In 2024, the ride-hailing provider network company Lyft generated *** billion U.S. dollars in revenue worldwide. Lyft provides transportation services in the United States and Canada.

Lyft's annual revenue was $5.79 B in fiscal year 2024. The annual revenue increased $1.38 B from $4.40 B (in 2023) to $5.79 B (in 2024), representing a 31.39% year-over-year growth.

The revenue of Lyft with headquarters in the United States amounted to **** billion U.S. dollars in 2024. The reported fiscal year ends on December 31.Compared to the earliest depicted value from 2020 this is a total increase by approximately **** billion U.S. dollars. The trend from 2020 to 2024 shows, furthermore, that this increase happened continuously.

Lyft's annual net income per employee was $7.77 K in fiscal year 2024. The net income per employeeincreased$123.32 Kfrom -$115.56 K(in 2023) to $7.77 K (in 2024), representing a -106.72% year-over-year growth.

The total equity of Lyft with headquarters in the United States amounted to ****** million U.S. dollars in 2024. The reported fiscal year ends on December 31.Compared to the earliest depicted value from 2020 this is a total decrease by approximately ****** million U.S. dollars. The trend from 2020 to 2024 shows, however, that this decrease did not happen continuously.

Ridesharing Industry statistics: The ridesharing industries are different companies that include transportation networks and ride-hailing services that provide one-way transportation commonly termed as e-taxis or app-taxis. The well-known and biggest ride-sharing companies are Uber and Lyft. The overall market share of the ridesharing industry in 2022 has accounted for around $95.09 billion to $100.55 billion and is expected to reach a CAGR of 17.2% by the end of 2029 with $305 billion. Currently, ridesharing applications are mostly used across the world, especially in urban areas and almost 36% of Americans are using these apps in their daily life. The following Statistics from several aspects will provide light on why Ridesharing Industry is becoming so popular. Editor’s Choice In the United States, almost 36% of people are the part of Ridesharing Industry in 2022. The top two companies in this industry are Uber and Lyft in the U.S. The Ridesharing market size of North America increased by 68% by the end of 2022 with $13.6 billion. In the U.S. 2022, the share of sales rideshare market of Uber was 71% and Lyft's was 29%. By the end of 2026, the global market share of ridesharing is expected to be $185.1 billion. The monthly services of ridesharing applications were around 26%. This industry mainly includes the Taxi segment and Ride-hailing transportation sector. As of 2023, this U.S. industry has projected to reach $71.78 billion and expects annual growth of 1.07% by the end of 2027 with a $74.91 billion market volume. Currently, 28.1% is the user penetration of this industry in the U.S. As of January 2022, the average sales per customer of Uber were $72 and Lyft was $66.

The ride-sharing industry continues to be dominated by Uber and Lyft, with both companies expanding their reach and strengthening their hold on US urban mobility. The current landscape is marked by a shift toward electrification, growing adoption of loyalty and subscription programs and increasing integration with public transit and last-mile delivery. Profit has improved, with profit now representing 4.2% of revenue as leading platforms deploy technologies to optimize routing, minimize idle time and scale multi-modal services. Industry revenue is also expected to climb at a CAGR of 24.7% from 2020-2025, reaching $21.0 billion in 2025, a robust 13.7% year-over-year increase fueled by the rapid rebound in travel, consumer spending and business activity after pandemic-era lows. Consolidation remains a defining feature as Uber and Lyft operate in a de facto duopoly, leveraging network effects and technology to keep new entrants at bay. The customer experience is front-and-center, with personalization and seamless digital engagement driving repeat usage and platform loyalty. However, cost pressures, in the form of rising wages, insurance premiums and the upfront electrification costs, are mounting. Regulatory developments, including new pay mandates and regional electrification targets, reshape operating models and could constrain profit. Despite these challenges, ongoing mobile connectivity and business travel growth support the appetite for convenient, app-based mobility. This has sustained consumer demand and contributed to outsized growth compared to traditional taxis and public transit. Future growth is expected to moderate as the industry shifts into a mature phase. Success will hinge on investment in technology, regulatory adaptation and continued enhancement of the rider experience, as platforms strive to balance cost pressures with the promise of environmentally sustainable growth. Over the next five years, profit as a revenue share is anticipated to stabilize at 3.9% in 2030 as companies absorb higher compliance and electrification costs while seeking new efficiencies and adjacent services. Annual revenue expansion is forecast to slow to a CAGR of 2.5% during 2025-2030, with industry sales reaching $23.8 billion through the end of 2030.

