Scope of the Study
Carpooling is the sharing of car journeys by other persons who are willing to travel for the same location and agree to share travel expenses among them. The carpooling software connects car owners/drivers and co-travelers to share within city journeys or long-distance trips together with the intension of both saving fuel prices. This software connects various users to share their car journeys as per the need. The International Energy Association projected that there will be 1.7 billion cars on the road by 2035. This means there will increase traffic in the upcoming year, to avoid meeting traffic many of the people will use carpooling software to know which carpooling will take the least time to reach their destination. This will boom the demand for carpooling software in the next few years
The market study is being classified, by Application (Business and Personal) and major geographies with country level break-up.
Uber Technologies, Inc. (United States), BlaBlaCar (France), Wunder Carpool (Germany), Karos (France), Carma (Ireland), Splitting Fares, Inc. (United States), Waze Mobile Limited (Israel), Shared Rides (Lyft Line), Via Transportation (United States), Zimride (United States), Scoop Technologies (India), Ola Cabs (India), SRide (India), Meru Cabs (India) and Dida Chuxing (China) are some of the key players profiled in the study.
The carpooling software market is highly fragmented due to the presence of several local and global players. The level of competition among the companies in the carpooling software market is intense and providers are focusing to developing new customized offering to their customers. Research Analyst at AMA predicts that United States, France, India, and China Players will contribute to the maximum growth of Global Carpooling Software market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Carpooling Software market by Type, Application and Region.
On the basis of geography, the market of Carpooling Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Emergence of Internet Penetration and the Use of Smartphones
- Rising Cost of Vehicle Ownership
- Save Money and Time for Individuals Car Traveling
- Customize and Schedule Carpooling as per Needs
- Software Technical Issues
- Increasing Adoption of Carpooling Software by Working Population for Daily Travelling
- Growing Demand for Carpooling for Outstation Rides
- Fraud Identities of Car Riders
- Data Privacy Concerns
In September 2018, French startup Klaxit partnered with Uber for carpooling service for last-minute changes. Klaxit will book Uber rides for its users.
Analyst CommentHigh adoption of carpooling software in India and China has increased due to the increasing working population and ease of commute as well as saving of travel expense. With access to millions of journeys, the users are able to quickly find people nearby travelling his/her way.
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, Carpooling Software Providers, Cloud Service Providers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End Users
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