This represents a compound annual growth rate (CAGR) of 36.7% during the period 2022-2031, according to a new report from Research & Markets.
Market growth is expected to be driven by the proliferating demand for electric vehicles across the globe and government initiatives toward a pollution-free environment. The EV market will rapidly grow and evolve in the coming months and years to reach critical mass. Savvy operators will begin with a software solution that can scale with the market, allowing them to monetize and grow their business investments.
The "EV Charging Management Software Platform - A Global and Regional Market Analysis: Focus on Application Type, Product Type, and Country-Level Analysis - Analysis and Forecast, 2022-2031" report from Research & Markets, outlines that EV charging management software enables e-mobility service providers and EV charging operators to manage all aspects of EV charging.
Some of the major software benefits include energy usage and cost optimisation, complete control of charging infrastructure, remote management of EV infrastructure, seamless charging experience for drivers, possibility of cost reduction and revenue generation, automation of EV billing and payments, and the ability to achieve interoperability.
