Category: Cab Booking App

If you are looking forward to diving in any segment of the business, you can certainly expect to start a taxi business. Yes, Ola and Uber have indeed been incredibly successful, but you should know that taxi application played a crucial role in the stories of their success. So, you can take inspiration from this and make your first attempt in this direction.

Another statistic that will keep you active is that 80% of passengers prefer Ola and Uber compared to booking regular taxis on the roads as per one of the surveys.

Let’s turn to some more encouraging numbers and figures. According to Forbes, Uber has completed about 2 billion rides, generating around $ 20 billion in revenue.

Apart from this, the number of taxi booking apps has also increased; hence, the number of passengers has increased. So, if you develop a perfect app on board and make a complete business strategy, there is no reason why you won’t succeed like Ola or Uber.

Benefits of Cab Booking App for business:

• Real-Time Location Tracking:

Real-time tracking has been considered as one of the most significant plus points of taxi app development. The driver knows the location from where he has to pick up the customer. The same thing can be said about the passenger, and he knows how many minutes his number is going to come from the taxi.

But how will this feature benefit your business? You can keep tracking of the location of the driver. You can keep a check on the route as he is taking advantage of to reach the customer and then take him to his destination.

• Higher visibility opportunity:

We have already seen how taxi booking apps like Uber have beaten traditional taxi services. Now it is more interesting to book cabs with customers through the mobile application. There is every possibility that you can get higher visibility and connect with more users.

Tourists visiting various places rely more on the cab booking app than local taxi operators.

• Collecting essential passenger’s data:

The advantage of investing your money in the development of the taxi app is that it helps you collect valuable details and data from your customers. When users download your app and sign in through their email IDs and mobile numbers, you can collect and store this data.

All these data will help in personalizing notification to the customer and provide him with the best discounts, coupons, and offers on some rides.

• Developing your business brand:

You already have an idea that companies like Uber, Ola, or Lyft have established their brand value and goodwill in the market and, as such, have become big players in the cab pooling industry. Having an Uber like app solution for your business will allow you to follow in the same strategy, and gradually you can also come to the same platform.

You can create your brand awareness with the help of credibility, trust, and seamless services. Also, you can customize your app as per the modern customer needs and demands and create the app which is more attractive and user-friendly for the users.

• Getting customer’s feedback:

You cannot dismiss the fact that your business’s brand identity depends, to a large extent, on feedback and customer feedback. This should be functionality for the taxi hailing app. Even if you are offering a respectable service, you need to get customer views in ratings and reviews. And take it very seriously.

Summing up:

Mobile applications have come as a flourishing tool for the taxi and cab booking industry. Business owners are not wasting their time realizing that if they want to earn more profit, then it has become a necessity for their business.

However, when you can dive into the taxi business, you have to understand the market trends and target audience mandatorily. Applications are certainly providing many benefits, which you cannot find in traditional business methods.

If you are looking forward to developing a taxi booking app development, then we at panacea Infotech can assist you and help you develop an advanced cab booking app as per the business needs.

Email us at info@panaceatek.com for more details.

With a radical change in the needs of consumers who value convenience, the taxi app development is the perfect solution for making a complete intercity commute available to smartphone users. It almost looks like users have access to taxis at their fingertips.

So what are the success factor that can help taxi booking app business to bloom like Uber and Lyft.

Robotaxi coming through!🚖

In China’s first #robotaxi pilot program, Baidu's fleet of 45 #Apollo driverless taxis is now on the road for trial operations in Changsha, China.

Residents can hail a cab w/ just one tap.

See just how close we are to a future w/ #SelfDrivingCars👉📺 pic.twitter.com/reFzbVKC6D

— Baidu Inc. (@Baidu_Inc) November 8, 2019

There are a few things to consider when developing a taxi application like.

• The application must have a friendly ecosystem that offers benefits to passengers and drivers.
• Ensure that all functionality are easily accessible to customers through a simple and efficient user interface. Consider a pleasing cab booking app design.
• The application must be competent enough to calculate the price according to the selected route.
• Whatever you choose, use the right tools to develop a taxi application. Including;

So let’s start with,

Tech Stack For Taxi App Development

Technology used for creating an app plays a major role in overall on-demand app-based services.

