Global Smart Commute Market Forecast to 2028 – Adoption of Connected Last Mile Commute with IoT Offers Opportunity – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–Added Global Smart Commute Market Forecast to 2028 – COVID-19 Impact and Global Analysis by Type, Solution, and End User report ResearchAndMarkets.com Offer.

The smart commuter market was valued at US$30,469.49 million in 2021 and is expected to reach US$86,568.73 million by 2028; It is expected to grow at a CAGR of 16.1% from 2021 to 2028.

The key element driving the expansion of smart commuter market growth is a rapid increase in the adoption of ridesharing and bike pool services among regular office commuters. Prominent market players in smart commuting, such as Uber and Ola, offer convenient pickup and drop-off services and entice consumers to take rides. In addition, services such as short-distance travel, intercity ride-sharing, bus-sharing, bike-sharing, and car-sharing are available, stimulating the expansion of market demand for smart commuters.

Additionally, organizations reward top carpools to motivate and motivate employees to reduce carbon emissions and congestion in cities. New York, Seoul and Shanghai are among the top 10 cities with the highest carbon footprint. Governments and companies are encouraging carpooling to commute in cities to reduce emissions. As part of the Paris Climate Agreement, the countries have set concrete targets for reducing their carbon footprint by 2030. In Delhi, India, the government introduced an odd-even strategy to control congestion and reduce carbon emissions in the city.

Ride-sharing and bike-pooling services offer advantages such as low-cost pickup and drop-off, rider information, affordable rides, and more convenience than traditional transportation services. In addition, several service providers offer incentives and discounts, e.g. B. A monthly shared transit pass to help daily commuters save money. As a result, increasing demand for ride-sharing and bike-pooling services is driving the smart commuter market.

Bike pooling refers to the sharing of bicycles, scooters, or bicycles for transportation. A bike-sharing scheme, also known as a bike-share program, public bicycle program, or public bike-sharing plan (PBS), is a shared transportation service that allows users to borrow bicycles for free. Travel sharing lowers fuel costs and reduces CO2 emissions due to fewer vehicles on the road, keeping pollution under control.

A bicycle, scooter or two-wheeler can travel faster in the city than a car or four-wheeler. In the urban jungle, the fastest means of transport is a two-wheeler. Using a bike pool makes commuting easy, quick, and convenient. Bike pooling is also cheaper than taking a taxi, as fuel costs are shared. As a result, choosing a bike pool can help save money on transportation while getting you to your destination faster than riding other vehicles.

Metro is a ride-sharing service offered in certain zones that uses vans and small cars. Metro Bike Share gives users 24/7 access to a fleet of bikes for local rides and transit. For example, the Metropolitan Transportation Authority (MTA) board of directors has approved the fee structure and initial service regions for the three-year MicroTransit pilot, a ride-sharing service that the MTA will operate.

For the first six months, Metro Micro will offer an on-demand ride-sharing service for short trips within approved service zones in Los Angeles County for $1 per ride (transfers not included). It will offer the convenience of ride-sharing technology at a tenth of the cost, resulting in less traffic on the roads, healthier air and a new approach to maximizing the use of transportation systems.

market dynamics

driver

  • Increasing demand for ride sharing and bike pool services

  • Increasing Smart Commute programs

limitations

  • Concerns about dynamic pricing and accessibility

occasions

  • Introducing Connected Last Mile Commute with IoT

future trends

  • Increasing trend towards Mobility-as-a-Service

companies mentioned

  • BlaBlaCar

  • CommutingSmart

  • Enterprise Holdings Inc

  • ePoolers Technologies Pvt. GmbH

  • Golden Concord Holdings Limited

  • Oakland Smart Commute

  • Fast ride

  • Transhelp Technologies Pvt Ltd

  • Uber Technologies Inc.

  • Smart commuting

For more information about this report, visit https://www.researchandmarkets.com/r/wiztir

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