Connect with us

Technology

Saudi Arabia Mobility Landscape Shifts Gears: Car-Sharing, Taxis, and Truck Leasing Drive Market Growth to $18.5 Billion by 2027: Ken Research

Published

on

GURUGRAM, India, Feb. 20, 2024 /PRNewswire/ — Buckle up, Saudi Arabia. The Kingdom’s mobility landscape is undergoing a dynamic transformation, fueled by rising urbanization, changing consumer preferences, and government initiatives. Ken Research’s latest report, KSA Car-Sharing, Taxi & Truck Leasing Market Outlook to 2027: Driven by Vision 2030 and Tech-Savvy Consumers, dives deep into this evolving market, offering valuable insights for investors, car rental companies, technology providers, and government agencies.

Market Overview: 

The Saudi Arabian car-sharing, taxi, and truck leasing market is projected to witness tremendous growth, reaching a staggering $18.5 billion by 2027, indicating a CAGR of 12.2% during the 2022-2027 period. This remarkable expansion is driven by several key factors: 

Vision 2030’s Focus on Mobility: The Kingdom’s ambitious Vision 2030 roadmap prioritizes improving transportation infrastructure and promoting alternative mobility solutions, creating a favorable environment for market growth. Urbanization Surge: Rapid urbanization is leading to higher population density and a growing demand for flexible and convenient transportation options. Tech-Savvy Population: A young and tech-savvy population readily embraces digital platforms and on-demand services, accelerating the adoption of car-sharing and ride-hailing services. Rising Car Ownership Costs: Increasing vehicle prices and fuel costs make car ownership less attractive, pushing individuals towards shared mobility solutions. 

Interested to Know More about this Report, Request a Free Sample Report

Segment Spotlight: 

Ken Research provides a comprehensive segmentation of the market based on: 

Service type: Car-sharing, ride-hailing taxis, limousine services, truck leasing (long-term, short-term) Vehicle type: Economy, mid-range, luxury, trucks of various capacities Target user: Individuals, businesses, government agencies 

Competitive Landscape: 

The market features a mix of established players and innovative startups, creating a dynamic environment: 

Established players: Uber, Careem, Hertz, Budget, Saudi National Leasing New entrants: Siwar Car, Jahez, Swvl, Saha, and other local startups Technology providers: Offering app development, data management, and payment processing solutions 

Future Outlook: 

The future of the Saudi Arabian car-sharing, taxi, and truck leasing market is brimming with exciting opportunities: 

Technological advancements: Integration of artificial intelligence, big data, and automation to optimize route planning, pricing models, and fleet management. E-mobility push: Growing adoption of electric and hybrid vehicles for a sustainable and environmentally friendly transportation ecosystem. Focus on user experience: Personalized services, loyalty programs, and enhanced safety features to attract and retain customers. Expansion into new segments: Targeting specialized truck leasing solutions for niche industries and exploring micro mobility options like e-scooters and e-bikes. 

Visit this Link :- Request for custom report

Challenges to Address: 

However, some hurdles require attention: 

Regulatory framework: Clarifying regulations for new mobility models and ensuring fair competition are crucial for fostering innovation. Infrastructure development: Expanding dedicated lanes for car-sharing vehicles and improving public transportation integration are essential. Public perception: Addressing concerns about safety, data privacy, and affordability is key to wider adoption. 

Why This Report Matters: 

This report empowers various stakeholders in the Saudi Arabian mobility market: 

Investors: Identify lucrative investment opportunities across different segments and service types. Car rental companies: Adapt their business models to capitalize on emerging trends and technologies. Technology providers: Develop innovative solutions tailored to the evolving needs of the market. Government agencies: Design and implement effective policies to regulate and facilitate the growth of the sector.

