According to a recent market study published by Growth Market Reports, titled, “Global EV Charging Management Software Platform Market by Charger Type, Charging Station Type, Functionality, Application, and Region: Size, Shares, Trends and Opportunity Analysis, 2016-2031”, the market size was valued at USD 1,633.7 Million in 2022 and is projected to expand at a CAGR of 34.2% by 2031. The overall incremental opportunity is estimated to be USD 20,625.0 Million from 2022 to 2031.
According to the Growth Market Reports industry analyst, Akash Vedpathak, the “global EV charging management software platform market” is anticipated to register significant growth during the forecast period, 2023-2031. Increasing adoption of EVs, supportive government initiatives, and growing demand for efficient energy management solutions are the key factors that are anticipated to boost the EV charging management software platform market during the forecast period. However, the lack of standard protocols to develop software platforms, the risk of cyber-attacks, and the high costs associated with the development of charging infrastructure hampers the market. Furthermore, the growing investments in EV charging management software and the growing trend of electrification are expected to create lucrative opportunities in the market during the forecast period.
Get Sample Report @ https://growthmarketreports.com/request-sample/6232
EV charging management software assists EV charging service providers in managing all the aspects of charging and optimizing EV charging network operations seamlessly. Businesses benefit from EV charging software, as it provides a centralized platform for controlling their EV charging infrastructure. This software allows the optimization of charging processes, resulting in enhanced efficiency and cost savings.
Supply chain management is a pivotal part of any business. A supply chain contains a series of steps to get products from their original state to the customers. It is a network of software developers who work together to create and deliver the product to end-users. In the EV charging management software platform market, supply chain management plays a crucial role in ensuring seamless operations. Key aspects include sourcing hardware components for charging stations, software development, and establishing partnerships with the manufacturers. Efficient supply chain management enhances product availability, reduces costs, and supports scalability in the rapidly evolving EV market.
Primary and secondary research methodology is used for keen observation and study of the EV charging management software platform market. The primary research methodology involves commercial agreements made with the primary respondents, as well as consulting partners to extract critical information about the syndicated as well as consulting projects. Primary interviews were conducted with the stakeholders across industry verticals at regular intervals in line with the ongoing studies and to be updated with the latest market trends & developments. Validation of the estimated market size and current and future trends is done by the key opinion leaders (KOLs). These KOLs are the CXO level people from foremost companies in the industry and possess experience of around 10-20 years in the industry. Secondary research methodology involves exhaustive desk research undertaken to understand the prevailing market trends & dynamics, market competition, customer insights, and other KPIs. Company websites, their SEC filings, annual reports, broker & financial reports, and investor presentations are scanned for understanding the competitive scenario, details and developments, and the overall competitive landscape. Regional government and statistical databases are analyzed for macro & microanalysis. Research publications and paid data are referred to obtain and validate the market estimations, budget, expenditure, and other statistical insights.
The COVID-19 hampered the EV charging management software platform market. The outbreak of COVID-19 disrupted the global supply chain, which hindered manufacturing and deployment of EV charging infrastructure. Lockdowns and reduced mobility during the pandemic affected the demand for electric vehicles (EVs) and subsequently the need for charging infrastructure, which declined the demand for associated software services. However, as the world adapted to the new normal, , there emerged a heightened focus on sustainability and green recovery. Governments across the globe increased their investments in EVs as a part of economic stimulus packages. This shift boosted the EV charging management software platform market, fostering innovation and adoption of evolving needs.
Key Takeaways from the Study:
-
Based on charger type, the global EV charging management software platform market is segmented into level 1, level 2, and level 3. The level 3 segment held a significant market share in 2022 and is projected to expand at a substantial CAGR during the forecast period, owing to the growing need for rapid charging time and supporting commercial applications, such as fleet management. Furthermore, increased adoption of EVs and a focus on infrastructure development contribute to the demand for level 3 charging solutions, as they provide faster charging speeds compared to others.
-
On the basis of charging station type, the global EV charging management software platform market is bifurcated into public and private. The public segment accounted for a substantial market share in 2022, owing to the growing number of public charging stations across the globe. The growing demand for convenient and accessible charging stations for electric vehicles in public places, such as shopping malls, airports, hotels, and workplaces, drives the segment.
-
In terms of functionality, the global EV charging management software platform market is segmented into operation management, EV billing & payment, energy administration, and others. The operation management segment held a substantial market share in 2022, as it plays a crucial role in effectively optimizing the performance of EV charging infrastructure. The operation management software solution provides insights into energy management and allows real-time monitoring of charging stations & networks, predictive maintenance, and reporting.
-
Based on application, the global EV charging management software platform market is segmented into commercial and residential. The commercial segment accounted for a substantial market share in 2022, owing to the growing focus of businesses, such as hotels, restaurants, shopping malls, and workplaces, to offer EV charging services to their customers and employees. Commercial charging stations prioritize cost optimization, real-time monitoring, and proper station management. Moreover, the supportive government policies and incentives that encourage the installation of EV charging stations in commercial locations drive the segment during the forecast period.
Report Scope:
Report Metric |
Details |
Market Value in 2022 |
USD 22,258.7 Million |
Market Growth Rate (from 2023 to 2031) |
34.2% |
Historical Data |
2016 to 2021 |
Base Year |
2022 |
Forecast Period |
2023 – 2031 |
Units Considered |
Value (USD Million) |
Market Segments |
Charger Type, Charging Station Type, Functionality, Application, and region |
Key Companies Profiled |
ChargePoint, Inc., EVBox, Virta Global, Etrel, Greenflux, EV Connect, Shell Recharge Solutions, ChargeLab Inc., AMPECO LTD, Driivz Ltd, and Current AS |
Customization Scope |
Report customization available on request |
Pricing and Purchase Options |
Avail of tailor-made purchase options to meet your research requirements. |
Target Audience:
EV Charging Management Software Platform Developing Firms, Consulting Firms, Private Research and Development Firms, and Investment Firms.