Global Parking Meter Apps Market Size & Forecast to 2031

Parking Meter Apps Market Size and Forecast (2021-2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Platform (Android and IOS), End User (Personal and Business), and Geography

Publication Month : Jul 2025

  • Report Code : TIPRE00025549
  • Category : Technology, Media and Telecommunications
  • Status : Published
  • No. of Pages : 178
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The parking meter apps market size was valued at US$159.31 million in 2024 and is expected to reach US$1450.01 million by 2031; it is estimated to register a CAGR of 16.1% during 2025–2031. The development of AI-powered parking solutions is likely to bring new market trends in the future.

Parking Meter Apps Market Analysis

The increasing penetration of smartphones and a surging number of vehicles are key factors driving the growth of the parking meter apps market. The rising urbanization & smart city initiatives, and integration with EV charging stations are expected to generate lucrative opportunities for the market in the upcoming years. The adoption of AI-powered parking solutions is likely to emerge as a key trend in the market in the future. However, infrastructure challenges hamper the market growth.

Parking Meter Apps Market Overview

Parking meter apps are mobile applications that allow users to locate, reserve, and pay for parking spaces digitally. They eliminate the need for physical meters or cash transactions. These apps offer real-time availability data, GPS-based navigation to parking spots, remote session extensions, expiration alerts, and seamless digital payments through credit cards or mobile wallets. The shift toward cashless and contactless payments, accelerated by the COVID-19 pandemic, has made digital parking solutions more appealing to users and municipalities. The global push toward smart city infrastructure has encouraged public and private investments in IoT-enabled parking systems, many of which rely on mobile app integration. Government initiatives to reduce traffic congestion and carbon emissions favor mobile-managed parking, as it reduces the time vehicles spend idling while searching for parking. The integration of parking apps with navigation and payment platforms expands the market’s potential. As consumer expectations for convenience and real-time services grow, parking meter apps are positioned as essential tools in urban mobility ecosystems.

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Parking Meter Apps Market: Strategic Insights

parking-meter-apps-market
Market Size Value inUS$ 62.2 million in 2021
Market Size Value byUS$ 234.2 million by 2028
Growth rateCAGR of 18.7% from 2021 to 2028
Forecast Period2021-2028
Base Year2021
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Parking Meter Apps Market Drivers and Opportunities

Increasing Penetration of Smartphones

The rapid proliferation of smartphones worldwide is transforming how people interact with digital services, driving significant shifts across multiple industries. The parking solutions sector has experienced profound changes as consumers increasingly rely on mobile technology to enhance convenience and efficiency.

According to the GSMA’s 2023 State of Mobile Internet Connectivity Report (SOMIC), on October 11, 2023, over half of the global population, approximately 4.3 billion individuals, owned a smartphone. This widespread smartphone adoption influences consumer behavior, increasing awareness and utilization of mobile internet services across diverse applications. Nearly 4 billion people access the internet via smartphones, representing ~49% of the world’s population. This access makes mobile technology beneficial for digital engagement. As smartphone penetration expands, users seek convenient, real-time solutions to urban challenges such as parking. The accessibility of mobile internet enables seamless adoption of app-based parking meters. It allows drivers to locate, reserve, and pay for parking spaces efficiently. The rising familiarity with mobile applications is facilitating greater acceptance of digital payment methods and smart parking innovations.

The growing urban population is intensifying the demand for efficient parking solutions, making mobile technology crucial for delivering smarter, more accessible parking experiences. Advances in mobile connectivity and smartphones are set to boost adoption and innovation in parking meter apps globally.

Rising Urbanization & Smart City Initiatives

According to projections by the United Nations, nearly 68% of the global population is expected to reside in urban areas by 2050. This mass migration from rural to urban environments is already well underway in major economies. China’s urbanization rate rose from just 11% in 1949 to 66% in 2023. This rapid urban growth has intensified demand for smarter, more sustainable urban infrastructure, including intelligent mobility and parking management systems.

In India, where urbanization is closely linked to large-scale infrastructure initiatives, the government is shaping the future of smart cities. On August 28, 2024, the Cabinet Committee on Economic Affairs (CCEA) was chaired by Prime Minister Narendra Modi. It approved 12 new smart city projects under the National Industrial Corridor Development Programme (NICDP). With a committed investment of INR 286.02 billion (approximately US$3.41 billion), these projects are designed to catalyze urban transformation. They are expected to attract an additional INR 1.52 trillion (US$18.12 billion) from large-scale industries and micro, small, and medium enterprises (MSMEs). Parking meter apps stand to benefit from these developments. As urban centers expand and modernize, the need for efficient parking solutions becomes more acute. Digital parking applications play a vital role in reducing traffic congestion, enhancing user convenience, and optimizing the use of urban space. The integration of these apps into urban mobility ecosystems supports real-time parking availability, cashless transactions, and data-driven traffic management. Smart city initiatives often include mandates for digital infrastructure and mobility innovation. They make parking meter apps a natural fit for public-private partnerships and municipal smart mobility strategies. Thus, the global trend toward urbanization, when coupled with large-scale investments in smart city development, is expected to create a growth opportunity for the market in the future.

Parking Meter Apps Market Report Segmentation Analysis

Key segments that contributed to the derivation of the parking meter apps market analysis are platform and end user.

  • By platform, the market is divided into Android and iOS. The Android segment dominated the market in 2024.
  • Based on end user, the market is divided into personal and business.. The personal segment dominated the market in 2024.

