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In 2020, the global car-sharing market is at 26 million members; the North American market leads the way with 15 million members.*

The convergence of technologies such as mobile communications, cloud computing, geospatial analysis and social media gives rise to shared transportation models. Services such as ridesharing, car sharing and bike sharing help urbanites get around without owning a car.

See: Digital-Age transportation

 

 

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* “Inorganic growth seems to be the way-out for the rental companies to enter carsharing business,” Frost and Sullivan Market Insight, http://www.frost.com/prod/servlet/market-insight-print.pag?docid=271820333.