Request free 30 minutes analyst call

Taxonomy

KSA Car Sharing, Taxi and Truck Leasing Market

By Type of Fleet

SUVSedan

By Type of Taxi

Small TaxiMedium TaxiLarge TaxiCoaster

By Type of Truck

Heavy Duty TrucksMedium Duty Trucks

For More Insights On Market Intelligence, Refer To The Link Below: –

KSA Car Sharing, Taxi and Truck Leasing Market

Related Reports by Ken Research: –

KSA Car Wash Market Outlook to 2030 Driven by Increased Car Ownership and Growing Understanding of the Significance of Vehicle Maintenance

KSA Carwash Market is expected to reach 1379.7 SAR Mn in 2030 which is valued at 494.1 SAR Mn in 2022. The market is expected to grow with a CAGR of 13.7% during 2022-2030. The market is growing due to various factors like rising vehicle ownership, urbanization and lifestyle changes and helpful expansion of consumers offerings.

Kuwait Car Rental & Leasing Market Outlook to 2027 How a leading regional player in rental and leasing industry allocated resources to increase its presence and overall market share

The market will grow at a CAGR of 9.8% during 2022-2027 due to increasing tourism industry & improvements in transportation. As the global automotive industry moves towards sustainability, there might be an increase in demand for electric vehicles. Car rental and leasing companies in Kuwait may explore adding electric or hybrid vehicles to their fleets to cater to environmentally conscious customers.

Al Fujairah Taxi Service Market Outlook to 2028 Driven by the regions growing economic activities and the demand for convenient transportation

The market will grow at a CAGR of 8.1% during 2022-2027 due to Fleet modernization, economic growth and business tourism. Fleet modernization, incorporating fuel-efficient or electric vehicles, acts as a catalyst for taxi companies in Fujairah. It addresses the environmental concerns and become appealing to the environmentally conscious consumer base.

GCC New and Used Car Market Outlook to 2028 Driven by Investments in transportation infrastructure are improving accessibility and convenience, encouraging car ownership

The GCC is emerging as a prominent automotive hub for various car types, poised to grow at a CAGR of 6.4% from 2023 to 2028. Key growth drivers include a growing population, influx of expatriates, rising income levels, and easy financing options. Rising incomes enable consumers to consider a broader range of vehicles, contributing to market expansion.

Follow Us –

LinkedIn | Instagram | Facebook | Twitter | YouTube

Contact Us:-
Ken Research Private Limited
Ankur Gupta, Director Strategy and Growth
Ankur@kenresearch.com
+91-9015378249

Logo: https://mma.prnewswire.com/media/1954972/3782349/Ken_Research_Logo.jpg

 

View original content:https://www.prnewswire.co.uk/news-releases/saudi-arabia-mobility-landscape-shifts-gears-car-sharing-taxis-and-truck-leasing-drive-market-growth-to-18-5-billion-by-2027-ken-research-302066033.html

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

eSign.AI Named Sole Electronic Signature Technology Provider for Hong Kong Government’s CorpID Project, Building the Foundation for Digital Signing Infrastructure in Hong Kong

Published

on

By

HONG KONG, May 8, 2026 /PRNewswire/ — As Hong Kong’s Digital Corporate Identity Platform (CorpID) counts down to its phased launch, eSign.AI has been appointed as the sole electronic signature vendor in the project, responsible for delivering core digital signing capabilities including digital signatures, certificate management, and signature verification services. CorpID is led by Nexify, a seasoned government systems integrator, as the prime contractor. The platform is expected to launch in phases starting late 2026, with multiple CorpID-based e-government services going live in mid-2027.

CorpID: Government-Grade Digital Identity Infrastructure for Hong Kong Enterprises

The Digital Corporate Identity Platform (CorpID) is an enterprise-level digital services platform launched by the Hong Kong SAR Government, developed under the oversight of the Digital Policy Office (DPO). It is designed to serve as the business equivalent of “iAM Smart,” providing a unified digital identity foundation for Hong Kong enterprises. CorpID’s core mission is to build an integrated digital government infrastructure — offering unified identity authentication, digital signing, form pre-filling, and e-licence storage — replacing paper-heavy, cumbersome traditional processes and enabling smart city development through seamless data connectivity.

