Market Snapshot:
Parking finder apps help users to find parking facilities in their nearby location. Increasing vehicle ownerships and reducing parking space in the urban and metropolitan areas have accelerated the growth of parking finder apps. The apps also allow users to pre-book parking lots for vehicles and real-time tracking of parking space that is occupied or free. The high growth of car parking finder apps across the globe will create significant opportunities for the market in the nearer future. Some of the car parking apps also provide information such as where to park and the car parking process via push notifications.
Highlights from Parking Finder Apps Market Study
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The key Players profiled in the report are Parkopedia (United Kingdom), ParkMe (INRIX Inc.) (United States), Best Parking (ParkWhiz) (United States), SpotHero (United States), ParkMobile (United States), AppyParking (United Kingdom), Pensacola Parking App (United States), Parking Mates Inc. (United States), EasyPark (Sweden), Appsvolt (United States), Smart Parking Ltd (United Kingdom) and SpotAngels (United States).
Geographic Breakdown and Segment Analysis
The Global Parking Finder Apps market presents a comprehensive analysis of the Parking Finder Apps market by product type (Parking Lot, Covered Garage and Handicapped Parking), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Parking Finder Apps industry. Investors and Players can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Parking Finder Apps market
Analyst at AMA have segmented the market study of Global Parking Finder Apps market by Type, Application and Region.
Influencing Trend:
The Use of IoT Sensors in the Parking Spaces for Real-Time Tracking and Send Notifications to the Apps
Market Growth Drivers:
Surging Demand for Parking Finder Apps Among the Car Drivers to Find and Book Parking Slots and Increasing Number of Vehicles on Street Due to Rising Population and Ownership of Vehicle
Challenges:
Sometimes Apps Display Inaccurate Parking Charges
Restraints:
Slow Adoption in the Undeveloped and Some Developing Nations Due to Lack of Awareness
Opportunities:
Growing Popularity of Pre-booking Feature in the Apps to Avoid Full Parking Space and Save Time
Market Developments Activities:
In March 2021, EasyPark acquired e24’s parking service to make finding and paying for parking easy. The acquisition will enable new functionalities for drivers, like prolonging or stopping parking directly from the phone with EasyPark. It will make it easier for drivers in Switzerland to find and pay for parking.
In December 2022, Parkopedia will support the new BMW in-vehicle parking payment feature. The new BMW Parking Payment feature, leveraging Parkopedia's award-winning in-vehicle payment platform to provide a seamless parking payment experience for BMW drivers using BMW Operating Systems 7 and 8, is now available in Germany and Austria. This service allows drivers to conveniently find and pay for a parking space from the comfort of their vehicle via the infotainment system or the My BMW app.
The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market in the near future. Players are anticipated to focus on the development of new mobility solutions, which is likely to encourage the growth of the global market throughout the forecast period.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Parking Finder Service Providers, IT Software Companies, Venture Capitalists and Private Equity Firms and Others