Parking App: Market Analysis, Competitive Landscape, and Strategy

This project delves into the parking app market, aiming to analyze its key aspects. The assignment begins with an overview of the proposed parking app, detailing its value proposition, goals, and the problem it addresses, including the current market size and potential growth. It then examines the needs of the target customers, exploring existing and emerging needs, along with how the app will meet these needs and potentially disrupt the market. Furthermore, the project analyzes the current market distribution, identifying key players, market size, expected growth, and strategies for market entry. Finally, it assesses the competitive landscape, evaluating current and future competitors, their strengths, and strategies to gain a competitive edge. The project requires the inclusion of graphs illustrating the time wasted by drivers searching for parking in Washington D.C. and the growth of the parking industry, along with a comprehensive analysis of the provided bullet points. All of this is to be presented in an organized and professional manner, providing a detailed understanding of the parking app market.

We are creating mobile application that helps users to find
parking lots based on the use Gps on our smartphones.
I want the tutor specialist to cover those bullet points in depth
and to answer all the below questions in depth too.
I don’t want the work to be an essay type. However each
paragraph should be under each bullet point below.
Professional work is required.
4 up to 5 Word pages are required for this assignment.
Graphs for the time wasted of people in Washington D.C trying to
find parking is required.
Graph of the growth industry of the parking lots in the DC area is
required.
You can add upon that what you feel is related to the assignment
you will find above each bullet point what is required. How ever
all of what I have mention here has to be addressed, Plus the
below bullet points need to be covered in depth under each line
of them.
I will provide some of other documents that is related to this
assignment in order to help you better doing it in the best way.
Please follow the instruction carefully.
1) Overview of the venture’s product, process or service the value proposition, what the firm
intends to do, what business it is in
What we plan to do, in bullet points (1)
- Our main goals
- Industry is worth how much $$$
- The problem
- How we intend to solve it
- Technology enabled solution
- etc

2) Needs of the venture’s key customers or customer segments existing vs. emerging needs,
how/if needs are met currently, confidence about your understanding of customer needs,
possible alternate ways of meeting needs in the future, possible disruption
Why the world needs us (2)
- how the problem is getting worse
- how we know our customers, industry
- internet search metrics
- how our solution is different
- what disrupting the market means
- etc
3) Characteristics of the target marketplace existing or future, current market share
distribution if any, market size, expected growth rate of demand, ability to support multiple
offerers, attractive and unattractive attributes, likely resistance to new approaches or need to
educate the marketplace, when firm will enter the marketplace
Current Market Distribution (3)
- Determine which apps are dominate
- Growth of problem/industry
- how we plan to enter the market
- The good and the bad of market
- when we plan on entering the market
- retaining and expanding user base
- etc
4) The venture’s competitors current vs. likely future competitors, their size and strengths,
their reputation, their performance or potential as innovators, possible stealth competitors
Our Competitors (4)
- currently, who dominate industry (metrics)
- how it’ll change in the future
- performance over time
- how we intend to shake the industry
- etc