North America 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 North America 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. Traffic congestion and parking space unavailability have been long-term problems in developed and developing countries in the region. 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.
The North America economy experienced substantial implications in 2020, and the impacts are projected to last for some time. The electronics, semiconductors, and the automobile industry have been affected by the COVID-19 outbreak. A sharp decline in the growth of the aforementioned industries hampers the parking meter apps market growth. Factory closures, travel and trade restrictions, and border closures have had a negative impact on the operations 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, which is limiting the market growth. However, with ease of travel restriction, the parking industry started to regain its momentum. The importance of parking meter app has been increased due to the COVID-19 pandemic as contactless parking payment solutions are preferred by consumers. Thus, in 2021, the market witnessed significant demand for parking meter apps.
Market Overview and Dynamics
The parking meter apps market in North America is expected to grow from US$ 32.86 million in 2021 to US$ 107.69 million by 2028; it is estimated to grow at a CAGR of 18.5% from 2021 to 2028. 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. Government bodies such as the US Green Building Council (USGBC) 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.
Key Market Segments
Based on platform, the android segment accounted for the largest share of the North America parking meter apps market in 2020. Based on end-user, the personal segment accounted for the largest share of the North America 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 North America 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; Arrive (ParkWhiz); ParkMobile, LLC; Passport Labs, Inc.; Flowbird; PayByPhone and EasyPark.
Reasons to buy report
- To understand the North America 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 North America parking meter apps market
- Efficiently plan M&A and partnership deals in North America 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 North America parking meter apps market
- Obtain market revenue forecast for market by various segments from 2019-2028 in North America region.
North America Parking Meter Apps Market Segmentation
North America Parking Meter Apps Market – By Platform
- Android
- iOS
North America Parking Meter Apps Market – By End-User
- Personal
- Businesses
North America Parking Meter Apps Market – By Country
- US
- Canada
- Mexico
North America Parking Meter Apps Market – Company Profiles
- INRIX, Inc.
- Parkopedia
- Arrive (ParkWhiz)
- ParkMobile, LLC
- 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. North America 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 Significant Rise in Number of Vehicles on Road
5.1.2 Rising Adoption of Smart Technologies
5.2 Key Market Restraints
5.2.1 Limited Awareness in Developing and Underdeveloped Countries
5.3 Key Market Opportunities
5.3.1 Partnerships and Mergers to Encourage 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 – North America Market Analysis
6.1 North America Parking Meter Apps Market Overview
6.2 North America Parking Meter Apps Market Revenue Forecast and Analysis
7. North America 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. North America 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. North America Parking Meter Apps Market – Country Analysis
9.1 North America: Parking Meter Apps Market
9.1.1 North America: Parking Meter Apps Market, By Country
9.1.1.1 United States: Parking Meter Apps Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.1.1 United States: Parking Meter Apps Market, By Platform
9.1.1.1.2 United States: Parking Meter Apps Market, By End User
9.1.1.2 Canada: Parking Meter Apps Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.2.1 Canada: Parking Meter Apps Market, By Platform
9.1.1.2.2 Canada: Parking Meter Apps Market, By End User
9.1.1.3 Mexico: Parking Meter Apps Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.3.1 Mexico: Parking Meter Apps Market, By Platform
9.1.1.3.2 Mexico: Parking Meter Apps Market, By End User
10. Parking Meter Apps Market - Covid-19 Impact Analysis
10.1 Overview
10.2 North America: 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 Arrive (ParkWhiz)
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 ParkMobile, LLC
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 Passport Labs, Inc.
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 Flowbird
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 PayByPhone
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. North America Parking Meter Apps Market Revenue and Forecast to 2028 (US$ Million)
Table 2. United States Parking Meter Apps Market, By Platform– Revenue and Forecast to 2027 (US$ Million)
Table 3. United States Parking Meter Apps Market, By End User – Revenue and Forecast to 2027 (US$ Million)
Table 4. Canada Parking Meter Apps Market, By Platform– Revenue and Forecast to 2027 (US$ Million)
Table 5. Canada Parking Meter Apps Market, By End User – Revenue and Forecast to 2027 (US$ Million)
Table 6. Mexico Parking Meter Apps Market, By Platform– Revenue and Forecast to 2027 (US$ Million)
Table 7. Mexico Parking Meter Apps Market, By End User – Revenue and Forecast to 2027 (US$ Million)
Table 8. List of Abbreviation
LIST OF FIGURES
Figure 1. Parking Meter Apps Market Segmentation
Figure 2. Parking Meter Apps Market Segmentation – By Country
Figure 3. North America 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. North America PEST Analysis
Figure 8. Parking Meter Apps Market- Ecosystem Analysis
Figure 9. Parking Meter Apps Market Impact Analysis of Drivers and Restraints
Figure 10. North America 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 Platform (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. North America: Parking Meter Apps Market Revenue Share, By Country (2020 and 2028)
Figure 18. North America: Parking Meter Apps Market, by Key Country – Revenue (2020) (USD Million)
Figure 19. United States: Parking Meter Apps Market – Revenue and Forecast to 2027 (US$ Million)
Figure 20. Canada: Parking Meter Apps Market – Revenue and Forecast to 2027 (US$ Million)
Figure 21. Mexico: Parking Meter Apps Market – Revenue and Forecast to 2027 (US$ Million)
Figure 22. Impact of Covid-19 Pandemic in North American Country Markets- INRIX, Inc.
- Parkopedia
- Arrive (ParkWhiz)
- ParkMobile, LLC
- Passport Labs, Inc.
- Flowbird
- PayByPhone
- EasyPark
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America 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 North America 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 North America market trends and outlook coupled with the factors driving the North America 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