During the second quarter of 2024, the California based ride-sharing and rental services company, Lyft, generated over *** billion U.S. dollars in revenue from its rideshare segment. Revenue from rental services totaled *** million U.S. dollars in the same quarter.

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.

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.

In 2024, the car rentals segment of the shared mobility market achieved the highest average revenue per user in Iceland, reaching approximately ****** U.S. dollars. The car-sharing segment ranked second with an average revenue per user of about ****** U.S. dollars, while ride-hailing followed with around ***** U.S. dollars.

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.

Being almost synonymous with the ride-sharing industry, Uber’s share of the U.S. market has fluctuated between ** and ** percent since 2017. The remaining market is dominated by Lyft, which accounted for ** percent of the market in March 2024. Ridesharing industry While Uber’s U.S. market share may be largely stagnant, the company is still growing strongly in terms of revenue and, although to a lesser extent, ridership. There are several reasons for this. First, Uber is a global company, whereas Lyft only operates in the North American market. Secondly, the overall size of the global ride-sharing market is growing and projected to continue expanding to over *** billion U.S. dollars. In addition, Uber has been expanding into other services, including food delivery and payments. Driver conditions Ride-sharing companies have received criticism for classifying drivers as independent contractors rather than employees. This means drivers need to pay for their own operating expenses and may not have access to basic employment rights such as a minimum wage (in districts where one exists). There has also been legal action taken against Uber for underpayment of their drivers and misrepresenting potential earnings.

Uber dominated the global market for ride-hailing, with a market share of ** percent in 2022. Lyft was ranked a distant second with a market share of ***** percent.

North American market remains key to Uber's revenue In recent years, Uber has expanded outside its home market in North America. Revenues in Europe, the Middle East, and Africa have grown particularly strongly, more than doubling between 2021 and 2022. However, the U.S. and Canada continue to account for the company's highest revenue. In 2022, revenue from North America made up ** percent of Uber's global revenue. Competition from Lyft Globally, Lyft can only claim ***** percent of the ride-hailing market share. The company only operates in the United States and Canada, limiting its ability to gain new users. In the United States, however, the company has a much larger share of the market. As of September 2023, Lyft controlled around a quarter of the U.S. ride-hailing market. Lyft has been losing market share, though. In 2021, Lyft had still held around a quarter of the market, losing ground to Uber.

In the fourth quarter of 2023, Uber's ridership worldwide totaled 2.6 billion trips. This compares to 2.1 billion trips in the first quarter of 2022, representing an increase of 24 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 75 times in ten years, up from 0.5 billion U.S. dollars in 2014 to 37.3 billion U.S. dollars in 2023. Uber Technologies reported being profitable for the first time since 2018, posting a net profit of roughly 1.9 billion U.S. dollars during the fiscal year of 2023. 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 2022, Lyft Corporation invested nearly 556 million U.S. dollars into research and development globally, which has been scaled back in recent years. Lyft generated 4.4 billion U.S. dollars in global revenue during 2023.

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...

Over the past five years, the Limousine and Town Car Services industry has contended with internal and external challenges. However, the industry has been helped by growing per capita disposable income, leading many consumers to spend on luxury car services rather than less-expensive alternatives. Moreover, new technology, particularly mobile apps such as Uber and Lyft that connect drivers and customers, has enabled greater ease of booking and paying for town cars and has provided the industry with a growing pool of customers. In 2020, falling domestic trips due to COVID-19 dampened industry demand from leisure clients, which account for more than one-third of industry revenue. As a result, industry revenue is expected to decline at an annualized rate of 7.0% to $4.7 billion over the five years to 2023, including an expected fall of 2.8% in 2023 alone.IBISWorld estimates that more than 90.0% of the industry's businesses are nonemployers with no staff, including the tens of thousands of drivers that now use transport network companies such as Lyft and Uber. These new mobile transportation apps have facilitated more nonemployers to enter the industry with the promise of deciding how many hours to work and where to operate. Over the past five years, industry locations have fallen as more than one of every four nonemployers stopped driving in 2020. Additionally, intensified ride-sharing competition, rising fuel costs, and vehicle prices have collectively driven down industry profit.Over the next five years, the industry is expected to continue to decline, damaged permanently by the expectation of lower-cost contractor luxury rideshare services. While limousine companies that can innovate and add new features such as mobile booking and Wi-Fi are unlikely to fold, the industry has been put in reverse. For these reasons, IBISWorld expects industry revenue will fall at an annualized rate of 0.7% to $4.5 billion over the five years to 2028.

