Cloud Database Market COVID – 19 Impact Analysis market highlights, scope, Competitive Outlook Forecast Till 2027

 Market Highlights

Cloud database is a database service which can be used in storing and managing files through the cloud. Enterprises can host databases on the cloud without access to hardware. The ability to scale business at a rapid pace using cloud is likely to lead to its adoption by businesses of all sizes. The global cloud database market report compiled by Market Research Future (MRFR) evaluates various growth opportunities and trends amid the COVID-19 pandemic and changes in business models for the period of 2020 to 2027 (forecast period).

Market Scope

The global cloud database market is expected to reach USD 21.66 billion growing at 46.78% CAGR over the forecast period. The advent of internet of things (IoT) and rise of cloud computing are major drivers of the market. Implementation of cloud databases for improving service, lowering cost, and expediting services can benefit the market. Rise in digitization of data and the move towards cloud by organizations of all sizes can be a golden opportunity for cloud database providers.

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Rise of application development and mass computing can drive the adoption of cloud databases by organizations making it easier for app developers in storing, migrating, and sharing data. The virtual nature of cloud databases allow it to recover from crashes and failures in programs quicker and the disposability nature can drive the market demand in the global cloud database market. It can cover machines and entire data centers.

But concerns of data security can impede market growth.

Competitive Outlook

SAP AG, CenturyLink, CSC (Computer Science Corporation), Salesforce.com Inc., Google Inc., Oracle, Amazon.com, Rackspace Inc., IBM, and Microsoft are key players in the global cloud database market.

Segmentation

By database, the cloud database market is divided into SQL database and NoSQL database.

By model, this market is segmented into service model and deployment model. By service model, the market is further segmented into private cloud, virtual private cloud, public cloud, and hybrid cloud. Deployment model segmentations include infrastructure as a service (IaaS), database as a service (DBaaS), and platform as a service (PaaS). By deployment model, the DBaaS segment can provide security to data with tight surveillance and software upgrades designed to maintain the integrity of data stored in the database.

By component, the market is segmented into software and service. By software the market is segmented into database application builder, database encryption, data scaling and replication, backup and recovery, and others. By service, the market is segmented into training and consulting service, system and network integration service, and deployment and maintenance service.

By organization size, the market is segmented into large enterprise and small and medium-sized enterprise.

By end-user, the market is segmented into academic, BFSI, healthcare, IT and telecom, government, and others.

Regional Analysis

The regional analysis of cloud database market is considered for North America, Europe, Asia-Pacific, and the rest of the world.

Implementation of IoT and increasing adoption of cloud-based services in North American countries such as the US and Canada is expected to dominate the cloud database market during the assessment period. Several investments and research and developments are taking place in the US owing to the increasing need for cloud database by the IT companies. This in turn ensures an enhanced cloud infrastructure coupled with the provision of network security for the cloud database users.

Increase in the adoption of security based applications in Asia-Pacific is expected to enhance the cloud database market. Hence, Asia-Pacific is expected to be the fastest growing region in the market during the forecast period. Europe is expected to witness a significant growth in the market owing to the growing need for managed database solutions from the prominent IT companies investing in the European markets.

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Table of Contents

1 Executive Summary

2 Scope of The Report

2.1 Market Definition

2.2 Scope of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Market Structure

Continued…

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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Cloud Billing Market COVID – 19 Analysis, Segmented analysis, Regional Analysis, Key Players Forecast Till 2027

 Market Overview

The global cloud billing market size is projected to register an exponential CAGR during the forecast period from 2020 to 2027.

Segmented Analysis

According to Market Research Future, the global cloud billing market has been segmented based on component, type, deployment, and region/country.

The process of generating bills using resource data with predefined billing policies is referred to as cloud billing. The purpose of having a cloud billing component is to provide an interface for generating usage bills. The end users of the cloud billing service module enable service-oriented architecture that comprises both functional and non-functional requirements. The functional requirements include a quote service, conversion functions & policies, payment schemes, and user identification, whereas the non-functional requirements include security, scalability, standards, and fault tolerance. The cloud billing in an organization benefits by lowering overall investment, higher scalability & service availability, and secured services. 

