According to our latest study on "Parking Meter Apps Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis - by Platform and End Users," 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 record a CAGR of 16.1% from 2025 to 2031.

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 market in 2024, followed by Europe and Asia Pacific, respectively. The Europe parking meter apps market is segmented into Germany, France, UK, Italy, Russia, and the Rest of Europe. In terms of revenue, Germany dominated the parking meter apps market share in 2024. German municipalities are increasingly turning to app-based parking solutions as part of broader smart city initiatives that prioritize efficiency, sustainability, and enhanced user experience. In May 2022, PayByPhone, a global leader in mobile parking payments, announced a major expansion of its footprint in Europe, adding 470 new cities-370 in Germany and 100 in Italy-to its mobile parking platform. With this expansion, PayByPhone now enables more drivers to conveniently manage their parking sessions through its user-friendly mobile app, which allows users to pay for parking, extend time remotely, and receive real-time smart alerts to avoid fines. By reducing the need for physical pay stations and enabling contactless transactions, mobile parking apps such as PayByPhone streamline the parking process for drivers and lower operational costs for cities. The ability of these apps to provide live notifications and remote session management reflects the growing consumer demand for digital convenience and real-time control, which is boosting the demand for these apps in Germany.

The Asia Pacific parking meter apps market region is experiencing growing, driven by urbanization, increasing vehicle ownership, and the digitization of city infrastructure. Countries such as China, India, Japan, South Korea, and Australia are leading the charge, though each market varies significantly in maturity and infrastructure. Mega-cities such as Beijing, Tokyo, and Mumbai are facing acute parking shortages, making digital solutions essential for space utilization. Governments and municipal authorities are adopting smart parking solutions as part of broader smart city initiatives. Companies such as Get My Parking, Times24, and Secure Parking provide integrated digital platforms to help users locate and pay for parking more efficiently. The adoption of IoT, AI, and real-time traffic data is more recent but growing, supported by the region's robust technology development. Collaborations with global tech firms and local governments are accelerating app deployment and usage.

Key Findings of Parking Meter Apps Market Study:

The parking meter apps market is segmented into platform and end user. By platform, the market is divided into Android and iOS. Based on end user, the market is divided into personal and businesses. By geography, the parking meter apps market is segmented into North America, Asia Pacific, Europe, the Middle East & Africa, and South & Central America.

In terms of end user, the parking meter apps market is categorized into personal and businesses. The personal segment held the largest parking meter apps market share. Individuals who commute to work, run errands, or visit entertainment districts in densely populated cities face limited parking availability and high congestion. Parking meter apps streamline this experience by allowing users to locate available spots, make payments digitally, receive expiration alerts, and even extend parking sessions remotely.

IEM SA, INRIX, Inc., ParkMate, Arrive, PASSPORT LABS, INC., SpotHero, Inc., APCOA Group GmbH, Telepark(Empark), Parkster, Parclick, SI.GE.RI.CO. Spa, Parklio, Blinkay Mobility, PayByPhone, and Pango are among the key players profiled in the parking meter apps market report. Several other major players were studied and analyzed during the parking meter apps market analysis to get a holistic view of the market and its ecosystem. The parking meter apps market also provides detailed market insights, which help the key players strategize their growth. The report includes growth prospects owing to the current parking meter apps market trends and their foreseeable impact during the forecast period.

Contact Us
Phone: +1-646-491-9876
Email Id: sales@premiummarketinsights.com