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. Services like Uber allow people to benefit from riding with comfort and yet eliminate all those parking and maintaining troubles.
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%.
The changing world changes consumers, their demands and expectations, as a result, shipping service goes up to new heights annually and the role of parcel shipping is re-prioritized. The shippers now need to rethink their strategies and find ways out of the challenges they face.
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. We are going to speak about the taxi services and car rental facilities since the trend of taxi booking mobile app development has greatly enhanced user experience in this sector in recent years.
