DUBLIN, November 24, 2022 /PRNewswire/ — South America Smart Commute Market Forecast to 2028 – Impact of COVID-19 and Regional Analysis – by Type, Solution and End User Forecast to 2028 – Impact of COVID- 19 and Regional Analysis – by Type, Solution and End User report added to from ResearchAndMarkets.com offer.
The smart commuting market in South America should go from $738.71 million in 2021 for US$1,030.17 million by 2028; it is estimated to grow at a CAGR by 4.9% from 2021 to 2028
Internet of Things (IoT) devices can be used to make everyday commuting more enjoyable. These technologies also help reduce overall transportation costs while benefiting the environment. The best IoT option for the last mile commute might be connected bikes. Citizens have started to benefit from the combined possibilities of bike sharing offered by several market players. Additionally, users can track the bike’s availability, usage, and trip details.
The only factor hindering the growth of linked bike share programs is their integration into recent traffic. Governments of South American countries must ensure that designated cycle lanes exist to keep traffic flowing. In some areas, connected electric scooters are also available for rent. A few companies offer free helmets to e-scooter riders for a small shipping fee. By providing alternative transportation options, these companies contribute to a better future.
Apps for taxi rides are very popular among young people. Rather than driving their car, many commuters use taxi services such as Uber and Lyft. It is a more cost-effective and environmentally friendly solution than single-user rides. These companies can access a wealth of data that can be monitored and studied to improve ridesharing services. Unlike most public transport, they can operate the same as public transport, but offer a complete transport option. Thus, the adoption of last mile connected journey with IoT is expected to create significant growth opportunities in the smart journey market in the coming years.
South America Smart Commute Market Segmentation
The South America The smart travel market is segmented into type, solution, end user and country. Based on type, the market is segmented into carpooling, carpooling, bike sharing, metro and others. In 2020, the ridesharing segment held the largest market share. Based on the solution, the market is categorized into mobile applications, parking management, traffic management, etc. In 2020, the mobile application segment held the largest market share. Based on end-user, the market is divided into individuals and enterprises. In 2020, the business segment held the largest share South America smart travel market. Likewise, based on country, the market is segmented into Brazil, Argentinaand the rest of South America. Further away, Brazil contributed a substantial share in 2020.
BlaBlaCar, Enterprise Holdings Inc, Golden Concord Holdings Limited. and Uber Technologies Inc are among the leading companies operating in the South America smart travel market.
Market dynamics
Market factors
- Growing demand for carpooling and shared bikes
- Expand Smart Commute Programs
Market constraints
- Dynamic pricing and accessibility issues
Market opportunities
- Adoption of the last mile connected journey with IoT
Future trends
- Growing trend of mobility as a service
Main topics covered:
1. Introduction
2. Main Takeaways
3. Research methodology
4. SAM Smart Commute Market Landscape
5. SAM Smart Commute Market – Key Market Dynamics
6. Smart Commute Market – SAM Analysis
7. SAM Smart Commute Market Analysis – By Type
8. SAM Smart Commute Market Analysis – By Solution
9. SAM Smart Commute Market Analysis – By End User
10. SAM Smart Commute Market – Analysis by Countries
11. Industry Landscape
12. Company Profiles
13. Appendix
Companies cited
- BlaBlaCar
- Enterprise Holdings Inc.
- Golden Concord Holdings Limited.
- Uber Technologies Inc.
For more information about this report visit https://www.researchandmarkets.com/r/7o8ovz
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