Abstract
Summary
Global Ride-Sharing Software Market is valued approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. Ride-Sharing Software is a computer application that enables users to use their mobile devices to book taxis to drive them where they need to go and when they need to leave. With the use of ridesharing software users can travel long and short distances at a lower cost. Moreover, this software can be accessed through different digital assets including Laptops, Smartphones, and tablets among others. The increasing popularity of shared mobility services and growing ownership & maintenance cost of vehicles as well as strategic initiatives from leading market players are key factors accelerating the market growth.
The increasing popularity of shared mobility services owing to cost benefit associated with shared mobility, and rising transportation costs is contributing to the growth of the Global Ride-sharing Software Market. For instance, according to Statista – as of 2022, the revenue in the global Car-sharing segment is estimated at USD 11.88 billion, and the global revenue is projected to grow at a compounded annual growth rate of 8.13% between 2022 and 2026, resulting in a projected market volume of USD 16.24 billion by 2026. . Also, growing emergence of automated ridesharing vehicles and rising penetration of smartphones in developing regions would create lucrative growth prospectus for the market over the forecast period. However, limited availability of high-speed internet connectivity and concern over data privacy & security stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Ride-Sharing Software Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the dominance of leading ride sharing software developers and increasing popularity short mobility services in the region. Whereas Asia Pacific is expected to grow with a highest CAGR during the forecast period, owing to factors such as rising penetration high spend internet services, and smartphones coupled with increasing penetration of leading market players in the region.
Major market player included in this report are:
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.
Recent Developments in the Market:
In March 2021, Chinese ride-hailing company DiDi Chuxing has started operations in South Africa. Moreover, the company is based in Beijing, China and operates in more than 400 cities in China. Also, it serves 550 million users in 16 countries across Asia, Europe, Latin America, and Australia.
Global Ride-Sharing Software Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Service Type, Vehicle Type, Location, End User, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Service Type
E-hailing
Car Sharing
Car Rental
Station-based Mobility
By Vehicle Type
Two-wheeler
Three-wheeler
Four-wheeler
Others
By Location
Urban
Rural
By End User
Institutional
Personal
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World
Table of Contents
1 Executive Summary
1.1 Market Snapshot
1.2 Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1 Ride-Sharing Software Market, by Region, 2019-2029 (USD Billion)
1.2.2 Ride-Sharing Software Market, by Service Type, 2019-2029 (USD Billion)
1.2.3 Ride-Sharing Software Market, by Vehicle Type, 2019-2029 (USD Billion)
1.2.4 Ride-Sharing Software Market, by Location, 2019-2029 (USD Billion)
1.2.5 Ride-Sharing Software Market, by End User, 2019-2029 (USD Billion)
1.3 Key Trends
1.4 Estimation Methodology
1.5 Research Assumption
2 Global Ride-Sharing Software Market Definition and Scope
2.1 Objective of the Study
2.2 Market Definition & Scope
2.2.1 Scope of the Study
2.2.2 Industry Evolution
2.3 Years Considered for the Study
2.4 Currency Conversion Rates
3 Global Ride-Sharing Software Market Dynamics
3.1 Ride-Sharing Software Market Impact Analysis (2019-2029)
3.1.1 Market Drivers
- 3.1.1.1 Increasing popularity of Shared mobility services
- 3.1.1.2 Growing ownership & maintenance cost of vehicles
- 3.1.1.3 Strategic initiatives from leading market players
3.1.2 Market Challenges
- 3.1.2.1 Limited availability of high-speed internet connectivity
- 3.1.2.2 Concern over data privacy & security
3.1.3 Market Opportunities
- 3.1.3.1 Growing emergence of automated ridesharing vehicles