Parking Meter Apps Market Share Analysis by Geography

  • The parking meter apps market is segmented into five major regions: North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. North America dominated the parking meter apps market in 2024. Europe is the second-largest contributor to the global parking meter apps market, followed by Asia Pacific.
  • The parking meter apps market in North America is categorized into the US, Canada, and Mexico. Widespread smartphone penetration, smart city initiatives, and strong public-private partnerships drive the growth of the North America parking meter apps market. The US and Canada lead the region. Cities such as New York, San Francisco, Toronto, and Chicago are adopting digital parking systems to streamline operations and reduce congestion. Mobile apps such as ParkMobile, PayByPhone, ParkWhiz, and SpotHero offer features such as contactless payments, real-time space tracking, and advanced booking. Government support through smart mobility programs and municipal digitization budgets has spurred the adoption of app-based parking. The region benefits from partnerships between municipalities and private companies, as seen in ParkMobile’s integration into city planning and transit systems. The user demand for convenience and minimal physical contact, especially post-pandemic, drives market expansion. The presence of organizations such as the International Parking & Mobility Institute (IPMI) fosters innovation and best practice sharing, strengthening the regional ecosystem.

Parking Meter Apps Market Report Scope

Parking Meter Apps Market News and Recent Developments

The parking meter apps market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. Key developments in the parking meter apps market are listed below:

  • Kalibrate, a location analytics firm, announced an enterprise-wide partnership with INRIX, Inc., a provider of mobility data and analytics for cities, road authorities, and businesses. This move underscores Kalibrate’s commitment to using connected device data to support its location-based consulting services and its platform, Kalibrate Location Intelligence (KLI). With data from vehicles, mobile devices, multimodal systems, parking services, etc, INRIX helps businesses and cities monitor, measure, and manage how people and goods move throughout the day. This partnership enables Kalibrate to leverage the power of INRIX data more broadly, streamlining the process of selecting optimal business locations with efficiency, cost-effectiveness, and accuracy.

(Source: Kalibrate, Press Release, January 2024)

  • EasyPark Group, a provider of digital parking and mobility solutions, unveiled a new name and identity to better align with the company’s vision to make cities more livable. Arrive, the new company name, will replace EasyPark Group and Flowbird Group. It will be the overarching parent company for the consumer brands EasyPark, Flowbird, ParkMobile, Parkopedia, RingGo, Yellowbrick, Your Parking Space, and other brands within the organization.

(Source: EasyPark Group, Press Release, January 2025)

Parking Meter Apps Market Report Coverage and Deliverables

The "Parking Meter Apps Market Size and Forecast (2021–2031)" provides a detailed analysis of the market covering the areas mentioned below:

  • Parking meter apps market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
  • Parking meter apps market trends, as well as market dynamics such as drivers, restraints, and key opportunities
  • Detailed PEST and SWOT analysis
  • Parking meter apps market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
  • Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the parking meter apps market
  • Detailed company profiles
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Platform, and End User

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


What is the expected CAGR of the parking meter apps market?

The market is anticipated to expand at a CAGR of 16.1% during 2025-2031.

What are the driving factors impacting the parking meter apps market?

Increasing penetration of smartphones and surging number of vehicles are driving the market growth.

What are the future trends of the parking meter apps market?

AI-powered parking solutions is one of the key trends in the market.

Which are the leading players operating in the parking meter apps market?

SpotHero, JustPark, Arrive, PayByPhone, and ParkWhiz are the major players in the market.

What would be the estimated value of the parking meter apps market by 2031?

The market is expected to reach a value of US$ 450.01 million by 2031.

