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    EV Charging Management Software Platform Market

    ID: MRFR/AM/11180-CR
    179 Pages
    Swapnil Palwe
    March 2024

    EV Charging Management Software Platform Market Research Report By Charging Levels (Level 1 & 2, Level 3) By Module (Operations Management, Energy Management, Billing Management, Others), By Offerings (Software, Services), By End User (Private EV Infrastructure, Public EV Infrastructure) And By Region (North America, Europe, Asia-Pacific, Middle East & Africa, and South America) –Market Forecast Till 2035

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    EV Charging Management Software Platform Market Infographic
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    EV Charging Management Software Platform Market Summary

    As per Market Research Future Analysis, the Global EV Charging Management Software Platform market was valued at USD 928.69 Million in 2022 and is projected to reach USD 10073.51 Million by 2032, growing at a CAGR of 26.2% from 2024 to 2032. The market growth is driven by the rising popularity of electric vehicles (EVs), increasing demand for smart charging solutions, and supportive government regulations. However, challenges such as high upfront costs and cybersecurity concerns may hinder growth. Opportunities exist in the commercial EV charging sector and advancements in technology, particularly in smart charging solutions, which optimize energy consumption and reduce costs.

    Key Market Trends & Highlights

    The EV Charging Software Market is witnessing significant trends driven by technological advancements and increasing EV adoption.

    • Market Size in 2022: USD 928.69 Million; Projected Market Size by 2032: USD 10073.51 Million.
    • CAGR from 2024 to 2032: 26.2%; Major Growth Drivers: Popularity of EVs and smart charging solutions.
    • Level 1 & 2 chargers contributed ~82.0% to market revenue in 2022; Level 3 segment expected to grow fastest.
    • Operations Management segment held ~54.0% market share in 2022; Billing Management segment anticipated fastest growth.

    Market Size & Forecast

    2022 Market Size USD 928.69 Million
    2023 Projected Market Size USD 1237.02 Million
    2032 Projected Market Size USD 10073.51 Million
    CAGR (2024-2032) 26.2%

    Major Players

    Key players include YoCharge, Shell Recharge, EV Connect, ClenergyEV, Last Mile Solutions, OpConnect, Monta, Bpfleet, Powerflex, AMPECO LTD, ChargeLab Inc., ChargePoint, Inc.

    EV Charging Management Software Platform Market Drivers

    Market Growth Projections

    The Global EV Charging Management Software Platform Market Industry is poised for substantial growth, with projections indicating a rise from 1.59 USD Billion in 2024 to 20.2 USD Billion by 2035. This remarkable growth trajectory suggests a compound annual growth rate (CAGR) of 26.02% from 2025 to 2035. Such figures reflect the increasing investments in EV infrastructure and the growing adoption of electric vehicles across various sectors. The market's expansion is likely to be fueled by technological advancements, government initiatives, and the rising demand for sustainable transportation solutions.

    Growing Focus on Sustainability

    The global emphasis on sustainability is driving the Global EV Charging Management Software Platform Market Industry. As environmental concerns rise, both consumers and corporations are increasingly prioritizing eco-friendly practices. The transition to electric vehicles is seen as a vital step towards reducing carbon emissions. Consequently, businesses are investing in charging infrastructure to meet sustainability goals. This trend is supported by various international agreements aimed at reducing greenhouse gas emissions. The demand for effective charging management solutions is expected to surge as organizations seek to optimize their charging networks and enhance their sustainability profiles.

    Rising Demand for Electric Vehicles

    The increasing adoption of electric vehicles (EVs) is a primary driver for the Global EV Charging Management Software Platform Market Industry. As more consumers and businesses transition to EVs, the need for efficient charging solutions becomes paramount. In 2024, the market is projected to reach 1.59 USD Billion, reflecting the growing infrastructure requirements to support this shift. Governments worldwide are implementing policies and incentives to promote EV usage, further fueling demand for charging management software. This software aids in optimizing charging station operations, ensuring that the growing number of EVs can be accommodated effectively.

