The smart commute market in Middle East & Africa is expected to grow from US$ 893.23 million in 2021 to US$ 1,731.37 million by 2028; it is estimated to grow at a CAGR of 9.9% from 2021 to 2028.
People who are unable to purchase a car can experience seamless travel through mobility services. Mobility-as-a-service (MaaS) reduces these costs for the user by maximizing the use of transportation services such as carpooling and ride-hailing. It also reduces traffic congestion and overall automobile emissions in cities. As a result, digitally-enabled carpooling and ride-hailing efficiently manage transport demands and provide a convenient and environmental-friendly alternative to private automobile ownership. The rapid pace of urbanization has been leading to traffic congestion. The MaaS concept can be a better choice for reducing traffic congestion by using existing public and private transportation infrastructure. The urgent need for effective solutions to handle traffic in smart cities in a faster, less expensive, and more convenient manner is expected to fuel the MaaS market growth by 2028. Therefore, the increasing trend of MaaS is expected to fuel the growth of the smart commute market.
BlaBlaCar, Enterprise Holdings Inc, Golden Concord Holdings Limited., and Uber Technologies Inc are among the leading companies operating in the Middle East & Africa smart commute market.
People who are unable to purchase a car can experience seamless travel through mobility services. Mobility-as-a-service (MaaS) reduces these costs for the user by maximizing the use of transportation services such as carpooling and ride-hailing. It also reduces traffic congestion and overall automobile emissions in cities. As a result, digitally-enabled carpooling and ride-hailing efficiently manage transport demands and provide a convenient and environmental-friendly alternative to private automobile ownership. The rapid pace of urbanization has been leading to traffic congestion. The MaaS concept can be a better choice for reducing traffic congestion by using existing public and private transportation infrastructure. The urgent need for effective solutions to handle traffic in smart cities in a faster, less expensive, and more convenient manner is expected to fuel the MaaS market growth by 2028. Therefore, the increasing trend of MaaS is expected to fuel the growth of the smart commute market.
Middle East & Africa Smart Commute Market Segmentation
The Middle East & Africa smart commute market is segmented into type, solution, end user, and country. Based on type, the market is segmented into carpooling, vanpooling, bike pooling, metro, and others. In 2020, the carpooling segment held the largest market share. Based on solution, the market is categorized into mobile apps, parking management, traffic management, and others. In 2020, the mobile apps segment held the largest market share. Based on end user, the market is bifurcated into personal and enterprises. In 2020, the enterprises segment held the largest share Middle East & Africa smart commute market. Similarly, based on country, the market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Further, Saudi Arabia 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 Middle East & Africa smart commute market.
Table of Contents
1. Introduction
3. Research Methodology
4. MEA Smart Commute Market Landscape
5. MEA Smart Commute Market - Key Market Dynamics
6. Smart Commute Market - MEA Analysis
7. MEA Smart Commute Market Analysis - By Type
8. MEA Smart Commute Market Analysis - By Solution
9. MEA Smart Commute Market Analysis - By End User
10. MEA Smart Commute Market - Country Analysis
11. Industry Landscape
12. Company Profiles
13. Appendix
List of Figures
List of Tables
Companies Mentioned
- BlaBlaCar
- Enterprise Holdings Inc
- Golden Concord Holdings Limited.
- Uber Technologies Inc
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 83 |
Published | August 2022 |
Forecast Period | 2022 - 2028 |
Estimated Market Value ( USD | $ 893.23 Million |
Forecasted Market Value ( USD | $ 1731.37 Million |
Compound Annual Growth Rate | 9.9% |
Regions Covered | Africa, Middle East |
No. of Companies Mentioned | 4 |