The platform is open to companies incorporated under the Companies Ordinance (Cap. 622) and businesses registered under the Business Registration Ordinance (Cap. 310), including sole proprietorships and partnerships. The DPO requires all enterprise-related e-government services to support CorpID within 18 months of launch, and will continue expanding ecosystem coverage through sandbox initiatives, cross-industry identity standard interoperability, and fully online registration processes.

eSign.AI: The Digital Signing Engine Behind CorpID

eSign.AI is an AI-native electronic signature and contract automation platform built for enterprises worldwide, offering a complete signing framework from simple electronic signatures to the highest-level compliant digital signatures — meeting diverse regulatory requirements across industries and jurisdictions.

On the identity verification front, eSign.AI has completed integration with iAM Smart, enabling individual identity verification through Hong Kong’s citizen digital identity system, and providing legally valid digital certificate services for both enterprises and individuals.

Looking ahead, the eSign.AI SaaS platform will be deeply integrated with CorpID, providing enterprise and individual identity verification for Hong Kong businesses, and supporting both electronic and digital signing that complies with Hong Kong’s Electronic Transactions Ordinance — connecting the full digital contracting lifecycle for government and enterprise alike.

Getting Ahead of the AI Era: From eSignGlobal to eSign.AI

The electronic signature industry is undergoing a structural shift from “tooling” to “intelligence.” Market data underscores this acceleration: the AI-powered contract analysis tools market has grown from USD 3.32 billion in 2025 to USD 4.3 billion in 2026, at a CAGR of 29.6%. Signing is just one node in the contract lifecycle — document generation, workflow orchestration, compliance tracking, and post-execution management are all being transformed by AI, and the industry window is closing fast.

In April 2026, the company officially rebranded from eSignGlobal to eSign.AI, completing its strategic transformation from an e-signature tool provider to an AI-native contract automation platform. As the company’s spokesperson noted, this rebrand is not cosmetic — it is an acknowledgment of where the product actually is. Customers were already using eSign.AI to automate workflows that go far beyond the signature itself.

eSign Automation Skill was launched alongside the rebrand — an AI-powered signing automation framework for enterprise workflows that enables complete contract signing through natural language interaction, with no manual intervention required. Whether it is single-party approval, multi-party sequential signing, or large-scale parallel execution, an AI Agent can orchestrate the entire workflow in a single call. All signature initiations and status queries return structured JSON outputs, directly parseable by leading large language models and intelligent workflow systems.

eSign Automation is now available in the OpenClaw ecosystem and supports integration via Claude MCP, ChatGPT, and other leading AI platforms.

By combining AI automation capabilities with CorpID’s government-grade digital identity infrastructure, eSign.AI delivers a complete solution for Hong Kong enterprises — from identity verification to intelligent signing to full workflow automation.

About eSign.AI

eSign.AI (formerly eSignGlobal) is an AI-native electronic signature and contract automation platform built for enterprises worldwide. The platform serves over 100 countries and regions, covering core industries including financial services, manufacturing, real estate, human resources, and healthcare — with 1,500+ scenario applications and 3,000+ ecosystem partners. eSign.AI holds ISO 27001, ISO 27701, and ISO 27018 certifications and supports major regulatory frameworks including the U.S. ESIGN Act / UETA, EU eIDAS, HIPAA, GDPR, and 21 CFR Part 11. Infrastructure is anchored by independent data centers in Hong Kong, Singapore, and Frankfurt, Germany.

View original content:https://www.prnewswire.com/apac/news-releases/esignai-named-sole-electronic-signature-technology-provider-for-hong-kong-governments-corpid-project-building-the-foundation-for-digital-signing-infrastructure-in-hong-kong-302766763.html

SOURCE eSignGlobal

Continue Reading

Technology

The 9th AskGamblers Awards Finalists Announced as Voting Starts

Published

on

By

The highly anticipated 9th AskGamblers Awards has officially moved into the voting phase. Following a rigorous selection process, the finalists across 5 premier categories have been revealed: Best Casino, Best New Casino, Best New Slot, Best Sportsbook, Best Provider. Players are invited to cast their votes until 11 June.

BELGRADE, Serbia, May 8, 2026 /PRNewswire/ — The voting stage of the 9th annual AskGamblers Awards has officially begun. The list of finalists is announced, and the first votes are already coming in. 

