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Smart Commute Industry Trends, Global Analysis with Focus on Opportunities, Sales Revenue, Comprehensive Plans, Growth Potential & Forecast 2019 – 2023

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Smart Commute Industry Trends, Global Analysis with Focus on Opportunities, Sales Revenue, Comprehensive Plans, Growth Potential & Forecast 2019 – 2023

August 28
04:57 2019
Smart Commute Industry Trends, Global Analysis with Focus on Opportunities, Sales Revenue, Comprehensive Plans, Growth Potential & Forecast 2019 – 2023

Smart Commute Market
The report on the Global Smart Commute Market covers historical market trends, current market dynamics, market valuation by segmentation as well as region, country-level analysis for every segment, key player’s market share analysis, competitive landscape and supply chain analysis.

Overview

The smart Commute is about traveling from one place to another on a regular basis by using means of transportation in a smarter way. Market Research Future (MRFR) has published a research report about the global smart commute market that forecasts massive success for this market at 25.62% CAGR (Compound Annual Growth Rate) between 2018 and 2023. By value, the market has been figured to be worth the US $ 104.22 bn by the end of forecast period.

The basic market drivers for the global smart commute market are the high demographic rates and rising urban population. Other factors contributing to the market growth include are the benefits offered by smart commute. Such benefits include environment-friendly commuting, reduced parking demand, and reduced air pollution. Smart commuting also helps people practicing activities like carpool, to save costs related to administration, construction, enforcement, maintenance, and parking space. However, the baggage restrictions and long wait time to reach the destination are some of the factors that can hamper the market growth.

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Segments

The global smart commute market has been segmented on the basis of the solution, type, and region. The solution-based segmentation segments this market into the mobile app, parking management, smart ticketing, traffic management, and others. By type, the market has been segmented into bicycle pooling, bike pooling, carpooling, metro, vanpooling, and others.

The regional segmentation of the global smart commute market segments the market into the regional markets namely Europe, North America, Asia Pacific, and the rest of the world (RoW). Europe followed by North America is the biggest regional market due to the growing concerns about climate change, congestion, and oil dependency. Over the years and during the forecast period, the adoption of smart commute in Europe by individuals has increased tremendously due to the policy of levying toll charges for cars with a single individual. The fundamental country-specific markets in this region are France, Germany, Italy, Spain, and the UK.

Competitive Analysis

The smart commute key palyers are enhancing their products and services across the world. As a part of organic strategy, the companies are focusing on technological upgradation and product enhancement to enhance the customer base. Moreover as a part of inorganic growth, the companies are adopting partnership and collaboartion strategies to expand their business across the world.For instance, on september 2018, Esurance Insurance Services, Inc. is an American insurance company, introduced Smart Commuting Index which enables ranking the states based on its resident’s commuting experience. According to the Index, the Northwest region is the best place to be a commuter.

Key Players

The key players in the global Smart Commute Market include ANI Technologies Pvt. Ltd.(India), BlaBlaCar (France), Carma Technology Corporation (Europe), Central Indiana Regional Transportation Authority (CIRTA) (USA), CommuteSMART (USA), ePoolers Technologies Pvt. Ltd. (India), Metrolinx (Canada), Oakland Smart Commute (California), Quick Ride (India), South Florida Commuter Services (USA), Turo (USA), Uber Technologies Inc. (USA), and ZipGo Technologies Pvt. Ltd (India).

Regional Analysis

North America is the second largest regional market due to environmental regulations by governments, technological advancement, the presence of various key market players in this region, and due to citizens preferring smart commuting due to long distance travel. Currently, the majority of North American carpooling and vanpooling services use online websites and mobile apps as their chief technology medium in order to connect with people seeking rides. Most of them depend on a ridesharing software platform. The leading country-specific markets in this region are USA, Canada, and Mexico.

During the forecast period, the Asia Pacific region is expected to emerge as the fastest growing regional market due to the growing concern regarding environmental pollution and traffic issues. In this region, the major country-specific markets are China, India, and Japan, followed by the remaining countries of the Asia Pacific region.

The RoW segment covers countries of Latin America and the Middle East & Africa (MEA).  In Latin America, Argentina and Brazil are two strong economies that can be suitable markets in the future. The MEA market is small due to poor countries, lack of awareness, lack of education, lack of infrastructure, and lack of technological advancement.

Latest Industry News

Louisville-based Commuting Solutions that support transportation-improvement efforts has forged a partnership with Waze Carpool on a new ride-sharing program for U.S. Highway 36 commuters. 4 FEB 2019

Chinese language bike-rental agency Hiya TransTech will launch a carpooling platform soon that will offer carpooling service in 10 cities. 14 JAN 2019

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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, 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

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…….

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members

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Website: https://www.marketresearchfuture.com/reports/smart-commute-market-6975