Evolve Business Intelligence has published a research report on the Global Carpooling Software Market, 2021–2030. The global Carpooling Software market is projected to exhibit a CAGR of around 18.7% during the forecast period of 2022 to 2030.
Evolve Business Intelligence has recognized the following companies as the key players in the global Carpooling Software market: Uber, BlaBlaCar, Wunder Carpool, Karos, Carma, SPLT (Splitting Fares), Waze Carpool, Shared Rides (Lyft Line), Via Transportation, Zimride by Enterprise, Scoop Technologies, Ola Share, SRide, Meru Carpool, Grab, and others.
Market Highlights
The global Carpooling Software market is projected to be recording a CAGR of 18.7% during the forecast period.
Carpooling is the sharing of car journeys so that more than one person travels in a car and thus has fewer cars on the road. It reduces pollution since there will be fewer cars aerosolizing fossil fuels and pumping out pollutants. Many websites have been developed to offer people rideshare options – through those applications, users can share their rides if they don’t mind picking up or dropping off other people too. Those applications enable users to create their trips, present them publicly, and find other passengers who are going to similar destinations as them – making things much easier for everyone.
More and more governments are trying to get people to ride with others in the same vehicle, reducing their carbon emissions. There is a great need for this initiative because it helps the government regulate traffic on its streets better, while also helping to further manage the number of vehicles owned by individuals. Customers love riding with others in the same car, which makes them want to carpool even more. A side benefit though is that there’s usually less overall travel cost when riding with another person, which also inspires people to use this service even more frequently.
Covid-19 has caused the Carpooling Software market to slow down as due to the contagious nature of the pandemic, travel controls were put in place during the outbreak which restricted residents’ ability to visit airports, stadiums, and shopping centers, and affected the demand for transportation. At the same time, people are in constant fear of the deadly virus and hence avoid coming in contact with more people. One of the most common ways to avoid crow is to avoid public transport, and thus it affects carpooling also.
Segmental Analysis
The global Carpooling Software market has been segmented based on type, application, and region.
By type, the global Carpooling Software market has been segmented into Standalone Platforms and Integrated. The Standalone Platform focuses on specific features whereas the Integrated platform provides many solutions in a single platform. With the growing demand for an all-in-one solution, integrated software is expected to gain the highest momentum in the forecasted period.
By applications, the global Carpooling Software market has been segmented into businesses, Individuals, and Schools. The highest application of the carpooling software is for businesses because more and more companies are taking initiatives for encouraging their employees to use carpooling as their mode of transport to commute to the workplace.
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Regional Analysis
Geographically, the global Carpooling Software market has been categorized as North America, Europe, Asia-Pacific, South America, and Middle East & Africa. The North American region is anticipated to be dominating the Carpooling Software Market due to the presence of large players in the region, and the European Market for Carpooling Software is expected to be the fastest-growing market over the forecasted years owing to the increasing number of vehicle manufacturers and growing concerns over carbon emission.