Don’t forget that Uber has already released its API to the public and developers and introduced the affiliate program Riders, you can also create your own personalized taxi app. Server, mapping and payments are the three giant bases for developing a taxi application. First, you need your own server to process hundreds of user requests, driver routes and other data.

• Programming languages used ​​for the backend – Node.js, Python, Java, PHP, Ruby on Rails.
• Another crucial element of any taxi booking app is GPS. The OpenStreetMap API for iOS / Android can be used. The platform-specific tools in this regard for Android may be Google Maps and the Google Location Services API. For iOS devices – MapKit or CoreLocation Framework.
• Since Uber supports payments through PayPal’s credit card app, you can use the following gateway adapters to develop an app: Stripe, BrainTree, Paytm, and PayPal’s mobile SDK.
• The stack of push notification technology is quite simple: Google Firebase for Android and Apple Push for iOS phones.
• To send text messages, Uber made Twilio public, although other cloud communication platforms, such as Plivo, Nexmo, Tropo, deserve attention.

Advanced Functions For Taxi App Development

It is important to integrate the latest functionalities that make the ride for customers more convenient, affordable, and viable.

ETA and status

It is human to be a few minutes late for several reasons. However, it is very embarrassing that your loved ones are waiting for you.

Uber has integrated a feature that allows you to share your travel status with your friends and family so they have a safe trip.

Family and friends would receive a text message with details such as the driver’s name, vehicle number, location and estimated time of arrival.

Tariff classification

Users often travel in groups and have difficulty calculating the participation of each cyclist.

Uber introduced the split fare feature, which divides the fare and calculates the percentage of shares for each passenger. So, save the pilots to perform complex calculations!

Extra stops

The cyclist must make several stops during the lap. For example, someone goes to your friend’s house and unexpectedly realizes that he forgot to drink the wine.

You do not want to be a strict service that cannot meet these urgent needs! Therefore, you must ensure that your service is flexible enough that a cyclist can make several stops, if necessary.

Saved places

Most Uber passengers use the same routes on which the place of origin and destination is often repeated. This feature has significantly helped passengers, as they don’t have to search for their destination each time they book a taxi.

Concluding point,

Mordor Intelligence estimate that the global taxi market is set to attain a CAGR of 10.08% during the forecast period, 2020-2025. The estimated figures suggest opportunities it will bring in the global market, due to new entrants.

Mobile application development companies play a vital role in meeting the ever-changing technological needs of smartphone users in the new era. The on-demand taxi app is one of those areas of expertise that involves drivers and passengers who use the interactive platform of taxi applications for their needs.

Panacea Infotech is one of the pioneering tech partner dedicated to on-demand service app development. We have a considerable portfolio in on-demand taxi booking app development.

Collaborate with us for endless possibilities!

Ride-Hailing is by far the fastest-growing of all segments of the online mobility services market. There is a wave of new companies entering the world market, which makes competition more intense. Companies offering public transport services are shifting from traditional taxi services to services that can be booked through an app, for example, taxi booking carpooling, making the process more transparent to customers than ever before. Car manufacturers’ massive investments in passenger transport services further stimulate segment growth.

The transformation of the taxi industry over the past decade has been remarkable. Technological progress has played an essential role in shaping the taxi ecosystem, and we are now living in an era when a customer can use a taxi booking app for their next trip in seconds. The global taxi market continues to grow, in the United States and the United Kingdom owing to adoption of ride hailing ventures. On the other side, one of the emerging markets in the UAE has has turned out to be a center point for taxi companies around the world due to its reputation as a center of economic growth.

According to these considerations, specific global trends further confirm a taxi company’s commercial potential. Do you want to know what these trends are and how they will take the taxi industry scenario to the next level of growth in the years to come? So keep reading and stay tuned.

Let’s look at some of the forecasts and trends for the taxi industry.

Taxi booking app and its impact on global mobility market

According to 2019 trade reports, the taxi market in the United States, the United Kingdom, and the United Arab Emirates is estimated to grow by 25% in the coming years. The US market is expected to generate $ 2.81 billion in revenue in 2020, while the United Kingdom will further increase with $ 2.94 billion.

