Smart Commute Market Several Upcoming Update Industry Research A CAGR And Industry And Data Protection, Applications Analysis By Forecast Till 2027
Market Analysis
The global smart
commute market is predicted to touch USD
104.22 billion and at a whopping 25.52% CAGR between 2020- 2027, states the
recent Market Research Future (MRFR) analysis. Smart commute, simply put, is
traveling from a particular place to another regularly through metro, bicycle
pooling, bike pooling, vanpooling, and others. Traffic management, parking
management, smart ticketing, mobile app, and others are different solutions.
These services provide eco-friendly traveling experience to people and make an
active alternative to transportation for enterprise employees that can pick
from effective commute option, which along with reducing the congestion, also
helps in lowering the transportation cost.
Various
factors are propelling the global smart commute app market share. According to
the recent MRFR report, such factors include high demographic rates, growing
urban population, the use of smart and connected technologies in transportation
infrastructure, growing demand for transportation as a service, decline in
ownership of vehicles with shared mobility. Additional factors adding market
growth include several upcoming railway projects, growing urbanization and
industrialization, demand for public transport and smart transportation
solutions as well as related components, services, and software, advances in
technology like the implementation of electronic payment systems, traveler
information systems, and automatic vehicle location systems, and benefits such
as an increase in traveler convenience, reduce traffic congestion, lower
emission levels, and improve fuel economy.
On the
contrary, high component cost, concerns about security and management &
data storage, the slow growth rate of GDP, susceptibility to cyberattacks, and
the on-going COVID-19 impact are factors that may impede the global smart
commute application market growth over the forecast period.
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Market Segmentation
The MRFR
report highlights an inclusive segmental analysis of the global smart commute
market based on solution and type.
Based on
type, the global smart commute market is segmented into metro, bicycle pooling,
bike pooling, vanpooling, carpooling, and others.
Based on the
solution, the global smart commute market is segmented into traffic management,
parking management, smart ticketing, mobile app, and others.
Regional Analysis
Based on the
region, the global smart commute market report covers the recent trends and
growth opportunities across the Asia Pacific (APAC), North America, Europe,
& the Rest of the World (RoW). Of these, the APAC region is predicted to
have the lions share over the forecast period. Strict government norms and
regulations related to greenhouse gas emissions, adoption of car sharing
services, and the upcoming availability of zero-emission car sharing services
are adding to the global smart commute market growth in the region.
The global
smart commute market in Europe is predicted to have healthy growth over the
forecast period. Improved socio-economic conditions in France, the UK, and
Germany are adding to the global smart commute market growth in the
region.
The global
smart commute market in North America is predicted to have sound growth over
the forecast period. Favorable incentives introduced by the government for
promoting carpooling services are adding to the global smart commute market
growth in the region.
The global
smart commute market in the RoW is predicted to have steady growth over the
forecast period.
Key Players
Leading
contenders profiled in the global smart commute market report include Carma
Technology Corporation (Europe), Turo (US), BlaBlaCar (France), CommuteSMART
(US), Oakland Smart Commute (California), Central Indiana Regional
Transportation Authority (CIRTA) (US), ZipGo Technologies Pvt. Ltd (India),
Metrolinx (Canada), ANI Technologies Pvt. Ltd.(India), Uber Technologies Inc.
(India), Quick Ride (India), ePoolers Technologies Pvt. Ltd. (India), and South
Florida Commuter Services (US). Industry players have incorporated several
strategies such as mergers, new product launches, strategic alliances, geographic
expansions, extensive R&D activities, new product development, and others
to stay at the forefront.
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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 Market Structure
Continued…
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