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(USGovernment-News.Com, February 15, 2017 ) According to Publisher, the Ride Sharing Market accounted for $XX million in 2015 and is expected to reach $XX million by 2022 growing at a CAGR of XX% from 2015 to 2022. Intense competition, rising costs and growing operating losses by the companies in the business are some of the factors impacting the market growth. One of the key challenges faced by ride-sharing companies since their entry has been attaining permission from city and state regulators to operate. Furthermore, a new challenge that could cripple their flourishing business is providing on-demand services.
In near future, North American ride sharing market is expected to include superior interoperability among services, technology integration, and policy support. These developments also apply to other parts of the world, such as Europe particularly in the UK. Asia currently has more than half of the global population, and is lucrative market for players operating in the market owing to the increasing rate of smartphone adoption. Key players such as Uber have poured resources into Asia with diverse results. Besides, regional competitors from each market have capitalized their local know-how to stay forward in the race for home domination. In promising markets such as India and Southeast Asia there is an enormous increase in the number of users using at least one ride-sharing app.
Regions Covered: -North America -US -Canada -Mexico -Europe -Germany -France -Italy -UK -Spain -Rest of Europe -Asia Pacific -Japan -China -India -Australia -New Zealand -Rest of Asia Pacific -Rest of the World -Middle East -Brazil -Argentina -South Africa -Egypt
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