- 3.1.3.2 Rising penetration of smartphones in developing regions
4 Global Ride-Sharing Software Market Industry Analysis
4.1 Porter’s 5 Force Model
4.1.1 Bargaining Power of Suppliers
4.1.2 Bargaining Power of Buyers
4.1.3 Threat of New Entrants
4.1.4 Threat of Substitutes
4.1.5 Competitive Rivalry
4.2 Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3 PEST Analysis
4.3.1 Political
4.3.2 Economical
4.3.3 Social
4.3.4 Technological
4.4 Top investment opportunity
4.5 Top winning strategies
4.6 Industry Experts Prospective
4.7 Analyst Recommendation & Conclusion
5 Risk Assessment: COVID-19 Impact
5.1 Assessment of the overall impact of COVID-19 on the industry
5.2 Pre COVID-19 and post COVID-19 Market scenario
6 Global Ride-Sharing Software Market, by Service Type
6.1 Market Snapshot
6.2 Global Ride-Sharing Software Market by Service Type, Performance - Potential Analysis
6.3 Global Ride-Sharing Software Market Estimates & Forecasts by Service Type 2019-2029 (USD Billion)
6.4 Ride-Sharing Software Market, Sub Segment Analysis
6.4.1 E-hailing
6.4.2 Car sharing
6.4.3 Station-based mobility
6.4.4 Car rental
7 Global Ride-Sharing Software Market, by Vehicle Type
7.1 Market Snapshot
7.2 Global Ride-Sharing Software Market by Vehicle Type, Performance - Potential Analysis
7.3 Global Ride-Sharing Software Market Estimates & Forecasts by Vehicle Type 2019-2029 (USD Billion)
7.4 Ride-Sharing Software Market, Sub Segment Analysis
7.4.1 Two-wheeler
7.4.2 Three-wheeler
7.4.3 Four-wheeler
7.4.4 Others
8 Global Ride-Sharing Software Market, by Location
8.1 Market Snapshot
8.2 Global Ride-Sharing Software Market by Location, Performance - Potential Analysis
8.3 Global Ride-Sharing Software Market Estimates & Forecasts by Location 2019-2029 (USD Billion)
8.4 Ride-Sharing Software Market, Sub Segment Analysis
8.4.1 Urban
8.4.2 Rural
9 Global Ride-Sharing Software Market, by End User
9.1 Market Snapshot
9.2 Global Ride-Sharing Software Market by End User, Performance - Potential Analysis
9.3 Global Ride-Sharing Software Market Estimates & Forecasts by End User 2019-2029 (USD Billion)
9.4 Ride-Sharing Software Market, Sub Segment Analysis
9.4.1 Institutional
9.4.2 Personal
10 Global Ride-Sharing Software Market, Regional Analysis
10.1 Ride-Sharing Software Market, Regional Market Snapshot
10.2 North America Ride-Sharing Software Market
10.2.1 U.S. Ride-Sharing Software Market
- 10.2.1.1 Service Type breakdown estimates & forecasts, 2019-2029
- 10.2.1.2 Vehicle Type breakdown estimates & forecasts, 2019-2029
- 10.2.1.3 Location breakdown estimates & forecasts, 2019-2029
- 10.2.1.4 End User breakdown estimates & forecasts, 2019-2029
10.2.2 Canada Ride-Sharing Software Market
10.3 Europe Ride-Sharing Software Market Snapshot
10.3.1 U.K. Ride-Sharing Software Market
10.3.2 Germany Ride-Sharing Software Market
10.3.3 France Ride-Sharing Software Market
10.3.4 Spain Ride-Sharing Software Market
10.3.5 Italy Ride-Sharing Software Market
10.3.6 Rest of Europe Ride-Sharing Software Market
10.4 Asia-Pacific Ride-Sharing Software Market Snapshot
10.4.1 China Ride-Sharing Software Market
10.4.2 India Ride-Sharing Software Market
10.4.3 Japan Ride-Sharing Software Market
10.4.4 Australia Ride-Sharing Software Market
10.4.5 South Korea Ride-Sharing Software Market
10.4.6 Rest of Asia Pacific Ride-Sharing Software Market
10.5 Latin America Ride-Sharing Software Market Snapshot
10.5.1 Brazil Ride-Sharing Software Market
10.5.2 Mexico Ride-Sharing Software Market
10.5.3 Rest of Latin America Ride-Sharing Software Market
10.6 Rest of The World Ride-Sharing Software Market
11 Competitive Intelligence
11.1 Top Market Strategies
11.2 Company Profiles
11.2.1 Uber Technologies Inc
- 11.2.1.1 Key Information
- 11.2.1.2 Overview
- 11.2.1.3 Financial (Subject to Data Availability)
- 11.2.1.4 Product Summary
- 11.2.1.5 Recent Developments
11.2.2 Bolt Technology OÜ
11.2.3 Lyft Inc
11.2.4 ANI Technologies Pvt. Ltd
11.2.5 Grab Holdings Inc
11.2.6 Didi Chuxing Technology Co
11.2.7 Share Now GmbH
11.2.8 Cabify España S.L.U
11.2.9 Via Transportation Inc
11.2.10 BlaBlaCar
12 Research Process
12.1 Research Process
12.1.1 Data Mining
12.1.2 Analysis
12.1.3 Market Estimation
12.1.4 Validation
12.1.5 Publishing
12.2 Research Attributes
12.3 Research Assumption