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Ride-Sharing Market Global Opportunity Analysis and Industry Forecast – 2022-2029, Global Industry Analysis, and Forecast to 2029

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Pune, Jan. 16, 2023 (GLOBE NEWSWIRE) — Ride-Sharing Market is estimated to reach USD 305.43 Billion by 2029, up from USD 85.8 Billion in 2021, at a compound annual growth rate (CAGR) of 17.2 %, states Maximize Market Research.

Ride-Sharing Market Scope and Research Methodology:

The report presents a comprehensive analysis of the global ride sharing market to the stakeholders who want to invest in the market. The report includes past and current scenarios of the ride sharing market with the forecasted market size. The report covers all the aspects of the market with a thorough study of key players that include market leaders, followers, and new entrants.

The research study is provided by using an in-depth analysis of the market insights, facts, historical data, and industry-validated market statistics. These estimates are based on an appropriate set of assumptions and methodologies. The bottom-up approach has been used to collect the data and analyze the market to figure out the market size by volume and value by mentioned segments. Major key players in the ride sharing market are identified through secondary research and their market revenues are determined through a study of the top manufacturers’ annual and financial reports, interviews with company key persons, and industry professionals such as experienced front-line staff, CEOs, and marketing executives. By understanding the scope of the market analyst has segmented the market based on service type, business model, vehicle type, target audience, and region. The growth amongst these segments will help to analyze the industries and provide the users with a valuable market overview and market insights to make strategic decisions for identifying core market applications.

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Global Ride-Sharing Market Overview

Ridesharing is an alternate means of transportation in which many people share a vehicle, to complete a trip. The Ridesharing services have several advantages including easy booking options, low carbon footprints, affordable door-to-door ride services, and no parking issues. The growing popularity of ride-sharing may have a chance to lower the sales of the global automobile. However, ride-sharing is unlikely to account for around one-third of the expected rise in car sales due to urbanization and economic development. China is one of the key markets for ride-sharing. The other major regional market in this field is the United States, where Uber and Lyft are leading key players.

Global Ride-Sharing Market Dynamics

A vehicle’s ownership costs include finance, fuel, maintenance, registration/taxes, and maintenance & repair as well as depreciation. The expense of owning a vehicle rises year after year. Fuel prices and maintenance expenses have risen dramatically in recent years and this trend is expected to continue. Maintenance costs, such as part and component replacement and labor fees, have also risen. Furthermore, with the implementation of strict emission standards, automobiles require better, more advanced, and more expensive after-treatment devices. These things add together to raise the overall cost of car ownership. Daily commuters, particularly office commuters, prefer ride-sharing services, which is expected to boost the ride-sharing market’s growth during the forecast period.

The primary factor driving the growth of ride-sharing services is a significant increase in the preference for taxi and bike-sharing among regular office commuters. Furthermore, the growth of services given by market leaders such as Uber and Ola as well as the ability to choose convenient pick-up and drop-off locations are pushing customers to use ride-sharing services.

Stringent vehicle registration and license rules make it difficult for an app-based taxi fleet that provides ride-sharing services. This has slowed the adoption of ride-hailing services in some countries and regions.

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Ride-Sharing Market Regional Insights

Asia Pacific is expected to hold the largest ride-sharing market share by 2029. In the Asia Pacific, emerging countries are likely to have significant growth, mainly in urban transportation. India is the leading market in terms of ridesharing usage frequency, ahead of China and the United States. The high population growth rate and rising urbanization have increased the demand for transportation in this region.

North America leads the global ride-sharing market in terms of revenue share because of the high concentration of market vendors in the United States. Furthermore, North America is the world’s greatest technology investor and inventor, which supports the region’s rapid rise in ride-sharing. Furthermore, the region is an industrial hub that promotes the implementation of the corporate model of ride-sharing in the region.

Market Size in 2021 USD 85.8 billion
Market Size in 2029 USD 305.43 billion
CAGR 17.2 % (2022-2029)
Forecast Period 2022-2029
Base Year 2021
Number of Pages 213
No. of Tables 110
No. of Charts and Figures 112
Segment Covered Service Type, Business Model, Vehicle Type, Target Audience, and region.
Regional Scope North America, Europe, Asia Pacific, Middle East and Africa, South America
Report Coverage Market Share, Size & Forecast by Revenue | 2022−2029, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis.