Based on type, the global cloud billing market has been divided into subscription billing, cloud service billing, metered billing, one-time, and provisioning.

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Based on deployment, the global cloud billing market has been divided into public cloud, private cloud, and hybrid cloud.

By end user, the global cloud billing market has been divided into BFSI, IT & telecom, energy & utility, healthcare, media & entertainment, retail, transportation & logistics, and others.

The cloud billing market has been analyzed for five regions—North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.

Regional Analysis

The geographic analysis of the market has been conducted for North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.

For the purpose of analysis, the North American market has been divided into the US, Canada, and Mexico. In terms of market size, it is expected to be the largest region globally to adopt cloud billing solutions and services. The US is projected to be the leading country-level market owing to adoption from media & entertainment, BFSI, IT & telecom, and sector.

While the cloud billing market in Europe is segmented into Germany, the UK, France, and the rest of Europe. Government initiatives to boost digital transformation, regulatory compliance, and rapid economic growth across countries such as the UK and Germany are the key factors driving the growth of the cloud billing market in the region.

Asia-Pacific is projected to report the highest growth rate, mainly due to the growth of emerging economies such as China and India at a fast pace. The regional market has been segmented into China, India, Japan, and the rest of the Asia-Pacific. China is the leading country-level market, while India is projected to be the fastest-growing country during the forecast period. The Chinese market is expected to report the highest market share, owing to factors such as a large number of enterprises across industry verticals adopting cloud billing solutions and services. Furthermore, the demand for usage-based subscription billing from end consumers is adding momentum to the market growth. Additionally, India is witnessing an increase in the number of technology providers willing to automate the billing services with the help of a cloud billing platform.

The market in the Middle East & Africa and South America is expected to register steady growth during the study period with the growing demand for cloud billing.

Key Players

The key players in the global cloud billing market are Zuora Inc. (US), IBM Corporation (US), Cerillion (UK), AMDOCS (US), Oracle (US), Amazon Web Services, Inc. (US), NEC Corporation (Japan), SAP SE (Germany), Aria Systems, Inc. (US), Cloudability (US), Jamcracker, Inc. (US), FinancialForce (US), ReckNap (US), CLOUD ASSERT LLC (US), and Tridens d.o.o. (Slovenia).

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Table of Contents

1 Executive Summary

2 Scope of The Report

2.1 Market Definition

2.2 Scope of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Market Structure

Continued…

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About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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Block chain-as-a-Service Market COVID – 19 Analysis, Business Revenue, Future Scope, Market Trends, Key Players, and Forecast till 2027

 Market Highlights

Blockchain is a revolutionary technology that has created a major impact on the financial sector and digital identification in North America and Europe. With increasing globalization, transactions have become more cumbersome. For any monetary transaction, the involved parties in the transactions need to have mutual trust— a buyer and a seller. For the same, a traditional sales process includes a load of paperwork, an intermediary, and high cost. However, in Asia-Pacific countries, the companies are eagerly shifting their preference towards simplifying their business processes while eliminating middlemen. Blockchain-as-a-service holds the potential to transform the government sector in resolving the challenges associated with data transactions faced in government operations. Furthermore, the key retail firms in countries such as the US, the UK, Germany, France, and India are collaborating with blockchain service providers to develop a platform that uses blockchain technology to track the origins of raw materials across global supply chains. Moreover, the government of the Netherlands has launched more than 25 blockchain trials. Dutch banks, energy companies, pension funds, and the Port of Rotterdam are all testing the digital ledger technology providing the Netherlands with high opportunity in different sectors and industries.

Key Players

MRFR recognizes the key players in the global Blockchain-as-a-Service market as – Cognizant, Infosys Limited, Capgemini SE, NTT Data Corporation, Huawei Technologies Co. Ltd., HPE, Baidu, Inc., Tata Consultancy Services Limited, KPMG, Wipro Limited, IBM Corporation, Microsoft Corporation, SAP SE, Amazon Web Services, Oracle Corporation, Accenture PLC, and Deloitte Touche Tohmatsu Limited.

