Taxi or Cab booking applications are turning out to be a popular application in view of the expanded request of users.Owing to the mobile app advancement, the world has succumbed to the exhausted use of android smartphone, which has pushed users to use online interface frequently in their day to day activities more often. These apps use software where the users can easily book a taxi whenever they want. App based on call taxi is a blessing in disguise as it offers a convenience and a feel of independence for the people who wish to have a comfortable journey without any hassle for public transportation. The invention of Uber and Ola like mobile apps have made a revolutionary and remarkable taxi business which makes users travel long as well as short distances with the ease of almost owning a car. Apps based on taxi are user-friendly and are easy for transaction both for the users or travellers as well as for the taxi drivers. These factors lead to theaugmentation of the market over the forecast period of 2017- 2025.
The global app based on-call taxi market is propelled by the rise of digitization in new markets like India where the demand for the app based on call taxi is increasing day by day as the app based on call taxi provides better services in comparison to other local taxi. The app-based call taxi have the capability to deliver satisfaction to their consumers by offering them reasonable fare according to the distance they would cover.The global app based on call taxi provides many benefits such as cash discounts for frequent users, and special offers during festive seasons and hence it has a positive impact on this market. Moreover, it offers friendly and quality services to their customers which is also an essential factor driving the market growth in Asia- Pacific region. It is noted that innovation of app and their trip types is an essential factor making the market demanding during the estimated period. Growing accuracy and reliability of app based on call taxi systems is amajor reason behind the growth of the app-based taxi market across the globe. Therefore, unremitting increasing of internet of things and raise in adoption of app-based taxi among the end- the user is expected to make a positive response onapp-based call taxi market.
The global app based on call taxi market in the report is segmented by car type which includes hatchback, sedan, multi-utility vehicle, and others. Based on the trip type, the market has been analyzed as an intercity point to point, intracity (daily usage), airport drop, and others. Moving forward the market is classified into services which includes location tracking, built- in maps & traffic data, fare calculation, payment system integration, and rating systems. Furthermore, the market is divided by end- user such as corporate business, individual, and travel agencies. Geographically, the market has been segmented into North America, Europe, Asia-Pacific, Middle East and Africa and Latin America
Increasing technological development on-call taxi in Asia-Pacific makes the region hold the largest market share. Uber has the largest market share in countries like China, Japan, Indonesia, India, Malaysia, and many more.The services of uber cabs offer economical fares across Asia whichmakes the market of app based on call taxi market more demanding in this region. Additionally, the major advantages which are attracting the consumers are their everyday services, convenient and skilful drivers and hence it leads towards the growth of the global app based on call taxi market during the projection period. Moreover,presence of large automotive industries in the U.S., Germany, Italy and France, has increased the demand for app based on call taxi market in North-America and Europe. New service development of cabs and increasing investment in the safety security for travelling from one place to another, further fuels the growth of the market in other regions.
However, price surging during the times of high demand for taxis, coupled with the absence of transparency in complex traffics and lack of awareness among the consumer may impose a restriction on the growth of global app based on call taxi market in the near future.
Some of the major players in the global app based on call taxi includeBlue Bird, Beck Taxi, Didi Kuaidi, Grab Taxi, Hailo, Line Taxi, Lyft, Ola, Royal Taxi and Uber.
Global App Based on Call Taxi Market: By Car Type
Global App Based on Call Taxi Market: By Trip Type
Global App Based on Call Taxi Market: By Services
Global App Based on Call Taxi Market: By End-User
Global App Based on Call TaxiMarket: By Geography