Players will have a chance to vote for their favourites until 11 June, when the winners will be announced at the gala ceremony in Belgrade. There’s a total of 5 categories where popular votes are taken into consideration:

Best CasinoBest New CasinoBest SportsbookBest New SlotBest Game Provider

There aren’t any big changes to the voting process compared to last year. The votes from the prominent members of AskGamblers Forum will be counted in as well, while some award winners will be announced directly by the AskGamblers teams. 

These include: Best Crypto Casino, Best Partner, and Best Manager categories, while the AskGamblers Superstar Award is expected to be handed to the operator that illustrates the brand values best.

Dijana Radunović, General Manager at AskGamblers, is excited for voting to start: “We’re seeing some familiar contestants, but there are a lot of new names, so it will be exciting to see who comes up on top.”

“We invite players to vote for their favourites! This is a chance for you to speak your mind and support operators and games that shape this industry,” Radunović added.

Before the AskGamblers Awards Ceremony that takes place on 11 June, Charity Night is scheduled for 10 June.

About AskGamblers

AskGamblers.com strives to provide current, objective, and accurate information and guide its users towards a safe gaming experience. The way we deliver our services, from the online casino, sportsbook, slot, and bonus reviews to our trusted Complaint Service, is best described by our motto: ‘Get the truth. Then play.’

For more information about AskGamblers and AskGamblers Awards, please contact dijana.radunovic@g2m.com.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/askgamblers/r/the-9th-askgamblers-awards-finalists-announced-as-voting-starts,c4346370

View original content:https://www.prnewswire.co.uk/news-releases/the-9th-askgamblers-awards-finalists-announced-as-voting-starts-302766772.html

Continue Reading

Technology

SUNMI Wins 2026 Red Dot Design Awards with Five Products, Leading Global Commercial Industrial Design

Published

on

By

SINGAPORE, May 8, 2026 /PRNewswire/ — The winners of the 2026 German Red Dot Design Award were officially announced. Five of SUNMI Technology’s flagship products won awards: the CPad Business Tablet, CPad PAY, FLEX 3 Interactive Display, the V3 handheld POS Terminal and L3 Industrial PDA. These products stood out with three core design concepts: integration, versatility and human-centricity.

Known as “The Oscars” of global industrial design, the Red Dot Award has strict evaluation criteria covering aesthetics, ergonomics, scenario adaptability and sustainability. SUNMI adheres to original commercial scenario customization, rejecting crudely modified consumer devices. All winning products are originally developed for real commercial scenarios such as cash register, food delivery, industrial inspection and store operations, covering the entire commercial track with high scenario adaptability. Meanwhile, it practices ESG concepts, adopting eco-friendly materials and modular structures to extend equipment service life, reduce consumable consumption, and implement low-carbon and long-term design, which perfectly meets the Red Dot’s sustainability evaluation criteria.

Simplify Complexity: With highly integrated design, SUNMI eliminates the “patchwork feeling” of cluttered devices and tangled cables in traditional commercial scenarios, streamlining store operations and saving space.All-in-One Versatility: Beyond a single tool function, SUNMI’s products achieve flexible transformation through modular and multi-form designs to proactively adapt to changing business needs. The CPad series with modular accessories and FLEX 3’s Lego-style modular design enable multi-scenario application and long-term reuse.Human-Centric Design: Every detail is human-oriented, focusing on real pain points to enhance scenario experience. The L3 Industrial PDA reduces high-frequency work fatigue through scientific weight distribution; the V3 Smart POS Terminal balances large-screen visibility and grip comfort; CPad PAY integrates full-link functions to simplify workflows.

These honors stem from SUNMI’s long-term commitment to a sustainable society, original commercial R&D and ESG. In the future, SUNMI will uphold its core concepts, expand the boundaries of commercial industrial design, and empower global businesses with user-oriented, eco-friendly and high-value products.

Logo – https://mma.prnewswire.com/media/2081156/sunmi_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/sunmi-wins-2026-red-dot-design-awards-with-five-products-leading-global-commercial-industrial-design-302766777.html

Continue Reading

Trending