Asia Pacific Parking Meter Apps Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Platform (Android and iOS) and End-User (Personal and Businesses)
The Asia Pacific parking meter apps market is expected to grow from US$ 8.64 million in 2021 to US$ 30.29 million by 2028; it is estimated to grow at a CAGR of 19.6% from 2021 to 2028.
Technological advancements in parking management systems, such as the Internet of Things (IoT) and e-payments through apps, are enhancing consumer experience and boosting parking meter apps’ adoption. Furthermore, the growing demand for electric vehicles is encouraging city authorities to deploy smart parking stations having enhanced connectivity to modern technologies. Access to real-time parking data would save drivers’ time on finding parking space for their vehicles, along with reducing traffic congestion. With the ever-increasing penetration of smartphones and availability of mobile applications integrated with different features, it has become possible for vehicles users to navigate towards vacant parking spaces, which is one of the significant factors boosting the parking meter apps market.
A rise in consumer demand for expensive safety features is encouraging manufacturers to invest in high-end technological solutions and services into their products. The car industry was the first economic victim of COVID-19 pandemic in China with the shutdown of major automotive production sites and manufacturing plants of companies such as GM, Honda, Nissan, and Renault in the Hubei Province. Other countries in Asia Pacific recorded dramatic double-digit drops in vehicle sales due to their dependency on the automotive and automotive component market in China, as well as interruptions caused by the pandemic. There is a growing trend of technologies that reduce contact between people and surfaces such as payment systems, elevator buttons, and door handles, and it will further rise amid the COVID-19 pandemic. Thus, post lockdown, the market started to experience considerable growth in parking meter apps deployment. Also, China’s transition toward a high-tech market, flexibility in the Japanese manufacturing sector, and adequate government support and business strategies in India are among the key factors that would contribute to a rapid recover of Asia Pacific from the tremors of the pandemic.
With the new advancements and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Asia Pacific parking meter apps market. The number of cars being manufactured and bought is increasing steadily in developed and developing regions. Industry experts anticipate most of this growth to happen in emerging markets such as China and India, owing to the rapid increase in population. With a surge in the number of vehicles, people are facing issues such as traffic congestion and parking space insufficiency. Hence, there is a massive requirement for an efficient and effective parking infrastructure across the region. The growing procurement of vehicles among the consumers is compelling governments as well as private organizations to focus more on developing parking solutions enabled with advanced technologies, such as parking meter apps, parking guidance solutions, and parking reservation solutions, which can be implemented on the road as well as in building parking areas. As per MarkLines Data Center, the annual sales of new vehicles in the US are recorded to be ~12 million. The region is characterized by substantial growth in economies and high disposable income among the masses, which are the crucial factors contributing to continuous growth in vehicle sales. Along with these factors, consumers’ demand for comfort and convenience has propelled the adoption of parking meter apps that save the time of occupants.
Asia Pacific Parking Meter Apps Market Revenue and Forecast to 2028 (US$ Million)
Asia Pacific Parking Meter Apps Market Segmentation
Asia Pacific Parking Meter Apps Market – By Platform
- Android
- iOS
Asia Pacific Parking Meter Apps Market – By End-User
- Personal
- Businesses
Asia Pacific Parking Meter Apps Market – By Country
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Parking Meter Apps Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Parking Meter Apps Market – Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Rising Number of Vehicles on Road
5.1.2 Rising Incorporation of Smart Technologies
5.2 Key Market Restraints
5.2.1 Lesser Reach in Developing and Underdeveloped Countries
5.3 Key Market Opportunities
5.3.1 Developments for the Encouragement of Parking Meter App Adoption in Urban Areas
5.3.2 Easy of Technologies and Reduction in Cost of Systems
5.4 Future Trends
5.4.1 Development of Smart Cities and Green Buildings
5.5 Impact Analysis of Drivers and Restraints
6. Parking Meter Apps – Asia Pacific Market Analysis
6.1 Asia Pacific Parking Meter Apps Market Overview
6.2 Asia Pacific Parking Meter Apps Market Revenue Forecast and Analysis
7. Asia Pacific Parking Meter Apps Market Analysis – By Platform
7.1 Overview
7.2 Parking Meter Apps Market, By Platform (2020 and 2028)
7.3 Android
7.3.1 Overview
7.3.2 Android: Parking Meter Apps Market – Revenue and Forecast to 2028 (USD Million)
7.4 IOS
7.4.1 Overview
7.4.2 IOS: Parking Meter Apps Market – Revenue and Forecast to 2028 (USD Million)
8. Asia Pacific Parking Meter Apps Market Analysis – By End User
8.1 Overview
8.2 Parking Meter Apps Market, By End User (2020 and 2028)
8.3 Personal
8.3.1 Overview
8.3.2 Personal: Parking Meter Apps Market – Revenue and Forecast to 2028 (USD Million)
8.4 Businesses
8.4.1 Overview
8.4.2 Businesses: Parking Meter Apps Market – Revenue and Forecast to 2028 (USD Million)
9. Asia Pacific Parking Meter Apps Market – Country Analysis
9.1 Asia-Pacific: Parking Meter Apps Market
9.1.1 Asia-Pacific: Parking Meter Apps Market, By Country
9.1.1.1 Australia: Parking Meter Apps Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.1.1 Australia: Parking Meter Apps Market, By Platform
9.1.1.1.2 Australia: Parking Meter Apps Market, By End user
9.1.1.2 China: Parking Meter Apps Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.2.1 China: Parking Meter Apps Market, By Platform
9.1.1.2.2 China: Parking Meter Apps Market, By End user
9.1.1.3 India: Parking Meter Apps Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.3.1 India: Parking Meter Apps Market, By Platform
9.1.1.3.2 India: Parking Meter Apps Market, By End user
9.1.1.4 Japan: Parking Meter Apps Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.4.1 Japan: Parking Meter Apps Market, By Platform
9.1.1.4.2 Japan: Parking Meter Apps Market, By End user
9.1.1.5 South Korea: Parking Meter Apps Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.5.1 South Korea: Parking Meter Apps Market, By Platform
9.1.1.5.2 South Korea: Parking Meter Apps Market, By End user
9.1.1.6 Rest of Asia-Pacific: Parking Meter Apps Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.6.1 Rest of Asia-Pacific: Parking Meter Apps Market, By Platform
9.1.1.6.2 Rest of Asia-Pacific: Parking Meter Apps Market, By End user
10. Asia Pacific Parking Meter Apps Market - Covid-19 Impact Analysis
10.1 Overview
10.2 Asia Pacific: Impact Assessment of Covid-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Merger and Acquisition
11.4 New Development
12. Company Profiles
12.1 IEM SA
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 INRIX, Inc.
