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.
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.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 893.23 Million |
| Market Size by 2028 | US$ 1,731.37 Million |
| CAGR (2021 - 2028) | 9.9% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
Middle East and Africa
|
| Market leaders and key company profiles |
|
The Middle East & Africa Smart Commute Market is valued at US$ 893.23 Million in 2021, it is projected to reach US$ 1,731.37 Million by 2028.
As per our report Middle East & Africa Smart Commute Market, the market size is valued at US$ 893.23 Million in 2021, projecting it to reach US$ 1,731.37 Million by 2028. This translates to a CAGR of approximately 9.9% during the forecast period.
The Middle East & Africa Smart Commute Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East & Africa Smart Commute Market report:
The Middle East & Africa Smart Commute Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East & Africa Smart Commute Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East & Africa Smart Commute Market value chain can benefit from the information contained in a comprehensive market report.
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