Global Ride-Sharing Market Segmentation

By Service Type:

  • E-hailing
  • Car sharing
  • Station-based mobility
  • Car rental

By Business Model:

  • P2P car sharing
  • Corporate Car Sharing

By Vehicle Type:

  • Sedan/Hatchback
  • UV
  • Van
  • Buses & Coaches
  • Bikes
  • Electric Vehicle

By Target Audience:

  • Corporate
  • Families
  • Daily commuters
  • Others

Download the Free Sample Report at:

https://www.maximizemarketresearch.com/request-sample/22421

Global Ride-Sharing Market Key Competitors:

  • Uber Technologies Inc (US)
  • Lyft, Inc (US)
  • Wingz, Inc (US)
  • Curb Mobility (US)
  • GoKid Corporation (US)
  • Via Transportation, Inc. (US)
  • Hertz Corporation (US)
  • AVIS Budget Group (US)
  • Hitch Technologies, Inc (US)
  • Flywheel (US)
  • Ziro (US)
  • Alto (US)
  • Turo (US)
  • BlaBlaCar (France)
  • Gett (UK)
  • Cabify (Spain)
  • Bhuumi Ride (India)
  • OLA Cabs (India)
  • DiDi Global Inc (China)
  • Grab (Singapore)
  • Bridj (Australia)
  • Bolt Technology OÜ (Estonia)
  • GO-JEK (Indonesia)
  • Angkas (Philippine)
  • SafeBoda (Uganda)

Key questions answered in the Global Ride-Sharing Market are:

  • What is the growth rate of the Global Ride-Sharing Market during the forecast period?
  • What is the nature of competition in the Global Ride-Sharing industry in developed economies and developing economies?
  • Which are the top five key market leaders in the Ride-Sharing Market?
  • What will be the future innovation in the Ride-Sharing market in the upcoming six years?
  • Which Service Type and Vehicle Type will lead the largest share of the Market?
  • What are the growth drivers, restraints, and challenges of the Ride-Sharing industry?
  • What will be the CAGR and size of the Ride-Sharing Market for the base year and forecast period?

Purchase Report:

https://www.maximizemarketresearch.com/checkout/?method=PayPal&reportId=22421&type=Single%20User

Key Offerings:

  • Market Share, market size, its growth rates & Forecast by Revenue | 2022−2029
  • Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
  • Market Segmentation – A detailed analysis by Service Type, Business Model, Vehicle Type, Target Audience, and region.
  • Competitive Landscape – Top Key players and Other Prominent Vendors

Maximize Market Research is leading research firm, has also published the following reports:

Ride-hailing MarketMarket size is expected to reach US$ 181.69 Bn. by 2029, at a CAGR of 13.20% during the forecast period. Rising the price of fuel and the high maintenance cost of vehicles propel the growth of this market.

Shared Mobility MarketThe market size was valued at US$ 443.81 Bn. in 2021 and the total revenue is expected to grow at 7.67 % during the forecast period. Customers are selecting more cost-effective and attractive modes of transportation over personal driving preferences. These factors are likely to accelerate the growth market over the forecast period.

Autonomous / Self-Driving Cars MarketThe market size was at USD 20.5 Million in 2021 and the total revenue is expected to grow at 13.5% of CAGR during the forecast period. The recent technological developments in the sectors of artificial intelligence, machine learning, and other sensors are driving market growth in the forecast period.

Vehicle Tracking Systems MarketThe market is expected to reach USD 84.22 billion by 2029. Vehicles That Integrate Real-Time Surveillance services are expected to increase the Vehicle Tracking Systems market growth.

Car DVR MarketThe market size was valued at US$ 2889.6 Million in 2021 and the total revenue is expected to grow at 5.10% during the forecast period. The global Car DVR market is forecast to be driven by falling camera prices and advancements in wireless technologies.

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

Contact us for a more detailed view at: [email protected]  


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Enghouse Video Partners With SONIFI Health To Deliver Advanced Telehealth Solutions In Hospital Rooms

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MARKHAM, ON, April 25, 2024 /PRNewswire/ — Enghouse Video, a global leader in cutting-edge video technology solutions, today announced its partnership with SONIFI Health, enhancing virtual care in hospital settings.

