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Ride Sharing Market to grow by USD 180.02 Billion (2024-2028), driven by rising vehicle ownership costs, with AI redefining the market landscape – Technavio

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NEW YORK, Dec. 4, 2024 /PRNewswire/ — Report with market evolution powered by AI – The global ride sharing market size is estimated to grow by USD 180.02 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 26.35% during the forecast period. Increase in vehicle ownership cost is driving market growth, with a trend towards emergence of autonomous ride sharing. However, risks of theft and need for frequent maintenance poses a challenge. Key market players include ANI Technologies Pvt. Ltd., Avis Budget Group Inc., Bolt Technology OU, Cabify Espana SL, Comuto SA, Curb Mobility LLC, DENSO Corp., Enterprise Holdings Inc., Grab Holdings Ltd., GT Gettaxi UK Ltd., Hertz Holdings Inc., Ibibo Group Pvt. Ltd., iDisha Info Labs Pvt. Ltd., Lyft Inc., My Taxi Indi, PT GoTo Gojek Tokopedia Tbk, Share Now GmbH, TomTom NV, Uber Technologies Inc., and Via Transportation Inc..

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Ride Sharing Market Scope

Report Coverage

Details

Base year

2023

Historic period

2017 – 2021

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 26.35%

Market growth 2024-2028

USD 180.02 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

23.41

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 45%

Key countries

China, US, Germany, UK, and Japan

Key companies profiled

ANI Technologies Pvt. Ltd., Avis Budget Group Inc., Bolt Technology OU, Cabify Espana SL, Comuto SA, Curb Mobility LLC, DENSO Corp., Enterprise Holdings Inc., Grab Holdings Ltd., GT Gettaxi UK Ltd., Hertz Global Holdings Inc., Ibibo Group Pvt. Ltd., iDisha Info Labs Pvt. Ltd., Lyft Inc., My Taxi Indi, PT GoTo Gojek Tokopedia Tbk, Share Now GmbH, TomTom NV, Uber Technologies Inc., and Via Transportation Inc.

Market Driver

The ride-sharing market is experiencing significant trends with the emergence of apps like Waze, Carma, eRideShare, CarpoolWorld, BlaBlaCar, Liftshare, and Commute with Enterprise. These platforms leverage GPS navigation and smartphone technology to help reduce greenhouse gas emissions by optimizing vehicle trips and minimizing traffic congestion. Millennials prefer ride-sharing over public transport for convenience and affordability, leading to increased demand. Mobility Service Providers (MSPs) like Gett, Didi, Go-Jek, Grab, and Ola are expanding their offerings beyond e-hailing to include food delivery, last-mile delivery, and even bikes and scooters. The car sharing market is evolving with various vehicle types, while the micromobility market focuses on the short distance segment. Business models are shifting towards profitability and sustainability, with data services, Intelligent Transportation Systems, and Automotive Vehicle-to-Everything becoming essential components. Vehicle ownership, maintenance, and component replacement costs are becoming less attractive, driving the trend towards shared mobility. Autonomous ridesharing is a growing trend, with OEMs investing heavily. However, trust and revenues remain key challenges. Passenger comfort and safety are paramount, and losses from vehicle trips can be substantial. The transportation sector is undergoing a digital transformation, with e-commerce and the sharing economy leading the way. 

Cab service providers utilize vehicles as their primary mode of transportation, generating substantial data for automakers on driving patterns, traffic conditions, and road situations. Autonomous vehicles, used as taxis and parcel delivery services, offer valuable insights through real-world testing. Major autonomous vehicle manufacturers have been focusing on developing self-driving cars for taxi and delivery services since 2017. For instance, Mercedes-Benz AG partnered with Uber Technologies to launch autonomous taxis by the end of 2021. These collaborations provide a foundation for autonomous vehicles to learn and adapt to diverse driving conditions. 

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Market Challenges

Ride-sharing market is witnessing significant growth with the emergence of players like Waze, Carma, eRideShare, CarpoolWorld, BlaBlaCar, Liftshare, Commute with Enterprise, Avolon-e, and more. These Mobility Service Providers (MSPs) leverage GPS navigation and smartphone technology to offer e-hailing services, reducing reliance on public transport and personal vehicle ownership. However, challenges such as traffic congestion, air pollution, and greenhouse gas emissions persist. MSPs face losses due to trust issues, vehicle maintenance, and component replacement costs. Business models vary from carpooling and e-hailing to autonomous ridesharing. The market includes offerings from OEMs like Didi, Go-Jek, Grab, and Ola, targeting both vehicle trips and the micromobility market (bikes and scooters). The data service segment, including Intelligent Transportation Systems and Automotive Vehicle-to-Everything, is crucial for improving passenger comfort and reducing losses. The market’s profitability and sustainability depend on addressing these challenges while adapting to evolving consumer preferences and technology trends.The global ride sharing market is experiencing a setback due to an escalating issue with bike theft. Despite implementing advanced security measures, vendors continue to grapple with this challenge. The scarcity of bicycles resulting from thefts has led to customer dissatisfaction, as shown in social media complaints. The deficit in available bicycles contrasts with the number displayed in the app. Additionally, frequent bike maintenance is required due to careless riding practices and falls, further straining market growth during the forecast period.

