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Uber like App Development - How to Enter the Lucrative Ride-hailing Taxi Market?

Discussion in 'Uber Drivers Forum' started by jennifer atkinson, May 14, 2019.

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  1. jennifer atkinson

    jennifer atkinson
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    The traditional ecosystem is witnessing a tectonic shift from hailing cabs to convenient on-demand solutions. The shift is caused by rising smart-device sales coupled with next-generation millennials. These specialized online platforms predict demand and match the same with ease.

    Ride-hailing market stats
    • Revenue in the ride-hailing division amounts to $82,437m in 2019
    • Revenue is projected to grow at an annual rate of 12.8% (CAGR 2019-2023)
    • Projected market volume of $133,473m by 2023
    • User penetration in 2019 stands at 8.1% and expected to hit 10.6% by 2023
    • China generated the most global revenue ($35,589m)
    How to enter this lucrative business?

    Developing an app from scratch is an expensive and time-consuming affair. The Uber clone app comprises all the advanced features matching leading service providers. The app is 100% customizable and saves you both time and cost.

     
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