The paradigm shift sparked by the introduction of Uber in the mainstream market has changed the taxi industry. Existing taxi service providers took a massive hit as they couldn’t compete with Uber’s innovative solution. Several entrepreneurs took note of its potential and have started to step into this sector. They realized that time, and monetary investments are crucial in this business and chose to go with a readymade taxi app solution like Uber preloaded with basic features.
The sensible approach to step foot into this industry is to develop a white-label taxi booking app. The ultimate aim of your app should be to serve millions of passengers over time, and so the platform should be redesigned and customized to suit the requirements of the target customers. This article dives deep into the market prospects of developing an app like Uber from our hand-picked professionals.
What is the scope of building an on-demand taxi booking service solution?
Although the market is overflowing with on-demand hailing service providers, the demand doesn’t seem to dissipate. There is no shortage of customers availing comfortable rides round the clock. Significant companies like Uber, Ola, and Lyft hold a majority of the customer base. However, the growing number of customers will ensure that you have numerous business opportunities. By integrating user-centric features into your Uber clone app and providing pocket-friendly services, you will be able to establish your brand in the top tier of this niche. Here are the market stats of some significant players in the on-demand ride-hailing services market.
- Uber is currently providing ride-hailing services in over sixty-five countries and six hundred major cities worldwide.
- Business analysts have estimated that Uber is completing more than 14 million in an average day.
- Uber has surpassed over 10 billion rides to this date.
- Over twenty-three million people use Lyft globally.
- They recently hit the one billion mark in the total number of rides completed.
- Lyft is currently valued at $15.1 billion, and its stocks have skyrocketed in recent times.
- Grab is another major company in this niche and is being operated in eight countries.
- Their primary focus is on the South East Asian (ASEAN) region and has claimed over 60% of the total market share.
- They are currently valued at a whopping $11 billion and have garnered the attention of business analysts.
Why should you invest in our on-demand taxi app like Uber?
Improve your brand visibility significantly:
If you own a taxi business and are looking for ways to improve your enterprise, getting an on-demand app like Uber will be a perfect boost. You can seamlessly widen your customer base and boost your overall revenue. By increasing your visibility in the market, you will be able to cater to a broader set of audiences.
Take your business to a whole new level:
Launching an on-demand taxi app like Uber will add value to your business and project a premium brand image. People are starting to rely on these apps as it enables them to get a cab comfortably at their doorsteps. As they don’t prefer waiting for cabs anymore, incorporating an app like Uber will enhance your business prospects.
Bringing in the automation process and cutting costs:
With the advancement in technologies, business owners prefer to automate their operations. Most entrepreneurs prefer automating their business as it helps in minimizing the human resources, and there won’t be any space for human errors.
Reviews and feedback:
No business will sustain itself in the market if it doesn’t keep updating itself to meet users’ expectations. In order to improve your business operations, reviews and feedback can be of high value as they provide it based on the app’s performance in real-world scenarios. You can learn a lot from the user perspective and effectively improve your business.
What are the benefits of developing a Uber clone app for your ride-hailing business?
A plethora of business opportunities:
As you increase your business’s visibility by developing an Uber clone app, you will inevitably get numerous business opportunities. Existing service providers can adapt the app with their current business model without breaking a sweat. Entrepreneurs can boost their overall revenue by streamlining the potential of multiple revenue strategies in this model.
Not a massive investment:
One of the significant reasons why entrepreneurs prefer clone apps is their affordability. Despite being cost-effective, our solution does not compromise on its performance. Entrepreneurs can effortlessly integrate their brand elements into the solution to make it more appealing to the eye. Since it is a ready-made solution, entrepreneurs can deploy it in the mainstream market within a short time and get high returns on their investment.
How to estimate the cost of developing an app like Uber?
The overall cost of building an Uber clone script can be estimated by taking a few critical factors into consideration. The scale and complexity of your app will have an adverse impact on the overall cost of developing the app. Here are some vital factors that significantly influence the cost of developing your Uber clone app solution.
- Design of your app
- Multi-platform support
- Web application development
- Backend development
- User interface development
- Project management
In a nutshell:
Building an on-demand ride-hailing app has become the fad of this decade as most people rely on these apps for their daily transit. By incorporating state-of-the-art technological tools and best-in-class features, you will be able to gain a competitive edge over your target customers. Discuss your business requirements with our professionals to kickstart your venture. Our development team will assist you from day zero and will ensure that you do not go through the cumbersome process. We provide unlimited customization options for our clients; by delivering what your customers exactly need, you will be able to take control of the market.