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Segment Overview 

This ride sharing market report extensively covers market segmentation by

End-user 1.1 Individual1.2 BusinessType 2.1 Car2.2 OthersGeography 3.1 APAC3.2 Europe3.3 North America3.4 South America3.5 Middle East and Africa

1.1 Individual- The individual segment holds the largest share in the global ride sharing market due to its cost-effective and efficient business model. Unlike traditional taxi services, ride sharing allows individuals to plan their rides in advance. Drivers of privately-owned cars partner with ride sharing companies to offer rides to commuters. If a driver is heading towards a passenger’s destination, they can pick up additional riders en route, reducing costs for passengers and increasing efficiency for drivers. The preference of drivers for carrying only one or two passengers keeps this segment dominant in the forecast period.

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Research Analysis

The ride-sharing market is revolutionizing the way people commute, offering cost-effective, convenient, and eco-friendly alternatives to traditional transportation methods. With the help of GPS navigation and smartphone technology, platforms like Waze, Carma, eRideShare, CarpoolWorld, BlaBlaCar, Liftshare, MaaS, Commute with Enterprise, Avolon-e, and others facilitate carpooling and ride-sharing, reducing vehicle trips and traffic congestion. These solutions not only help save money but also contribute to reducing greenhouse gas emissions and air pollution. Millennials, in particular, are embracing ride-sharing as an alternative to public transport, making it an increasingly popular choice for urban commuters. V2V communication and e-hailing services from companies like Bolt Technology OU and Gett further enhance the convenience and safety of ride-sharing, making it an attractive option for those seeking to minimize their carbon footprint while navigating the challenges of modern transportation.

Market Research Overview

The ride-sharing market is a dynamic and innovative sector that leverages GPS navigation, smartphone technology, and Internet connectivity to provide on-demand transportation solutions. This market includes various service types such as carpooling, e-hailing, and bike rental. Millennials are a key demographic, preferring ride-sharing over public transport to save time and reduce air pollution. Mobility Service Providers (MSPs) offer car sharing, eCommerce, food delivery, and last-mile delivery services, utilizing vehicle trips to optimize traffic flow and reduce congestion. Business models vary from peer-to-peer to fleet-based, with offerings ranging from autonomous ridesharing to vehicle types like cars, bikes, and scooters. V2V communication, Intelligent Transportation Systems, and Automotive Vehicle-to-Everything technologies are driving smart transportation, while losses from ride-sharing are a concern due to passenger comfort, trust, and revenue generation. The market faces challenges like emissions, maintenance, and component replacement costs, but the potential for profitability and sustainability remains high. The transport network continues to expand, with players like Didi, Go-Jek, Grab, and Ola leading the way in the car sharing and micro-mobility market.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userIndividualBusinessTypeCarOthersGeographyAPACEuropeNorth AmericaSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Cambium Networks Introduces High Density Wi-Fi 7 Solution for the Enterprise

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New tri-band, software-definable Wi-Fi 7 solution delivers precision directive coverage with AI optimization for exhibition halls, auditoriums, warehouses, and other high-density environments.

HOFFMAN ESTATES, Ill., July 22, 2026 /PRNewswire/ — Cambium Networks, a leading global provider of networking solutions, today announced a new Wi-Fi 7 high-density access point – the X7-56X – engineered to deliver high-performance wireless connectivity in the most demanding environments. Designed to meet the needs of large public venues, exhibition halls, busy public spaces, and educational campuses, the solution combines focused RF coverage, AI-driven optimization, and cloud-managed simplicity in a high-capacity platform.

The X7-56X extends Cambium Networks’ Wi-Fi 7 portfolio with a software-definable tri-band architecture featuring 60° x 60° directive antennas designed for precision coverage and reduced co-channel interference in congested RF environments. The platform supports up to 1,280 clients per access point and up to 17.9 Gbps aggregate wireless capacity across the three Wi-Fi spectrum bands.