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The prominent players keep innovating and investing in research and development to present a cost-effective product portfolio. There has been recent mergers and acquisitions among the key players, a strategy the business entities leverage to strengthen their reach to the customers.

Key Segments

By platform, the current market is dominated by the Ethereum platform segment. Hyperledger platform is expected to grow at a higher rate in the forecast period.

By components, the services segment accounts for a larger market share and is expected to grow at a higher CAGR in the coming years.

By cloud, the public cloud segment accounts for the largest market share; it is expected to grow at the highest rate during the forecast period.

By organization-size, the market is dominated by large enterprises, however, the SMEs segment is expected to grow at a higher rate.

By application, the payment management application accounts for the largest market share and identity management application is expected to grow at the highest rate.

By vertical, the BFSI vertical accounts for the largest market share and the retail and e-commerce segment is expected to adopt BaaS solutions and are expected to register the highest CAGR during the forecast period.

Regional Analysis

The global market for Blockchain-as-Service is estimated to grow at a significant rate during the forecast period from 2018 to 2024. The geographical analysis of Blockchain-as-Service market has been studied for North America (the US, Canada, Mexico), Europe (the UK, Germany, France, Spain, Italy, the rest of Europe),  Asia-Pacific (China, Japan, India, Singapore, Australia, the rest of Asia-Pacific) and the rest of the world (the Middle East and Africa and South America).

Among these, the North America region dominates the market due to the presence of key market players such as IBM Corporation, Microsoft Corporation, Amazon Web Services, Oracle Corporation, HPE and others offering cloud-based blockchain-as-a-service solutions which are accelerating the market growth in this region. Countries such as the US, Canada, and Mexico are expected to witness growth in the adoption of BaaS to streamline critical business processes such as payments, supply chain, transportation, logistics, and auditing. North America region is expected to experience a surge in various trends such as 5G, transactive energy, and micro-grids during the next five years. In 2018, RealChain and North America Blockchain Association (NABA), a non-profit organization, collaborated to promote the technology to identify fake high-end luxury products using blockchain and AI-based image recognition.

Europe accounted for the second-largest market share owing to government support in prioritizing the adoption of blockchain for the future of financial transactions and data storage across the European countries. Increasing adoption of BaaS in BFSI and retail & e-commerce sector in countries such as the UK, Germany, France, Sweden, the Netherlands, and Switzerland drives the market growth in this region. Rise in the spending in research projects by the European Union in the field of blockchain technology is also another factor which is expected to drive the market in the coming years. In April 2018, 22 countries of the European Union declared a European Blockchain Partnership (EBP) to establish European Blockchain Services Infrastructure (EBSI) to support the delivery in cross-border digital public services including a high standard of security and privacy. Blockchain companies from the European Economic Area (EEA) will be able to conduct business through the fully-licensed, German Solaris Bank. Huge adoption of digital transactions creates an opportunity for having a nationalized blockchain-enabled registered system promoting market growth.

Asia-Pacific region accounted for the third-largest market share; it is expected to grow at a higher rate during the forecast period due to large scale adoption of BaaS solutions in the financial service sector that has also witnessed the highest rate of blockchain technology testing. Furthermore, significant investments by venture capitalists for research and development of this technology and increasing number of blockchain start-ups in the region also contribute to the blockchain-as-a-service market. Key market players have already established their customer base in countries such as China, Japan, India, South Korea, Australia, New Zealand, Singapore, Malaysia, and the Phillippines generating revenue for the BaaS market in this region. For instance, in 2017, State Bank of India (SBI) a government-owned bank partnered with BankChain and Intel to implement blockchain solutions that run on Hyperledger Sawtooth and Intel Software Guard Extensions (Intel SGX). The solution aims at increasing the efficiency of financial transactions without having to compromise on data confidentiality and transaction security.

South America and the Middle East & Africa region presents immense growth opportunities for key market players due to the growing need among organizations to improve their efficiency, agility, security, and integrity is expected to increase investments in blockchain technology. Various enterprises in countries such as the UAE, Bahrain, Saudi Arabia, Oman, South Africa, Nigeria, Brazil, Colombia, and Chile are rapidly adopting BaaS solutions with strong support from the government promoting the market growth. In April 2018, the UAE Government launched the Emirates Blockchain Strategy 2021, that aims at capitalizing on the blockchain technology to transform 50% of government transactions into the blockchain platform by 2021, promising the market growth in this region.

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Table of Contents

1 Executive Summary

2 Scope of The Report

2.1 Market Definition

2.2 Scope of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Market Structure

Continued…

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About Market Research Future

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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Digital Transformation in Healthcare Market COVID-19 Impact, Outlook and Future Scope Analysis Forecast till 2027

 Market Highlights

The Global Digital Transformation in Healthcare Market is expected to register a CAGR of 14.5% during the forecast period of 2020–2027. There are various factors contributing to the growth of digital transformation in healthcare, such as, the increasing requirement for a secured path among health organizations, hospitals, clinics doctors, companies and others for information sharing, which has become convenient with the advent of digital transformation. Moreover, the increasing generation of data by pharmaceutical companies, hospitals, medical research organization has also led to market growth. There are various benefits of digital transformation in healthcare; for instance, it protects private, public and other critical information with the help of integration of cybersecurity solutions. Additionally, AI is currently being used in the detection of diseases such as breast cancer with more accuracy and precision at its early stage as compared to traditional mammograms. According to the American Cancer Society, AI is capable of providing 30 times faster results with 99% accuracy which reduces the need for unnecessary biopsies.

Regional Analysis

The global digital transformation in the healthcare market is estimated to grow at a significant rate in the future. The geographical analysis of digital transformation in the healthcare market has been conducted for North America, Europe, Asia-Pacific, and the rest of the world.

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North America dominates the global digital transformation in the healthcare market, by region, due to the early adoption of the digital transformation across healthcare industry. and increasing requirement of these solutions for securing the authenticated information. Additionally, the increasing online tractions among the healthcare enterprises and users is also increasing in the region also drives the growth of the market. The market in North America has been further segmented based on countries into the US, Canada, and Mexico. The US holds the largest market share in North America, followed by Canada and Mexico. The US dominates in the region due to the presence of various key vendors such as IBM Corporation, Microsoft Corporation, Dell EMC and others.

The Europe is has the second largest market share in digital transformation due to presence of various countries such as UK, Germany, France, Italy, Norway, and others which are adoting new technologies such AI, IoT technology, analytics in healthcare and other technology and solution for  to improve their healthcare facilities, which leads to fuel the market growth.

Moreover, Asia-Pacific is considered to be the fastest-growing region due to the rapid adoption of digitalization in the region by developing economies such as India, China, South Korea, and others. The increasing adoption of digital technologies such as AI, AR, VR, blockchain, and others in the region is also considered to drive the market. Moreover, various healthcare companies are using cloud computing to secure and share their data securely. Moreover, the government is also investing in digital transformation of various countries, which eventually is expected to fuel the growth of the market.

Key Players

MRFR recognizes the key players in the global digital transformation in healthcare market as as IBM Corporation (US), Microsoft Corporation (US), SAP SE (Germany), Dell EMC (US), Google LLC (US), Accenture PLC (Ireland), CA Technologies (US), Cognizant (US), Adobe Systems (US), Oracle Corporation (US), Hewlett Packard Enterprise (US), HCL Technologies (India), TIBCO Software (US), Marlabs (US), Equinix (US) among other.

The prominent players keep innovating and investing in research and development to present a cost-effective product portfolio. There has been recent mergers and acquisitions among the key players, a strategy the business entities emphasize strengthening their reach to the customers.

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Key Segments

The global digital transformation market has been segmented based on component, organization size, technology, bussiness fuction,end-user and region.

By component, the market has been segmented into hardware, software, and services.

By organization size, the market has been segmented into large enterprises and SMEs.

By technology, the market has been segmented into artificial intelligence (AI), cloud computing, big data & analytics, and internet of things (IoT).

By Business Function, the market has been segmented into customer transformation, workforce transformation, operational transformation, and product transformation

By end-user, the market has been segmented into hospitals, pharmaceutical companies, and clinics and laboratories.

By region, the market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.

Table of Contents

1 Executive Summary

2 Scope of The Report

2.1 Market Definition

2.2 Scope of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Market Structure

Continued…

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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Global 5G Base Station Market COVID-19 impact, Outlook, Strategies, Industry Analysis, Future Scope, Key Drivers Forecast To 2027

 Market Overview

5G, the 5th generation of mobile networks, is a significant evolution of today’s 4G LTE networks. 5G networks are being designed to meet the very large growth in data and connectivity across the globe in today’s modern society, with rising applications on the Internet of Things (IoT) and future technological innovations. 5G technology is expected to provide high-speed Internet services, low latency, and connectivity to enable a new generation of applications, services, and business opportunities that have not been seen before.

The increasing demand for high-speed data connectivity with low latency and with the Internet of things (IoT) on the rise with the increasing number of connected devices have been the major factor that drives the growth in the global 5G base station market. However, various governments across the globe have implemented strict regulations related to network radiations caused by the 5G infrastructure, which is hampering the growth of the market. Future technological advancements due to 5G networks are expected to provide huge opportunities for the growth of 5G base stations.

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Segmentation Analysis

The global 5G base station market has been segmented based on frequency, MIMO, type, end-user, and region.

By frequency, the global 5G base station market has been divided into 410 MHz to 7,125 MHz and24.25 GHz to 52.6 GHz. The first band is usually denoted by below 6GHz band utilized by LTE/LTE advanced and WLAN technologies. Whereas the second group operates from 30 GHz to over 100 GHz and defines frequency bands between 24,250 to 52,600 MHz (millimeter band) that offers high-speed, large bandwidth, and data transmission.

By MIMO, the global 5G base station market has been divided into single-user MIMO and multi-user MIMO.Single-user MIMO (SU-MIMO) is a with multiple transmitters and receivers utilized in wireless communication technology which enables allocation of wireless access point to a single device. Multi-user MIMO (MU-MIMO) technology helps multiple users have access to base station.

Depending on its type, the 5G base station market is split into time division duplex (TDD) and frequency division duplex (FDD).FDD sends and receives signals simultaneously as the transmitter and receiver are set at different frequencies whereas TDD uses a single frequency for transmission and reception at a time.

On the basis of end-user, the 5G base station market is categorized into residential, commercial, urban, and rural.5G base station industry is into its early stages of deployment. However, the end-use industries such as manufacturing, healthcare, aerospace & defense, automotive & transportation, among others. For instance, smart factory enables flow of data between machines and people that reduces downtime and increases the potential of predictive maintenance reaping monetary and productivity benefits.

The global 5G Base Station market has been analyzed for five regions—North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.

Regional Analysis

By region, the Global 5G base station market has been segmented into North America, Europe, Asia-Pacific, the Middle East &Africa,and South America. North America is expected to be the dominating region in terms of the adoption of 5G base station owing to the heavy investments.North American market has been segmented into the US, Canada, and Mexico.The US is expected to lead the country-level market, while Canada is projected to be the fastest-growing segment during the forecast period. The USmarket is expected to report the highest market share, owing to the leading market position in terms of 5G transport networks deployed for efficient and faster transportation.

Key Players

The key players in theGlobal 5G Base Station Market areSAMSUNG (South Korea), Huawei Technologies Co., Ltd. (China), Telefonaktiebolaget LM Ericsson (Sweden), Intel Corporation (US), Nokia (Finland), Qualcomm Technologies Inc. (US), ZTE Corporation (China), NEC Corporation (Japan), Ceragon (US), Airspan Networks (US), CommScope, Inc. (US), Marvell (China), Qorvo, Inc (US), Cisco Systems, Inc. (US), and Microsemi (US).

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Table of Contents

1 Executive Summary

2 Scope of The Report

2.1 Market Definition

2.2 Scope of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Market Structure

Continued…

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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Smart Contracts Market COVID-19 outbreak, Trends, Key Vendors Analysis, Import & Export, Revenue by Forecast 2027

 Global Smart Contracts Market, By Blockchain Platform (Bitcoin, Sidechains, NXT, Ethereum), By Technology (Ethereum, Rootstock (RSK), Namecoin, Ripple) By End – User (Banking, Government, Management, Supply Chain, Automobile, Real Estate, Insurance, and Healthcare).

Market Analysis 

The global smart contracts market trends is predicted to touch USD 300 million at a whopping 32% CAGR between 2020- 2027 states the recent Market Research Future (MRFR) analysis. Smart contracts, simply put, are programmable contracts that allow the verifiable, immutable, and secure records of every contract and transaction. Multisig authentication ability, oracle inputs, and programmability are some of its key features. It has wide applications in healthcare, automobile, insurance, management, government, real estate, supply chain, and banking.

Various factors are propelling the global smart contracts market share. As per the current MRFR report, such factors include increasing use of smart contracts in different industries like real estate, insurance, government, banking, and supply chain, the rising popularity of blockchain technology, fall in operational cost due to use of blockchain technology, presence of excellent digital characteristics, user-friendly, offers transparent agreements between records and parties, freedom of autonomy, and sufficient backup & safety. 

On the contrary, scarcity of expertise, lack of awareness, and the recent COVID-19 impact are factors that may limit the global smart contracts market growth over the forecast period. 

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Market Segmentation 

The MRFR report provides an inclusive segmental analysis of the global smart contracts market based on the blockchain platform, end users, and technology. 

By blockchain platform, the global smart contracts market is segmented into ethereum, bitcoin, NXT, and sidechains. Of these, the ethereum segment will lead the market over the forecast period for its high preference owing to its being a highly advanced coding as well as processing tool. 

By technology, the global smart contracts market is segmented into namecoin, ripple, ethereum, rootstock (RSK), and others. 

By end user, the global smart contracts market is segmented into healthcare, automobile, insurance, management, government, real estate, supply chain, and banking. 

Regional Analysis 

Based on the region, the global smart contracts market report covers the growth opportunities and recent trends across the Asia Pacific (APAC), North America, Europe, & the Rest of the World (RoW). Of these, Europe will lead the market over the forecast period. Rapid digitalization in European industries and several European companies integrating digital solutions for increasing their competitiveness are adding to the global smart contracts market growth in the region. In this region, market players are focusing actively on implementing strategies and on product innovation, which enables them to consolidate their market position. Most companies are investing in mergers & acquisitions too. Besides, collaborations and partnerships have also increased, which is adding to the market growth. 

This is followed by North America, which is predicted to have substantial growth over the forecast period. Increasing adoption of digitalization in Japan, the UK, the US, and China, coupled with the presence of top blockchain technology providers, is adding to the global smart contracts market growth in the region. Besides, the new entrants and the various diversified and dynamic national & global organizations form a crucial part of the competitive landscape in the market. The US has the largest share in the market for the presence of a huge IT sector. 

The global smart contracts market in the APAC region is predicted to grow at a fast pace during the forecast period, and that in the RoW is predicted to have sound growth over the forecast period. 

Key Players 

Eminent players profiled in the global smart contracts market report include GoCoin Pte. Ltd (Singapore), BitPay, Inc (U.S.), Coinify ApS (Denmark), Chain, Inc. (U.S.), BlockCypher, Inc (U.S.), Bitfinex (Hong Kong), Coinbase, Inc (U.S.), Blockstream Corporation (U.S.), Monetas (Switzerland), and Monax Industries Limited (U.K.), among others. Industry players have encompassed strategies such as acquisitions, mergers, joint ventures, collaborations, partnerships, strategic alliances, contracts, extensive R&D, new product launches and new product development, and geographic expansions to stay at the forefront and also cater to consumers growing needs. 

