According to SNS Insider analysis, the trend of urbanization, with more people living in densely populated cities, has also contributed to the growth of the ride-sharing market. With limited parking and congested traffic, many urban dwellers find it more convenient to use ride-sharing services rather than owning a car.The Ride Sharing Market, as reported by SNS Insider, had a value of USD 92.27 billion in 2022 and is projected to expand to USD 263.21 billion
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