Shared mobility and public transport ecosystems are going to converge according to Berg Insight, one of the leading IoT market research providers. The company released new findings about the market for public transport and shared mobility services.The highlights of the findings are as follows:
- The market for Intelligent Transport Systems (ITS) for public transport is in a growth phase which will continue in the years to come.
- The public transport market is impacted by a number of trends, including several ITS-related developments that can alter the playing field for the solution providers on this market. Several parallel technology developments are currently transforming the public transport market, resulting in improved competitiveness as well as integration with alternative modes of transportation.
- Shared modes of transportation such as carsharing, bikesharing, scootersharing and the use of ridehailing services enhance mobility and often mitigate the so-called first and last mile commute problem, referring to the beginning and end of public transport journeys being the most challenging parts.
- Passengers using shared modes are less inclined to own a car and spend less on transportation. The underlying shift in consumer preferences driving this trend is largely attributed to economic factors as well as the emergence of the mobile Internet.
- Shared modes are expected to continue to grow in significance and the ecosystems of shared mobility and public transport are likely to converge as a consequence. Closer collaboration between public transport authorities and private transportation actors will result in services which are better tailored to individual needs and empower travellers.
- Journey planning tools represent an application area with much room for improvement. ITS technology is expected to deliver increasingly advanced journey planning and reservation tools.