SONIFI Health is a leading U.S. healthcare technology company based in Sioux Falls, South Dakota. The new partnership leverages and integrates Enghouse Video room systems technology to support SONIFI Health’s commitment to expanding telehealth applications and system optimizations in hospital settings.
Enghouse’s VidyoRooms solution, a sophisticated video conferencing technology that combines both software and hardware solutions, has been fully integrated into SONIFI Health’s interactive TV systems. This integration provides up to 4K high-quality video conferencing, multi-party sessions and robust security features that ensure full compliance with healthcare regulations.
Enghouse Video offers an immersive telehealth platform to support collaborative interdisciplinary care, improved patient outcomes and cost savings. The platform is flexible and simple, delivering the reliability, interoperability, and scalability needed for today’s healthcare environment. A key strength of the partnership is its offering of back-end integrations like patient portals, medical devices, EMR, tele-sitting, remote patient observation and consultation.
“Hospitals can choose the telehealth partner that’s right for them, and we incorporate that solution with interactive TV,” said Brian Nido, SONIFI Health’s Vice President of Customer Success. “Using the hardware and systems they already have in patient rooms helps hospitals reduce costs and maximize the value of their existing investments, while benefiting both clinicians and patients.”
SONIFI Health and Enghouse Video continue to collaborate closely to further refine and enhance the telehealth solutions provided to healthcare facilities. This partnership reflects a shared commitment to leveraging technology to create smarter hospital rooms and improve patient care across the healthcare spectrum.
About Enghouse VideoEnghouse Video, part of the Enghouse Interactive division, is a subsidiary of Enghouse Systems Limited, a vertically focused software and services company traded on the Toronto Stock Exchange (TSX: ENGH). Through highly secure, scalable and flexible Cloud-based or On Prem services, we deliver one of the world’s highest quality and most innovative video platform to video-enable any application or idea. From advanced video conferencing and collaboration tools to state-of-art enterprise video management, Enghouse Video is a unique player in multiple markets, including telehealth. Learn more at www.enghousevideo.com, read our blog, or follow us on Twitter at @EnghouseVideo, on LinkedIn, and on Facebook.
About SONIFI HealthSONIFI Health provides market-leading interactive patient engagement technology proven to improve patient outcomes and staff productivity. The EHR-integrated platform is designed to enhance patient and family experiences while increasing staff satisfaction and organizations’ operational efficiencies. As part of SONIFI Solutions, Inc., the company annually supports more than 300 million end user experiences. Learn more at sonifihealth.com.
Enghouse Video Contact: Sylvain Awad, Director, Demand Generation, Enghouse Video, part of Enghouse Interactive Division, [email protected]

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Global Insurance Provider Selects 3CLogic to Streamline AI and Contact Center Capabilities with ServiceNow

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Multinational Insurance Broker to deploy 3CLogic’s solution with ServiceNow’s Financial Service Operations (FSO) platform to streamline customer experiences.
ROCKVILLE, Md., April 25, 2024 /PRNewswire/ — 3CLogic, the leading Conversational AI and Contact Center solution for ServiceNow®, today announced its selection by a global insurance provider to replace its existing contact center infrastructure as part of a larger CX transformation effort. The strategic decision is designed to complement the organization’s use of ServiviceNow’s Financial Services Operations (FSO) offering leveraged across a number of its existing product lines including Customer Warranty Claims, Roadside Assistance, and Home Warranties.

