Smart Commute Market Research Report 2020: Industry Size, Share, Trends, Growth, Sales, Revenue, Risk and Opportunity Assessment with Regional Analysis and Segmentation By Type (Carpooling, Van Pooling, Bike Pooling, Bicycle Pooling, Metro, Others), Solution (Mobile App, Smart Ticketing, Parking Management, Traffic Management, Others)— Forecast till 2023
The prominent players in the smart commute market are –
South Florida Commuter Services (US), ePoolers Technologies Pvt. Ltd. (India), Quick Ride (India), Uber Technologies Inc. (India), ANI Technologies Pvt. Ltd.(India), Metrolinx (Canada), ZipGo Technologies Pvt. Ltd (India), Central Indiana Regional Transportation Authority (CIRTA) (US), Oakland Smart Commute (California), CommuteSMART (US), BlaBlaCar (France), Turo (US), Carma Technology Corporation (Europe) among others.
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Smart Commute Market To Gain Traction With Upsurge Of Investment Overflow
In major urban cities, the day-to-day commute to and from work is a key energy consumer. The increased automobiles in the world are currently shaping the traveling needs and trends of the world. The surge in traffic levels has influenced the need to adopt smarter measures for commuting, which can save time and money. Thus, as a result, carpooling and ride sharing services are gaining momentum in recent years. This practice is expected to encourage an increased level of synchronization between public transport companies, city officials and other patrons to develop a comprehensive approach to designing transportation modes that are more energy efficient in urban areas. The implementation of various modes in smart commute market 2020 is expected to include better training for workers in the public sector, expert examination and the conception of institutional platforms that will back improved development of sustainable transport.
The shift in urbanization developments bought about by technology and social trends are affecting the mobility in which scenario people tend to move across longer distance currently. The increased demand for mobility demand usually collates with the transportation system network. The traffic load in metro cities, particularly throughout peak hours, lends to the expending of excessive time commuting on the road. The swift progress of global cities, acceleration in the urbanization process and development of the population have all contributed to the spike in travel demand. The development of smart commute systems is expected to revamp old planning techniques and design that have led to an unsustainable system for transport commuting. Varying car ownership trends, the upsurge of ride-hailing services, and novel offerings like a scooter- and bike-sharing options are altering the future of the smart commuting.
The influx of population in cities is growing each day with workers moving cities for better prospects. This exodus has inadvertently given way to the development of smart commute practices, and infrastructure as cities grow in terms of size travel to important locations within the cities is expected to become lengthier. Moreover, the development of smart city initiatives is expected to unlock better planning practices that can induce further use of smart commute modes around the world. The advancement in technology used for manufacturing transportation modes is expected to increase end user awareness of the smart commute market further. For example, Segway-Ninebot, the robotics transportation firm’s newest electric kick scooter product which features a “smart” system can perceive if there’s a rough road ahead and regulate the speed accordingly. The lightweight commuter scooter requires a kick off the ground and starts riding immediately with a battery-powered boost.
The stress of environmental pollution on the environment is boosting the development of the commutes that don’t add to the burden of climate change. the use of fossil fuels has a high impact on the pollution levels globally, which is promoting the move towards the smart commute application market. The development of apps for ride sharing or pooling is creating major waves in the development of smart commuting practices. Industry leaders in this market segment such as OLA and Uber, are promoting the use of ride sharing and rentals are expected to open up new opportunities for the progress of the market for smart commute globally. The improvement in the public transportation infrastructure is also anticipated to further reinforce the progress of the smart commute market in the upcoming years. Moreover, the carbon footprint reduction initiatives launched by the governments of various nations is expected to motivate the advancement of the smart commute market. For instance, Smart Commute Foundation last year unveiled a Road Identity card for cyclists in India for the first time in India. Through this program, the team is trying to instruct the masses and generate awareness related to physical activities such as cycling to live a satisfying life while protecting themselves against the unexpected uncertainties.
In the coming years, the need for the smart commute is expected to rise as parking hassles are expected to rise with the number of cars on the street driven by increased urban migration in the coming years. Also, the need to avoid the high cost of purchasing automobiles and oil costs is expected to promote the development of the smart commute market in the coming period. The development of tech parks or integrated communities is expected to further boost the growth of the smart commute market in the coming years.
- Transportation services providers
- Solution vendors
- Networking and communication services providers
- Original Equipment Manufacturers (OEMs)
- Government Associations
- Public transportation departments
- Managed Service Providers (MSPs)
- System integrators
- Technology standards organizations, forums, alliances, and associations
- Universities and research organizations
- Government bodies
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TABLE OF CONTENTS
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Porter’s Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain/Supply Chain Of Global Smart Commute Market
5 Industry Overview Of Global Smart Commute Market
5.2 Growth Drivers
5.3 Impact Analysis
5.4 Market Challenges
6 Market Trends
6.2 Growth Trends
6.3 Impact Analysis
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