Global Ride Sharing Market Set to Expand at 19.20% CAGR by 2035. As per Market Research Future Analysis, the Ride Sharing Market is set to grow at a CAGR of 19.20% through 2035. This significant growth is driven by factors
Transportation & Automotive, Logistics & Supply Chain: The increased ride-sharing demand creates opportunities for AI-driven logistics optimization, including dynamic routing for delivery services, optimized fleet management, and automated warehouse operations. This affects the whole transport and logistics space.
Ride-sharing companies need to invest heavily in AI infrastructure to handle the increased scale. This includes improving the accuracy of demand prediction models to optimize vehicle deployment, refining dynamic pricing algorithms to maximize revenue while maintaining rider satisfaction, and implementing AI-powered safety features to mitigate risks associated with larger fleets. Automation of customer support through AI chatbots will also be crucial.