South America Smart Commute Market Forecast to 2028 – COVID

South America Smart Commute Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Carpooling, Van Pooling, Bike Pooling, Metro, and Others), Solution (Mobile Apps, Parking Management, Traffic Management, and Others), and End User (Personal and Enterprises)  Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Carpooling, Van Pooling, Bike Pooling, Metro, and Others), Solution (Mobile Apps, Parking Management, Traffic Management, and Others), and End User (Personal and Enterprises)

Report Code : BMIRE00025589 | Region : LAMEA | Industry : Automotive and Transportation | Published Date : 10/Aug/2022

The smart commute market in South America is expected to grow from US$ 738.71 million in 2021 to US$ 1,030.17 million by 2028; it is estimated to grow at a CAGR of 4.9% from 2021 to 2028

Internet of Things (IoT) devices can be used to make daily commutes more enjoyable. Such technologies also help reduce overall transport costs while being environmentally beneficial. The best IoT option for the last-mile journey could be connected bicycles. Citizens have begun to benefit from combined bike-sharing possibilities provided by several market players. Further, users can keep track of bike availability, usage, and trip details. The only factor hampering the growth of linked bike-sharing programs is integrating them into the recent traffic. Governments of South American countries must ensure that designated bike lanes exist to maintain a smooth traffic flow. In a few areas, connected electric scooters are also available for rent. A few firms offer complimentary helmets to electric scooter riders for a minimal shipping fee. By providing alternate commute options, these businesses contribute to a better future. Apps for taxi commuting are widespread among the youth. Rather than driving their cars, many commuters use taxi services such as Uber and Lyft. This is a more cost-effective and environmentally responsible solution than single-user rides. These businesses can access a wealth of data that may be monitored and studied to improve cab-sharing services. Unlike most public transit, they can function similarly to public transportation but provide a comprehensive commute option. Thus, the adoption of connected last-mile commute with IoT is anticipated to create significant growth opportunities in the smart commute market in the coming years.

South America Smart Commute Market Revenue and Forecast to 2028 (US$ Million)

South America Smart Commute Market Segmentation

The South America 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 South America smart commute market. Similarly, based on country, the market is segmented into Brazil, Argentina, and the Rest of South America. Further, 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 commute market.

At 4.9% CAGR, the South America Smart Commute Market is speculated to be worth US$ 1,030.17 million by 2028, says The Insight Partners

According to The Insight Partners’ research, the South America smart commute market was valued at US$ 738.71 million in 2021 and is expected to reach US$ 1,030.17 million by 2028, registering an annual growth rate of 4.9% from 2021 to 2028. The increasing trend of mobility-as-a-service and adoption of connected last mile commute with IoT are the critical factors attributed to the market expansion.

People who are not capable of purchasing a car can experience seamless travel through mobility services. Mobility-as-a-service 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 environmentally friendly alternative to private automobile ownership. The rapid pace of urbanization is already leading to traffic congestion. The mobility as a service (MaaS) concept may be a better choice for reducing traffic congestion by making greater use of existing public and private transportation infrastructure. The urgent demand for effective solutions to handle traffic in smart cities in a faster, less expensive, and more convenient manner is expected to fuel MaaS market growth by 2028. Therefore, the increasing trend of mobility as a Service (MaaS) is expected to fuel the growth of the smart commute market.

On the contrary, dynamic pricing and accessibility concerns hurdles the growth of South America smart commute market.

Based on type, the South America smart commute market is segmented into carpooling, vanpooling, bike pooling, metro, and others. The carpooling segment held 39.2% market share in 2021, amassing US$ 289.49 million. It is projected to garner US$ 449.98 million by 2028 to expand at 6.5% CAGR during 2021–2028.

Based on solution, the South America smart commute market is categorized into mobile apps, parking management, traffic management, and others. With 79.1% share the mobile apps segment dominated the market in 2021. It accrued US$ 584.13 million in 2021 and is estimated to generate US$ 842.71 million by 2028 to grow at a CAGR of 5.4% over the forecast period.

Based on end user, the South America smart commute market is bifurcated into personal and enterprises. The enterprises segment held 63.9% market share in 2021, amassing US$ 471.81 million. It is projected to garner US$ 684.59 million by 2028 to expand at 5.5% CAGR during 2021–2028.

Based on country, the South America smart commute market is fragmented into Brazil, Argentina, and the rest of South America. Our regional analysis states that Brazil captured 61.4% market share in 2021. It was assessed at US$ 453.79 million in 2021 and is likely to hit US$ 668.53 million by 2028, exhibiting a CAGR of 5.7% during the forecast period.

Key players dominating the South America smart commute market are BlaBlaCar, Enterprise Holdings Inc, Golden Concord Holdings Limited., and Uber Technologies Inc among others.