As of this date, at least 15 million trips are made around the globe. According to analysts at Goldman Sachs, that number is expected to increase dramatically, with daily trips to 97 million in 2030.

Many business analysts continue to ensure that the free ride market goes up, thanks to Uber Technologies Inc. and Lyft Inc. and Hailo that are raising millions of dollars in investments from VC.

Taxi booking app driving global ride hailing market

Penetration of on-demand cab booking application is set to have a significant impact on the ride hailing segment in mobility market. Let’s go through some drivers that are encouraging the growth

Futuristic mobility solutions

The future will introduce sustainable and innovative transport. From electric cars to hybrid vehicles to driverless cars, the way people move from place to place will change in the coming years. This change will also have a significant role in the driving the global on-taxi booking industry.

Many countries in the world welcome this green wave of electric and hybrid cars in their taxi companies. The Dubai Transport and Road Transport Authority (RTA) have already deployed 50 Tesla electric vehicles for the limousine fleet, while the UAE is anticipated to introduce 1,582 hybrid cars by 2018.

Market expansion

With technological innovation underway and the increase in the number of market participants, the market share generated by taxi booking app will increase in the coming years. In addition, better bandwidth and an increasing number of smartphones are expected to increase demand from a customer/passenger perspective. Together, they point out that the right time to enter the world of taxi app business is now.

Tech-Integration

Technological integration in the operational infrastructure will play a crucial role in the success of the sector. Therefore, it is logical to emphasize the technological frontier from the way of developing ideas and strategies. To do this, you must choose the reliable and in-depth experienced taxi booking app Development Company.

The solution offers many advantages, such as a friendly interface for the sender, the passenger, and the driver. It also provides a profound personalization potential to display your brand image. This well-equipped solution facilitates the simplification of your fleet’s activities and increases the opportunities for generating business for your company.

Statistics to consider before taxi booking app development 

So, what could be the estimated growth prospects in the global shared mobility market in the coming years? Will we continue to see the growth of cab booking companies and what factors play a role?

According to Statista,

• The ARPU (average revenue per user) currently sums to $189.93.
• User penetration is expected to reach 20.0% by 2023, which for 2020 is 15.4%.
• Ride hailing segment in share mobility market values $216,810 million in 2020.
• The CAGR is anticipated to attain a CAGR of 13.7% during 2020-2023, reaching the total valuation of $318,765 million by 2023.

Concluding point,

Following the estimated statistics of global market that are majorly driven by changing technological infrastructure and user-oriented service building, it is clear that on-demand taxi service app would transform the way people travel across the cities.

Panacea Infotech, a leading name in taxi booking app development can be your partner for taxi booking mobile app development and other technical requirement in mobile app development.

Contact for more details.

With the fast-changing economy, customer expectations are also increasing rapidly. They look for specific services that can fulfill their particular needs. It has given birth to a new range of app-services that cater to niche segments. They are called on-demand applications that provide users quick access to specific services and allied professionals on-request. On-demand apps are powering businesses to align with the right target audiences. The taxi booking app or cab booking app is one such on-demand app segment that has seen a surge in the market value and number of customers. Uber is the best example when it comes to on-demand apps. The popularity of the business model of Uber has created a buzzword in the mobile app industry, Uberification. Uberification refers to the most uncomplicated process of fulfilling a user-generated demand within a timeframe. Today, entrepreneurs are applying the ‘Uber for X’ model for every vertical in different industries.

Uber has been a massive success in the U.S. ride-hailing market, and Uber-like app development is going to be a rage in 2020 as customers are expecting more from the experienced-driven economy. They want mobile apps on their fingertips that resolve their issues instantly with high control. The on-demand taxi booking app is no exception as it offers flexibility and convenience to customers while covering critical features like location-based tracking, cashless payments, customer security, and simplicity.

What are the benefits of On-Demand Taxi Booking App Development

Taxi booking mobile apps will bring tremendous benefits to the businesses as they will be equipped with advanced tech and superior functionalities in 2020 for enhanced customer delight.