The net cash of Lyft with headquarters in the United States amounted to ****** million U.S. dollars in 2024. The reported fiscal year ends on December 31.Compared to the earliest depicted value from 2020 this is a total increase by approximately *** billion U.S. dollars. The trend from 2020 to 2024 shows, however, that this increase did not happen continuously.

Key Taxi App StatisticsTop Taxi AppsTaxi App Market SizeTaxi Revenue by AppTaxi App UsersTaxi App Market Share USTaxi App Market Share UKTaxi App Market Share IndiaIn a wave of entrepreneurship in...

In 2024, Uber Technologies generated over ** billion U.S. dollars in revenue from its operations in the United States and Canada. The company's revenue has grown in all regions, but the Europe, Middle East, and Africa region has experienced particularly strong year-on-year growth. The mobile transportation network company had more than 171 million monthly users all over the world at the end of that year. Uber leads global ride-hailing market As of 2022, Uber has a ** percent market share for ride-hailing globally, making it the largest player ahead of competitors such as Lyft. This dominance is reflected in its financial performance, particularly in its mobility segment. Uber Technologies generated a revenue of approximately ** billion U.S. dollars from its mobility segment, which includes its ride-sharing operations, which constructs the biggest portion of the company’s revenue. The company’s growth is a part of a trend in the ride-sharing market, which is projected to grow by more than ** percent from 2023 to 2028, reaching an estimated market value of *** billion U.S. dollars. Uber tops U.S. mobility service brand awareness Furthermore, the San Francisco-based company is the most well-known mobility service provider in the United States. Uber is known by ** percent of respondents in the United States. Another California-based company, Lyft, comes in ****** place on this list.

According to Cognitive Market Research, the global deal tracker as a service (DTaaS) market size was USD 1121.5 million in 2022 and will grow at a compound yearly growth rate (CAGR) of 11.50% from 2023 to 2030. What are the Key Drivers Affecting the Deal Tracker as a Service (DTaaS) Market?

Growing Adoption of DTaaS for Monitoring Trade Activities to Provide Viable Market Output

DTaaS eliminates physical infrastructure and permits rapid application development at a lower price. The solutions provide advantages like instant stability, performance guarantees, declining pricing, failover support and specialized expertise. It increases the requirement for local in-house infrastructure and management overheads so that the companies concentrate on their core business. The growing utilization of DTaaS for monitoring trade activities in real-time is boosting the growth of the market.

Private companies like Uber, Roam and Lyft that provide ride-sharing and car services have increased rapidly over the past few years, and location data for tracking is a useful resource for these companies.

(Source:economictimes.indiatimes.com/tech/startups/for-uber-and-lyft-the-rideshare-bubble-bursts/articleshow/87101707.cms?from=mdr)

Investment wealth management, drive performance, minimized enterprise risks and combat financial crime with deal tracker as a service. The tracker as a service enhances operational efficiency minimizes IT management overheads, and eliminates the requirement for on-premise hardware, allowing firms to emphasize key business activities.

The Factors Restraining the Growth of the Deal Tracker as a Service (DTaaS) Market

High Cost and Implementation Limitations to Hinder Market Growth

The limitations of high costs and implementation of services impact the growth of deal tracker as a service market. Several industries utilize conventional system designs, necessitating a high degree of system customization for executing these solutions. Many businesses choose not to employ the DTaaS solutions as its update requires a significant increase in capital costs. The installation of these solutions leads to increased expenditure of capital, disrupted workflow and a complexity increase in manufacturing operations, hindering the growth of the market.

