This blog embraces information for taxi booking startups & entrepreneurs. Herein rounded up a few winning strategies, which you need to adapt during taxi booking app development.
From the past decade, the taxi booking services have become one of the major global mediums of commute on which people can rely on. The ride-sharing industry is thriving, and one of the major reasons behind its growth is offering a sense to people of hiring vehicles at affordable costs than owning one. Hence, people do prefer ride-sharing services. Here’re a few important stats right from the ride-hailing industry:
- According to the report from Allied Market Research, “The global ride-hailing services market was valued at $36,450 million in 2017, and it is forecasted to reach $126,521.2M by 2025, registering a CAGR of 16.5% from 2018 to 2025.
- North America was the highest contributor to the global market in 2017 in the ride-sharing market and forecasted a CAGR of 12.7% during the forecast period.
- The global ride-sharing market is forecasted to USD 148.7 billion by 2024.
- Some of the key companies, which are recognized as Goliaths in the taxi booking industry are Uber, Lyft, Grab, and DiDi Chuxing.
- According to the report from Statista, “The revenue in the ride-hailing segment amounts to US$76,308M in 2019.
Moreover, there is an on-demand shared transit app, Via, which provides the first-and-last-mile solution and in some ways competes with Uber and Lyft.
Furthermore, Via is the on-demand transit company, which has secured total funding amount of $387.1M in the year 2017, according to the report from Crunchbase.
3 Winning Strategies to Consider Before Developing a Successful On-demand Transit App
1. Offers Smart Solutions to Eliminate Traffic Congestion & Emission
In urban areas, traffic congestion and emission have been increased over the past few decades. The on-demand transit app like Via has come up with the smart solution, which was responsible to eliminate traffic congestion and emission. This carpooling app has come up with the carpooling services within the city. Initially, this carpooling company offered its carpooling service for a particular region. After that, this company provides solutions, which meet rising demand around the globe.
Image Source: uber
Rather than providing services for booking a single trip, this ride-sharing app is believing in the concept of ride-sharing, where people can share the vehicle at affordable price rates. Currently, this ride-sharing app, Via, operates in New York City, Chicago, and Washington, D.C.
2. Affordability Matters
By advanced algorithms and data, Via app has provided solutions in terms of hiring taxis and allow users to share taxis with other users or riders. One of the winning strategies of Via is its smart algorithm that enables multiple app users or riders to ideally share a single vehicle by directing passengers (app users) to nearby corners, called as virtual bus stops as it allows for quick and efficient shared trips. Well, without hassles, users can be able to get the sharing taxis via on-demand transit app.
Image Source: via
Coming to our main point, which can help you to grab attention to more commuters, the winning strategy by Via is offering an affordable price to riders. Or, we can say that it offers cheap prices to its users as compared to its biggest rivals i.e. Uber and Lyft. Offering the cheapest price costs can help taxi booking businesses to grow at a faster pace. So, the key takeaway is that affordable price rates matter a lot in this competitive landscape.
3. Carefully Consider a Set of Taxi Booking App Features to Make Transit Easier
The next and core strategy, which is behind the spontaneous growth of Via, the carpooling app is its app features. Before developing a taxi booking app or carpooling app, it is important to know the important taxi booking app features. All you just need to consider those features, which offer convenient services to your users and make transit easier for them.
Image Source: via
Herein, we’ve put together a few common features, which you need to consider when developing a taxi booking or carpooling app development, check them out:
- User registration
- GPS real-time tracking
- Allows to book nearby rides
- Select pickup locations
- Lets users to share a ride with others
- Trip history
- Payment gateway integration
- Driver reviews
- Split the fare
- Lets users know about Estimate Time of Arrival (ETA)
- Schedule the ride
- Push notifications
So, if you just check out a few common yet important features, which you as a taxi booking startup need to consider while developing ride-sharing apps like Uber, Lyft or Via.
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Following effective strategies can lead to the success of your taxi booking business. As a taxi booking startup, if you are having an app idea on taxi booking or car-pooling, which you want to discuss, then you can cross-verify it with us. As we are a leading taxi booking app development company and have already developed over 54 Uber-like app solutions along with essential features and functionalities.
In case, if you still have any query or confusion regarding how much does it cost to create Uber-like taxi app, taxi booking app development cost India or how long does it take to develop an app like Uber, then you can get in touch with us through our contact us form. One of our sales representatives will assist you. The consultation is absolutely free of cost.
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