As major cities have seen success with the transformation of taxi booking through apps, we are entering a new era of ease, where the taxi business is more rewarding for the market.
The challenges people used to encounter when trying to find a vehicle for their daily travel have been solved by these online ride-hailing apps.
The global business landscape has changed dramatically over the past few decades; gone are the days when people had to wait for a rickshaw to travel inside the city.
The taxi service has become the primary means of transportation in many cities in recent years.
Online taxi services across the globe generate millions of dollars in turnover, making them one of the fastest-growing industries.
Moreover, smartphones’ penetration and wide access to the internet have changed people’s preferences.
From booking a cab to ordering food to make payments, people’s affinity towards mobile booking and order has increased, and conventional business owners are transforming their business models using modern technology solutions.
The global taxi booking market was valued at $69.18 billion a couple of years ago, and now it is estimated to reach $12.89billion by 2027.
Why? Because people now prefer private and safe transportation modes over the public, this is the reason behind the promising future of the online taxi booking business.
So, in the transportation industry, cab booking apps are a huge disrupter. Indeed, it has already begun, with most customers opting for booking taxis via mobile apps.
But why is it so popular?
Online Ride-hailing Market Economics
As we said earlier, taxi booking platforms have cost-effective multihoming costs. Passengers and drivers have the option to participate on multiple platforms.
There are many reasons why commuters prefer to book a cab online, including,
- Safe ride
- Cost-effective
- Instant solution
- Extensive range of options
Imagine the ease with which you can book a cab just by pressing a button on your mobile device. Never, right?
The taxi industry was upended when Uber entered and turned it upside down. Due to Uber’s entry, the taxi industry struggled to compete with it.
Soon, some cabbies operating taxis on the streets for a while experienced a decline in business following Uber’s entry.
In fact, Uber’s business model has inspired many entrepreneurs to revamp their existing businesses; if you are one of them and want to forward your transportation business in the digital market, the following are the best solutions to opt for,
- Eber is one of the best platforms to automate your taxi business as it comes with a plethora of features and propels your business quickly.
- Taxi Pulse is another platform for those entrepreneurs who are looking for automated solutions with smart mobility.
People’s search for convenience and comfort has ended with the invention of the internet and smartphones.
So without any ado, let’s discuss which ten apps are performing well across the globe. Read on.
The Top 10 Taxi Booking Apps: It’s Time to Learn Them All
It has been an upward trajectory of growth for the cab booking industry for the past few years.
The explosive growth of online cab aggregators has encouraged many young entrepreneurs to consider making their own taxi booking app. Here’s the list of the top 10 taxi services across the globe.
Let’s start with giant Uber itself.
Uber – Pioneer of the Ride-sharing Market
Uber is a San Francisco-based app for connecting riders and drivers. The service lets users book a taxi, schedule rides, carpool, share trips, add stops between rides, and more.
With more than 93 million active users, Uber completes 1.44 billion rides annually and achieved the top name in the ride-hailing market.
Ola – Indian Taxi Player
Based in India, Ola is one of the best taxi booking apps. It offers the fastest travel options in a couple of clicks.
Users only need to download the app, and they are good to go.
Moreover, Ola cab is developed with GPS so that users and drivers can track their location in real-time and offer a lot of security features to customers.
Lyft – Taxi Booking App In USA
Lyft is a US-based taxi service app development company operating in more than 60 cities nationwide and is one of the best options to make ride-hailing safer, easier, and more convenient.
Lyft wait times average just 6 seconds on average. Furthermore, it offers three options: Lyft, Lyft Plus, and Lyft Line, which users can use individually or in groups of six.
Hailo – Available in the UK
Since its launch in November 2011, Hailo has grown to become one of the UK’s fastest-growing online taxi services.
Their app can be used anywhere in the world, and the service is available in more than 20 cities, including London, Spain, and Osaka. It is also available in Ireland.
Gett – Israel-based Startup Unicorn
Israel’s Gett taxi-hailing application is available in the United States, Britain, Russia, and Israel.
Sources estimate that Gett accounts for about 20 million annual riders as a closely-held company, but the company doesn’t reveal its figures.
Instead of employing drivers or owning taxis, Gett connects riders with drivers and earns commissions by charging a fee for the service.
Curb – Request and Pay for Taxis in the USA
Taxi Magic has been rebranded as Curb and allows users to book and pay for a cab via their phones.
Additionally, the company operates in more than 65 U.S. cities with over 50,000 riders.
Skilled drivers, safety features, and amazing deals make Curb a popular name in the online ride-booking market.
Easy Taxi – Brazilian Company
The Easy Taxi service was founded in June 2011 in Brazil. Designed with the primary aim of making taxi services accessible and affordable to everyone, the name itself conveys that the company prioritizes making getting a taxi as easy as possible.
Easy Taxi is expanding its service.
Currently, the ride-hailing app is available in 30 countries and covers 400 cities around the globe, with 17 million users around the world.
Grab – Singapore Based Ride-sharing
Singapore-based, Grab helps commuters to reach their destinations and connects them with nearby drivers.
In addition to finding every detail, Grab allows the user to find the driver’s information as well. Similarly, the app makes it possible to make a payment online or via a bank card.
inDriver – Cost-effective Ride Option in USA
inDriver is one of the top five ridesharing apps in the world. Among the top 3 in numbers of downloads for this category, the company now provides services in more than 31 countries.
Apps for iOS and Android are widely available and used by both drivers and passengers.
Didi Dache – Chinese Ridesharing Service
Didi Dache was formed by merging China’s two most popular ride-hailing apps. Alibaba and Tencent, two of the world’s largest web companies, support the new company.
Didi Dache has over 300 cities in China, making it one of the most popular taxi apps in the country.
There is only one version available in Chinese. Didi Dache has the advantage that it can also be accessed through WeChat, the famous messaging app created by Tencent.
Both iOS and Android applications are available.
In Conclusion
Due to the advancement of technology, most major businesses, such as Uber and Ola, are entering into this lucrative industry.
By leveraging smart solutions and enhancing sustainability, fleet owners and taxi companies can build a winning proposition with their taxis.
There are many online taxi services available in the market now that are coming up with unique features and competing with one another.
If you also want to be a part of this growing market, this is high time to press all the buttons.
Author bio
Deep Moteria
Deep is an aspiring entrepreneur and Co-founder of Elluminati Inc. Deep having led 75+ startups on the right path with their information-admiring entrepreneurial skill and guidelines.
Along with that he loves to craft content on topics including the on-demand economy, ground transportation industries, entrepreneurship, technology trends and many more.