Serving millions of customers worldwide with innovative insurance and protective products, the organization required a solution that would enhance its recent investment in the ServiceNow platform as it works to transform its end-to-end customer service operations. The deployment will incorporate several of 3CLogic’s AI-powered capabilities purpose-built for ServiceNow, including Conversational AI, Speech Analytics, and AI Performance & Coaching, along with integrated call transcriptions, convenient 2-way SMS, and ServiceNow-centralized contact center reporting.
“We continue to see enterprises eager to complement their existing investment in digital platforms, such as ServiceNow, with contact center features purpose-built to extend the workflows and features they already have and use,” explains Matt Durkin, VP of Global Sales at 3CLogic. “It’s no secret that organizations are already juggling too many systems, often with overlapping capabilities, which impacts ROI and operational efficiency. We’re proud to offer an alternative approach that helps simplify the technology stack while optimizing the overall operational costs and outcomes.”
Recently named to Constellation Research’s 2024 Shortlist for Digital Customer Service and Support, 3CLogic has seen global adoption of its solution by leading enterprises in healthcare, manufacturing, travel, retail, higher education, finance, non-profits, and Managed Service Providers across five continents. As a ServiceNow-certified Technology and Build partner with offerings available for ServiceNow’s IT Service Management, Customer Workflows, HR Service Delivery, and Source-to-Pay solutions, the company will be unveiling its latest set of capabilities at ServiceNow’s annual Knowledge 2024 event this May in Las Vegas.
For more information, please contact [email protected].
About 3CLogic3CLogic transforms customer and employee experiences with its leading Cloud Contact Center and AI solutions purpose-built to enhance today’s leading CRM and Customer Service Management platforms. Globally available and leveraged by the world’s leading brands, its offerings empower enterprise organizations with innovative features such as intelligent self-service, generative and Conversational AI, agent automation & coaching, and AI-powered sentiment analytics – all designed to lower operational costs, maximize ROI, and optimize each interaction across IT Service Desks, Customer Support, Sales or HR Services teams. For more information, please visit www.3clogic.com.
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ScreenPoint Medical Leadership Transition: Pieter Kroese Confirmed as CEO

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Leading Breast AI Company, creator of industry-leading Transpara®, promotes from within for new CEO
NIJMEGEN, Netherlands, April 25, 2024 /PRNewswire/ — ScreenPoint Medical, today announced a significant transition in its leadership as Mark Koeniguer, the current CEO, steps down from his position. Mark served as CEO since 2022 and was instrumental in ScreenPoint’s commercial growth and success over the past 2 years.

 
 
The company’s Board of Directors has appointed Pieter Kroese as the new Chief Executive Officer effective April 25, 2024. Pieter takes the role after serving as COO of ScreenPoint for over five years. During that time, he has managed the transition of the company from an early startup to a thriving enterprise with hundreds of customers using ScreenPoint’s flagship Transpara software to support millions of scans a year.
“I am thrilled to lead ScreenPoint into its next phase of growth and innovation,” said Mr. Kroese. “I am deeply committed to building upon the strong foundation we have and continuing to work closely with our talented team to drive continued success. We are already expanding screening capacity and capability through proven reader support – we look forward to increasing our ability to support providers and women moving forward.”
Sir Michael Brady, Chairman of the Board at ScreenPoint Medical and a co-founder of the company, expressed enthusiasm about Pieter’s appointment, stating, “Pieter’s remarkable leadership qualities, coupled with his depth of knowledge of our product and industry, make him the perfect choice to lead ScreenPoint into the future. His strategic mindset and commitment to excellence align perfectly with our company mission of early breast cancer detection. Pieter has been an integral part of our growth to date and will provide seamless leadership through this transition into our next chapter for our customers, partners, and team.”
Author of “No Longer Radical” and over a hundred peer-reviewed publications on breast imaging, Dr. Rachel Brem is a Transpara user and ScreenPoint Board Member. Dr. Brem welcomed Mr. Kroese with the following: “Pieter has been an integral part of the ScreenPoint team for years. I am confident that his leadership will continue to deliver product excellence: earlier detection with outstanding reading workflow and improved patient outcomes. We continue to see these results from clinical sites all over the world, including many here in the United States. No other Breast AI solution has demonstrated the same results as Transpara, and I am confident that the team will continue to push on these frontiers under Pieter’s leadership.” 
The entire team at ScreenPoint extends its gratitude to Mark Koeniguer and wishes him every success in the future, while warmly welcoming Pieter Kroese into his new role as CEO.
About ScreenPoint Medical
ScreenPoint Medical translates cutting edge machine learning research into technology accessible by radiologists to improve screening workflow, decision confidence and breast cancer risk assessment. Transpara is trusted by radiologists globally because it has been developed by experts in machine learning and image analysis and updated with user feedback from world-renowned breast imagers.
See all the proof at: https://screenpoint-medical.com/evidence.
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