In 2019, ***** percent of rideshare drivers in the United States drove for Uber, compared to only ***** percent who drove for Lyft. Rideshare drivers Ridesharing drivers are able to sign up for multiple services. When limited to the service they primarily drive for, Uber is dominant at **** percent, compared to **** percent for Lyft. In terms of the overall U.S. market, in August 2019, Uber held a market share of **** percent compared to **** percent for Lyft. Industry growth Assessing the performance of ridesharing companies in terms of zero-sum market share is somewhat misleading, as it does not indicate how expansion in the overall market has facilitated high growth for both Uber and Lyft. Both companies reported very strong revenue growth from 2017 to 2018, with Lyft’s revenue increasing by over ** percent. This is likely a result of the increasing share of people using ridesharing services, which more than doubled between 2015 and 2018.

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.

Rideshare Driver Background Monitoring Market Outlook

According to our latest research, the Global Rideshare Driver Background Monitoring market size was valued at $1.4 billion in 2024 and is projected to reach $4.2 billion by 2033, expanding at a strong CAGR of 13.2% during 2024–2033. The primary factor propelling this robust growth is the increasing demand for enhanced safety and trust within the ridesharing ecosystem, driven by both regulatory mandates and growing consumer expectations. As ridesharing platforms scale globally, ensuring that drivers undergo rigorous and continuous background checks has become a crucial differentiator, not only to comply with evolving legal frameworks but also to gain user trust and maintain platform reputation. This market’s expansion is further fueled by technological advancements that enable real-time monitoring and data integration, creating new standards for safety and operational transparency in the mobility sector.

Regional Outlook

North America holds the largest share of the Rideshare Driver Background Monitoring market, accounting for approximately 38% of the global revenue in 2024. The region’s dominance is attributed to its mature ridesharing market, presence of leading rideshare platforms like Uber and Lyft, and stringent regulatory frameworks that mandate comprehensive driver screening. The region’s advanced technological infrastructure facilitates seamless integration of background monitoring solutions, while heightened consumer awareness around safety further drives adoption. Moreover, North America is characterized by a well-established ecosystem of software vendors and service providers specializing in background checks, contributing to a higher penetration of both pre-employment and continuous monitoring solutions. The market’s maturity is also reflected in the prevalence of value-added services such as real-time alerts and integration with law enforcement databases, setting a benchmark for global best practices.

The Asia Pacific region is emerging as the fastest-growing market, projected to register a remarkable CAGR of 16.8% during the forecast period. This growth is underpinned by the rapid expansion of ridesharing platforms across populous markets such as China, India, and Southeast Asia, where urbanization and smartphone adoption are driving demand for on-demand mobility. Regional governments are increasingly recognizing the importance of robust driver vetting processes, leading to new regulatory requirements and public-private partnerships aimed at improving passenger safety. Additionally, local players are investing in advanced background monitoring technologies, often leveraging cloud-based deployment to scale efficiently across diverse markets. The influx of venture capital and strategic alliances between technology providers and ridesharing platforms are further accelerating market penetration, making Asia Pacific a focal point for innovation and growth in the sector.

In emerging economies across Latin America, the Middle East, and Africa, the adoption of rideshare driver background monitoring solutions faces unique challenges. These include fragmented regulatory environments, limited access to comprehensive criminal and driving records, and varying levels of technological readiness among ridesharing operators. However, as ridesharing adoption rises in urban centers and governments begin to prioritize passenger safety, there is a growing push for standardized background checks and periodic screening. Localized solutions tailored to address data privacy concerns and infrastructure limitations are gaining traction, while international providers are exploring partnerships with regional players to expand their footprint. Despite the hurdles, the untapped potential in these markets presents significant long-term opportunities as regulatory clarity improves and digital adoption accelerates.

Report Scope

According to a 2018 survey, ** percent of U.S. adults used ride-sharing apps like Uber and Lyft. This is more than twice the share of the population who used ridesharing apps in 2015. Ridesharing providers The increasing take up of ridesharing services has created rapid growth for ridesharing platforms. The largest two ridesharing platforms in the United States are Uber and Lyft, who held a combined market share of **** percent in August 2019. Uber is the larger of the two companies, whose global revenue increased by around ** percent from 2016 to 2018. Lyft are a much smaller company, both due to their smaller market share and because they only operate in North America. Despite this, their growth has been even more rapid over this period, with revenue increasing by *** percent from 2016 to 2018. Uses of ridesharing While ridesharing is clearly a growing industry, at this stage its does not appear likely to supplant public transit in the United States any time soon. In a 2017 survey, only a small number of people reported using ridesharing services to replace public transit on a regular basis, with *** percent of respondents doing so on a daily basis. And in 2016, a different survey found that the main reason people used ridesharing services was for infrequent activities such as visiting bars and restaurants. Unless there is a significant shift in these behavioral patterns, public transit appears to remain a more popular option for regular travel such as commuting.

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/)

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.