The online ride-hailing market is on an upward slope of growth. With promising success in all the popular countries around the world, it’s evident that this segment will witness more innovation in the time to come.
As a result, it’s hardly any surprise to see so many entrepreneurs eager to build their own version of an Uber-like ride-hailing app. But as in any other market, success here is rarely guaranteed. Business owners must do their homework before jumping on the ride-hailing bandwagon. That includes analysis of both audience and competitors in a target market, identifying the key differentiators to gain traction and major streams of revenue to sustain the business.
In recent years, the ride-hailing market has broadened its reach to some popular on-demand services such as commercial vehicle reservation, college students cab sharing, ambulance service, airport taxi, medical taxi, kids taxi service, and commute taxi.
The infographic below offers useful insights into the current state of the ride-hailing market, the dominant players, their business model and the essential features necessary to launch a successful ride-hailing mobile app.
Disclaimer: The Blog has been created with consideration and care. We strive to ensure that all information is as complete, correct, comprehensible, accurate and up-to-date as possible. Despite our continuing efforts, we cannot guarantee that the information made available is complete, correct, accurate or up-to-date. We advise - the readers should not take decisions completely based on the information and views shared by FATbit on its blog, readers should do their own research to further assure themselves before taking any commercial decision. The 3rd party trademarks, logos and screenshots of the websites and mobile applications are property of their respective owners, we are not directly associated with most of them.