Middle East and Africa 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 Middle East and Africa 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. Several 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 parking meter apps market in the Middle East and Africa has witnessed a decline due to disruptions in supply chains; enactment of containment measures such as travel restrictions, production shutdown, and lockdowns; and the disrupted supply and distribution of electronics and mechanical automotive components. The market is growing steading due to escalating development of commercial and residential buildings and public parking spaces to enhance the implementation of advanced parking solutions, improve efficiencies, and enhance safety. However, the imposition of travel restrictions and disruption in supply chains in Saudi Arabia and the UAE are limiting the parking meter apps market growth to a certain extent. On the other side, the market would witness growth after the pandemic.
Market Overview and Dynamics
The parking meter apps market in Middle East and Africa is expected to grow from US$ 3.22 million in 2021 to US$ 9.95 million by 2028; it is estimated to grow at a CAGR of 17.5% from 2021 to 2028. Traffic congestion and parking space unavailability have been long-term problems in developed and developing countries. 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. Therefore, the rising adoption of such smart technologies is bolstering the parking meter apps market growth.
Key Market Segments
Based on platform, the android segment accounted for the largest share of the Middle East and Africa parking meter apps market in 2020. Based on end-user, the personal segment accounted for the largest share of the Middle East and Africa 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 Middle East and Africa 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 INRIX, Inc.; Parkopedia.; Passport Labs, Inc.; Flowbird; and EasyPark.
Reasons to buy report
- To understand the Middle East and Africa 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 Middle East and Africa parking meter apps market
- Efficiently plan M&A and partnership deals in Middle East and Africa 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 Middle East and Africa parking meter apps market
- Obtain market revenue forecast for market by various segments from 2019-2028 in Middle East and Africa region.
Middle East and Africa Parking Meter Apps Market Segmentation
Middle East and Africa Parking Meter Apps Market – By Platform
- Android
- iOS
Middle East and Africa Parking Meter Apps Market – By End-User
- Personal
- Businesses
Middle East and Africa Parking Meter Apps Market – By Country
- South Africa
- Saudi Arabia
- UAE
- Rest of Middle East and Africa
Middle East and Africa Parking Meter Apps Market – Company Profiles
- INRIX, Inc.
- Parkopedia
- Passport Labs, Inc.
- Flowbird
- 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. Middle East and Africa 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 An Upsurge in the Number of Vehicles on Road
5.1.2 Rising Incorporation of Smart Technologies
5.2 Key Market Restraints
5.2.1 Limited Presence in Developing and Underdeveloped Countries
5.3 Key Market Opportunities
5.3.1 Various Developments Favouring Parking Meter App Adoption in Urban Areas
5.3.2 Simplification 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 – Middle East and Africa Market Analysis
6.1 Middle East and Africa Parking Meter Apps Market Overview
6.2 Middle East and Africa Parking Meter Apps Market Revenue Forecast and Analysis
7. Middle East and Africa 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. Middle East and Africa 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. Middle East and Africa Parking Meter Apps Market – Country Analysis
9.1 Middle East and Africa: Parking Meter Apps Market
9.1.1 Middle East and Africa: Parking Meter Apps Market, By Country
9.1.1.1 South Africa: Parking Meter Apps Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.1.1 South Africa: Parking Meter Apps Market, By Platform
9.1.1.1.2 South Africa: Parking Meter Apps Market, By End user
9.1.1.2 Saudi Arabia: Parking Meter Apps Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.2.1 Saudi Arabia: Parking Meter Apps Market, By Platform
9.1.1.2.2 Saudi Arabia: Parking Meter Apps Market, By End user
9.1.1.3 U.A.E: Parking Meter Apps Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.3.1 U.A.E: Parking Meter Apps Market, By Platform
9.1.1.3.2 U.A.E: Parking Meter Apps Market, By End user
9.1.1.4 Rest of Middle East and Africa: Parking Meter Apps Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.4.1 Rest of Middle East and Africa: Parking Meter Apps Market, By Platform
9.1.1.4.2 Rest of Middle East and Africa: Parking Meter Apps Market, By End user
10. Middle East and Africa Parking Meter Apps Market - Covid-19 Impact Analysis
10.1 Overview
10.2 Middle East & Africa: 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 INRIX, Inc.
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 Parkopedia
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 Passport Labs, Inc.
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 Flowbird
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 EasyPark
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
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Middle East and Africa Parking Meter Apps Market Revenue and Forecast to 2028 (US$ Million)
Table 2. South Africa Parking Meter Apps Market, By Platform– Revenue and Forecast to 2027 (US$ Million)
Table 3. South Africa Parking Meter Apps Market, By End user – Revenue and Forecast to 2027 (US$ Million)
Table 4. Saudi Arabia Parking Meter Apps Market, By Platform– Revenue and Forecast to 2027 (US$ Million)
Table 5. Saudi Arabia Parking Meter Apps Market, By End user – Revenue and Forecast to 2027 (US$ Million)
Table 6. U.A.E Parking Meter Apps Market, By Platform– Revenue and Forecast to 2027 (US$ Million)
Table 7. U.A.E Parking Meter Apps Market, By End user – Revenue and Forecast to 2027 (US$ Million)
Table 8. Rest of Middle East and Africa Parking Meter Apps Market, By Platform– Revenue and Forecast to 2027 (US$ Million)
Table 9. Rest of Middle East and Africa Parking Meter Apps Market, By End user – Revenue and Forecast to 2027 (US$ Million)
Table 10. List of Abbreviation
LIST OF FIGURES
Figure 1. Parking Meter Apps Market Segmentation
Figure 2. Parking Meter Apps Market Segmentation – By Country
Figure 3. Middle East and Africa 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. MEA PEST Analysis
Figure 8. Parking Meter Apps Market- Ecosystem Analysis
Figure 9. Parking Meter Apps Market Impact Analysis of Drivers and Restraints
Figure 10. Middle East and Africa 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. Middle East and Africa: Parking Meter Apps Market, by Key Country – Revenue (2020) (USD Million)
Figure 18. Middle East and Africa: Parking Meter Apps Market Revenue Share, By Country (2020 and 2028)
Figure 19. South Africa: Parking Meter Apps Market – Revenue and Forecast to 2027 (US$ Million)
Figure 20. Saudi Arabia: Parking Meter Apps Market – Revenue and Forecast to 2027 (US$ Million)
Figure 21. U.A.E: Parking Meter Apps Market – Revenue and Forecast to 2027 (US$ Million)
Figure 22. Rest of Middle East and Africa: Parking Meter Apps Market – Revenue and Forecast to 2027 (US$ Million)
Figure 23. Impact of Covid-19 Pandemic in the Middle East & Africa Country Markets
- INRIX, Inc.
- Parkopedia
- 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 Middle East and Africa 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 Middle East and Africa 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 Middle East and Africa market trends and outlook coupled with the factors driving the Middle East and Africa 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