TABLE OF CONTENTS

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. SAM Smart Commute Market Landscape

4.1 Market Overview

4.2 PEST Analysis

4.2.1 SAM – PEST Analysis

4.3 Ecosystem Analysis

4.4 Expert Opinions

5. SAM Smart Commute Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Rising Demand for Carpool and Bike Pool Services

5.1.2 Increasing Smart Commute Programs

5.2 Market Restraints

5.2.1 Dynamic Pricing and Accessibility Concerns

5.3 Market Opportunities

5.3.1 Adoption of Connected Last Mile Commute with IoT

5.4 Future Trends

5.4.1 Increasing Trend of Mobility-as-a-Service

5.5 Impact Analysis of Drivers and Restraints

6. Smart Commute Market – SAM Analysis

6.1 SAM Smart Commute Market Overview

6.2 SAM Smart Commute Market –Revenue and Forecast to 2028 (US$ Million)

7. SAM Smart Commute Market Analysis – By Type

7.1 Overview

7.2 SAM Smart Commute Market Breakdown, By Type (2020 and 2028)

7.3 Carpooling

7.3.1 Overview

7.3.2 Carpooling: SAM Smart Commute Market Revenue and Forecast to 2028 (US$ Million)

7.4 Van Pooling

7.4.1 Overview

7.4.2 Van Pooling: SAM Smart Commute Market Revenue and Forecast to 2028 (US$ Million)

7.5 Bike Pooling

7.5.1 Overview

7.5.2 Bike Pooling: SAM Smart Commute Market Revenue and Forecast to 2028 (US$ Million)

7.6 Metro

7.6.1 Overview

7.6.2 Metro: SAM Smart Commute Market Revenue and Forecast to 2028 (US$ Million)

7.7 Others

7.7.1 Overview

7.7.2 Others: SAM Smart Commute Market Revenue and Forecast to 2028 (US$ Million)

8. SAM Smart Commute Market Analysis – By Solution

8.1 Overview

8.2 SAM Smart Commute Market Breakdown, By Solution (2020 and 2028)

8.3 Mobile Apps

8.3.1 Overview

8.3.2 Mobile Apps: SAM Smart Commute Market Revenue and Forecast to 2028 (US$ Million)

8.4 Parking Management

8.4.1 Overview

8.4.2 Parking Management: SAM Smart Commute Market – Revenue and Forecast to 2028 (US$ Million)

8.5 Traffic Management

8.5.1 Overview

8.5.2 Traffic Management: SAM Smart Commute Market – Revenue and Forecast to 2028 (US$ Million)

8.6 Others

8.6.1 Overview

8.6.2 Others: SAM Smart Commute Market Revenue and Forecast to 2028 (US$ Million)

9. SAM Smart Commute Market Analysis – By End User

9.1 Overview

9.2 SAM Smart Commute Market Breakdown, By End User (2020 and 2028)

9.3 Personal

9.3.1 Overview

9.3.2 Personal: SAM Smart Commute Market Revenue and Forecast to 2028 (US$ Million)

9.4 Enterprises

9.4.1 Overview

9.4.2 Enterprises: SAM Smart Commute Market – Revenue and Forecast to 2028 (US$ Million)

10. SAM Smart Commute Market – Country Analysis

10.1 Overview

10.1.1 SAM: Smart Commute Market- by Key Country

10.1.1.1 Brazil: Smart Commute Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.1.1 Brazil: Smart Commute Market- By Type

10.1.1.1.2 Brazil: Smart Commute Market- By Solution

10.1.1.1.3 Brazil: Smart Commute Market- By End User

10.1.1.2 Argentina: Smart Commute Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.2.1 Argentina: Smart Commute Market- By Type

10.1.1.2.2 Argentina: Smart Commute Market- By Solution

10.1.1.2.3 Argentina: Smart Commute Market- By End User

10.1.1.3 Rest of SAM: Smart Commute Market – Revenue and Forecast to 2028 (US$ Million)

10.1.1.3.1 Rest of SAM: Smart Commute Market- By Type

10.1.1.3.2 Rest of SAM: Smart Commute Market- By Solution

10.1.1.3.3 Rest of SAM: Smart Commute Market- By End User

11. Industry Landscape

11.1 Overview

11.2 Market Initiative

12. Company Profiles

12.1 BlaBlaCar

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 Enterprise Holdings Inc.

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 Golden Concord Holdings Limited.

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 Uber Technologies Inc.

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

13. Appendix

13.1 About The Insight Partners

13.2 Word Index

LIST OF TABLES.

