Bus Dispatch Software Market Size, Share, Growth and Industry Analysis by Type (Cloud based, and, on premise) By Application (Small business (10-49), medium-sized business (50-249), and, large business (250+)), Regional Forecast To 2031

Updated On: 29 April 2024

Bus Dispatch Software Market REPORT OVERVIEW

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global bus dispatch software market size was USD 449.4 Million in 2021 and market is projected to touch 1263.67 Million by 2031, exhibiting a CAGR of 10.8% during the forecast period.

Bus dispatch software is a very crucial tool that helps in streamlining and automating the procedure of managing bus fleets. This software has the ability to efficiently handle tasks which involve route planning, scheduling, and more importantly real-time tracking of buses. It provides dispatchers with accurate data, which in turn allows them to make informed decisions in real-time. This software has a lot of demand in today’s scenario.

Bus dispatch software’s help in scheduling, route planning, real-time tracking. Usage of real-time data and analytics will increase the scope of the market. All of these factors are driving the bus dispatch software market share.

COVID-19 Impact: Reduction in Bus Operations During Pandemic Decreased Market Growth

The pandemic of COVID-19 caused many problems for industries. As governments of all the countries implemented stringent lockdown measures and imposed travel bans, the demand for public transportation drastically declined. As a result, there was reduction in bus operations which led to fewer dispatching requirements. Bus companies faced heavy financial losses and prioritized cost-cutting measures. This included delaying or canceling of investments in new software solutions.

In addition to this, social distancing guidelines and hygiene protocols brought about many new challenges for the transportation industry. Bus dispatch softwares had a tough time adapting to accommodate these measures, incorporating features like capacity monitoring, contactless ticketing, and route optimization to minimize passenger contact and ensure safer travel. All of these factors created many difficulties for the market during the COVID-19 period.

LATEST TRENDS

"Integration of Real-time Data and Analytics to Increase Market Growth"

An important trend that is shaping the market is the integration of real-time data and analytics. Powerful analytics help the dispatchers to make data-driven decisions, improve the efficiency of operating and also optimize the routes which they take up.

Two of the most used powerful tools that is artificial intelligence and machine learning are also getting integrated into this. The benefit of using AI-powered algorithms is that they can analyze historical data, as well as predict demand patterns. This results in more efficient bus dispatching. Integration of IoT and cloud-based computing will further create many opportunities for the market. This is considered as the latest trend in the market.

Bus Dispatch Software Market SEGMENTATION

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• By Type:

The market can be divided on the basis of type into the following segments:

Cloud based, and, on premise. The cloud-based segment is anticipated to dominate the market during the forecast period.

• By Application:

Classification based on application into the following segment:

Small business (10-49), medium-sized business (50-249), and, large business (250+). The small business (10-49) segment is predicted to dominate the market during the research period.

DRIVING FACTORS

"High Demand for Efficient Transportation System to Accelerate Market Growth"

Several factors have helped in the growth and development of the market. One such factor is the growing necessity for efficient transportation system. Especially after urbanization and industrialization, the number of people who are dependent on vehicles have increased. This has created a need for managing the vehicles properly. Bus dispatch softwares provide the users with tools that will help them in optimizing the bus services.

One of the major advantages provided by this software is that they provide the option for automation. They help in scheduling, route planning, real-time tracking and in many more operations. They reduce the manual errors and increase the accuracy of the operations. This will increase the passenger satisfaction which in turn will have a positive impact on market growth and development.

"Increasing Focus on Greener Modes of Transportation to Propel Market Growth "

An important factor that is having an influence on the market growth is the focus on greener modes of transportation. Key industry players are finding out ways in which they can reduce the carbon emission given out by vehicles to decrease the adverse impact it can have on the environment.

By adopting bus dispatch softwares, a lot of fuel can be saved and pollution can be reduced as they help in optimizing routes. This minimizes the fuel consumption and hence enhances the overall operational efficiency. Introduction of new technologies such as rise of smart cities, and incorporation of intelligent transportation systems will increase the customer base for the market. All of the above-mentioned factors will propel the bus dispatch software market growth.

RESTRAINING FACTOR

"Resistance to Change in Transportation Industry to Bring Down Market Growth"

One of the major restraining factors of the market is the high resistance towards change in the transportation industry. A lot of bus operating companies are highly reluctant on adopting themselves to new changes in the market. They prefer to use traditional methods to in spite of their limitations.

Another restraining factor in the market is the limited allocation of funds for technology. Operating bus dispatch softwares can be a very challenging task as well. Concerns regarding privacy and data security can create barriers for market development.

Bus Dispatch Software Market Regional Insights

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"North America to Dominate Market in Upcoming Years"

North America is dominating the market place. The major reason for this is, the rapid industrialization and urbanization. The region also has a very strong infrastructure of transportation.

Many regions in North America are increasingly adopting digital solutions. Many stringent rules and regulations have been imposed by the government authorities regarding the emission of pollutants. Adoption of these software’s will help in reducing the pollutants. All of these factors have increased the market share in North America.

Key Industry Players

"Leading Players adopt Acquisition Strategies to Stay Competitive "

Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market.

List of Market Players Profiled

• Trapeze Group [Canada]
• Samsara [United States]
• GIRO [Canada]
• Seon [Canada]
• RouteMatch [United States]
• Optibus [Israel]
• Goal Systems [Spain]
• Door2door [Germany]
• Trackit [United States]
• GPS Trackit [United States]
• Karhoo (Yuso Tech) [United Kingdom]
• Hudson [United States]
• Orbit [United States]
• Reveal Management Services [United States]
• Movex [United States]
• BusHive [United States]
• Driver Schedule [United States]
• EnGraph (ParaPlan) [United States]
• TaxiMobility [United States]
• Lenz [Germany]
• ENJOYOR [China]
• Teswelltech [China]
• Tiamaes [China]
• Xiamen GNSS [China]
• eHualu [China]

Report Coverage

The report provides an insight into the industry from both the demand and supply sides. Further, it also gives information on the impact of COVID-19 on the market, the driving and the restraining factors along with the regional insights. Market dynamic forces during the forecast period have also been discussed for the better understanding of the market situations. A list of the key industry players has also been mentioned in the report in order to give an idea of the competition present in the market.