ParkMate; Arrive (ParkWhiz); PASSPORT LABS, INC.; PayByPhone; and EasyPark, are some of the key market players operating in the global parking meter apps market. The listing of key players is derived by considering multiple factors such as overall revenue, current parking meter apps portfolio, geographical reach, new product launches, market initiatives, and investment in technology up gradation, partnerships, and other market related activities. In addition to these players, there are several other important players operating in the parking meter apps market which were analyzed during the course of this market research study, such as, IEM SA; INRIX, Inc.; Parkopedia; ParkMobile, LLC; Flowbird, and among others.
ParkMate, Arrive (ParkWhiz); PASSPORT LABS, INC.; and EasyPark – PROMINENT MARKET PARTICIPANTS IN PARKING METER APPS MARKET
The parking meter apps market is segmented based on platform, and end user. Different types of platforms on which these apps are based include iOS and Android. Based on end user, the global parking meter apps market is segmented into personal and businesses. In terms of geography, the parking management market is primarily segmented into North America, Europe, Asia Pacific, the Middle East and Africa, and South America..
Technological advancements in parking management systems, such as the Internet of Things (IoT) and e-payments through apps, are enhancing consumer experience and boosting parking meter apps’ adoption. Furthermore, the growing demand for electric vehicles is encouraging city authorities to deploy smart parking stations having enhanced connectivity to modern technologies. Access to real-time parking data would save drivers’ time on finding parking space for their vehicles, along with reducing traffic congestion. With the ever-increasing penetration of smartphones and availability of mobile applications integrated with different features, it has become possible for vehicles users to navigate towards vacant parking spaces, which is one of the significant factors boosting the parking meter apps market.
Most of the market initiatives were observed in North America, APAC and Europe regions, which has a high potential for parking meter apps providers. Few of the important market initiatives and product developments from the industry are mentioned below:
| Year | News | Country |
| 2021 | ParkMobile signed a partnership with Athena Partners Strategy Group(APSG), having the goal to drive growth in the municipal, educational, and private markets. APSG has an expertise in parking and enforcement, transportation and mobility, curb management, rideshare, law enforcement and public safety, and green initiatives. | North America |
| 2021 | Passport announced the expanded integration with Google to bring the ability to pay for parking within Google Maps across its client cities, Universities and private operators. This collaboration is expected to provide convenience and safety the parkers, thereby uplifting the company’s market position. | Global |