“The X7-56X performed very well in our ticket scanning points that have high ceilings and see significant foot traffic volume,” said Jonathan West from the National Ice Centre in Nottingham, UK. “What makes this AP practical for a venue like ours is the integrated 60×60 degree antennas that eliminate separate antennas and cabling and can add significant cost, complexity, and footprint to every mount. Engineering all of that into one unit expedites installation and improves aesthetics as well. This form factor will extend to applications in our seating bowl as well.” 

“What excites me about the X7-56X is how well its directional approach works for some of our toughest spaces, such as auditoriums at capacity or the basketball arena on game night,” said Jeremy Petticrew, Network Engineer at University of Mary Hardin-Baylor. “Precisely controlling Wi-Fi coverage has always been the hard part, and having an AP designed specifically for that, inside a platform we already trust, is a real advantage as device counts keep climbing.”

The X7-56X integrates with Cambium’s ONE Network architecture comprised of Wi-Fi, switching, security, SD-WAN, wireless backhaul, and fiber – all managed through the cloud via cnMaestro™ X. This unified approach provides centralized visibility and control across the entire network infrastructure from a single source of truth.

The new solution provides a compelling Total Cost of Ownership (TCO) proposition by reducing the amount of equipment required in typical installations. These advantages are enabled by:

Directive antennas that focus Wi-Fi coverage only where needed – a spotlight approach vs. the floodlight type of inefficiencies of omni-directional antennas

Integrated Wi-Fi controller in every AP, eliminating the need for separate appliance or VM-based controller solutions

Software-defined radios that enable flexible deployment of the 5GHz and 6GHz Wi-Fi bands matched to environment needs, reducing the number of APs required

Key capabilities of the X7-56X include:

Tri-radio, tri-band Wi-Fi 7 architecture

4×4 MU-MIMO support with ten total spatial streams

60° x 60° directive antenna for precision coverage

Air Cleaner technology for high-density RF optimization

AI-based Assurance for improved operational efficiency and problem resolution

Software-definable radios supporting flexible 5 GHz and 6 GHz migration

Built-in IoT radio supporting BLE 5.1, Zigbee, Matter, and Thread

Simplified installation with the MarketApps Installer mobile-based app and flexible mounting options

Cloud-based management through cnMaestro™

“High-performance Wi-Fi requires more than just raw throughput,” said Bruce Miller, VP Enterprise Product Management at Cambium Networks. “Intelligent RF management, flexible deployment options, and simplified operations are key to support growing device counts, IoT proliferation, and AI-powered applications. The X7-56X was purpose-built for these challenges while at the same time delivering compelling economics for enterprise IT and managed service providers.”

“The X7-56X brings together several technologies that are particularly valuable in high-density environments,” said Kevin Tolly, Founder of The Tolly Group. “The directive antenna design, Wi-Fi 7 architecture, integrated IoT capabilities, and cloud-managed operation provide organizations with a practical approach to supporting growing connectivity requirements while maintaining operational simplicity.”

View the Tolly Group preview video of the X7-56X, showcasing the access point’s ultra-high-density design, Wi-Fi 7 capabilities, deployment flexibility, and performance advantages for demanding enterprise environments.

Cambium Networks’ directional Wi-Fi 7 innovation was recently highlighted by Wi-Fi NOW in an Expert Insights article by CEO and Chairman Claus Hetting.

Watch our webinar replay, “High-Performance Wi-Fi with New Wi-Fi 7 and 6 GHz Solutions.”

About Cambium Networks

Cambium Networks enables service providers, enterprises, industrial organizations, and governments to deliver exceptional digital experiences, and device connectivity, with compelling economics. Our ONE Network platform simplifies management of Cambium Networks’ wired and wireless broadband and network edge technologies. Our customers can focus more resources on managing their business rather than the network. We make connectivity that just works.

Media Contact

pr@cambiumnetworks.com

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SOURCE Cambium Networks

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OCEAN Launches Portal, the First End-to-End Encrypted Pool Dashboard for Bitcoin Miners

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New customizable dashboard gives miners operation-wide tools without surrendering privacy or identity

MIAMI, July 22, 2026 /PRNewswire/ — Today OCEAN announced the launch of OCEAN Portal, a customizable, end-to-end encrypted dashboard that gives Bitcoin miners a complete view of their operation. PORTAL was unveiled on stage at Mining Disrupt 2026, the world’s largest Bitcoin mining expo and conference, held July 21-23 at the Miami Airport Convention Center, by OCEAN President Mark Artymko. PORTAL is available now, for free, to all miners on OCEAN at portal.ocean.xyz.

