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2022
Ride-sharing Software Market

Ride-Sharing Software Market by Component (Software and Services), Type (E-hailing, Car Sharing, Car Rental, and Station-based Mobility), Vehicle Type (Two-wheeler, Three-wheeler, Four-wheeler, and Others), Location (Urban and Rural), and End User (Institutional and Personal): Global Opportunity Analysis and Industry Forecast, 2021–2030

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COVID-19

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Ridesharing is the latest idea in the marketplace that has gained huge popularity throughout the field of car-sharing & hailing. The ridesharing system is working with people providing and taking rides as per the driver's comfort and convenience. The ridesharing helps in providing short and long drives easier by offering one-way or round-way trips. Various developing nations are making the usage of car riding services due to the people's inability to have their own personalized vehicles. Using ridesharing, people can travel long distances with ease and comfort at a lower price. Ride-sharing software enables a person to hire a taxi service along with a ride-sharing facility. This is a convenient mode of traveling in which people wait at their pick-up point and arrive at their destination all along with other co-passengers. Application-based ride sharing is a smart option to decrease traffic jams and greenhouse gas emissions. This software has an interface that is easily accessible by anyone. Various countries are making attempts to execute the ride-sharing culture all through a software platform to reduce carbon emissions. These software's are developed to operate on mobile phones, tablets, and laptops.

Market Scope and Structure Analysis:

Report Metric

Details

 Market size available for years

  2020–2030

  Base year considered

  2020

  Forecast period

  2021–2030

  Forecast units

  Value ($)

  Segments covered

  Component, Type, Vehicle Type, Location, End User, and Region.

  Companies covered

Major players include: Uber Technologies Inc., Bolt Technology OÜ, Lyft Inc., ANI Technologies Pvt. Ltd., Grab Holdings Inc., Didi Chuxing Technology Co., Share Now GmbH, Cabify España S.L.U., Via Transportation Inc., BlaBlaCar.   

 

COVID-19 Scenario Analysis: 

  • The spread of COVID-19 has affected the ride-sharing software market owing to the imposed lockdown by the governments, and rules and regulations to follow social distancing amongst people. The guidelines issued by the government states that the virus spread through human contact has affected the ride-sharing business because of the health concerns of the people. 
  • The ridesharing platforms are trying to gain the attention of customers by providing health services such as proper sanitization and strictly following the precaution protocols which is expected to drive the market as soon as the restrictions are reduced. However, the company is taking the initiative to improve brand images such as offering free lifts to medical staff during evening and nighttime hours.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

The increase in demand for time and cost-saving means of transport, rising cost of vehicles and their maintenance, growing concerns to save the environment are the factors driving the growth of the ride-sharing software market. In addition, the increasing penetration of smart devices such as mobile phones, tablets, and laptops are propelling the growth of the market. However, the low rate of internet penetration in emerging regions and strict government policies for ridesharing services are the factors hampering the market growth. Furthermore, the emergence of automated ridesharing vehicles in various developed countries is providing lucrative opportunities for the market in the forecasted period. 

The Market Trends for Ride-Sharing Software Market:

Improved Security in Ridesharing to Drive the Market Growth:

Ridesharing services have remained to evolve significantly over the past few years by providing innovative facilities and services to riders all around the world. Companies are working on the software to integrate filters based upon the customer's requirement. For instance, a company develops software that allows the woman passengers to select the gender of the driver and offers a thoroughly detailed description of the driver’s training, and provides an option to access emergency contacts. Furthermore, companies are taking various security initiatives to safeguard drivers and riders from any kind of mishappenings.

Asia-Pacific Region to Witness Significant Growth:

Asia-Pacific region is expected to witness significant market growth during the forecasted period owing to the presence of a large number of fast-developing cities and towns. The region comprises some of the largest countries in terms of the
population such as India and China, which possess high growth potential to the ridesharing market. Some of the startups in the region such as Ola Cabs and Didi Taxi have evolved the journey experience by providing best-in-class facilities at economic rates. The countries in this region are focusing on developing advanced infrastructure which drives the growth of the ride-sharing software market in the region.    

Key Benefits of the Report:

  • This study presents an analytical depiction of the ride-sharing software market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the market share.
  • The current market is quantitatively analyzed from 2021 to 2030 to highlight the ride-sharing software market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the ride-sharing software market. 
  • The report provides a detailed market analysis based on the present and future competitive intensity of the market. 

Questions Answered in the Ride Sharing Software Market Research Report:

  • Who are the leading market players active in the ride-sharing software market?
  • What would be the detailed impact of COVID-19 on the ride-sharing software market?
  • What current trends would influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the ride-sharing software market?
  • What are the projections for the future that would help in taking further strategic steps?

Key Market Segments

Segments Sub-segments
Component
  • Software
  • Services
Type
  • E-hailing
  • Car Sharing
  • Car Rental
  • Station-based Mobility
Vehicle Type
  • Two-wheeler
  • Three-wheeler
  • Four-wheeler
  • Others
Location
  • Urban
  • Rural
End User
  • Institutional
  • Personal
By Region
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa
 
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