Market synopsis
Global smart commute market is expected to grow from USD 26.52 billion in 2017 to USD 104.22 billion by 2023, at a CAGR of 25.62% during the forecast period.
Smart commute refers to travelling from one place to another on regular basis through carpooling, vanpooling, bike pooling, bicycle pooling and metro. In order to plan more energy efficient transportation in urban areas, public transport companies, officials and other stakeholders have developed a holistic approach by taking smart commuting into consideration. Moreover, reduced parking demand would save cost associated to maintenance, administration, enforcement, repair and construction. The key benefit of smart commute includes reduced air pollution and greenhouse gas emissions that has a positive impact on the environment.
Smart commute service offer environment friendly commuting option to employees such as carpooling, bike pooling, van pooling among others. It creates an active transportation choice for enterprise employees who can opt for an efficient commute option that not only reduces congestion but also lowers commuting cost.
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Rising urban population and high demographic rates are some of the factors boosting the growth of smart commute market. However, the long-wait time to reach to the destination and baggage restrictions are some of the factors hindering the growth of this market.
The key players operating in the smart commute market are South Florida Commuter Services, ePoolers Technologies Pvt. Ltd., Quick Ride, and Uber Technologies Inc. These players are largely investing in strategies to increase global presence. In October 2019, Waze, an Israeli mapping startup, which is acquired by Google Inc. launched carpooling app, to reduce the commute-time congestion. It is expected that Google would offer its pay-to-carpool service to Brazil and throughout the United States in coming years.
Segmentation
Smart commute market is segmented based on type, solution and region.
Based on the type, the market is segmented into carpooling, van pooling, bike pooling, bicycle pooling, metro and others.
On the basis of solution, the market is segmented into mobile app, smart ticketing, parking management, traffic management and others.
By region, the market is segmented into North America, Europe, Asia-Pacific and the rest of the world.
Key players
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.
Regional analysis
The global market for smart commute is estimated to grow at a significant rate during the forecast period from 2019 to 2023. The geographical analysis of smart commute market is done for North America, Europe, Asia-Pacific, and the rest of the world.
Europe followed by North America is dominating the smart commute market owing to growing concerns about climate change, congestion, and oil dependency. In Europe, the adoption of smart commute by individuals has increased tremendously owing to the policy of levying toll charges for cars with single individual. Asia-Pacific is expected to be the fastest growing region owing to growing concern regarding pollution and traffic issues.
Competitive Analysis
The smart commute market has witnessed the trend of service enhancement across the world. Many key players have adopted technological upgradation as their chief organic strategy to gain significant market share in the market. Provision of quality of services has accounted for a significant percentage of the total business growth strategy in the years 2016 and 2017.
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Intended Audience
- 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
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
Continued……..
LIST OF TABLES
Table 1 Global Smart Commute Market, By Region, 2019–2023
Table 2 North America: Smart Commute Market, By Country, 2019–2023
Table 3 Europe: Smart Commute Market, By Country, 2019–2023
Table 4 Asia-Pacific: Smart Commute Market, By Country, 2019–2023
Table 5 Middle East & Africa: Smart Commute Market, By Country, 2019–2023
Continued……..
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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 %)
Continued……..
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