OCEAN was built permissionless from the ground up, a deliberate design choice that, like Bitcoin itself, gives miners unhindered access to their own information. Traditional pools organize miner data by storing it on their own servers. OCEAN Portal delivers that same organized, polished experience while keeping miners fully in control: a permissionless, encrypted view of your mining addresses with the look and feel of an enterprise-style dashboard. Miners can combine multiple Bitcoin addresses into a single view, organize addresses by site, and assign human-readable names to sites, workers, and teams. Portal includes site-specific statistics, worker insights, payout information in Bitcoin and fiat, robust reporting tools, and access controls that let operators share full dashboards with their teams or generate expiring read-only links for clients. No account or email is required. Miners sign in with a Bitcoin address and a password they create. The convenience of enterprise dashboards, with the security of OCEAN.

“PORTAL was built in direct response to miner feedback,” said Mark Artymko, President of OCEAN. “Some of our miners told us that a customizable dashboard was the only thing standing between their full stack of hashrate and the pool. OCEAN heard them, and built it.”

PORTAL is powered by Sub-space Locker, an application-independent encrypted storage and access-control system developed by OCEAN. Built on public-key cryptography, Sub-space Locker authenticates users, stores encrypted application data, and controls what each user can access. Encryption and decryption happen locally in the user’s browser, leaving OCEAN and other intermediaries unable to read the underlying data.

“Every mining pool dashboard on earth makes the same trade: your tooling for your identity,” said Jason Hughes, VP of Engineering at OCEAN. “PORTAL refuses that trade. Miners get pool-grade information in the most sovereign way possible. We couldn’t read their data even if we tried.”

Since launching in 2023, OCEAN has focused on returning sovereignty to Bitcoin miners through permissionless, non-custodial pooled mining, fully transparent and auditable TIDES payouts, and DATUM, which puts block template construction back in miners’ hands. PORTAL extends that mission from the pool to the mining operation itself.

OCEAN Portal is available now at portal.ocean.xyz.

About OCEAN

OCEAN is a Bitcoin mining pool built on miner sovereignty. Operated by Mummolin, Inc., OCEAN offers non-custodial payouts, transparent reward accounting, and DATUM, the only pool technology that lets individual miners construct their own block templates.

Media Contact Ian Northon media@ocean.xyz

 

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SOURCE Mummolin Inc

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PlayVS and Scouting America Announce Gaming Activation at the 2026 National Jamboree

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New immersive gaming hub will bring structured esports competition, casual play, and digital citizenship programming to Scouts at Summit Bechtel Reserve

LOS ANGELES, July 22, 2026 /PRNewswire/ — PlayVS, North America’s leading scholastic gaming platform, today announced a partnership with Scouting America to bring a state-of-the-art gaming activation to the 2026 National Jamboree, taking place July 22–31, 2026. One of Scouting America’s premier youth gatherings, the National Jamboree at Summit Bechtel Reserve in West Virginia, brings Scouts together from across the country for adventure, fellowship, skill-building, and shared experiences.

Running throughout the National Jamboree, the PlayVS Arena will offer a rotating schedule of competitive tournaments, leaderboard challenges, casual gaming, and hands-on technology experiences. Designed for Scouts of all experience levels, the activation promotes teamwork, digital citizenship, sportsmanship, and healthy competition while creating a welcoming space for Scouts to connect over a shared passion for gaming. The arena gives Scouts the opportunity to connect with friends, test their skills, and experience organized esports in an environment designed for participation, sportsmanship, and fun.

“At PlayVS, we believe gaming can be a powerful way for young people to build confidence, practice teamwork, and develop meaningful connections,” said Andrew Barnett, Partnership Lead. “Partnering with Scouting America allows us to bring that experience to one of the country’s most iconic youth gatherings and show how structured gaming can complement the values of leadership, fellowship, and skill-building that Scouting has championed for generations.”

The gaming activation will feature a high-tech mobile gaming trailer outfitted with gaming stations, virtual reality experiences, and a professional racing simulator. A dedicated event tent located alongside the trailer will expand the experience with additional console stations for free play, spectating, and community engagement throughout the Jamboree.

PlayVS aims to deliver a memorable gaming experience that brings together the excitement of play with the values of leadership, teamwork, and community.

About PlayVS

PlayVS is North America’s leading scholastic and collegiate gaming platform, helping students unlock the educational, social, and personal benefits of competitive gaming. The company brings together students, coaches, educators, and schools through structured, education-aligned competition across K–12 and college. PlayVS is the official esports partner of the NFHS Network, the Special Olympics, and state and regional organizations across the U.S. and Canada. To learn more, visit playvs.com.

Media Contact:
press@playvs.com

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