1. Introduction

1.1 Report Guidance

1.2 Market Segmentation

2. Executive Summary

2.1 Analyst Market Outlook

2.2 Market Attractiveness

3. Research Methodology

3.1 Secondary Research

3.2 Primary Research

3.2.1 Hypothesis formulation:

3.2.2 Macro-economic factor analysis:

3.2.3 Developing base number:

3.2.4 Data Triangulation:

3.2.5 Country level data:

3.3 Assumptions and Limitations

4. Parking Meter Apps Market Landscape

4.1 Overview

4.2 PEST Analysis

4.3 Ecosystem Analysis

4.3.1 App Developers and Providers:

4.3.2 Payment Solution Providers:

4.3.3 Municipalities and Government Authorities:

4.3.4 End Users (Drivers and Vehicle Owners):

4.3.5 Industry Associations and Regulatory Bodies:

4.3.6 List of Vendors in the Value Chain

4.4 Analysis of Mobile Parking App Transactions Across Various Market Players

4.4.1 Parkmobile, LLC

4.4.2 JustPark Parking Limited

4.4.3 ParkWhiz

4.4.4 FLOWBIRD

4.4.5 BestParking

4.4.6 ParkingRhino

4.4.7 IEM SA

4.4.8 EasyPark AB

4.4.9 Empark (Telpark)

4.4.10 Flash Parking

5. Parking Meter Apps Market – Key Market Dynamics

5.1 Parking Meter Apps Market – Key Market Dynamics

5.2 Market Drivers

5.2.1 Increasing Penetration of Smartphones

5.2.2 Surging Number of Vehicles

5.3 Market Restraints

5.3.1 Soaring Infrastructure Challenges

5.4 Market Opportunities

5.4.1 Rising Urbanization & Smart City Initiatives

5.4.2 Integration with EV Charging Stations

5.5 Future Trends

5.5.1 AI-powered Parking Solutions

5.6 Impact of Drivers and Restraints:

6. Parking Meter Apps Market – Global Market Analysis

6.1 Parking Meter Apps Market Revenue (US$ Million), 2021–2031

6.2 Parking Meter Apps Market Forecast Analysis

7. Parking Meter Apps Market Analysis – by Platform

7.1 Android

7.1.1 Overview

7.1.2 Android: Parking Meter Apps Market – Revenue and Forecast to 2031 (US$ Million)

7.2 IOS

7.2.1 Overview

7.2.2 IOS: Parking Meter Apps Market – Revenue and Forecast to 2031 (US$ Million)

8. Parking Meter Apps Market Analysis – by End User

8.1 Personal

8.1.1 Overview

8.1.2 Personal: Parking Meter Apps Market – Revenue and Forecast to 2031 (US$ Million)

8.2 Businesses

8.2.1 Overview

8.2.2 Businesses: Parking Meter Apps Market – Revenue and Forecast to 2031 (US$ Million)

9. Parking Meter Apps Market – Geographical Analysis

9.1 Overview

9.2 North America

9.2.1 North America Parking Meter Apps Market Overview

9.2.2 North America: Parking Meter Apps Market – Revenue, 2021–2031 (US$ Million)

9.2.3 North America: Parking Meter Apps Market Breakdown, by Platform

9.2.3.1 North America: Parking Meter Apps Market – Revenue and Forecast Analysis – by Platform

9.2.4 North America: Parking Meter Apps Market Breakdown, by End User

9.2.4.1 North America: Parking Meter Apps Market – Revenue and Forecast Analysis – by End User

9.2.5 North America: Parking Meter Apps Market – Revenue and Forecast Analysis – by Country

9.2.5.1 North America: Parking Meter Apps Market – Revenue and Forecast Analysis – by Country

9.2.5.2 United States: Parking Meter Apps Market – Revenue and Forecast, 2021–2031 (US$ Million)

9.2.5.2.1 United States: Parking Meter Apps Market Breakdown, by Platform

9.2.5.2.2 United States: Parking Meter Apps Market Breakdown, by End User

9.2.5.3 Canada: Parking Meter Apps Market – Revenue and Forecast, 2021–2031 (US$ Million)

9.2.5.3.1 Canada: Parking Meter Apps Market Breakdown, by Platform

9.2.5.3.2 Canada: Parking Meter Apps Market Breakdown, by End User

9.2.5.4 Mexico: Parking Meter Apps Market – Revenue and Forecast, 2021–2031 (US$ Million)

9.2.5.4.1 Mexico: Parking Meter Apps Market Breakdown, by Platform

9.2.5.4.2 Mexico: Parking Meter Apps Market Breakdown, by End User

9.3 Europe

9.3.1 Europe Parking Meter Apps Market Overview

9.3.2 Europe: Parking Meter Apps Market – Revenue, 2021–2031 (US$ Million)

9.3.3 Europe: Parking Meter Apps Market Breakdown, by Platform

9.3.3.1 Europe: Parking Meter Apps Market – Revenue and Forecast Analysis – by Platform

9.3.4 Europe: Parking Meter Apps Market Breakdown, by End User

9.3.4.1 Europe: Parking Meter Apps Market – Revenue and Forecast Analysis – by End User

9.3.5 Europe: Parking Meter Apps Market – Revenue and Forecast Analysis – by Country

9.3.5.1 Europe: Parking Meter Apps Market – Revenue and Forecast Analysis – by Country

9.3.5.2 Germany: Parking Meter Apps Market – Revenue and Forecast, 2021–2031 (US$ Million)

9.3.5.2.1 Germany: Parking Meter Apps Market Breakdown, by Platform

9.3.5.2.2 Germany: Parking Meter Apps Market Breakdown, by End User

9.3.5.3 United Kingdom: Parking Meter Apps Market – Revenue and Forecast, 2021–2031 (US$ Million)

9.3.5.3.1 United Kingdom: Parking Meter Apps Market Breakdown, by Platform

9.3.5.3.2 United Kingdom: Parking Meter Apps Market Breakdown, by End User

9.3.5.4 France: Parking Meter Apps Market – Revenue and Forecast, 2021–2031 (US$ Million)

9.3.5.4.1 France: Parking Meter Apps Market Breakdown, by Platform

9.3.5.4.2 France: Parking Meter Apps Market Breakdown, by End User

9.3.5.5 Italy: Parking Meter Apps Market – Revenue and Forecast, 2021–2031 (US$ Million)

9.3.5.5.1 Italy: Parking Meter Apps Market Breakdown, by Platform

9.3.5.5.2 Italy: Parking Meter Apps Market Breakdown, by End User

9.3.5.6 Russia: Parking Meter Apps Market – Revenue and Forecast, 2021–2031 (US$ Million)

9.3.5.6.1 Russia: Parking Meter Apps Market Breakdown, by Platform

9.3.5.6.2 Russia: Parking Meter Apps Market Breakdown, by End User

9.3.5.7 Rest of Europe: Parking Meter Apps Market – Revenue and Forecast, 2021–2031 (US$ Million)

9.3.5.7.1 Rest of Europe: Parking Meter Apps Market Breakdown, by Platform

9.3.5.7.2 Rest of Europe: Parking Meter Apps Market Breakdown, by End User

9.4 Asia Pacific

9.4.1 Asia Pacific Parking Meter Apps Market Overview

9.4.2 Asia Pacific: Parking Meter Apps Market – Revenue, 2021–2031 (US$ Million)

