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July 8, 2015

UK: More car sharing and disruptive business models on the way – F&S

Car sharing continues to rise rapidly across the world with new business models allied to personal connectivity leading to the exploitation of new opportunities, according to analysts from Frost & Sullivan.

Car sharing continues to rise rapidly across the world with new business models allied to personal connectivity leading to the exploitation of new opportunities, according to analysts from Frost & Sullivan.

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F&S Senior Partner Sarwant Singh told delegates at an ‘Intelligent Mobility’ conference in London that car sharing is now taking a number of forms. “New business models are coming to market rapidly,” he said. “There are traditional car sharing models such as daily rental, now supplemented by rental by the hour, as well as ride and share and a rising corporate element. And our growing mobile connectivity means that these new transport services are increasingly about being fully connected for integrated door-to-door mobility. The smartphone or tablet is a very powerful technology enabler at the centre of the forces that are changing transportation and the way we access it – and this is happening all over the world, though with different local market characteristics and business conditions.”

Singh also maintains that traditional players in the transport space need to re-evaluate their position in an increasingly dynamic transportation space. “Automotive OEMs, for example, may want to consider themselves as mobility service providers, not simply manufacturing companies,” he said.

F&S analyst Martyn Briggs also described a rapidly developing mobility landscape which is seeing the emergence of new players, partnerships and business models. “In both B2C and B2B environments customers are demanding intuitive services,” he said. “And many new actors are investing significantly in order to deliver the ‘killer’ seamless proposition and user experience.”

Briggs told delegates that the “true disruptive forces” in mobility are taking place via new platforms linking supply and demand, to create new marketplaces. “Customers now expect mobility services on demand,” he said. “Tech-enabled mobility services are growing rapidly in an ‘asset light’ scenario, with market match platforms able to reduce spare capacity and improve the user experience. Customers now expect on-demand solutions and are increasingly happy to use shared services.”

Sarwant Singh also pointed out that Uber is a good example of a new player able to achieve a rapid rise to prominence by effectively exploiting gaps in the market that can be met via mobile connectivity platforms. “But there are many other e-hailing taxi companies around the world. Within three years e-hailing taxis are forecast to control close to 20% of the global taxi market. And Uber will be looking at urban delivery next,” he said. “It sees another opportunity as a logistics company able to deliver parcels or offer a courier service at lower cost than established players who run large centralised fleets.”  

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Innovation remains a necessity in a disruptive ecosystem, as continuous innovation allows companies to adapt, evolve, and grow through disruption. Using our in-house alternative datasets, we are excited to launch GlobalData’s Innovation Scorecard. This scorecard will allow clients to rank 3,500+ companies on their innovation activity, impact, and disruptive potential across geography, sector, and theme. The scorecard provides a data-driven framework to rank leading companies on the potential of their intellectual property (IP) portfolio. GlobalData’s Innovation Scorecard focuses not only on the activity of innovation in the organization but also on its impact and disruptive potential using the 3I framework: Intensity, Impact, and Ingenuity. The tool helps clients to identify the most innovative companies that are disruptive leaders and challengers and can create alpha for their portfolio using the insights driven by 19+ high-value KPIs. Download our report to find out more about this innovative tool. Key findings derived from this tool include:
  • Alphabet, Tencent, and Qualcomm are the top three innovative companies in the last 10 years
  • The scorecard finds Technology & Communications and Pharma & Healthcare as the two main sectors driving innovation
  • Loreal placed as ‘Disruptive Leader’ in the Consumer sector, while Revlon has been identified as a traditional laggard
  • Companies such as Etsy and H&M are challenging retail ‘Disruptive Leaders’ Amazon and Walmart
by GlobalData
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