    Expansion of Charging Infrastructure

    The expansion of charging infrastructure is a significant catalyst for the Global EV Charging Management Software Platform Market Industry. As the number of EVs on the road increases, the need for accessible and reliable charging stations becomes critical. This expansion includes not only public charging stations but also workplace and residential charging solutions. The growth in infrastructure is likely to create a higher demand for charging management software that can efficiently handle multiple charging points and user interactions. This trend aligns with the overall market growth trajectory, indicating a robust future for the industry.

    Government Initiatives and Incentives

    Government initiatives play a crucial role in shaping the Global EV Charging Management Software Platform Market Industry. Various countries are introducing regulations and incentives to promote the installation of EV charging stations. For instance, tax credits, grants, and subsidies are being offered to businesses and municipalities to enhance charging infrastructure. These initiatives not only encourage the adoption of EVs but also stimulate the demand for sophisticated charging management solutions. As the market evolves, it is anticipated that by 2035, the industry could expand to 20.2 USD Billion, driven by these supportive policies.

    Technological Advancements in Charging Solutions

    Technological advancements are significantly influencing the Global EV Charging Management Software Platform Market Industry. Innovations such as smart charging, vehicle-to-grid technology, and enhanced payment systems are transforming how charging stations operate. These advancements enable better energy management, allowing users to charge their vehicles during off-peak hours, thus reducing costs. Furthermore, the integration of artificial intelligence and data analytics into charging management software enhances operational efficiency and user experience. As these technologies continue to develop, they are likely to attract more users, contributing to a projected CAGR of 26.02% from 2025 to 2035.

    Market Segment Insights

    EV Charging Software Market Charging Levels Segment Insights:

    EV Charging Management Software Platform Charging Levels Insights

    Based on Charging Levels, the EV Charging Software Market segmentation includes Level 1 & 2 and Level 3. The Level 1 & 2 segment held the majority share in 2022, contributing around ~ 82.0% to the market revenue. The Level 2 segment's growth can be attributed to the high compatibility and flexibility in installing Level 2 chargers. The Level 2 chargers can be installed in various locations, including commercial buildings, workplaces, and public charging stations. Hence, as the chargers are installed at more locations, the demand for EV charging management software platforms increases.

    The Level 3 segment is projected to witness the fastest growth over the forecast period. The growth is ascribed to the fact that it is the fastest way to charge an electric vehicle. The Level 3 chargers are particularly valuable to businesses and fleets seeking efficient charging solutions, as well as urban and highway deployments that cater to busy commuters. The expansion of the EV market, coupled with government incentives and technological advancements, has driven increased investment in Level 3 charger infrastructure, driving the demand for EV charging management software platforms.

    Figure2: EV Charging Software Market, by Component, 2022 & 2032 (USD Million)

    Source: Secondary Research, Primary Research, Market Research Future Database, and Analyst Review

    EV Charging Software Market Module Segment Insights

    EV Charging Management Software Platform Module Insights

    Based on Module, the EV Charging Software Market segmentation includes Operations Management, Energy Management, Billing Management and Others. The Operations Management segment held the majority share in 2022 contributing around ~54.0% to the market revenue. The operation management software solution provides real-time monitoring of charging stations & and networks, remote control and diagnostics, demand forecasting, predictive maintenance, energy management, and reporting, among others. This platform ensures reliability, scalability, and sustainability by facilitating efficient operation, maintenance, and user management, contributing to seamless and user-friendly electric vehicle charging experiences.

    The EV billing and payment segment is anticipated to register the fastest growth over the forecast period. The EV billing and payment segment growth can be attributed to its features, such as support for multiple EV billing tariffs, real-time rating, and pay-outs and invoicing features, among others. Furthermore, the growing number of market players offering software platforms for EV billing and payment is also anticipated to fuel the segment’s growth over the forecast period. For instance, companies such as Driivz Ltd and AMPECO LTD offer these solutions to their clients, allowing them to monitor relevant payments and bills.

