On-Demand Cab Booking App Development Driving Urban Mobility Market

The mobile application is the new medium of doing business. Gone are the days where websites were used to showcase or operate your business operation. Growing internet penetration and mobile device obsession have revolutionized almost every industry. Sectors that are majorly impacted include retail, transportation and logistics, finance, healthcare, and many more.

With successful venture of ride-hailing service providers like Uber, Ola, DiDi, and others, it isn’t surprising to see the new-age entrepreneurs looking to get into an on-demand taxi app development and build their version of Uber-like ride-hailing apps. However, to get the most of the booming sector, it is also essential to analyze both targeted users and competitors in the market.

Statistics of leading urban mobility market giants

Existence players dominating the global market have relevant statistics that depict their growth trend.

Starting from,

Uber

  • The global market valuation of Uber is around $72 Billion.
  • It acquires around 65-69% share of the ride-hailing market in the US.
  • Operational in 65 nations, measuring around 14 million trips per day.

Lyft

  • The global market valuation of Lyft around $15.1 Billion.
  • It acquires around 29-35% share of the ride-hailing market in the US.
  • Operational in 35 cities with over 23 Million Lyft users.

DiDi

  • It has approximately 550 Million DiDi users.
  • Operational in Australia, Taiwan, HongKong, Japan, and 400 Chinese cities with 30 million rides per day.

Moving ahead,

As hailing ride service is one of the sub-segments of urban mobility, taxi booking app developers should follow some crucial pointers to smoothen the overall mobile app development process, being part of the chronology.

Urban Mobility Market Lessons For On-Demand Cab Booking App Development

 

Leverage Scaling – Platform developers should keenly follow the modular and standardized approach to scale up their offerings and solution quickly. Prefer a cloud-based IT solution that can be deployed anywhere.

Emphasize on users – It is important to keep a user-first approach while designing a platform for ride-hailing services by incorporating solutions that are seamless and smart end-to-end travel experience.

Adapt as per local patrons – Web or app-based platform developers should focus on the local requirements by acclimatizing to the transport regulations and systems with strategic branding.

Flexible IT approach – Barriers for entry must be kept low to null and make use of standard API to motivate mobility operators and investors for taxi booking app development.

Let’s take you through some interesting factors that are attributed to surging the revenue in the global ride-hailing market.

How On-Demand Cab Booking App Development Is Driving Ride Hailing Market?

 

On-demand is the new key to success for the entrepreneurs, owing to the presence of convenient technologies with the helping hand of digitization.

  • Simplified booking options through mobile applications or websites have a major contribution to the ride-hailing service providers’ success. Increased Internet usage and the growing reach of smartphones across the globe has helped app-based cab booking companies to fetch customers.
  • Technically, feasible integration that provides crucial information such as estimated ride fare, live location, vehicle details, driver details in the app has helped to increase the number of online taxing booking app downloads according to customer preference.
  • Growing demand for affordable taxi fare plans executed by leading giants such as Grab, Uber, Ola in the sector has encouraged the other players to consider pricing as a critical parameter. As a taxi booking app have a high impact regionally, new market entrants should also take into account factors such as demand, need analysis, and customer behavior for online taxi service.

Coming to the conclusion,

Looking at the influence of ridesharing in transportation, local operators that are majorly the taxi owners are transforming swiftly. They are adopting the same strategy and are striving to include ridesharing, which has increased the request for taxi app development. It is stated that the urban mobility industry will have their own provincial control and not every player can attain the global outreach.

Thinking to be a leader in your region, Panacea Infotech, a pioneer on-demand mobile app development company can be your torchbearer for the venture.

Connect to reveal endless possibilities.

 

Cost of Uber-like Taxi Booking App Development

Technology integration has already turned the table for the entrepreneurs and benefitted majority to the customers. The revolution of the on-demand economy has opened doors for infinite business opportunities that serve the customer’s demand through some clicks on their smartphone.

The segment that is highly benefitted by the on-demand apps is transportation. Thanks to some of the leading tech giants like Uber and Lyft that thought of changing the way we find cabs. Uber turning out to be a game-changer of on-demand taxi service managed to find the tussle of finding a cab for an intercity commute. However, the position at which this ride-hailing service app stands at present is all due to its simplified UI, hassle-free payment options, and stunning features and functionalities.

However, this comes with a cost for sure.

So, curious about the cost range to develop a taxi booking app just like Uber or Lyft? Let go through some of the critical elements that have an influential impact on the on-demand taxi app development pricing.

