On-demand Transportation Market by Product and Services, Application and is growing with the CAGR of 13.20% by 2028
Market Analysis and Insights : Global On-demand Transportation Market On-demand transportation market will reach at an estimated value of 542.49 million and grow at a CAGR of 13.20% in the forecast period of 2021 to 2028. Increased problems related to traffic is an essential factor driving the on-demand transportation market. On-demand transportation is defined as an internet-based service which is used to book means of transportation in return of money, based on the distance and time it is used for. Numerous types of vehicles, such as commercial vehicles or passenger vehicles, can be booked or reserved through on-demand transportation services as per the requirement of the consumer. Furthermore, the service is highly popular in urban areas, due to increased digitalization and rising dependency on internet-based services. Growing fuel costs is a crucial factor accelerating the market growth, also reduced parking spaces, increasing penetration of smartphone and connected vehicles,...