9.4.3 Asia Pacific: Parking Meter Apps Market Breakdown, by Platform

9.4.3.1 Asia Pacific: Parking Meter Apps Market – Revenue and Forecast Analysis – by Platform

9.4.4 Asia Pacific: Parking Meter Apps Market Breakdown, by End User

9.4.4.1 Asia Pacific: Parking Meter Apps Market – Revenue and Forecast Analysis – by End User

9.4.5 Asia Pacific: Parking Meter Apps Market – Revenue and Forecast Analysis – by Country

9.4.5.1 Asia Pacific: Parking Meter Apps Market – Revenue and Forecast Analysis – by Country

9.4.5.2 China: Parking Meter Apps Market – Revenue and Forecast, 2021–2031 (US$ Million)

9.4.5.2.1 China: Parking Meter Apps Market Breakdown, by Platform

9.4.5.2.2 China: Parking Meter Apps Market Breakdown, by End User

9.4.5.3 Japan: Parking Meter Apps Market – Revenue and Forecast, 2021–2031 (US$ Million)

9.4.5.3.1 Japan: Parking Meter Apps Market Breakdown, by Platform

9.4.5.3.2 Japan: Parking Meter Apps Market Breakdown, by End User

9.4.5.4 India: Parking Meter Apps Market – Revenue and Forecast, 2021–2031 (US$ Million)

9.4.5.4.1 India: Parking Meter Apps Market Breakdown, by Platform

9.4.5.4.2 India: Parking Meter Apps Market Breakdown, by End User

9.4.5.5 South Korea: Parking Meter Apps Market – Revenue and Forecast, 2021–2031 (US$ Million)

9.4.5.5.1 South Korea: Parking Meter Apps Market Breakdown, by Platform

9.4.5.5.2 South Korea: Parking Meter Apps Market Breakdown, by End User

9.4.5.6 Australia: Parking Meter Apps Market – Revenue and Forecast, 2021–2031 (US$ Million)

9.4.5.6.1 Australia: Parking Meter Apps Market Breakdown, by Platform

9.4.5.6.2 Australia: Parking Meter Apps Market Breakdown, by End User

9.4.5.7 Rest of APAC: Parking Meter Apps Market – Revenue and Forecast, 2021–2031 (US$ Million)

9.4.5.7.1 Rest of APAC: Parking Meter Apps Market Breakdown, by Platform

9.4.5.7.2 Rest of APAC: Parking Meter Apps Market Breakdown, by End User

9.5 Middle East and Africa

9.5.1 Middle East and Africa Parking Meter Apps Market Overview

9.5.2 Middle East and Africa: Parking Meter Apps Market – Revenue, 2021–2031 (US$ Million)

9.5.3 Middle East and Africa: Parking Meter Apps Market Breakdown, by Platform

9.5.3.1 Middle East and Africa: Parking Meter Apps Market – Revenue and Forecast Analysis – by Platform

9.5.4 Middle East and Africa: Parking Meter Apps Market Breakdown, by End User

9.5.4.1 Middle East and Africa: Parking Meter Apps Market – Revenue and Forecast Analysis – by End User

9.5.5 Middle East and Africa: Parking Meter Apps Market – Revenue and Forecast Analysis – by Country

9.5.5.1 Middle East and Africa: Parking Meter Apps Market – Revenue and Forecast Analysis – by Country

9.5.5.2 Saudi Arabia: Parking Meter Apps Market – Revenue and Forecast, 2021–2031 (US$ Million)

9.5.5.2.1 Saudi Arabia: Parking Meter Apps Market Breakdown, by Platform

9.5.5.2.2 Saudi Arabia: Parking Meter Apps Market Breakdown, by End User

9.5.5.3 United Arab Emirates: Parking Meter Apps Market – Revenue and Forecast, 2021–2031 (US$ Million)

9.5.5.3.1 United Arab Emirates: Parking Meter Apps Market Breakdown, by Platform

9.5.5.3.2 United Arab Emirates: Parking Meter Apps Market Breakdown, by End User

9.5.5.4 South Africa: Parking Meter Apps Market – Revenue and Forecast, 2021–2031 (US$ Million)

9.5.5.4.1 South Africa: Parking Meter Apps Market Breakdown, by Platform

9.5.5.4.2 South Africa: Parking Meter Apps Market Breakdown, by End User

9.5.5.5 Rest of Middle East and Africa: Parking Meter Apps Market – Revenue and Forecast, 2021–2031 (US$ Million)

9.5.5.5.1 Rest of Middle East and Africa: Parking Meter Apps Market Breakdown, by Platform

9.5.5.5.2 Rest of Middle East and Africa: Parking Meter Apps Market Breakdown, by End User

9.6 South and Central America

9.6.1 South and Central America Parking Meter Apps Market Overview

9.6.2 South and Central America: Parking Meter Apps Market – Revenue, 2021–2031 (US$ Million)

9.6.3 South and Central America: Parking Meter Apps Market Breakdown, by Platform

9.6.3.1 South and Central America: Parking Meter Apps Market – Revenue and Forecast Analysis – by Platform

9.6.4 South and Central America: Parking Meter Apps Market Breakdown, by End User

9.6.4.1 South and Central America: Parking Meter Apps Market – Revenue and Forecast Analysis – by End User

9.6.5 South and Central America: Parking Meter Apps Market – Revenue and Forecast Analysis – by Country

9.6.5.1 South and Central America: Parking Meter Apps Market – Revenue and Forecast Analysis – by Country

9.6.5.2 Brazil: Parking Meter Apps Market – Revenue and Forecast, 2021–2031 (US$ Million)

9.6.5.2.1 Brazil: Parking Meter Apps Market Breakdown, by Platform

9.6.5.2.2 Brazil: Parking Meter Apps Market Breakdown, by End User

9.6.5.3 Argentina: Parking Meter Apps Market – Revenue and Forecast, 2021–2031 (US$ Million)

9.6.5.3.1 Argentina: Parking Meter Apps Market Breakdown, by Platform

9.6.5.3.2 Argentina: Parking Meter Apps Market Breakdown, by End User

9.6.5.4 Rest of South and Central America: Parking Meter Apps Market – Revenue and Forecast, 2021–2031 (US$ Million)

9.6.5.4.1 Rest of South and Central America: Parking Meter Apps Market Breakdown, by Platform

9.6.5.4.2 Rest of South and Central America: Parking Meter Apps Market Breakdown, by End User

10. Competitive Landscape

10.1 Company Positioning & Concentration

10.2 Company Market Share Analysis, 2024

10.3 Company Benchmarking of key Stakeholders

11. Industry Landscape

11.1 Overview

11.2 Market Initiative

11.3 Product News & Company News

11.4 Collaboration and Mergers & Acquisitions

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 Arrive

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 SpotHero, 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 APCOA Group GmbH

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 Telepark(Empark)