Table 1.             SAM Smart Commute Market – Revenue and Forecast to 2028 (US$ Million)

Table 2.             SAM Smart Commute Market, Revenue and Forecast to 2028 – By Country (US$ million)

Table 3.             Brazil: Smart Commute Market- By Type –Revenue and Forecast to 2028 (US$ Million)

Table 4.             Brazil: Smart Commute Market- By Solution –Revenue and Forecast to 2028 (US$ Million)

Table 5.             Brazil: Smart Commute Market- By End User –Revenue and Forecast to 2028 (US$ Million)

Table 6.             Argentina: Smart Commute Market- By Type –Revenue and Forecast to 2028 (US$ Million)

Table 7.             Argentina: Smart Commute Market- By Solution –Revenue and Forecast to 2028 (US$ Million)

Table 8.             Argentina: Smart Commute Market- By End User –Revenue and Forecast to 2028 (US$ Million)

Table 9.             Rest of SAM: Smart Commute Market- By Type–Revenue and Forecast to 2028 (US$ Million)

Table 10.          Rest of SAM: Smart Commute Market- By Solution –Revenue and Forecast to 2028 (US$ Million)

Table 11.          Rest of SAM: Smart Commute Market- By End User –Revenue and Forecast to 2028 (US$ Million)

Table 12.          List of Abbreviation

LIST OF FIGURES.

Figure 1.           SAM Smart Commute Market Segmentation

Figure 2.           SAM Smart Commute Market Segmentation – By Country

Figure 3.           SAM Smart Commute Market Overview

Figure 4.           Carpooling Segment Held the Largest Market Share in 2020

Figure 5.           Mobile Apps Segment Held the Largest Market Share in 2020

Figure 6.           End User Segment Held the Largest Market Share in 2020

Figure 7.           Brazil was the Largest Revenue Contributor in 2020

Figure 8.           SAM – PEST Analysis

Figure 9.           SAM Smart Commute Market– Ecosystem Analysis

Figure 10.        Expert Opinions

Figure 11.        SAM Smart Commute Market: Impact Analysis of Drivers and Restraints

Figure 12.        SAM Smart Commute Market – Revenue and Forecast to 2028 (US$ Million)

Figure 13.        Smart Commute Market Breakdown, By Type (2020 and 2028)

Figure 14.        Carpooling: SAM Smart Commute Market Revenue and Forecast to 2028 (US$ Million)

Figure 15.        Van Pooling: SAM Smart Commute Market Revenue and Forecast to 2028 (US$ Million)

Figure 16.        Bike Pooling: SAM Smart Commute Market Revenue and Forecast to 2028 (US$ Million)

Figure 17.        Metro: SAM Smart Commute Market Revenue and Forecast to 2028 (US$ Million)

Figure 18.        Others: SAM Smart Commute Market Revenue and Forecast to 2028 (US$ Million)

Figure 19.        SAM Smart Commute Market Breakdown, By Solution (2020 and 2028)

Figure 20.        Mobile Apps: SAM Smart Commute Market Revenue and Forecast to 2028 (US$ Million)

Figure 21.        Parking Management: SAM Smart Commute Market – Revenue and Forecast to 2028 (US$ Million)

Figure 22.        Traffic Management: SAM Smart Commute Market – Revenue and Forecast to 2028 (US$ Million)

Figure 23.        Others: SAM Smart Commute Market Revenue and Forecast to 2028 (US$ Million)

Figure 24.        SAM Smart Commute Market Breakdown, By End User (2020 and 2028)

Figure 25.        Personal: SAM Smart Commute Market Revenue and Forecast to 2028 (US$ Million)

Figure 26.        Enterprises: SAM Smart Commute Market – Revenue and Forecast to 2028 (US$ Million)

Figure 27.        SAM: Smart Commute Market, by key Country – Revenue (2020) (US$ Million)

Figure 28.        SAM: Smart Commute Market Revenue Share, By Key Country (2020 and 2028)

Figure 29.        Brazil: Smart Commute Market – Revenue and Forecast to 2028 (US$ Million)

Figure 30.        Argentina: Smart Commute Market – Revenue and Forecast to 2028 (US$ Million)

Figure 31.        Rest of SAM: Smart Commute Market – Revenue and Forecast to 2028 (US$ Million)

The List of Companies - South America Smart Commute Market

● BlaBlaCar

● Enterprise Holdings Inc

● Golden Concord Holdings Limited.

● Uber Technologies Inc

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the South America Smart Commute Market.

● Highlights key business priorities in order to assist companies to realign their business strategies

● The key findings and recommendations highlight crucial progressive industry trends in the South America Smart Commute Market, thereby allowing players across the value chain to develop effective long-term strategies

● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

● Scrutinize in-depth South America market trends and outlook coupled with the factors driving the Smart Commute Market, as well as those hindering it

● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

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