The end of 2023 was marked with hope for shippers and transportation companies to emerge from the freight recession. The freight crisis was caused and intensified by the global lockdown during the COVID-19 pandemic.
According to estimates, the global ridesharing market is forecast to grow by $86.33 billion during 2022-2027, accelerating at a CAGR of 17.45% till 2027. This means that the industry is on its way to recovering from the COVID-19 pandemic losses.
In big cities with heavy traffic and few parking spots, it becomes exceedingly popular to rely on public transportation, taxis, and bikes for moving around.
Global TMS market size exceeded $2.5 billion in 2019, and it is expected to almost double and reach $4.8 billion by the end of 2025 with an overwhelming annual CAGR of 14.5%.
With the contemporary shift from simply digital world to the world of mobile devices, businesses have to adjust, and we can clearly see that the concept of app solutions has already altered many industries.