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

12.9 Parkster

12.9.1 Key Facts

12.9.2 Business Description

12.9.3 Products and Services

12.9.4 Financial Overview

12.9.5 SWOT Analysis

12.9.6 Key Developments

12.10 Parclick

12.10.1 Key Facts

12.10.2 Business Description

12.10.3 Products and Services

12.10.4 Financial Overview

12.10.5 SWOT Analysis

12.10.6 Key Developments

12.11 SI.GE.RI.CO. Spa

12.11.1 Key Facts

12.11.2 Business Description

12.11.3 Products and Services

12.11.4 Financial Overview

12.11.5 SWOT Analysis

12.11.6 Key Developments

12.12 Parklio

12.12.1 Key Facts

12.12.2 Business Description

12.12.3 Products and Services

12.12.4 Financial Overview

12.12.5 SWOT Analysis

12.12.6 Key Developments

12.13 Blinkay Mobility

12.13.1 Key Facts

12.13.2 Business Description

12.13.3 Products and Services

12.13.4 Financial Overview

12.13.5 SWOT Analysis

12.13.6 Key Developments

12.14 PayByPhone

12.14.1 Key Facts

12.14.2 Business Description

12.14.3 Products and Services

12.14.4 Financial Overview

12.14.5 SWOT Analysis

12.14.6 Key Developments

12.15 Pango

12.15.1 Key Facts

12.15.2 Business Description

12.15.3 Products and Services

12.15.4 Financial Overview

12.15.5 SWOT Analysis

12.15.6 Key Developments

13. Appendix

13.1 Word Index

13.2 About the Insight Partners

List of Tables

Table 1. Parking Meter Apps Market Segmentation

Table 2. List of Vendors

Table 3. Smartphone Penetration by Country (2024)

Table 4. Parking Meter Apps Market – Revenue, 2021–2024 (US$ Million)

Table 5. Parking Meter Apps Market – Revenue Forecast, 2025–2031 (US$ Million)

Table 6. Parking Meter Apps Market – Revenue, 2021–2024 (US$ Million) – by Platform

Table 7. Parking Meter Apps Market – Revenue Forecast, 2025–2031 (US$ Million) – by Platform

Table 8. Parking Meter Apps Market – Revenue, 2021–2024 (US$ Million) – by End User

Table 9. Parking Meter Apps Market – Revenue Forecast, 2025–2031 (US$ Million) – by End User

Table 10. North America: Parking Meter Apps Market – Revenue, 2021–2024 (US$ Million) – by Platform

Table 11. North America: Parking Meter Apps Market – Revenue Forecast, 2025–2031 (US$ Million) – by Platform

Table 12. North America: Parking Meter Apps Market – Revenue, 2021–2024 (US$ Million) – by End User

Table 13. North America: Parking Meter Apps Market – Revenue Forecast, 2025–2031 (US$ Million) – by End User

Table 14. North America: Parking Meter Apps Market – Revenue, 2021–2024 (US$ Million) – by Country

Table 15. North America: Parking Meter Apps Market – Revenue Forecast, 2025–2031 (US$ Million) – by Country

Table 16. United States: Parking Meter Apps Market – Revenue, 2021–2024 (US$ Million) – by Platform

Table 17. United States: Parking Meter Apps Market – Revenue Forecast, 2025–2031 (US$ Million) – by Platform

Table 18. United States: Parking Meter Apps Market – Revenue, 2021–2024 (US$ Million) – by End User

Table 19. United States: Parking Meter Apps Market – Revenue Forecast, 2025–2031 (US$ Million) – by End User

Table 20. Canada: Parking Meter Apps Market – Revenue, 2021–2024 (US$ Million) – by Platform

Table 21. Canada: Parking Meter Apps Market – Revenue Forecast, 2025–2031 (US$ Million) – by Platform

Table 22. Canada: Parking Meter Apps Market – Revenue, 2021–2024 (US$ Million) – by End User

Table 23. Canada: Parking Meter Apps Market – Revenue Forecast, 2025–2031 (US$ Million) – by End User

Table 24. Mexico: Parking Meter Apps Market – Revenue, 2021–2024 (US$ Million) – by Platform

Table 25. Mexico: Parking Meter Apps Market – Revenue Forecast, 2025–2031 (US$ Million) – by Platform

Table 26. Mexico: Parking Meter Apps Market – Revenue, 2021–2024 (US$ Million) – by End User

Table 27. Mexico: Parking Meter Apps Market – Revenue Forecast, 2025–2031 (US$ Million) – by End User

Table 28. Europe: Parking Meter Apps Market – Revenue, 2021–2024 (US$ Million) – by Platform

Table 29. Europe: Parking Meter Apps Market – Revenue Forecast, 2025–2031 (US$ Million) – by Platform

Table 30. Europe: Parking Meter Apps Market – Revenue, 2021–2024 (US$ Million) – by End User

Table 31. Europe: Parking Meter Apps Market – Revenue Forecast, 2025–2031 (US$ Million) – by End User

Table 32. Europe: Parking Meter Apps Market – Revenue, 2021–2024 (US$ Million) – by Country

Table 33. Europe: Parking Meter Apps Market – Revenue Forecast, 2025–2031 (US$ Million) – by Country

Table 34. Germany: Parking Meter Apps Market – Revenue, 2021–2024 (US$ Million) – by Platform

Table 35. Germany: Parking Meter Apps Market – Revenue Forecast, 2025–2031 (US$ Million) – by Platform

Table 36. Germany: Parking Meter Apps Market – Revenue, 2021–2024 (US$ Million) – by End User

Table 37. Germany: Parking Meter Apps Market – Revenue Forecast, 2025–2031 (US$ Million) – by End User

Table 38. United Kingdom: Parking Meter Apps Market – Revenue, 2021–2024 (US$ Million) – by Platform

Table 39. United Kingdom: Parking Meter Apps Market – Revenue Forecast, 2025–2031 (US$ Million) – by Platform

