Europe Parking Meter Apps Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Platform (Android and iOS) and End-User (Personal and Businesses)
Market Introduction
The Europe parking meter apps market is a highly fragmented market with the presence of considerable regional and local players providing numerous solutions for companies investing in the market arena. There is a surge in the construction of smart cities and green spaces in buildings across the region, which is creating lucrative growth opportunities for the developers of parking meter apps. Rising population and rapid urbanization have led to significant innovations in the concepts of living. The “Smart Cities projects through Horizon 2020 research and innovation program of the European Commission are among the Initiatives leveraging energy-efficient technologies to make cities citizen-friendly and sustainable. Government bodies encourage the availability of clean and greener space in buildings to raise the asset value. As a part of the smart city projects, the construction of commercial and residential buildings with green spaces is anticipated to augment the demand for parking meter apps that help in saving time spent on making payments and tracking parking spaces by facilitating access to accomplish these tasks electronically.
The Europe economy experienced substantial implications in 2020, and the impacts are projected to last for some time. Electronics, semiconductors, and the automobile industry have all been affected by the outbreak. The parking meter apps market's growth is being hampered by a sharp decline in the growth of the aforementioned industries. Factory closures, travel and trade bans, and border closures have all had an impact on the operation of many commercial and corporate facilities around the region. Due to a significant downturn in the parking industry revenue in 2020, the demand for new parking solutions has lowered, limiting the market growth. However, with ease of travel restriction, the parking industry started to regain its momentum. The parking meter app's importance has been increased due to the COVID - 19 pandemic as contactless parking payment solutions are preferred by consumers. Thus, in the year 2021 market witnessed significant demand for parking meter apps.
Market Overview and Dynamics
The parking meter apps market in Europe is expected to grow from US$ 24.56 million in 2021 to US$ 82.47 million by 2028; it is estimated to grow at a CAGR of 18.9% from 2021 to 2028. Traffic congestion and parking space unavailability have been long-term problems in developed and developing regions. At present, smart parking technologies are revolutionizing the car park applications (apps). A few of the smart technologies experiencing tremendous demand in the current parking meter app designing are parking guidance information systems, automated parking systems, smart parking payment systems, and parking reservation systems. In addition, demand for the security and safety of parked vehicles is also increasing rapidly among drivers and vehicle owners, which is propelling the procurement of parking surveillance systems Another factor boosting the adoption of smart technologies is their ability to optimize vacant spaces and provide real-time parking space information. This eventually helps drivers in parking their vehicles on-street as well as off-street with ease.
Key Market Segments
Based on platform, the android segment accounted for the largest share of the Europe parking meter apps market in 2020. Based on end-user, the personal segment accounted for the largest share of the Europe parking meter apps market in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the Europe parking meter apps market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report include IEM S.A.; INRIX, Inc.; Parkopedia.; Passport Labs, Inc.; Flowbird; PayByPhone; and EasyPark.
Reasons to buy report
- To understand the Europe parking meter apps market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for Europe parking meter apps market
- Efficiently plan M&A and partnership deals in Europe parking meter apps market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe parking meter apps market
- Obtain market revenue forecast for market by various segments from 2019-2028 in Europe region.
Europe Parking Meter Apps Market Segmentation
Europe Parking Meter Apps Market – By Platform
- Android
- iOS
Europe Parking Meter Apps Market – By End-User
- Personal
- Businesses
Europe Parking Meter Apps Market – By Country
- France
- Germany
- UK
- Italy
- Russia
- Rest of Europe
Europe Parking Meter Apps Market – Company Profiles
- IEM S.A.
- INRIX, Inc.
- Parkopedia
- Passport Labs, Inc.
