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Industrial Outlook of On-Demand Transportation Services

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Date4/19/2021 7:24:41 AM
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Global On-Demand transportation Services market is projected to grow at a CAGR of 10.52% during the forecast period. On-demand transportation service market is a public transportation service provided by ride-hailing, leasing, rental, and ride-sourcing companies.

The growing penetration of the internet worldwide is a major driver for the on-demand transportation services market as more people are using the internet for booking cabs and/or for renting vehicles. The penetration of the internet has grown double fold in a decade from 22.96% individuals using the internet in 2008 to 49.72% individuals using the internet in 2017.

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