Table 40. United Kingdom: Parking Meter Apps Market – Revenue, 2021–2024 (US$ Million) – by End User

Table 41. United Kingdom: Parking Meter Apps Market – Revenue Forecast, 2025–2031 (US$ Million) – by End User

Table 42. France: Parking Meter Apps Market – Revenue, 2021–2024 (US$ Million) – by Platform

Table 43. France: Parking Meter Apps Market – Revenue Forecast, 2025–2031 (US$ Million) – by Platform

Table 44. France: Parking Meter Apps Market – Revenue, 2021–2024 (US$ Million) – by End User

Table 45. France: Parking Meter Apps Market – Revenue Forecast, 2025–2031 (US$ Million) – by End User

Table 46. Italy: Parking Meter Apps Market – Revenue, 2021–2024 (US$ Million) – by Platform

Table 47. Italy: Parking Meter Apps Market – Revenue Forecast, 2025–2031 (US$ Million) – by Platform

Table 48. Italy: Parking Meter Apps Market – Revenue, 2021–2024 (US$ Million) – by End User

Table 49. Italy: Parking Meter Apps Market – Revenue Forecast, 2025–2031 (US$ Million) – by End User

Table 50. Russia: Parking Meter Apps Market – Revenue, 2021–2024 (US$ Million) – by Platform

Table 51. Russia: Parking Meter Apps Market – Revenue Forecast, 2025–2031 (US$ Million) – by Platform

Table 52. Russia: Parking Meter Apps Market – Revenue, 2021–2024 (US$ Million) – by End User

Table 53. Russia: Parking Meter Apps Market – Revenue Forecast, 2025–2031 (US$ Million) – by End User

Table 54. Rest of Europe: Parking Meter Apps Market – Revenue, 2021–2024 (US$ Million) – by Platform

Table 55. Rest of Europe: Parking Meter Apps Market – Revenue Forecast, 2025–2031 (US$ Million) – by Platform

Table 56. Rest of Europe: Parking Meter Apps Market – Revenue, 2021–2024 (US$ Million) – by End User

Table 57. Rest of Europe: Parking Meter Apps Market – Revenue Forecast, 2025–2031 (US$ Million) – by End User

Table 58. Asia Pacific: Parking Meter Apps Market – Revenue, 2021–2024 (US$ Million) – by Platform

Table 59. Asia Pacific: Parking Meter Apps Market – Revenue Forecast, 2025–2031 (US$ Million) – by Platform

Table 60. Asia Pacific: Parking Meter Apps Market – Revenue, 2021–2024 (US$ Million) – by End User

Table 61. Asia Pacific: Parking Meter Apps Market – Revenue Forecast, 2025–2031 (US$ Million) – by End User

Table 62. Asia Pacific: Parking Meter Apps Market – Revenue, 2021–2024 (US$ Million) – by Country

Table 63. Asia Pacific: Parking Meter Apps Market – Revenue Forecast, 2025–2031 (US$ Million) – by Country

Table 64. China: Parking Meter Apps Market – Revenue, 2021–2024 (US$ Million) – by Platform

Table 65. China: Parking Meter Apps Market – Revenue Forecast, 2025–2031 (US$ Million) – by Platform

Table 66. China: Parking Meter Apps Market – Revenue, 2021–2024 (US$ Million) – by End User

Table 67. China: Parking Meter Apps Market – Revenue Forecast, 2025–2031 (US$ Million) – by End User

Table 68. Japan: Parking Meter Apps Market – Revenue, 2021–2024 (US$ Million) – by Platform

Table 69. Japan: Parking Meter Apps Market – Revenue Forecast, 2025–2031 (US$ Million) – by Platform

Table 70. Japan: Parking Meter Apps Market – Revenue, 2021–2024 (US$ Million) – by End User

Table 71. Japan: Parking Meter Apps Market – Revenue Forecast, 2025–2031 (US$ Million) – by End User

Table 72. India: Parking Meter Apps Market – Revenue, 2021–2024 (US$ Million) – by Platform

Table 73. India: Parking Meter Apps Market – Revenue Forecast, 2025–2031 (US$ Million) – by Platform

Table 74. India: Parking Meter Apps Market – Revenue, 2021–2024 (US$ Million) – by End User

Table 75. India: Parking Meter Apps Market – Revenue Forecast, 2025–2031 (US$ Million) – by End User

Table 76. South Korea: Parking Meter Apps Market – Revenue, 2021–2024 (US$ Million) – by Platform

Table 77. South Korea: Parking Meter Apps Market – Revenue Forecast, 2025–2031 (US$ Million) – by Platform

Table 78. South Korea: Parking Meter Apps Market – Revenue, 2021–2024 (US$ Million) – by End User

Table 79. South Korea: Parking Meter Apps Market – Revenue Forecast, 2025–2031 (US$ Million) – by End User

Table 80. Australia: Parking Meter Apps Market – Revenue, 2021–2024 (US$ Million) – by Platform

Table 81. Australia: Parking Meter Apps Market – Revenue Forecast, 2025–2031 (US$ Million) – by Platform

Table 82. Australia: Parking Meter Apps Market – Revenue, 2021–2024 (US$ Million) – by End User

Table 83. Australia: Parking Meter Apps Market – Revenue Forecast, 2025–2031 (US$ Million) – by End User

Table 84. Rest of APAC: Parking Meter Apps Market – Revenue, 2021–2024 (US$ Million) – by Platform

Table 85. Rest of APAC: Parking Meter Apps Market – Revenue Forecast, 2025–2031 (US$ Million) – by Platform

Table 86. Rest of APAC: Parking Meter Apps Market – Revenue, 2021–2024 (US$ Million) – by End User

Table 87. Rest of APAC: Parking Meter Apps Market – Revenue Forecast, 2025–2031 (US$ Million) – by End User

