Global EV Charging Software Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Global EV Charging Software Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

EV Charging Software allows operators to manage and optimize EV charging operations. It’s a tool that allows someone who doesn’t (and doesn’t need to) know about the intricacies of EV charging hardware to manage their power network, handle payments, and control access to their stations.

Market Overview:

The latest research study on the global EV Charging Software market finds that the global EV Charging Software market reached a value of USD 1235.78 million in 2023. It’s expected that the market will achieve USD 8866.24 million by 2029, exhibiting a CAGR of 38.88% during the forecast period.

September 9, 2021

Bridgestone EMIA (Bridgestone), a global leader in tires and rubber providing solutions for safe and sustainable mobility, is joining forces with EVBox Group, a leading provider of electric vehicle (EV) charging solutions, and TSG, the European leader for technical services for mobility solutions, to install 3,500 charging ports across Bridgestone’s European retail and service network in the next five years.

AMSTERDAM — Bridgestone and EVBox Group are announcing a long-term partnership to expand Europe’s EV charging infrastructure with the installation of up to 3,500 new EVBox AC and DC charging ports, powered by EVBox charging management software. The installations will take place across Bridgestone’s European retail and service network, including leading brands like Speedy and First Stop.

The five-year project, which is the latest example of Bridgestone’s support for the adoption of sustainable mobility, will begin in France and Italy before expanding into the UK, Germany, Poland, Spain, and other European countries.

Thanks to the partnership between Bridgestone and EVBox Group, EV drivers and fleets will get access to one of Europe’s largest charging networks through a single solution: a dedicated card or mobile app connected to EVBox charging management software. The charging network will include access to over 130,000 public charging ports and growing. With EVBox charging management software, drivers and account holders can efficiently manage charging sessions, payments, and invoicing through one centralized platform.

Favorable policies and initiatives

Favorable policies and initiatives focused on promoting EV adoption will boost industry growth. Many governments and regulatory agencies have implemented policies, incentives and regulations to encourage the adoption of electric vehicles and the development of charging infrastructure. This includes subsidies, tax incentives, emission reduction targets, and mandates for electric vehicle charging stations, all of which create a conducive environment for the EV Charging Software industry.

Cost consideration

Cost considerations are an important factor affecting the development of the EV Charging Software market. For example, implementing EV Charging Software may incur significant expenses, including development costs and maintenance costs. The cost of developing EV Charging Software is affected by a variety of factors, including the development rate per hour, the technology used, the features included in the software, and the size of the team. It is difficult to give an accurate cost estimate for the development of EV Charging Software. In addition to development costs there are also maintenance costs, which can vary widely depending on factors such as system complexity, functionality and deployment size. It typically includes the cost of updates, bug fixes, server maintenance, and customer support. The cost of EV Charging Software is relatively high, and cost considerations are a challenge facing the EV Charging Software market.

Region Overview:

From 2023-2028, Asia Pacific is estimated to witness robust growth prospects

In 2022, the share of the EV Charging Software market in North America stood at 28.49%.

Company Overview:

ChargePoint is one of the major players operating in the EV Charging Software market, holding a share of 7.12% in 2023.

ChargePoint, Evgo, BP Pulse, Blink and Noodoe are the five key players in the global EV Charging Software market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global EV Charging Software market in the past 5 years.

Segmentation Overview:

By type, AC Charging segment accounted for the largest share of market in 2022.

Among different product types, AC Charging segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Public Charging segment occupied the biggest share from 2018 to 2022.

The market's largest segment by application is the segment Public Charging, with a market share of 61.87% in 2022.

Key Companies in the global EV Charging Software market covered in Chapter 3:

Synop
EVBox
GO TO-U
OpConnect
Gilbarco
EvGateway
Tridens
ChargeLab
Parkable
Noodoe
eDRV
BP Pulse
ChargePanel
Blink
TekMindz
Wevo
GreenFlux
EV Connect
Ampcontrol
AmpUp
Evgo
ChargePoint
Ampeco

In Chapter 4 and Chapter 14.2, on the basis of types, the EV Charging Software market from 2019 to 2030 is primarily split into:

AC Charging
DC Charging

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the EV Charging Software market from 2019 to 2030 covers:

Public Charging
EV Fleet Charging
Residential Charging

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2019-2030) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)