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Increasing Number of Connected Vehicles Will Facilitate the Growth of Ride Hailing

E-hailing is expected to dominate the Ride hailing market. It solves the problem of the first and last mile connectivity for passengers. E-hailing is predominant in urban areas because of declining trend of car ownership and increasing consumer preference. E-hailing significantly reduces waiting time for taxi and provides precise time using GPS. Consumers towards app based e-hailing owing to its user friendliness, focus on better customer service and innovative pricing system.

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Increasing Number of Connected Vehicles Will Facilitate the Growth of Ride Hailing

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  1. Ride Hailing Market by Service Type (E-hailing, Car Sharing, Station-Based, Car Rental), Data Service (Navigation, Information, Payment, Others), Connectivity (3G, 4G, 5G, Wi-Fi and V2V, V2I, V2P, V2N), Vehicle Type & Region - Global Forecast to 2025 www.MarketsandMarkets.com

  2. E-hailing to be the largest segment of Ride hailing market, by service type E-hailing is expected to dominate the Ride hailing market. It solves the problem of the first and last mile connectivity for passengers. E-hailing is predominant in urban areas because of declining trend of car ownership and increasing consumer preference. E-hailing significantly reduces waiting time for taxi and provides precise time using GPS. Consumers towards app based e-hailing owing to its user friendliness, focus on better customer service and innovative pricing system. PDF Brochure : https://www.marketsandmarkets.com/pdfdownload.asp?id=198699113

  3. Electric vehicles to be the fastest growing segment in the Ride hailing market, by vehicle type The electric vehicle segment is projected to grow at the highest CAGR during the forecast period. Electric vehicles are expected to catch up with IC engine vehicles, which currently dominate the market.  The anticipated development of electric vehicles along with autonomous and self-driving cars are expected to change the Ride hailing market landscape as need of driver for mobility will be vanished. Asia-Pacific is expected to have the fastest growing market for electric vehicle due to government incentives and increasing supporting infrastructure. Request for Customization : https://www.marketsandmarkets.com/requestCustomization.asp?id=198699113

  4. Payment service market is growing at the fastest CAGR during the forecast period. Ride hailing service providers use payment gateway for online payment processing. International expansion of ride hailing service providers and payments in foreign currency will boost the growth of payment service. Navigation service is largest market in the ride hailing market during the forecast period as user base of ride hailing services is huge as it is used by both driver and passenger regarding location and route. Electric vehicle market is growing at the fastest CAGR during the forecast period. This growth is attributed to favorable government policies, better infrastructure, and growing awareness about CO2 emission. IC engine vehicles have the largest market in the ride hailing market as current mobility on landscape is dominated by IC engine vehicles. Request Sample @ https://www.marketsandmarkets.com/requestsample.asp?id=198699113

  5. Asia-Pacific to have the largest market size during the forecast period Asia-Pacific is estimated to dominate the Ride hailing market, and is projected to grow at a significant CAGR during the forecast period. The growth in Asia-Pacific market is attributed to wide customer base due to dense population and rising urbanization in emerging economies such as China and India. Factors such as increasing urbanization and rising traffic congestion will drive the demand for Ride hailing services. For countries like India and China, the consumer preference is changing and with the rising population, the need for Ride hailing is increasing in order to cater to the increase in the consumer basket. The Ride hailing market is dominated by a few global players, and comprises several regional players. Some of the key players operating in the Ride hailing ecosystem are Uber Technologies Inc. (U.S.), Delphi Automotive Plc (U.K.), Denso Corporation (Japan), Intel Corporation (U.S.), and TomTom NV (The Netherlands). Speak to analyst @ https://www.marketsandmarkets.com/speaktoanalyst.asp?id=198699113

  6. Market Ecosystem: • The ride hailing market is dominated by a few global players, and comprises several regional players. Some of the key players operating in the ride hailing ecosystem are Uber Technologies Inc. (U.S.), Delphi Automotive Plc (U.K.), Denso Corporation (Japan), Intel Corporation (U.S.), and TomTom NV (The Netherlands). • Target Audience • Ride hailing service providers • Transportation network companies  • Automotive OEMs • Back-end service providers • Government’s national and regional transportation regulatory agencies or organizations • Buy Now: • https://www.marketsandmarkets.com/Purchase/purchase_report1.asp?id=198699113

  7. Browse >> 65market data tables 63figures 156 pagesand in-depth TOC "Ride Hailing Market by Service Type (E-hailing, Car Sharing, Station-Based, Car Rental), Data Service (Navigation, Information, Payment, Others), Connectivity (3G, 4G, 5G, Wi-Fi and V2V, V2I, V2P, V2N), Vehicle Type & Region - Global Forecast to 2025“ Early buyers will receive 10% customization on this report. This study answers several questions for the stakeholders, primarily which market segments to focus on in the next two to five years to prioritize efforts and investments.

  8. Contact:Mr. Shelly SinghMarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com

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