South 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 South 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. 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.
In South America, the Government had imposed travel restrictions, lockdowns, and trade bans in order to contain the infection spread. Thus, the SARS-CoV-2 pandemic has been severely affecting the parking meter apps market growth in this region. Further, parking meter apps market witnessed a decline in performance in South America as the majority of stimulus package deployed by governments were focused on public healthcare and tax relief. However, decrease in the number of new cases, relaxations in COVID-led restrictions, and investments and changes in production processes are anticipated to promote market recovery in this region.
Market Overview and Dynamics
The parking meter apps market in South America is expected to grow from US$ 1.34 million in 2021 to US$ 3.80 million by 2028; it is estimated to grow at a CAGR of 16.1% from 2021 to 2028. Smart parking systems require the compatibility of core hardware devices and software applications. Currently, many companies provide equipment or services to the smart parking industry, making it unclear to what extent software and hardware standards are shared across different equipment vendors. All hardware devices need to be compatible with all software services. Thus, the organizations working on smart parking systems need to combine and develop a standard, thereby eliminating compatibility issues and in turn eliminating a barrier in the development of the smart parking systems to a great extent. Apart from technological complexities, higher prices of parking meter systems and services are also limiting the progress of several cities and municipalities in developing countries. As the parking meter apps industry is still a niche one, the developers and service providers are integrating different technologies to attract customers. However, the integration of advanced technologies and software triggers the upfront cost of the systems. The future of parking meter apps is anticipated to be prominent with lowering prices of the final products. This factor is expected to substantially increase the procurement of such technologies, which would help the cities and municipalities in developing countries to optimize their parking.
Key Market Segments
Based on platform, the android segment accounted for the largest share of the South America parking meter apps market in 2020. Based on end-user, the personal segment accounted for the largest share of the South 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 South 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); Passport Labs, Inc.; and Flowbird.
Reasons to buy report
- To understand the South 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 South America parking meter apps market
- Efficiently plan M&A and partnership deals in South 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 South America parking meter apps market
- Obtain market revenue forecast for market by various segments from 2019-2028 in South America region.
South America Parking Meter Apps Market Segmentation
South America Parking Meter Apps Market – By Platform
- Android
- iOS
South America Parking Meter Apps Market – By End-User
- Personal
- Businesses
South America Parking Meter Apps Market – By Country
- Brazil
- Argentina
- Rest of South America
South America Parking Meter Apps Market – Company Profiles
- INRIX, Inc.
- Parkopedia
- Arrive (ParkWhiz)
- Passport Labs, Inc.
- Flowbird
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. Parking Meter Apps Market Landscape
4.1 Market Overview
4.2.1 SAM
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Parking Meter Apps Market – Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Heightening Number of Vehicles on Road
5.1.2 Surge in the Usage of Smart Technologies
5.2 Key Market Restraints
5.2.1 Lack of Knowledge 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 Reduction in Cost of Systems Together with Simplification of Technologies
5.4 Future Trends
5.4.1 Development of Green Buildings and Smart Cities
5.5 Impact Analysis of Drivers and Restraints
6. Parking Meter Apps – South America Market Analysis
6.1 South America Parking Meter Apps Market Overview
6.2 South America Parking Meter Apps Market Revenue Forecast and Analysis
7. South 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. South 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. South America Parking Meter Apps Market – Country Analysis
9.1 South America: Parking Meter Apps Market
9.1.1 South America: Parking Meter Apps Market, By Country
9.1.1.1 Brazil: Parking Meter Apps Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.1.1 Brazil: Parking Meter Apps Market, By Platform
9.1.1.1.2 Brazil: Parking Meter Apps Market, By End user
9.1.1.2 Argentina: Parking Meter Apps Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.2.1 Argentina: Parking Meter Apps Market, By Platform
9.1.1.2.2 Argentina: Parking Meter Apps Market, By End user
9.1.1.3 Rest of South America: Parking Meter Apps Market – Revenue and Forecast to 2027 (US$ Million)
9.1.1.3.1 Rest of South America: Parking Meter Apps Market, By Platform
9.1.1.3.2 Rest of South America: Parking Meter Apps Market, By End user
10. South America Parking Meter Apps Market - Covid-19 Impact Analysis
10.1 Overview
10.2 South America Impact Assessment of Covid-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 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 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
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. South America Parking Meter Apps Market Revenue and Forecast to 2028 (US$ Million)
Table 2. Brazil Parking Meter Apps Market, By Platform– Revenue and Forecast to 2027 (US$ Million)
Table 3. Brazil Parking Meter Apps Market, By End user – Revenue and Forecast to 2027 (US$ Million)
Table 4. Argentina Parking Meter Apps Market, By Platform– Revenue and Forecast to 2027 (US$ Million)
Table 5. Argentina Parking Meter Apps Market, By End user – Revenue and Forecast to 2027 (US$ Million)
Table 6. Rest of South America Parking Meter Apps Market, By Platform– Revenue and Forecast to 2027 (US$ Million)
Table 7. Rest of South America 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. South 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. SAM PEST Analysis
Figure 8. Parking Meter Apps Market- Ecosystem Analysis
Figure 9. Parking Meter Apps Market Impact Analysis of Drivers and Restraints
Figure 10. South 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 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. South America: Parking Meter Apps Market, by Key Country – Revenue (2020) (USD Million)
Figure 18. South America: Parking Meter Apps Market Revenue Share, By Country (2020 and 2028)
Figure 19. Brazil: Parking Meter Apps Market – Revenue and Forecast to 2027 (US$ Million)
Figure 20. Argentina: Parking Meter Apps Market – Revenue and Forecast to 2027 (US$ Million)
Figure 21. Rest of South America: Parking Meter Apps Market – Revenue and Forecast to 2027 (US$ Million)
Figure 22. Impact of Covid-19 Pandemic in South America Country Markets
- INRIX, Inc.
- Parkopedia
- Arrive (ParkWhiz)
- Passport Labs, Inc.
- Flowbird
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the South 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 South 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 South America market trends and outlook coupled with the factors driving the South 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