smart parking systems market size was valued at USD 3.9 billion in 2019 and is projected to register a CAGR of 17.4% from 2020 to 2027.
The global parking management market was valued at USD 3,682.1 million in 2019, and it is projected to be worth USD 5,762.8 million by 2025, registering a CAGR of 10.3% during the period 2020-2025.
Cars are projected to reach the two billion mark by 2040.

What is IoT based Smart Parking?

Smart parking development intends an IoT based system that can send data about free and occupied parking places via mobile application. The primary concept is the creation of smart parking using the Internet of Things and sensors, where available parking places could be shown in a mobile app.

Are you looking to develop an IoT based smart parking application?

Want to develop such software that can help you notice whether there is any parking space available or not? Then you have landed in the right place; AGS is the top mobile app development company ranked by Clutch and has immense experience in delivering mobile apps of the highest complexity.

Our team of developers have tried their hands on trending technologies such as the Internet of Things, Artificial Intelligence, Blockchain & Machine Learning. Hence, they have the know-how to develop such an advanced system. Hire mobile app developers from AGS, who are ranked as the top mobile app developers across the globe by a business review firm.

Basic Features and Cost to Develop Smart Parking System Application

App Users	Mobile App Users	Admin Panel
Features	Log-in / Sign-up	Login
	Profile/ Wallet Management	Manage Parking Area
	Vehicle Management	Manage Parking Sensors
	Navigation with Google Maps Integration	Manage Availability of parking slots
	View available parking slots	User Management
	Pre-book parking + Payment Processing	Send Push Notifications
	Audio notifications from IoT sensors	Transaction Reports and Management
	Review and Ratings
Cost of Smart Parking Management System	$35K-$40K for Mobile App (Android + iOS) + Web Services + Web Admin

Add-On Features of Smart Parking System

App Users	Mobile App Users	Admin Panel
Features	Book Parking with Voice Assistant	Most & Least Booked parking slots reports

Innovative Features

Voice-Enabled Parking: Our developers can embed an AI voice assistant so that users can book a parking slot by just giving a voice command to smart speakers.

Direct Payment: The user does not need to pay for the parking every time by cash or card. Our developers will integrate a feature which will deduct the charges automatically from the wallet and user can add money whenever they want to the app wallet.

Team Composition You Require For a Thriving App

Project Manager
Business Analyst
UI and UX Designers
Mobile App Developer (iOS & Android)
Quality Assurance Engineer
Digital Marketer

Team Composition We Will Assign To Your Project

Expert Requirement Analysis
Beneficial Technology Advice
Get a comprehensive roadmap
Measuring and eradicating potential risks
Assurance of quality product
Future enhancements and scope

Technology Stack

Sketch

Xcode

Android

Fabric iOS

Android Studio

Sass

swift iOS

Google API

Geo-fence

Stripe

PayPal

AWS

FCM

Mantis Bt

sendinblue

MEAN Stack

Google Analytics

Google Search Console

ZOHO

Why choose Auxano Global Services As your technology partner for developing a Smart Parking solution?

Auxano Global Services have helped clients of all sizes, from Fortune 500 companies to startups, and we have successfully helped them generate revenue through our solutions. Besides, we are also one of the top mobile app development companies around the globe. Hence our experience & innovation sets us apart from others.

Frequently Asked Questions

What is a smart parking solution?

IoT based smart parking system is a technology that provides data on parking space availability in a particular area in real-time and makes it available to users for a facilitated search of vacant parking spots.
What are the benefits of a smart parking solution?
The advantages of real-time parking availability information are pretty numerous, the benefits include:
- quick and easy way-finding;
- payments automation;
- overstay detection, unauthorized parking detection;
- data intelligence and parking rates optimization;
- reduced air pollution;
How much does it cost to develop an IoT based smart parking app?

Developing a smart parking solution using IoT, it can cost you around $35-$40k. To get the accurate cost, you can reach our experts now. We are just a call away.

Disclaimer

The above page is written for informational & reference purpose. We do not intend to infringe any copyright policy or do not possess any third-party material.