You invest in three apps and not one to build an on-demand taxi app

It is quite common that an app serving in the on-demand category requires three components,

  • Admin panel
  • Driver side
  • Customer side

These three types function with a full-fledge integration to meet the operational demand of these cab booking services.

In context of the uber-like app, the passenger app is the front-end, and it interacts with the customer for the end-to-end process. Second, the driver app is the screen that a driver sees once he/she starts with the daily tasks, which includes accepting rides, navigation, and estimation. At last, comes, web-based admin panel through which navigation, payroll management, and data collation for marketing purpose is performed.

The technology stack accounts for major cost of on-demand taxi booking app

Uber app has some pioneering technologies integrated to make the operation smooth like;

  • For Mapping and geo-location, Uber uses Core Location framework for iOS; Google’s Location APIs are used for executing location-based features. Its efficient Map functionality helps the app to fetch accurate location. GPS integration is time-consuming and has a significant impact on the cost of developing an on-demand taxi app.

 

  • Notifications and SMS are integrated through Apple’s Push Notification Service and Android’s Google Cloud Messaging on Uber app. We normally receive a booking confirmation, payment notifications, and the most common surge pricing updates. As push notifications and SMS integration on an app are two different tasks, both have their own timeline in terms of task completion.

 

  • Finally, payment is the most crucial in the development of uber-like app. It should be efficient enough to complete a payment transaction with a privilege of estimate ride cost. Some commonly used integrations used for in-app payments by taxi app development companies are Braintree, Stripe, Paypal Mobile SDK, and others. This part of app development takes maximum time for efficient payment methods.

The cost of mobile app development also relies on who you choose to craft your idea into an app. It could be an app development company with full-fledge resources and support or a freelance app developer with expertise in dedicated skill-set. Although the choice is yours, it is a bid between the affordable costing of a developer or app development firm with a considerable pricing plan. The cost factor of an application is derived based on per hour charges quoted by the developer or the app development companies. It cannot be assured that hiring an app development company could help you with a super-competent mobile application like Uber or Lyft. Sometimes an app developer with low payment terms can craft an attuned mobile app that can beat the competitive landscape of the opponents. Also, hourly rates differ based on the diverse geographies.

Vital services you are charged for a cab booking app development 

As stated above, you invest in three platforms to develop a single cab booking app, below are the services for which you are billed.

  • Backend development
  • Mobile app design
  • Android and iOS native app development
  • Project management
  • Web app development
  • Quality testing

The app development cost majorly relies on total development hours and hourly rate. The more productive you expect your mobile app should be, on Android or iOS platform, more number it adds to development hours and the total cost.

Tallying the overall parameters deployed in the Uber-like taxi booking app development, the estimated cost ranges from $10,000 to $20,000. This cost could be approximate as adding more rich features and upgrades would add more value to the final figures.

To know more about the exact details connect with Panacea Infotech to get an accurate end-to-end costing of cab booking app development just like Uber.

Unique Features to Integrate into Taxi Booking App

If you are a taxi entrepreneur who is looking to develop a ride-hailing app or driving apps like Uber, ensure that your application has some unique features which can make your taxi booking app stands-out from other apps. This blog will highlight five unique features that one can incorporate to your taxi app to develop an app as successful as Uber, Continue reading “Unique Features to Integrate into Taxi Booking App”

Top advanced features to launch in Taxi Service App

The idea of building apps

similar to Uber

has widespread all around. Indeed, Uber is a massive success in the U.S market, where an organization has changed the whole concept of taxi industry with its customer-centric service. If we see Uber, they have recently launched a new service which is known as Uber health. There, the service delivers a Continue reading “Top advanced features to launch in Taxi Service App”

Develop Next Game-Changing Taxi Booking App Similar to Uber

When every start-up or business owner was seeking for the solution, Uber brought the revolutionized changes in the service market on a large scale and made on-demand services the new trend, which eventually transferred into cleaning, design, food, and numerous other industries. Continue reading “Develop Next Game-Changing Taxi Booking App Similar to Uber”

Building an app like Uber and its feature

 

Once the taxi service was royalty, Uber made it need by making it affordable. Not only did uber disturbed the traditional taxi service, but also hinder the way people carry out their business. Today, Uber is on the most demand service model which can be applied to almost all the niches of the industries. It is not overemphasizing to say that the Continue reading “Building an app like Uber and its feature”