This work is licensed under a Creative Commons Attribution 4.0 International License.
Ways to Improve The Efficiency of Rental Services in The Digital Economy
Corresponding Author(s) : Hukumova Sadokat
American Journal of Economics and Business Management,
Vol. 8 No. 4 (2025): April
Abstract
The rapid expansion of the digital economy has transformed the landscape of service industries, with rental services emerging as a promising sector for digital innovation. In Uzbekistan, the rental services sector has shown notable growth, yet its full potential remains untapped due to limited technological integration and uneven regional development. Despite global advances in digital solutions such as AI, IoT, dynamic pricing, and blockchain in rental service optimization, their application in Uzbekistan’s rental sector—particularly for operational efficiency and equitable market expansion—has not been comprehensively analyzed. This study aims to explore strategies for improving the efficiency of rental services in the digital economy by examining digital transaction management systems, technological innovations, and relevant national policy frameworks. Using qualitative analysis of literature, statistics, and expert assessments, the study reveals that digital tools enhance booking, payment automation, predictive analytics, and service personalization. Findings indicate a twofold growth in national rental services from 2019 to 2023, with 1.9 times growth in the Samarkand region. However, regional disparities and weak legal guarantees remain key obstacles. The research uniquely combines economic data with technology-driven models to assess efficiency improvements in a transitional economy. The study recommends region-specific digital strategies and legal reforms to foster inclusive development. Broader implementation of smart technologies and supportive infrastructure can significantly elevate customer value, operational transparency, and employment generation within Uzbekistan’s rental service sector.
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- ArXiv, «Blockchain Based Residential Smart Rent». 2024 г.
- ArXiv, «Decentralised Service Allocation using Blockchain». 2023 г.
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- I. Hub, «Enhancing Efficiency: Using Technology in Property Management». 2023 г.
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- M. Q. Pardayev, J. I. Isroilov, и A. Q. Gapparov, Problems of improving economic analysis in the service sector. Samarkand: Zarafshon, 2009.
- President of the Republic of Uzbekistan, «On measures to radically renew the state policy for economic development and poverty reduction». 2020 г.
- FasterCapital, «Property rental service: Driving Revenue: Innovative Marketing Techniques for Property Rental Services». 2023 г.
- President of the Republic of Uzbekistan, «Resolution No. PQ-104 dated January 27, 2022». 2022 г.
- President of the Republic of Uzbekistan, «Resolution No. PQ-5113 dated May 11, 2021». 2021 г.
- N. B. Advisors, «The benefits of using technology to improve equipment rental business efficiency». 2023 г.
- N. G. Chernyshevsky и N. I. Ziber, What Is to Be Done?; Social Ideas. 1863.
References
ArXiv, «Blockchain Based Residential Smart Rent». 2024 г.
ArXiv, «Decentralised Service Allocation using Blockchain». 2023 г.
TransactionTree, «Empowering Efficiency: How DTM is Driving Success in the Car Rental Business». 2023 г.
I. Hub, «Enhancing Efficiency: Using Technology in Property Management». 2023 г.
M. E. Pulatov, Q. J. Mirzaev, Sh. A. Sultanov, и E. Shavkiyev, Global economic development (tourism economy). Tashkent: Science and Technology, 2018.
Leasera, «How is Digital Solutions Modernizing Rental Management?» 2023 г.
RentMagic, «How technology is changing the rental industry». 2023 г.
T. Software, «Key Digital Trends in the Equipment Rental Industry». 2023 г.
D. Ricardo, On the Principles of Political Economy and Taxation. London: John Murray, 1817.
M. Q. Pardayev, J. I. Isroilov, и A. Q. Gapparov, Problems of improving economic analysis in the service sector. Samarkand: Zarafshon, 2009.
President of the Republic of Uzbekistan, «On measures to radically renew the state policy for economic development and poverty reduction». 2020 г.
FasterCapital, «Property rental service: Driving Revenue: Innovative Marketing Techniques for Property Rental Services». 2023 г.
President of the Republic of Uzbekistan, «Resolution No. PQ-104 dated January 27, 2022». 2022 г.
President of the Republic of Uzbekistan, «Resolution No. PQ-5113 dated May 11, 2021». 2021 г.
N. B. Advisors, «The benefits of using technology to improve equipment rental business efficiency». 2023 г.
N. G. Chernyshevsky и N. I. Ziber, What Is to Be Done?; Social Ideas. 1863.