    EV Charging Software Market Offerings Segment Insights:

    EV Charging Software Offerings Insights

    Based on the Offerings, the EV Charging Software Market segmentation includes Software and Services. By Offerings, software segment holds the majority market share in 2022 contributing 84.2% of the market share. EV charging software enables EV charging operators and e-mobility service providers to manage all aspects of EV charging so they can maximize charger uptime and provide drivers with an exceptional EV charging experience. The software also enables monetization of services for EV charging providers.

    EV Charging Software Market End User Segment Insights:

    EV Charging Management Software Platform Market End User Insights

    Based on the End User, the EV Charging Software Market segmentation includes Private EV Infrastructure and Public EV Infrastructure. By End User, Private EV Infrastructure segment hold the majority market share in 2022 contributing 29.4% of the market share. The public chargers segment growth can be attributed to the increasing number of public charging stations across the globe. For instance, according to Twilio, a software and cloud communications company, there were approximately 1,777,000 publicly available charging stations worldwide as of 2021.

    Thus, such a high number of publicly available charging stations creates more demand for EV charging management software platforms resulting in growth of the market.

    The private charger’s segment is expected to witness significant growth over the forecast period. The private chargers include all the charging stations that are operated by private companies, organizations, and residential societies, among others. The private charging stations offer convenience, cost savings, and reliable access for daily charging needs, making them more prevalent among EV owners. The EV charging management software platform can provide a better charge experience for EV drivers, optimize energy usage and costs, and enable complete control of charge points. However, not all private charging stations demand the EV charging management software platform.

    Get more detailed insights about EV Charging Management Software Platform Market Research Report—Global Forecast till 2032

    Regional Insights

    By Region, the study provides market insights into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. In terms of revenue, AsiaPacific held the largest share of 67.1% in the EV Charging Software market in 2022 and is expected to maintain its dominance during the forecast period. The growth can be attributed to the growing EV initiatives in countries such as China, India, and Japan. For instance, in May 2023, The Chinese government announced plans to accelerate the development of charging infrastructure for new energy vehicles, including electric cars, and enhance policies related to their purchase and usage. 

    Furthermore, the growing demand for EVs across India and other countries will likely boost the need for comprehensive and efficient charging solutions, creating a favorable environment for driving market growth. China is among the leading adopters of electric vehicles in the Asia Pacific. According to the State Council, between 2023-2025, China wants to have 80 percent of its public transportation fleet be electric, including bus and taxi services, as it quickens its efforts to promote a greener lifestyle amid a boom in new energy vehicle development.

    About 6.89 million plug-in electric cars were sold in China in 2022, an increase of almost 93% from 2021. In accordance with the China Association of Automobile Manufacturers, the output of plug-in electric vehicles increased by about 97 percent to about 7.06 million units. Owing to these factors, the market is expected to expand in the Asia Pacific region.

    Figure3: Ev Charging Software Market Size By Region 2022&2032

    EV CHARGING SOFTWARE MARKET SIZE BY REGION 2022

    Source: Secondary Research, Primary Research, Market Research Future Database, and Analyst Review

    Further, the major countries studied in the market report are the U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

    Europe's EV Charging Management Software Platform market accounts for the second-largest market revenue share due to the region's ambitious electric mobility initiatives, stringent environmental regulations, and the rapid expansion of electric vehicle infrastructure across various countries. Further, the German EV charging management software market held the largest market revenue share, and the UK EV charging management software market was the fastest-growing market in the European region.

    North America's commercial and municipal sectors are showing a growing interest in fleet electrification, which requires robust charging infrastructure and management solutions to support large-scale EV deployments. Investment in the EV charging sector is rising due to factors like strategic partnerships between technology companies, utilities, and charging network operators. These investments are often directed toward software development and network expansion. Therefore, these factors will propel the demand in the North America segment.