Table 88. Middle East and Africa: Parking Meter Apps Market – Revenue, 2021–2024 (US$ Million) – by Platform

Table 89. Middle East and Africa: Parking Meter Apps Market – Revenue Forecast, 2025–2031 (US$ Million) – by Platform

Table 90. Middle East and Africa: Parking Meter Apps Market – Revenue, 2021–2024 (US$ Million) – by End User

Table 91. Middle East and Africa: Parking Meter Apps Market – Revenue Forecast, 2025–2031 (US$ Million) – by End User

Table 92. Middle East and Africa: Parking Meter Apps Market – Revenue, 2021–2024 (US$ Million) – by Country

Table 93. Middle East and Africa: Parking Meter Apps Market – Revenue Forecast, 2025–2031 (US$ Million) – by Country

Table 94. Saudi Arabia: Parking Meter Apps Market – Revenue, 2021–2024 (US$ Million) – by Platform

Table 95. Saudi Arabia: Parking Meter Apps Market – Revenue Forecast, 2025–2031 (US$ Million) – by Platform

Table 96. Saudi Arabia: Parking Meter Apps Market – Revenue, 2021–2024 (US$ Million) – by End User

Table 97. Saudi Arabia: Parking Meter Apps Market – Revenue Forecast, 2025–2031 (US$ Million) – by End User

Table 98. United Arab Emirates: Parking Meter Apps Market – Revenue, 2021–2024 (US$ Million) – by Platform

Table 99. United Arab Emirates: Parking Meter Apps Market – Revenue Forecast, 2025–2031 (US$ Million) – by Platform

Table 100. United Arab Emirates: Parking Meter Apps Market – Revenue, 2021–2024 (US$ Million) – by End User

Table 101. United Arab Emirates: Parking Meter Apps Market – Revenue Forecast, 2025–2031 (US$ Million) – by End User

Table 102. South Africa: Parking Meter Apps Market – Revenue, 2021–2024 (US$ Million) – by Platform

Table 103. South Africa: Parking Meter Apps Market – Revenue Forecast, 2025–2031 (US$ Million) – by Platform

Table 104. South Africa: Parking Meter Apps Market – Revenue, 2021–2024 (US$ Million) – by End User

Table 105. South Africa: Parking Meter Apps Market – Revenue Forecast, 2025–2031 (US$ Million) – by End User

Table 106. Rest of Middle East and Africa: Parking Meter Apps Market – Revenue, 2021–2024 (US$ Million) – by Platform

Table 107. Rest of Middle East and Africa: Parking Meter Apps Market – Revenue Forecast, 2025–2031 (US$ Million) – by Platform

Table 108. Rest of Middle East and Africa: Parking Meter Apps Market – Revenue, 2021–2024 (US$ Million) – by End User

Table 109. Rest of Middle East and Africa: Parking Meter Apps Market – Revenue Forecast, 2025–2031 (US$ Million) – by End User

Table 110. South and Central America: Parking Meter Apps Market – Revenue, 2021–2024 (US$ Million) – by Platform

Table 111. South and Central America: Parking Meter Apps Market – Revenue Forecast, 2025–2031 (US$ Million) – by Platform

Table 112. South and Central America: Parking Meter Apps Market – Revenue, 2021–2024 (US$ Million) – by End User

Table 113. South and Central America: Parking Meter Apps Market – Revenue Forecast, 2025–2031 (US$ Million) – by End User

Table 114. South and Central America: Parking Meter Apps Market – Revenue, 2021–2024 (US$ Million) – by Country

Table 115. South and Central America: Parking Meter Apps Market – Revenue Forecast, 2025–2031 (US$ Million) – by Country

Table 116. Brazil: Parking Meter Apps Market – Revenue, 2021–2024 (US$ Million) – by Platform

Table 117. Brazil: Parking Meter Apps Market – Revenue Forecast, 2025–2031 (US$ Million) – by Platform

Table 118. Brazil: Parking Meter Apps Market – Revenue, 2021–2024 (US$ Million) – by End User

Table 119. Brazil: Parking Meter Apps Market – Revenue Forecast, 2025–2031 (US$ Million) – by End User

Table 120. Argentina: Parking Meter Apps Market – Revenue, 2021–2024 (US$ Million) – by Platform

Table 121. Argentina: Parking Meter Apps Market – Revenue Forecast, 2025–2031 (US$ Million) – by Platform

Table 122. Argentina: Parking Meter Apps Market – Revenue, 2021–2024 (US$ Million) – by End User

Table 123. Argentina: Parking Meter Apps Market – Revenue Forecast, 2025–2031 (US$ Million) – by End User

Table 124. Rest of South and Central America: Parking Meter Apps Market – Revenue, 2021–2024 (US$ Million) – by Platform

Table 125. Rest of South and Central America: Parking Meter Apps Market – Revenue Forecast, 2025–2031 (US$ Million) – by Platform

Table 126. Rest of South and Central America: Parking Meter Apps Market – Revenue, 2021–2024 (US$ Million) – by End User

Table 127. Rest of South and Central America: Parking Meter Apps Market – Revenue Forecast, 2025–2031 (US$ Million) – by End User

Table 128. Company Positioning & Concentration

Table 129. List of Abbreviation

List of Figures

Figure 1. Parking Meter Apps Market Segmentation, by Geography

Figure 2. PEST Analysis

Figure 3. Ecosystem: eSIM Market

Figure 4. Impact Analysis of Drivers and Restraints

Figure 5. Parking Meter Apps Market Revenue (US$ Million), 2021–2031

Figure 6. Parking Meter Apps Market Share (%) – by Platform (2024 and 2031)

Figure 7. Android: Parking Meter Apps Market – Revenue and Forecast to 2031 (US$ Million)

Figure 8. IOS: Parking Meter Apps Market – Revenue and Forecast to 2031 (US$ Million)