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 ParkMate
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Parkopedia
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Arrive (ParkWhiz)
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Passport Labs, Inc.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Flowbird
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 EasyPark
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Asia Pacific Parking Meter Apps Market Revenue and Forecast to 2028 (US$ Million)
Table 2. Australia Parking Meter Apps Market, By Platform– Revenue and Forecast to 2027 (US$ Million)
Table 3. Australia Parking Meter Apps Market, By End user – Revenue and Forecast to 2027 (US$ Million)
Table 4. China Parking Meter Apps Market, By Platform– Revenue and Forecast to 2027 (US$ Million)
Table 5. China Parking Meter Apps Market, By End user – Revenue and Forecast to 2027 (US$ Million)
Table 6. India Parking Meter Apps Market, By Platform– Revenue and Forecast to 2027 (US$ Million)
Table 7. India Parking Meter Apps Market, By End user – Revenue and Forecast to 2027 (US$ Million)
Table 8. Japan Parking Meter Apps Market, By Platform– Revenue and Forecast to 2027 (US$ Million)
Table 9. Japan Parking Meter Apps Market, By End user– Revenue and Forecast to 2027 (US$ Million)
Table 10. South Korea Parking Meter Apps Market, By Platform– Revenue and Forecast to 2027 (US$ Million)
Table 11. South Korea Parking Meter Apps Market, By End user – Revenue and Forecast to 2027 (US$ Million)
Table 12. Rest of Asia-Pacific Parking Meter Apps Market, By Platform– Revenue and Forecast to 2027 (US$ Million)
Table 13. Rest of Asia-Pacific Parking Meter Apps Market, By End user – Revenue and Forecast to 2027 (US$ Million)
Table 14. List of Abbreviation
LIST OF FIGURES
Figure 1. Parking Meter Apps Market Segmentation
Figure 2. Parking Meter Apps Market Segmentation – By Country
Figure 3. Asia Pacific Parking Meter Apps Market Overview
Figure 4. Parking Meter Apps Market, By Platform
Figure 5. Parking Meter Apps Market, By End user
Figure 6. Parking Meter Apps Market, By Country
Figure 7. APAC – PEST Analysis
Figure 8. Parking Meter Apps Market- Ecosystem Analysis
Figure 9. Parking Meter Apps Market Impact Analysis of Drivers and Restraints
Figure 10. Asia Pacific Parking Meter Apps Market Revenue Forecast and Analysis (US$ Million)
Figure 11. Parking Meter Apps Market Revenue Share, by Product Type (2020 and 2028)
Figure 12. Android: Parking Meter Apps Market – Revenue and Forecast to 2028 (USD Million)
Figure 13. IOS: Parking Meter Apps Market – Revenue and Forecast to 2028 (USD Million)
Figure 14. Parking Meter Apps Market Revenue Share, by End User (2020 and 2028)
Figure 15. Personal: Parking Meter Apps Market – Revenue and Forecast to 2028 (USD Million)
Figure 16. Businesses: Parking Meter Apps Market – Revenue and Forecast to 2028 (USD Million)
Figure 17. Asia Pacific: Parking Meter Apps Market, by Key Country – Revenue (2020) (USD Million)
Figure 18. Asia-Pacific: Parking Meter Apps Market Revenue Share, By Country (2020 and 2028)
Figure 19. Australia: Parking Meter Apps Market – Revenue and Forecast to 2027 (US$ Million)
Figure 20. China: Parking Meter Apps Market – Revenue and Forecast to 2027 (US$ Million)
Figure 21. India: Parking Meter Apps Market – Revenue and Forecast to 2027 (US$ Million)
Figure 22. Japan: Parking Meter Apps Market – Revenue and Forecast to 2027 (US$ Million)
Figure 23. South Korea: Parking Meter Apps Market – Revenue and Forecast to 2027 (US$ Million)
Figure 24. Rest of Asia-Pacific: Parking Meter Apps Market – Revenue and Forecast to 2027 (US$ Million)
Figure 25. Impact of Covid-19 Pandemic in Asia Pacific Country Markets
- IEM S.A.
- INRIX, Inc.
- ParkMate
- Parkopedia
- Arrive (ParkWhiz)
- Passport Labs, Inc.
- Flowbird
- EasyPark
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific parking meter apps market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific parking meter apps market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the Asia Pacific parking meter apps market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution