Ride Sharing Software Market Report 2024 (Global Edition)

Global Ride Sharing Software Market Report 2024 Market Size Split by Type (App-based, Web-based), by Service Type (Car Sharing, Car Rental), by Deployment Mode (On Premise, Cloud)

Ride Sharing Software Market Report Description

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Ride Sharing Software Market Insights Video

Competitive Landscape of the Ride-sharing Software Market

The major players in the ride-sharing software industry employ a wide range of tactics to maintain and grow their share of the global market. These include mergers and acquisitions, partnerships, collaboration, joint ventures, production process innovations, product line expansions, and improvements to existing products. They also seek out new customers in the endless ride-sharing software market worldwide.

June 2024: Via and the Sioux Area Metro are pleased to announce that SAM On Need will be available throughout the entire region of Sioux Falls, especially the terminal building. Thanks to this resolution, approximately eleven thousand additional Sioux Falls inhabitants will now have access to transit during the workday. (Source: https://ridewithvia.com/news/sam-on-demand-expands-to-include-weekday-service-bringing-low-cost-shared-rides-to-the-entire-city-including-the-airport) April 2024: BlaBlaCar revealed that it has obtained a hundred-million-euro financing establishment, which will support its expansion goals and solidify its standing as the world's leading platform for shared transportation. Additionally, the business declares that it has turned a profit throughout the past two years. This marks the start of a new, lucrative phase of expansion for BlaBlaCar, which continues to solidify its holistic strategy and cut travel's ecological impact by two million metric tons of greenhouse gases. (Source: https://blog.blablacar.com/newsroom/news-list/blablacar-closes-financing-round-to-fuel-its-growth-ambitions) May 2024: Ola Lively has unveiled Ola Futurefoundry, a worldwide hub for innovative technology and automotive design. The world-famous institution for automobile creative and technical ability will be located in Coventry, England, UK, where this organization is headquartered. (Source: https://www.olacabs.com/media/in/press/ola-announces-futurefoundry)

Top Companies Market Share in Ride Sharing Software Industry: (In no particular order of Rank)

• Didi Chuxing Technology Co
• Uber Technologies
• Inc
• BlaBlaCar
• Zimride Inc. (Enterprise Holdings)
• Via Transportation
• Inc
• Ola Cabs
• Gett
• Lyft
• Inc
• HyreCar Inc
• Wingz
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Ride-sharing Software Market

Which Region Dominates the Ride-sharing Software Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global revenue due to the development of technology in the area and the presence of a global leader in innovation. Additionally, this area's rapid embrace of new technology encourages the entry of fresh industry participants, which in turn fuels regional conflict. Furthermore, the US government supports ride-sharing as a way to lessen traffic jams and manage the nation's quickly increasing pollutant emissions.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the ride-sharing software market because sustainable mobility infrastructure solutions are becoming more and more necessary as urban populations grow in developed and developing nations simultaneously. The growth of cities and consumers' increasing focus on physical wellness are all factors that are driving the ride-sharing industry in this region.

The current report Scope analyzes Ride Sharing Software Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Ride Sharing Software Market

According to Cognitive Market Research, the global ride-sharing software market size was estimated at USD 7154.6 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 2861.84 million in 2024 and will grow at a compound annual growth rate (CAGR) of 16.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the ride-sharing software market with a market size of USD 2257.99 million in 2024 and is projected to grow at a CAGR of 16.0% during the forecast period. The nation's increasing investment in infrastructure.
• The Canada ride-sharing software market had a market share of USD 343.42 million in 2024 and is projected to grow at a CAGR of 17.0% during the forecast period. Canada's rise is due to the nation's rapid expansion in the healthcare industry.
• The Mexico ride-sharing software market is projected to witness growth at a CAGR of 16.7% during the forecast period, with a market size of USD 260.43 million in 2024.

Europe Ride Sharing Software Market

According to Cognitive Market Research, the global ride-sharing software market size was estimated at USD 7154.6 Million, out of which Europe held the market of more than 30% of the global revenue with a market size of USD 2146.38 million in 2024 and will grow at a compound annual growth rate (CAGR) of 16.5% from 2024 to 2031.

• The United Kingdom ride-sharing software market had a market share of USD 360.59 million in 2024 and is projected to grow at a CAGR of 17.3% during the forecast period. In the UK, ride-sharing software sales witness an upswing due to the nation's rising demand for innovative technology.
• The France ride-sharing software market is projected to witness growth at a CAGR of 15.7% during the forecast period, with a market size of USD 197.47 million in 2024.
• According to Cognitive Market Research, the German ride-sharing software market size was valued at USD 424.98 million in 2024 and is projected to grow at a CAGR of 16.7% during the forecast period. In Germany, Ride-sharing software surged due to the presence of major market players.
• The Italy ride-sharing software market is projected to witness growth at a CAGR of 15.9% during the forecast period, with a market size of USD 184.59 million in 2024.
• The Russia ride-sharing software market is projected to witness growth at a CAGR of 15.5% during the forecast period, with a market size of USD 332.69 million in 2024.
• The Spain ride-sharing software market is projected to witness growth at a CAGR of 15.6% during the forecast period with a market size of USD 176.00 million in 2024
• The Luxembourg ride-sharing software market is projected to witness growth at a CAGR of 16.6% during the forecast period, with a market size of USD 66.54 million in 2024.
• The Portugal ride-sharing software market is projected to witness growth at a CAGR of 16.3% during the forecast period, with a market size of USD 45.07 million in 2024.
• The Greece ride-sharing software market is projected to witness growth at a CAGR of 16.8% during the forecast period, with a market size of USD 25.76 million in 2024.
• Rest of Europe's ride-sharing software market is projected to witness growth at a CAGR of 15.2% during the forecast period, with a market size of USD 332.69 million in 2024.

Asia Pacific Ride Sharing Software Market

According to Cognitive Market Research, the global ride-sharing software market size was estimated at USD 7154.6 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 1645.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 20.0% from 2024 to 2031.

• According to Cognitive Market Research, the China ride-sharing software market size was valued at USD 740.50 million in 2024 and is projected to grow at a CAGR of 19.5% during the forecast period Ride-sharing software surged in China due to the adoption of various technologies.
• The Japan ride-sharing software market is projected to witness growth at a CAGR of 18.5% during the forecast period, with a market size of USD 227.09 million in 2024.
• The India ride-sharing software market had a market share of USD 197.47 million in 2024 and is projected to grow at a CAGR of 21.8% during the forecast period. India's supportive initiatives taken by the government.
• The South Korean ride-sharing software market is projected to witness growth at a CAGR of 19.1% during the forecast period, with a market size of USD 164.56 million in 2024.
• The Australian ride-sharing software market is projected to witness growth at a CAGR of 19.7% during the forecast period, with a market size of USD 85.57 million in 2024.
• The South East Asia ride-sharing software market is projected to witness growth at a CAGR of 21.0% during the forecast period, with a market size of USD 113.54 million in 2024.
• The Rest of Asia Pacific ride-sharing software market is projected to witness growth at a CAGR of 19.8% during the forecast period, with a market size of USD 116.83 million in 2024.

South America Ride Sharing Software Market

According to Cognitive Market Research, the global ride-sharing software market size was estimated at USD 7154.6 Million, out of which the Latin America market has more than 5% of the global revenue with a market size of USD 357.73 million in 2024 and will grow at a compound annual growth rate (CAGR) of 17.4% from 2024 to 2031. .

• According to Cognitive Market Research, the Brazil ride-sharing software market size was valued at USD 153.11 million in 2024 and is projected to grow at a CAGR of 18.0% during the forecast period. Ride-sharing software flourished in Brazil due to the innovation in customer habitats.
• Argentina's ride-sharing software market had a market share of USD 60.10 million in 2024 and is projected to grow at a CAGR of 18.3% during the forecast period. Argentina's technological advancements augment the demand.
• Colombia ride-sharing software market is projected to witness growth at a CAGR of 17.2% during the forecast period, with a market size of USD 31.84 million in 2024.
• Peru ride-sharing software market is projected to witness growth at a CAGR of 17.6% during the forecast period, with a market size of USD 29.33 million in 2024.
• Chile ride-sharing software market is projected to witness growth at a CAGR of 17.7% during the forecast period, with a market size of USD 25.76 million in 2024.
• The Rest of Latin America's ride-sharing software market is projected to witness growth at a CAGR of 16.5% during the forecast period, with a market size of USD 57.59 million in 2024.

Middle East and Africa Ride Sharing Software Market

According to Cognitive Market Research, the global ride-sharing software market size was estimated at USD 7154.6 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 143.09 million in 2024 and will grow at a compound annual growth rate (CAGR) of 17.7% from 2024 to 2031..

• The GCC Countries ride-sharing software market is projected to witness growth at a CAGR of 18.5% during the forecast period, with a market size of USD 61.24 million in 2024 ride-sharing software sales flourish due to the presence of major market players.
• The Egypt ride-sharing software market is projected to witness growth at a CAGR of 18.0% during the forecast period, with a market size of USD 15.02 million in 2024.
• The South Africa ride-sharing software market is projected to witness growth at a CAGR of 18.7% during the forecast period, with a market size of USD 22.61 million in 2024. Ride-sharing software sales flourish in South Africa due to technological advancements, and regulatory support.
• The Turkey ride-sharing software market is projected to witness growth at a CAGR of 17.2% during the forecast period, with a market size of USD 12.31 million in 2024.
• The Nigeria ride-sharing software market is projected to witness growth at a CAGR of 16.8% during the forecast period, with a market size of USD 15.02 million in 2024.
• The Rest of MEA ride-sharing software market is projected to witness growth at a CAGR of 16.27 during the forecast period, with a market size of USD 16.88 million in 2024.

Ride Sharing Software Market Analysis

Ride-sharing Software Market Type Segment Analysis

According to Cognitive Market Research, app-based stands out as the dominant category over the projected period because of developments in ride-sharing platforms that have been linked to improved reservation accessibility, comfort, and efficiency for passengers; app-based services are revolutionizing the transportation sectors. Due to popularity, the app provides the traveler with a distinctive ride-sharing environment.

Web-based emerges as the fastest-growing category in the ride-sharing software market. The majority of gadgets enable web apps to run smoothly without requiring advanced hardware. Individuals may keep prices down and innovation accessible because they don't have to continually modify their gadgets to satisfy the demands of updated software. After all, servers manage processing capacity. Businesses will likely be forced to establish web-based services tailored to their specific demands in order to offer efficient public transportation as a result of increased network accessibility.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Ride Sharing Software Industry. Request a Free Sample PDF!

Ride-sharing Software Market Platform Type Segment Analysis

According to Cognitive Market Research, the dominant category is e-hailing due to improved convenience for passengers, simpler reservation procedures, and growing motorists. Moreover, the e-hailing industry is driven by growing federal efforts to raise awareness of the sharp increase in airborne pollutants. In order to broaden their product offerings, a number of e-hailing companies are also joining the well-established ride-sharing industry.

The fastest-growing category in the ride-sharing software market is car rentals due to numerous advantages; car rentals are a popular option for numerous businesses because they provide users the flexibility to travel at vehicle speed. Car rentals offer an effortless renting experience, even if owning an automobile is usually equated with flexibility.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Ride Sharing Software Deployment Mode Segment Analysis

Ride-sharing Software Market Deployment Mode Segment Analysis

According to Cognitive Market Research, the dominant category is cloud. The implementation of cloud-based deployment enables instantaneous information transfer, hence augmenting company operations and capacities. To boost and enhance consumer acquisition and popularity, organizations are incorporating cloud-based technology. Cloud-based systems are expected to become more popular due to their quick and easy access qualities.

The fastest-growing category in the ride-sharing software market is on-premises. Robotics deployment on-premises offers enterprises a great lot of flexibility and management. They may easily integrate the program with their current infrastructure and customize it to meet their operating requirements. Businesses can improve the performance of their robotic systems by customizing them to the unique requirements of their industry with this degree of customization.

• On Premise
• Cloud

Author's Detail

Kalyani Raje

Senior Research Analyst at Cognitive Market Research

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An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile & Transportation vertical.

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