Impact Of COVID-19 on the Deal Tracker as a Service (DTaaS) Market

Covid-19 has impacted the deal tracker as a service market globally, including all of its sectors. With the closure of business, halt in IT operations, and other factors, the dual effects of the pandemic reverberated throughout the segments of deal trackers as a service market. On the contrary, the pandemic increased consumer awareness, increased the utilization of digital technologies and businesses placed a higher value on solutions that enhanced operational efficiency and lower overhead costs. This has eventually enhanced the performance of deal tracker as a service market globally. Introduction of Deal Tracker as a Service DTaaS

DTaaS is a comprehensive solution enabling real-time monitoring of trade activities, data archiving for easy querying and compliance, and tracker of net positions. The use of cloud deployment with DTaaS eliminates the requirement for local software deployment and data storage costs, offering a fully managed service. It provides huge information on mergers and acquisitions, venture finance, private equity, private placement transactions, initial public offerings and others.

These developments empower businesses to offer better-tailored solutions and services, which, in turn, contribute to the growth of the deal tracker as a service (DTaaS) industry.

For instance, expandable asset tracker devices were introduced by PCT on the Geotab Marketplace. Through this, Geotab offers a vast ecosystem of business-focused, beneficial applications and add-ons, helping companies with the resources that they require for more effective management of their fleets. Further, Philips Connect Technologies has been included in the Geotab Marketplace in order to help customers access a number of solutions that can assist them in making the most of their time by improving asset visibility and utilization.

(Source:www.geotab.com/blog/geotab-marketplace/)

The global cab services market is poised for significant expansion, projected to reach approximately $17,208 million by 2025, with a robust Compound Annual Growth Rate (CAGR) of 5.9% anticipated between 2025 and 2033. This impressive growth trajectory is primarily fueled by the increasing adoption of ride-sharing platforms, evolving consumer preferences for convenient and on-demand transportation, and the continuous technological advancements enhancing user experience. The rise of smartphone penetration and the widespread availability of affordable data plans have been instrumental in driving the growth of e-hailing services, making them a preferred choice for urban commuters seeking efficient mobility solutions. Furthermore, the integration of advanced features like real-time tracking, cashless payments, and dynamic pricing mechanisms by key players is further stimulating market demand. The market is segmented by application into Business, Entertainment, Advertising, and Others, with Business and Entertainment applications expected to dominate due to the convenience and cost-effectiveness these services offer for corporate travel and leisure outings. The types of services include E-Hailing, Car Rentals, and Radio Cabs, with E-Hailing services leading the market share owing to their widespread accessibility and integrated digital platforms. The cab services market is experiencing a dynamic shift with evolving trends such as the increasing integration of electric vehicles (EVs) within fleets, driven by environmental consciousness and government initiatives promoting sustainable transportation. Furthermore, the growing emphasis on personalized rider experiences, including the availability of premium services and driver rating systems, is enhancing customer loyalty and market penetration. While the market demonstrates strong growth potential, certain restraints such as intense competition among service providers, regulatory hurdles in different regions, and concerns regarding driver welfare and safety could potentially impact the pace of expansion. However, strategic partnerships, mergers, and acquisitions among key players, including industry giants like Uber, Lyft, Didi Chuxing, and Grab, are likely to shape the competitive landscape and drive innovation. Geographically, Asia Pacific, led by China and India, is emerging as a significant growth engine, followed by North America and Europe, where established markets continue to show steady expansion. The market's resilience and adaptability to technological advancements and changing consumer needs will be crucial in navigating its future growth path. This report provides an in-depth analysis of the global Cab Services market, encompassing a detailed examination of its historical performance, current landscape, and future projections. Spanning the Study Period from 2019 to 2033, with a Base Year and Estimated Year of 2025, and a Forecast Period of 2025-2033, this report offers invaluable insights for stakeholders. The Historical Period (2019-2024) review sets the context for understanding the market's evolution.

