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Juniper Research Limited

Uber, Lyft & Other Ride Sharing Services to See Revenues Double by 2020, Reaching $6.5 Billion

Transport to Drive Sharing Economy

(PresseBox) (Hampshire, UK, )
New data from Juniper Research has found that ridesharing services utilising freelance drivers, such as Uber and Lyft, are to increasingly see returns from their aggressive market strategies.

Juniper’s latest research, Sharing Economy: Opportunities, Impacts & Disruptors 2016-2020, found that shared transport platforms, who typically take just 20% of driver earnings, will see revenues grow from an estimated $3.3 billion in 2015, to $6.5 billion by 2020. The report found that a combination of driver incentives, flexible working hours, and new business models will draw in more drivers for these companies.

Service Expansion to Drive Future Growth

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