Disruption is Silicon Valley's favorite buzzword. And while the forces of innovation and technology are hard to quantify, that's not stopping Bank of America Merrill Lynch from trying.
The transportation sector in particular has $608 billion worth of market share ripe for disruption from the rapidly-evolving sharing economy, the bank said in a report.
"We are reaching “peak car” in many developed markets," Bank of America said. "Transportation is costly and inefficient, making the sector ripe for disruption."
On average, cars sit idle 95% of the time. That's huge for a country with 112 million registered vehicles. Freeing up those dormant cars to be a part of the economy will take more than just Uber.
Specifically, the bank points to four other specific areas that will add to the disruption:
Ride-sharing, like UberPOOL or Zimride.
Car sharing and private organizations, like Zipcar and ...