Competitive Dashboard
South Florida Commuter Services (US), Quick Ride (India), ePoolers Technologies Pvt. Ltd. (India), Uber Technologies Inc. (India), Metrolinx (Canada), ANI Technologies Pvt. Ltd.(India), ZipGo Technologies Pvt. Ltd (India), Oakland Smart Commute (California), Central Indiana Regional Transportation Authority (CIRTA) (US), CommuteSMART (US), Turo (US), BlaBlaCar (France), and Carma Technology Corporation (Europe) are few of the key participants of the global smart commute Market. These players are focusing on enhanced passenger experience to capitalize on the growing demand across the world. Existing international players are expanding their geographical boundaries to gain an edge over others. Domestic players are also resorting to inorganic and organic approaches to accelerate revenue creation. Some of the organic methods applied for growth are product development, technological developments, innovative product portfolios, etc. The inorganic approaches expected to be executed by these players are as followed – mergers & acquisitions, collaborations, agreements, partnerships, and alliances among others. Since the market is at its nascent stage, more players are anticipated to enter the smart commute market in the coming years.
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Market Synopsis
The smart commute market 2020 is expected to expand at a rapid pace. The service is gaining popularity as it offers a lot of benefits. These factors are projected to expand the consumer base in the coming years. Market Research Future MRFR has offered a detailed report that presents an analysis of the global smart commute market. It provides a comparative analysis of historic data and ongoing trends. According to the findings of the report, the market is projected to mark 25.62% CAGR over the prognosis period 2018 to 2023. It also unravels that the smart commute market size is expected to earn USD 104.22 Bn by the close of 2023, rising from USD 26.52 Bn in 2017.
The governments are focusing on the expansion of public transportation. Pooling services have gained much popularity and is being promoted by governments and environment activists as it helps in curbing emissions. It facilitates the use of lesser private cars which is expected to boost the growth of the smart commute market in the nearing years. Private players are also entering the market landscape due to thriving opportunities. People are also inclining towards these services due to cost benefit. Also, rising awareness about environmental impact is poised to accelerate revenue creation.
Rising urban population has been boosting the growth rate of the smart commute market. It is anticipated to continue influencing the growth curve positively in the forthcoming years. However, the baggage restrictions are supposed to restrict the growth rate of the smart commute application market in the foreseeable future.
Market Segmentation
On the basis of solution, the Smart Commute Market has been segmented into smart ticketing, mobile app, traffic management, parking management, and others.
On the basis of type, the smart commute market has been segmented into van pooling, car pooling, bicycle pooling, bike pooling, metro, and others.
Regional Analysis
The geographical analysis of the global smart commute market is covered in this MRFR research report. It presents a detailed regional segmentation that covers North America, Europe, Asia-Pacific, and the Rest of the World. These regional segments are narrowed down and analyzed further to present an impactful insight into the global market. Europe is projected to have a dominant share of the smart commute market. It is due to the rising awareness about environmental degradation that more people are shifting to pool services. It is prognosticated to catalyze the proliferation of the smart commute market in the foreseeable future. The entry of players is prognosticated to drive the expansion the smart commute market. North America smart commute app market is also witness rapid growth. It is anticipated to gain more popularity in the near future.
LIST OF TABLES
Table 1 Global Smart Commute Market, By Region, 2018–2023
Table 2 North America: Smart Commute Market, By Country, 2018–2023
Table 3 Europe: Smart Commute Market, By Country, 2018–2023
Table 4 Asia-Pacific: Smart Commute Market, By Country, 2018–2023
Table 5 Middle East & Africa: Smart Commute Market, By Country, 2018–2023
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LIST OF FIGURES
FIGURE 1 Global Smart Commute Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis Of Global Smart Commute Market
FIGURE 4 Value Chain Of Global Smart Commute Market
FIGURE 5 Share Of Global Smart Commute Market In 2017, By Country (In %)
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