International

Sector will reach $188.93 billion by 2027 with a CAGR of 9.25%

DUBLIN, January 21, 2023 /PRNewswire/ — The report “Global Car Rental Software Market Size, Growth Trends and Opportunities and by Type, by Application, by Region and Forecast to 2027” has been added to researchandmarkets.com offering.

The global car rental software market is expected to grow from US$ 101,729.76 Million in 2021 to US$188,933.23 Million by 2027; it is estimated to grow at a CAGR of 9.25% between 2021 and 2027.

Market dynamics

Drivers: More and more people are using on-demand transportation services for commuting and commuting due to rising vehicle prices, shrinking parking spaces, and expensive car maintenance.

As a result, market growth over the projection period is likely to be driven by the growing preference for on-demand transportation. The public is swayed to favor on-demand transportation services by rising smartphone sales. For rental and transportation companies, smartphone apps offer hassle-free online booking and payment options.

restrictions: Due to high demand and limited supply, crude oil prices are growing rapidly around the world, driving up the overall cost of renting a car. As a result, market growth is anticipated to be hampered during the projection period by these rising oil or fossil fuel prices. The world demand for oil increased faster than the world supply of oil as a result of the expansion of the economy and the easing of constraints. A major impediment is the high cost of fuel and diesel in many developing nations.

Opportunities: Technology is a major factor that is expected to drive the market during the forecast period. The increased use of information technology is transforming the industry and enabling operators to better serve their customers. This includes the use of optimized management of corporate and customer information, as well as the creation of easy-to-use Internet reservation applications.

As an example, the online order or pickup model is at the forefront of beacon identification and near-field communications (NFC) applications. Newer players like Zipcar and BlaBlaCar are benefiting from innovative business models like car sharing and the adoption of technologies like telematics. Uber and Lyft use mobile technologies and devices to better meet the personal transportation needs of their customers. These initiatives are helping to disrupt the car rental industry.

Industrial development

  • In May 2021Rent Centric, Inc. selected Rack Space as the partner of choice to provide best-in-class application hosting services for Rent Centric subscription-on-demand deployments with security, scalability, and a 100% uptime goal guarantee. in mind.
  • In January 2021Cloud-based car rental software provider Navotar, which offers solutions to automate fleet management, has been acquired by Valsoft Corporation Inc. (Valsoft), a Montrealis a company based that specializes in the acquisition and development of vertical market software companies.
  • In September 2018, Valsoft Corporation Inc. (Valsoft) purchased Bluebird Auto Rental Systems in 2018, bringing a well-known and trusted provider of car rental software to its travel and leisure segment. Bluebird’s many years of operation have resulted in a fantastic reputation for a customer-focused culture, which aligns with Valsoft’s mission.

Market Taxonomy
By type

by application

  • car rental service
  • Others

By region

  • North America
  • Europe
  • Pacific Asia
  • Latin America
  • middle East & Africa

Key questions addressed by the report

  • What are the key opportunities in the Car Rental Software market?
  • What will the growth rate be from 2021 to 2027?
  • Which segment/region will have the highest growth?
  • What are the factors that will affect/drive the market?
  • What is the competitive landscape in the industry?
  • What is the role of the key actors in the value chain?

Key topics covered:

1. Introduction

2 Research Methodology

3 Executive summary

4 Global Car Rental Software Market Outlook

5 Global Vehicle Rental Software Market, by Type

6 Global Vehicle Rental Software Market, by Application

7 Global Vehicle Rental Software Market, by Region

8 North America Car Rental Software Market Analysis and Forecast (2022-2027)

9 Europe Car Rental Software Market Analysis and Forecast (2022-2027)

10 Asia Pacific Car Rental Software Market Analysis and Forecast (2022-2027)

11 Latin America Car Rental Software Market Analysis and Forecast (2022-2027)

12 Middle East Car Rental Software Market Analysis and Forecast (2022-2027)

13 Competitor Analysis

14 company profiles

Mentioned companies

  • Easy Rent Pro
  • Car rental at the headquarters
  • navote
  • Barsnet (Bluebird car rental systems)
  • Rental Focused
  • ecalypse
  • motorcycle use
  • CarPro Systems
  • FleetMaster

For more information on this report, please visit https://www.researchandmarkets.com/r/80nb5a

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SOURCE Research and Markets

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