    Key Players and Competitive Insights

    With a strong presence across different verticals and geographies, the EV Charging Software market is highly competitive and dominated by established, pure-play vendors. Over 30 vendors cater to this market, and they continually innovate their solutions to meet the evolving needs of businesses by adopting new technologies to make business more effective. These vendors have a robust geographic footprint and partner ecosystem to cater to diverse customer segments. The EV Charging Software market is highly competitive, with many vendors offering similar products and services.

    The major players in the market include YoCharge, Shell Recharge, EV Connect, ClenergyEV, Last Mile Solutions, OpConnect, Monta, Bpfleet, Powerflex, AMPECO LTD, ChargeLab Inc., ChargePoint, Inc., and Others. Shell strategies to help customers as they transition to electric vehicles by providing innovative charging solutions that meet their needs at home, at work. Shell currently has more than 40,000 public charge points globally for electric vehicles at forecourts, retail sites and destinations. By 2025, it was expected to have around 70,000 public EV charge points and around 200,000 by 2030 globally.

    And By 2030, the company aim to have 100,000 public EV charge points across UK. This means that 90% of all UK drivers will be within a 10-minute drive of a Shell rapid charger.

    The EV Charging Software Market is a consolidated market due to increasing competition, acquisitions, mergers, and other strategic market developments and decisions to improve operational effectiveness.

    Key Companies in the EV Charging Management Software Platform Market market include

    Industry Developments

    • Q2 2024: EV Connect and bp pulse Collaborate to Deliver Comprehensive Fleet Management Solution EV Connect and bp pulse announced a collaboration to integrate bp pulse's Omega EV charge management software into the EV Connect platform, providing fleet operators with advanced managed charging solutions and real-time insights for fleet charging operations.
    • Q2 2025: Kitu Systems' new charge management software platform integrates EV charging and DERs Kitu Systems launched Expedition CMS, a new EV charge management software platform that integrates EV charging with distributed energy resources (DERs), supporting a wide range of hardware and industry standards for grid-edge solutions.
    • Q2 2025: Kitu Systems Expands Clean Energy Portfolio with Launch of Expedition CMS Kitu Systems announced the launch of Expedition CMS, a dual-facing EV charge management software platform for site owners and drivers, offering grid integration, operational control, and interoperability with multiple EVSE manufacturers.
    • Q1 2024: In March 2024, a leading software provider launched a new cloud-based EV charging management platform for large-scale commercial networks. A major software provider introduced a cloud-based EV charging management platform designed to support large-scale commercial EV charging networks.
    • Q2 2024: In May 2024, a major EV charging management company partnered with a global automotive manufacturer to offer seamless charging solutions for EV customers. A leading EV charging management company formed a partnership with a global automotive manufacturer to deliver integrated charging solutions for electric vehicle customers.
    • Q3 2024: In July 2024, a tech firm introduced AI-powered software that optimizes EV charging schedules based on real-time demand and energy availability. A technology company launched an AI-powered EV charging management software that dynamically optimizes charging schedules using real-time demand and energy data.
    • Q3 2024: In August 2024, a global charging infrastructure provider announced an expansion into emerging markets in Latin America, offering management software solutions. A global EV charging infrastructure provider expanded into Latin America, introducing its EV charging management software solutions to new markets.
    • Q3 2024: In September 2024, a startup secured funding to develop an integrated platform for managing both EV charging and renewable energy resources. A startup received funding to develop a platform that integrates EV charging management with renewable energy resource management.

    Future Outlook

    EV Charging Management Software Platform Market Future Outlook

    The EV Charging Management Software Platform Market is poised for robust growth at 26.02% CAGR from 2024 to 2035, driven by increased EV adoption, technological advancements, and supportive government policies.

    New opportunities lie in:

    • Develop AI-driven analytics tools for optimizing charging station usage and energy management.
    • Create subscription-based models for software services to enhance revenue streams.
    • Expand partnerships with automotive manufacturers to integrate charging solutions into new EV models.

    By 2035, the market is expected to achieve substantial growth, solidifying its role in the global EV ecosystem.