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Table of Contents

1 Executive Summary

2 Scope of The Report

2.1 Market Definition

2.2 Scope of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

Continued…

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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Smart Commute Market COVID-19 outbreak, Challenges, Size, Growth, Key Vendors, Drivers, Trends and Forecast to 2027

 Market Analysis 

The global smart commute market is predicted to touch USD 104.22 billion and at a whopping 25.52% CAGR between 2020- 2027, states the recent Market Research Future (MRFR) analysis. Smart commute, simply put, is traveling from a particular place to another regularly through metro, bicycle pooling, bike pooling, vanpooling, and others. Traffic management, parking management, smart ticketing, mobile app, and others are different solutions. These services provide eco-friendly traveling experience to people and make an active alternative to transportation for enterprise employees that can pick from effective commute option, which along with reducing the congestion, also helps in lowering the transportation cost. 

Various factors are propelling the global smart commute app market share. According to the recent MRFR report, such factors include high demographic rates, growing urban population, the use of smart and connected technologies in transportation infrastructure, growing demand for transportation as a service, decline in ownership of vehicles with shared mobility. Additional factors adding market growth include several upcoming railway projects, growing urbanization and industrialization, demand for public transport and smart transportation solutions as well as related components, services, and software, advances in technology like the implementation of electronic payment systems, traveler information systems, and automatic vehicle location systems, and benefits such as an increase in traveler convenience, reduce traffic congestion, lower emission levels, and improve fuel economy. 

On the contrary, high component cost, concerns about security and management & data storage, the slow growth rate of GDP, susceptibility to cyberattacks, and the on-going COVID-19 impact are factors that may impede the global smart commute application market growth over the forecast period. 

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Market Segmentation

The MRFR report highlights an inclusive segmental analysis of the global smart commute market based on solution and type. 

Based on type, the global smart commute market is segmented into metro, bicycle pooling, bike pooling, vanpooling, carpooling, and others. 

Based on the solution, the global smart commute market is segmented into traffic management, parking management, smart ticketing, mobile app, and others. 

Regional Analysis

Based on the region, the global smart commute market report covers the recent trends and growth opportunities across the Asia Pacific (APAC), North America, Europe, & the Rest of the World (RoW). Of these, the APAC region is predicted to have the lions share over the forecast period. Strict government norms and regulations related to greenhouse gas emissions, adoption of car sharing services, and the upcoming availability of zero-emission car sharing services are adding to the global smart commute market growth in the region. 

The global smart commute market in Europe is predicted to have healthy growth over the forecast period. Improved socio-economic conditions in France, the UK, and Germany are adding to the global smart commute market growth in the region. 

The global smart commute market in North America is predicted to have sound growth over the forecast period. Favorable incentives introduced by the government for promoting carpooling services are adding to the global smart commute market growth in the region. 

The global smart commute market in the RoW is predicted to have steady growth over the forecast period. 

Key Players

Leading contenders profiled in the global smart commute market report include Carma Technology Corporation (Europe), Turo (US), BlaBlaCar (France), CommuteSMART (US), Oakland Smart Commute (California), Central Indiana Regional Transportation Authority (CIRTA) (US), ZipGo Technologies Pvt. Ltd (India), Metrolinx (Canada), ANI Technologies Pvt. Ltd.(India), Uber Technologies Inc. (India), Quick Ride (India), ePoolers Technologies Pvt. Ltd. (India), and South Florida Commuter Services (US). Industry players have incorporated several strategies such as mergers, new product launches, strategic alliances, geographic expansions, extensive R&D activities, new product development, and others to stay at the forefront. 

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Table of Contents

1 Executive Summary

2 Scope of The Report

2.1 Market Definition

2.2 Scope of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Market Structure

Continued…

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