- Flowbird
- PayByPhone
- EasyPark
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. Europe 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 Rapid Increments in the Number of Vehicles on Road
5.1.2 Surge in the Adoption of Smart Technologies
5.2 Key Market Restraints
5.2.1 Lack of Awareness in Developing and Underdeveloped Countries
5.3 Key Market Opportunities
5.3.1 Partnerships and Mergers for Favouring Parking Meter App Adoption
5.3.2 Use of Simple Technologies and Reduction in Cost of Systems
5.4 Future Trends
5.4.1 Setting Up of Smart Cities and Green Buildings
5.5 Impact Analysis of Drivers and Restraints
6. Parking Meter Apps – Europe Market Analysis
6.1 Europe Parking Meter Apps Market Overview
6.2 Europe Parking Meter Apps Market Revenue Forecast and Analysis
7. Europe 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. Europe 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. Europe Parking Meter Apps Market – Country Analysis
9.1 Europe: Parking Meter Apps Market
9.1.1 Europe: Parking Meter Apps Market, By Country
9.1.1.1 Germany: Parking Meter Apps Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.1.1 Germany: Parking Meter Apps Market, By Platform
9.1.1.1.2 Germany: Parking Meter Apps Market, By End user
9.1.1.2 France: Parking Meter Apps Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.2.1 France: Parking Meter Apps Market, By Platform
9.1.1.2.2 France: Parking Meter Apps Market, By End user
9.1.1.3 Italy: Parking Meter Apps Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.3.1 Italy: Parking Meter Apps Market, By Platform
9.1.1.3.2 Italy: Parking Meter Apps Market, By End user
9.1.1.4 UK: Parking Meter Apps Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.4.1 UK: Parking Meter Apps Market, By Platform
9.1.1.4.2 UK: Parking Meter Apps Market, By End user
9.1.1.5 Russia: Parking Meter Apps Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.5.1 Russia: Parking Meter Apps Market, By Platform
9.1.1.5.2 Russia: Parking Meter Apps Market, By End user
9.1.1.6 Rest of Europe: Parking Meter Apps Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.6.1 Rest of Europe: Parking Meter Apps Market, By Platform
9.1.1.6.2 Rest of Europe: Parking Meter Apps Market, By End user
10. Europe Parking Meter Apps Market - Covid-19 Impact Analysis
10.1 Overview
10.2 Europe: 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 Parkopedia
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 Passport Labs, Inc.
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 Flowbird
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 PayByPhone
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 EasyPark
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
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Europe Parking Meter Apps Market Revenue and Forecast to 2028 (US$ Million)
Table 2. Germany Parking Meter Apps Market, By Platform– Revenue and Forecast to 2027 (US$ Million)
Table 3. Germany Parking Meter Apps Market, By End user – Revenue and Forecast to 2027 (US$ Million)
Table 4. France Parking Meter Apps Market, By Platform– Revenue and Forecast to 2027 (US$ Million)
Table 5. France Parking Meter Apps Market, By End user – Revenue and Forecast to 2027 (US$ Million)
Table 6. Italy Parking Meter Apps Market, By Platform– Revenue and Forecast to 2027 (US$ Million)
Table 7. Italy Parking Meter Apps Market, By End user – Revenue and Forecast to 2027 (US$ Million)
Table 8. UK Parking Meter Apps Market, By Platform– Revenue and Forecast to 2027 (US$ Million)
Table 9. UK Parking Meter Apps Market, By End user– Revenue and Forecast to 2027 (US$ Million)
Table 10. Russia Parking Meter Apps Market, By Platform– Revenue and Forecast to 2027 (US$ Million)
Table 11. Russia Parking Meter Apps Market, By End user – Revenue and Forecast to 2027 (US$ Million)
Table 12. Rest of Europe Parking Meter Apps Market, By Platform– Revenue and Forecast to 2027 (US$ Million)
Table 13. Rest of Europe 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. Europe 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. Europe PEST Analysis
Figure 8. Parking Meter Apps Market- Ecosystem Analysis
Figure 9. Parking Meter Apps Market Impact Analysis of Drivers and Restraints
Figure 10. Europe 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. Europe: Parking Meter Apps Market, by Key Country – Revenue (2020) (USD Million)
Figure 18. Europe: Parking Meter Apps Market Revenue Share, By Country (2020 and 2028)
Figure 19. Germany: Parking Meter Apps Market – Revenue and Forecast to 2027 (US$ Million)
Figure 20. France: Parking Meter Apps Market – Revenue and Forecast to 2027 (US$ Million)
Figure 21. Italy: Parking Meter Apps Market – Revenue and Forecast to 2027 (US$ Million)
Figure 22. UK: Parking Meter Apps Market – Revenue and Forecast to 2027 (US$ Million)
Figure 23. Russia: Parking Meter Apps Market – Revenue and Forecast to 2027 (US$ Million)
Figure 24. Rest of Europe: Parking Meter Apps Market – Revenue and Forecast to 2027 (US$ Million)
Figure 25. Impact of Covid-19 Pandemic in Europe Country Markets
- IEM S.A.
- INRIX, Inc.
- Parkopedia
- Passport Labs, Inc.
- Flowbird
- PayByPhone
- EasyPark
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