In the third quarter of 2025, Uber's ridership worldwide totaled *** billion trips. This compares to around *** billion trips in the third quarter of 2024, representing an increase of **** percent year-on-year. A brief overview of Uber Technologies Uber Technologies Corporation started as a ridesharing company to disrupt the traditional taxi services industry. Having observed the global lucrativeness of the sharing economy in the upcoming years, Uber expanded its business profile to reshape the entire transportation industry, from food delivery and logistics to transport of people. As a result of strategic market positioning, the company experienced strong growth. The net revenue of Uber increased over ** times in ten years, up from *** billion U.S. dollars in 2014 to ** billion U.S. dollars in 2024. In 2023, Uber Technologies reported being profitable for the first time since 2018, posting a net profit of roughly *** billion U.S. dollars during the fiscal year of 2023. In 2024, the net profit rose to around *********** U.S. dollars. Competition in the sharing economy Uber has been operating in a highly competitive environment since it introduced its first differentiated cab services. One of the major competitors of Uber Technologies is the San Francisco-based Lyft. Although Lyft is a latecomer into the ride-sharing business, Lyft progressively worked on weaknesses exhibited by Uber to strengthen its position against Uber and other competitors. Besides, Lyft is one of the major innovators in the sharing economy along with Uber Technologies. In 2023, Lyft Corporation invested nearly *** million U.S. dollars into research and development globally, which has been scaled back recently. Lyft generated *** billion U.S. dollars in global revenue during 2023.

In the third quarter of 2025, *** million people used the Uber app at least once per month. This is a **** percent increase compared to the third quarter of 2024 or a **** percent increase compared to the previous quarter. Uber is one of the most popular ride-sharing apps in the world. Based in San Francisco, their global net revenue amounted to ***** billion U.S. dollars in 2024. Contributing to their revenue are the 11.3 billion rides that were delivered via the Uber app that year. In 2024, Uber generated ***** billion U.S. dollars in gross bookings worldwide. U.S. ride-sharing market The ride-sharing market has experienced a giant surge in recent years. The ride-sharing market allows for consumers in need of a ride to instantly call for one via their smartphone and GPS satellites. This is comparable to a taxi service but can in some cases be significantly cheaper. However, drivers for these apps do not usually hold the same licensing requirements as taxi drivers. Uber and Lyft are the two largest companies in this sector, although Uber continues to outperform Lyft. In 2023, Uber's reported global revenue was more than eight times that of Lyft, which recorded *** billion U.S. dollars in revenues. As of the third quarter of 2025, Uber's user base has reached *** million users, indicating continued growth in the ride-sharing market.

The global ride-sharing market is expected to grow to by more than ** percent between 2023 and 2028. The market value is expected to amount around *** billion U.S. dollars in 2028. DiDi, Uber, and Lyft are among the key players in this industry. Costs, congestion, and comfort are key market drivers The ride-sharing market’s rapid growth is being fueled by several key factors: Consumers, particularly younger adults, seek to avoid the large overhead costs of car ownership. It is expected that ride-sharing will be most popular in cities where vehicle ownership is not only costly but also less practical due to traffic congestion and limited parking. Ride-sharing’s reach has been enabled by widespread smartphone use and mobility apps are particularly popular in India and China, making mobility services likely to see large revenue streams in regions such as China. The industry may struggle to take over the market in areas where public transportation is well-funded and attractive to use and hence, Europe is the region where the market for urban mobility platforms that combine individual and shared mobility options has the greatest potential. Shared mobility market segmentation Car-sharing and ride-sharing represent parts of a wider aspect of the transportation industry, shared mobility. Either vehicles or mobility services are shared between consumers on an on-demand basis. Car-sharing provides consumers more privacy and less contact with strangers than ride-sharing. The value pool for ride-hailing is expected to be more than ** times the size of the car-sharing market by 2030.