Figure 9. Parking Meter Apps Market Share (%) – by End User (2024 and 2031)

Figure 10. Personal: Parking Meter Apps Market – Revenue and Forecast to 2031 (US$ Million)

Figure 11. Businesses: Parking Meter Apps Market – Revenue and Forecast to 2031 (US$ Million)

Figure 12. Parking Meter Apps Market Breakdown by Region, 2024 and 2031 (%)

Figure 13. North America: Parking Meter Apps Market – Revenue, 2021–2031 (US$ Million)

Figure 14. North America: Parking Meter Apps Market Breakdown, by Platform (2024 and 2031)

Figure 15. North America: Parking Meter Apps Market Breakdown, by End User (2024 and 2031)

Figure 16. North America: Parking Meter Apps Market Breakdown, by Key Countries, 2024 and 2031 (%)

Figure 17. United States: Parking Meter Apps Market – Revenue and Forecast, 2021–2031 (US$ Million)

Figure 18. Canada: Parking Meter Apps Market – Revenue and Forecast, 2021–2031 (US$ Million)

Figure 19. Mexico: Parking Meter Apps Market – Revenue and Forecast, 2021–2031 (US$ Million)

Figure 20. Europe: Parking Meter Apps Market – Revenue, 2021–2031 (US$ Million)

Figure 21. Europe: Parking Meter Apps Market Breakdown, by Platform (2024 and 2031)

Figure 22. Europe: Parking Meter Apps Market Breakdown, by End User (2024 and 2031)

Figure 23. Europe: Parking Meter Apps Market Breakdown, by Key Countries, 2024 and 2031 (%)

Figure 24. Germany: Parking Meter Apps Market – Revenue and Forecast, 2021–2031 (US$ Million)

Figure 25. United Kingdom: Parking Meter Apps Market – Revenue and Forecast, 2021–2031 (US$ Million)

Figure 26. France: Parking Meter Apps Market – Revenue and Forecast, 2021–2031 (US$ Million)

Figure 27. Italy: Parking Meter Apps Market – Revenue and Forecast, 2021–2031 (US$ Million)

Figure 28. Russia: Parking Meter Apps Market – Revenue and Forecast, 2021–2031 (US$ Million)

Figure 29. Rest of Europe: Parking Meter Apps Market – Revenue and Forecast, 2021–2031 (US$ Million)

Figure 30. Asia Pacific: Parking Meter Apps Market – Revenue, 2021–2031 (US$ Million)

Figure 31. Asia Pacific: Parking Meter Apps Market Breakdown, by Platform (2024 and 2031)

Figure 32. Asia Pacific: Parking Meter Apps Market Breakdown, by End User (2024 and 2031)

Figure 33. Asia Pacific: Parking Meter Apps Market Breakdown, by Key Countries, 2024 and 2031 (%)

Figure 34. China: Parking Meter Apps Market – Revenue and Forecast, 2021–2031 (US$ Million)

Figure 35. Japan: Parking Meter Apps Market – Revenue and Forecast, 2021–2031 (US$ Million)

Figure 36. India: Parking Meter Apps Market – Revenue and Forecast, 2021–2031 (US$ Million)

Figure 37. South Korea: Parking Meter Apps Market – Revenue and Forecast, 2021–2031 (US$ Million)

Figure 38. Australia: Parking Meter Apps Market – Revenue and Forecast, 2021–2031 (US$ Million)

Figure 39. Rest of APAC: Parking Meter Apps Market – Revenue and Forecast, 2021–2031 (US$ Million)

Figure 40. Middle East and Africa: Parking Meter Apps Market – Revenue, 2021–2031 (US$ Million)

Figure 41. Middle East and Africa: Parking Meter Apps Market Breakdown, by Platform (2024 and 2031)

Figure 42. Middle East and Africa: Parking Meter Apps Market Breakdown, by End User (2024 and 2031)

Figure 43. Middle East and Africa: Parking Meter Apps Market Breakdown, by Key Countries, 2024 and 2031 (%)

Figure 44. Saudi Arabia: Parking Meter Apps Market – Revenue and Forecast, 2021–2031 (US$ Million)

Figure 45. United Arab Emirates: Parking Meter Apps Market – Revenue and Forecast, 2021–2031 (US$ Million)

Figure 46. South Africa: Parking Meter Apps Market – Revenue and Forecast, 2021–2031 (US$ Million)

Figure 47. Rest of Middle East and Africa: Parking Meter Apps Market – Revenue and Forecast, 2021–2031 (US$ Million)

Figure 48. South and Central America: Parking Meter Apps Market – Revenue, 2021–2031 (US$ Million)

Figure 49. South and Central America: Parking Meter Apps Market Breakdown, by Platform (2024 and 2031)

Figure 50. South and Central America: Parking Meter Apps Market Breakdown, by End User (2024 and 2031)

Figure 51. South and Central America: Parking Meter Apps Market Breakdown, by Key Countries, 2024 and 2031 (%)

Figure 52. Brazil: Parking Meter Apps Market – Revenue and Forecast, 2021–2031 (US$ Million)

Figure 53. Argentina: Parking Meter Apps Market – Revenue and Forecast, 2021–2031 (US$ Million)

Figure 54. Rest of South and Central America: Parking Meter Apps Market – Revenue and Forecast, 2021–2031 (US$ Million)

Figure 55. Company Market Share Analysis, 2024

The List of Companies - Parking Meter Apps Market

  1. IEM SA
  2. INRIX, Inc.
  3. ParkMate
  4. Arrive   
  5. PASSPORT LABS, INC.
  6. SpotHero, Inc.
  7. APCOA Group GmbH
  8. Telepark(Empark)
  9. Parkster
  10. Parclick
  11. SI.GE.RI.CO. Spa
  12. Parklio
  13. Blinkay Mobility
  14. PayByPhone
  15. Pango

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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