    Market Segmentation

    EV Charging Software Charging Levels Outlook

    • Level 1 & 2
    • Level 3 

    EV Charging Management Software Platform Market Module Outlook

    • Operations Management
    • Energy Management
    • Billing Management
    • Others

    EV Charging Management Software Platform Market End User Outlook

    • Residential
    • Fleet Facilities
    • Workplaces
    • Highways and Rest Shops
    • Parking Garages
    • Shopping Malls
    • Restaurants and Hotels
    • Public Parks
    • Others

    EV Charging Management Software Platform Market Regional Outlook

    • US
    • Canada
    • Mexico
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Norway
    • Netherlands
    • Sweden
    • Finland
    • Rest of Europe
    • China
    • Japan
    • India
    • South Korea
    • Thailand
    • Taiwan
    • Malaysia
    • Vietnam
    • Rest of Asia Pacific
    • Saudi Arabia
    • UAE
    • Jordan
    • Rest of the Middle East & Africa
    • Brazil
    • Argentina
    • Chile
    • Colombia
    • Rest of South America

    EV Charging Management Software Platform Market Offerings Outlook

    • Software
    • Services

    Report Scope

    Report Attribute/Metric Details
    Market Size2022 USD 928.69 Million
    Market Size 2023 USD 1237.02 Million
    Market Size 2032 USD 10073.51 Million
    Compound Annual Growth Rate (CAGR) 26.2% (2024-2032)
    Base Year 2023
    Market Forecast Period 2024-2032
    Historical Data 2019- 2022
    Market Forecast Units Value (USD Million)
    Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
    Segments Covered Charging Levels, Module, Offerings, End User, and Region
    Geographies Covered Europe, North America, Asia-Pacific, Middle East & Africa, and South America
    Countries Covered The U.S, Germany, Canada, U.K., Italy, France, Spain, Japan, China, Australia, India, South Korea, Brazil, and others.
    Key Companies Profiled YoCharge, Shell Recharge, EV Connect, ClenergyEV, Last Mile Solutions, OpConnect, Monta, Bpfleet, Powerflex, AMPECO LTD, ChargeLab Inc., ChargePoint, Inc.
    Key Market Opportunities ·       Growing demand for commercial EV charging solutions            ·       Development of new technologies ·       Expanding global market
    Key Market Dynamics ·       The increasing popularity of electric vehicles (EVS) is fueling demand for EV charging solutions.         ·       Smart charging solutions are becoming increasingly popular due to their ability to optimize energy consumption and reduce costs.    ·       Stringent government regulations and policies encouraging the adoption of EVS and EV charging infrastructure

    Market Highlights

    Author
    Swapnil Palwe
    Team Lead - Research

    With a technical background as Bachelor's in Mechanical Engineering, with MBA in Operations Management , Swapnil has 6+ years of experience in market research, consulting and analytics with the tasks of data mining, analysis, and project execution. He is the POC for our clients, for their consulting projects running under the Automotive/A&D domain. Swapnil has worked on major projects in verticals such as Aerospace & Defense, Automotive and many other domain projects. He has worked on projects for fortune 500 companies' syndicate and consulting projects along with several government projects.

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    FAQs

    How much is the EV Charging Software market?

    The EV Charging Software Market size is expected to be valued at USD 928.69 Million in 2022.

    What is the growth rate of the EV Charging Software market?

    The global market is projected to grow at a CAGR of 26.2% during the forecast period, 2024-2032.

    Which region held the largest market share in the EV Charging Software market?

    Asia Pacific had the largest share of the global market.

    Who are the key players in the EV Charging Software market?

    The key players in the market are YoCharge, Shell Recharge, EV Connect, ClenergyEV, Last Mile Solutions, OpConnect, Monta, Bpfleet, Powerflex, AMPECO LTD, ChargeLab Inc., ChargePoint, Inc. and Others.

    Which Charging Levels led the EV Charging Software market?

    The Level 1 & 2 category dominated the market in 2022.

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