• Generate high-quality user experience: Uber like app solution for taxi booking is developed with an aim to deliver convenience to users. On-demand taxi booking apps help your customers to find rides effortlessly with few clicks. They can check price details, compare different modes for trips, review ratings of drivers, give feedback, pay promptly, and make a decision quickly.
• Establish your brand: When market is flooded with plethora of taxi booking mobile apps, you can position your brand by offering differentiated services like 24*7 cab availability, map integration, seamless user experience, outstation rides business modules, fare estimation, ride-sharing, centralized security system, complete track of user history, driver listings and many more. A credible taxi booking app development company can help you in developing cutting-edge Uber-like app solutions.
• Leverage technology for generating revenue: This is the era of disruptive technologies like the Internet of Things, Artificial Intelligence, Augmented and Virtual Reality, Chatbots, and Blockchain. These technologies are revolutionizing the capabilities of a mobile app, thus enhancing user experience. For example, with the help of AI and machine learning capabilities, you can offer personalized services to your customers like exclusive discount coupons and optimal price determination for a ride. Additionally, it is easy for you to predict demand, optimize routes, and utilize resources optimally.
• Deliver value to all stakeholders: Investing in an Uber-like app solution for taxi booking, your business can create value for both customers as well as drivers by implementing an effective business strategy. By using a transparent business model that is beneficial for all channel partners, including drivers, taxi owners, and customers, your taxi booking app can reduce search cost and transaction cost for them. The customers, on the one hand, can enjoy a hassle-free and safe ride with numerous advantages like cashless transactions, discounted rides, and affordable prices, whereas drivers, on the other hand, can find a stable source of income, get insurance coverage while working for flexible hours.

Why will On-Demand Taxi Booking App Development be in demand in 2020?

• Customers seek for convenience: Taxi booking mobile app is getting substantial traction in the market because modern customers are highly concerned about their comfort and convenience. For example, the apps that offer a variety of cars in the economic and luxury range are preferred by customers. Such apps give them the option to choose from a wide range of segments. Additionally, customers would seek for a reliable taxi booking app as they are more inclined towards carpooling and rental cars with drivers. Thus, the uber like taxi apps will rule the market who would offer customer-centric services.
• Customer security is an utmost concern: Not only comfort, but safety is also one of the most critical aspects that can differentiate between successful and not-so-successful taxi booking mobile apps. People prefer features like live tracking, location sharing, emergency calling, driver background checks, drivers’ history, official pick up-zones, and many more to ensure that their loved ones are safe during their ride. Thus, 2020 will witness a higher focus on safety measures by taxi booking app development companies.
• Customers want quick mobility: This is another reason why cab booking apps will be popular in the coming times. Today, everyone is short of time and is expected to complete multiple tasks within a limited time frame. Rental cars and cabs play an essential role in the lives of such people who want to focus on work rather than driving their private vehicles. Thus, the cab booking apps that will meet the expectations of customers will win in 2020. For example, fast booking, least waiting time, experienced drivers, excellently maintained cabs, optimal fares, fare estimation, and comparison are some of the features in a taxi booking app that would help customers to derive maximum value.
• Customers prefer who takes care of their needs: Needless to say, this is the era of personalization. Customers are loyal to businesses that take care of their specific needs. A successful taxi booking mobile app must incorporate all the mentioned above features to deliver quality and professional services.
• Customers love add-on features: Success comes to those who can empathize with customers and offer exceptional benefits that are not commonly available. 2020 will be the year when taxi booking mobile apps will embed features like Chatbots, AI-driven personalized search, outstation facilities, driverless cars on rent, day packages, premium membership plans with exclusive benefits, special facilities like wheelchair assistance, baby seats and others.

What should you look for when you select a Taxi Booking App Development Company?

Now when you have decided that you need a taxi booking mobile app for your customers, you must start searching for a credible taxi booking app development company that possesses the necessary expertise and experience in the domain. Your tech partner must be able to embed emerging tech with the mobile app solution to make it customer-centric. Panacea Infotech is a leading on-demand mobile app development company with a team of highly skilled professionals who can help you right from consultation to the implementation of the solution. We are a reputed taxi booking app development company with a team of dedicated experts who understand clients’ needs and proposes a customized solution that suits their budget and business requirements.

Connect with us today.