PUBLISHER: Grand View Research | PRODUCT CODE: 1362956
PUBLISHER: Grand View Research | PRODUCT CODE: 1362956
The global EV charging management software platform market size is expected to reach USD 7.50 billion by 2030, expanding at a CAGR of 30.3% from 2023 to 2030, according to a new study conducted by Grand View Research, Inc.. The growth can be attributed to a confluence of factors that underscore the dynamic landscape of sustainable transportation. These factors include the rising adoption of electric vehicles and charging infrastructure expansion.
The rising partnerships and collaborations among EV charging management software platform market players bode well for the growth of the market. For instance, in June 2022, NUVVE HOLDING CORP, a vehicle-to-grid (V2G) technology provider, entered into a partnership with Switch, an electric charging management and maintenance software company. This partnership was aimed at expanding their EV and Charging Platforms.
EV charging management software platform boosts efficiency with real-time monitoring and optimized charging while offering drivers easy access, payments, and data insights. Furthermore, businesses benefit from streamlined operations, remote control, and renewable integration, which are driving EV adoption and sustainability. Thus, these platforms boost user convenience, operational flexibility, and environmental impact, shaping a cleaner and smarter transportation future.
The global pandemic had a slight impact on the growth of the market for EV charging management software platforms. The growing digitalization during the COVID-19 pandemic owing to social distancing, boosted the adoption of information technology across various sectors, including EVs. Furthermore, during the COVID-19 pandemic, several governments provided subsidies, which resulted in the growth of EVs worldwide, thereby driving the growth of the market.