Taxi Booking app – Coruscate Solutions https://www.coruscatesolution.com Custom Website Development Company Sat, 28 Aug 2021 13:08:39 +0000 en-US hourly 1 https://www.coruscatesolution.com/wp-content/uploads/2019/05/favicon_864edbf3ffd8d240f22ad0efd9a190c7-60x60_d5dff2c2ec67fb43259dd3f73efaacd5.png Taxi Booking app – Coruscate Solutions https://www.coruscatesolution.com 32 32 How We Prevented App Performance Degradation from Sudden Ride Demand Spikes? : Taxi Sharing business tips https://www.coruscatesolution.com/taxi-booking-app-development-and-business-tips/ Sun, 08 Mar 2020 08:00:42 +0000 https://www.coruscatesolution.com/?p=22527 When the factors responsible for particular service change, it effectively affects the demand of the service. During the summers, there is a surge in the demand for AC servicemen. Similarly,…

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When the factors responsible for particular service change, it effectively affects the demand of the service. During the summers, there is a surge in the demand for AC servicemen. Similarly, when it pours, the demand for on-demand cab services increase. There are certain set factors that produce the demand. Your app needs to modify itself to match the surge in demand.

However, we have often seen how during a peak sale season, the ecommerce stores tend to receive maximum footfall but, they are not able to match the increasing demand. The servers fail and in certain cases the malware hits them badly, thus leading to poor experience.

Grab, a startup offering unmatched on-demand services, recently experienced a surge in demand when the rains poured in SouthEast Asia. This led to an increase in the on-demand taxi services in the particular location. The engineers, handling the backend of the cab service, seemed to have a tough day managing the peak hour traffic during this time, which lead to experience issues. Eventually, Grab found a way to manage the demand, and understood that they need to understand the factors responsible for performance of the app as well as increase in demand. 

Here, we will take you through the steps Grab took to manage the demand, and how the developers enhanced the app performance.

The Challenges Grab Faced

  • The company had to note all the events that led to an increase in the demand. For instance, there were local events during which the public transport, especially cab services were in demand. Secondly, in case the local transport broke down, people preferred using the cab. The company had to keep tab on all the conditions that led to the increase
  • During surge, there was a lack of available drivers, which led to issues managing the traffic. The increased load and the lack of availability to manage the load led to situations that affected the app performance.

 

What Grab taxi booking app did to Manage the Demand Spikes? 

 

The company was clear they wanted to manage the increase in demand without affecting the app performance, and they did it. 

  • Worked on a concept: The initially worked on a concept that was similar to circuit breakers. The concepts were short circuiting and adverse conditions
    • In case of short circuiting, the app would perform minimal processing on a particular booking made by the customer, which would eventually reduce the load on the system
    • Adverse conditions would involve a large number of unfulfilled requests for a particular service within a small period of time for a particular location.
  • Designing the Filter: Based on the above concept, the designed a Spampede filter, which helped them manage the traffic spikes
    • The first aim of the company was to identify the requests that have not been allocated by the app. This could be owing to unavailability of the drivers in the particular location or because of overload on the server
    • The app backend then tries to go precise with the location using particular algorithm, already fed into the system. The app is not using any smart technology or sensor for the particular algorithm. They have utilized ways in which CPU efficiency can be increased and the memory usage reduced. The aim is to make an algorithm that is efficient and fast
    • The next is to calculate the time for the requests. For instance, the requests are ever-evolving and the factors affecting them like traffic, driver availability and passenger needs change. That’s why the app needed an effective way to manage the unallocated requests and identify the time stamp for the same. They used Unix Timestamp, as it is efficient and saves a lot of time and CPU processing power.
    • Once the timestamp and location have been identified, using Redis key the app keeps a track of the unallocated requests
    • The idea is to allow the app to go live again when there is capability to allocate the requests. The app will keep studying all the factors and parameters, comparing them to the Spampede parameters. Once the maximum limit has been reached, the processing will be stopped. Till then, the allocation for the requests will continue.

Lessons to Learn from Grab for Taxi booking app development

 

Grab has evolved and has learnt to manage the growing traffic. There are terrific lessons that you can gain from this algorithm that they built to manage the traffic.

  • Keep Evolving: Once you have defined an app solution, it doesn’t mean you have done it all. You will keep learning on-the-go, while your app is being used by the customers. That’s precisely why you should not stagnate with app development. As a company offering on-demand services, you will feel challenged multiple times. You will learn from your experience, and you need to incorporate the learning to devise the new app version. 
  • Design for Experience: The users of your app need to stay engaged and should enjoy a good experience, if you want them to stay on your app longer. However, if you are not able to manage the demand or, you are unable to offer them the experience they are looking for, then you will not be able to retain them longer. Always, design for the experience of the users. Understand how they use the app, what type of usability factors are important for their engagement, and accordingly design the mobile app solution
  • Enhance Performance: The key to user engagement and growth of your business is performance. Make sure you have minimal to no downtime with your app. The users should be able to access and avail the app services at all times. This will help you increase customers and conversions for your business.

Summing Up

Grab is one of the leading on-demand mobile app solutions and Taxi booking app solutions because they keep looking for gaps in their service, request for customer feedback and work on them to deliver impressive experiences. They changed the algorithm and instead of increasing the CPU processing, they improved their efficiency.

Taxi-app-demo

If you want to deliver on the engagement needs of your customers, then you need to keep upgrading your app solution and manage the increasing demand and evolving needs. Coruscate is an ideal technology partner, as we offer capable solutions with our expertise and experience. With in-depth industry expertise and research on the usability needs, we offer engaging apps.

If you have an on-demand app idea or thought to start ride sharing business, connect with us for capable solutions.

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]]> How to build a profitable payment infrastructure which processes millions of payment transaction requests in a day, like Uber? https://www.coruscatesolution.com/taxi-booking-app-payment-infrastructure/ Fri, 17 May 2019 13:49:12 +0000 https://www.coruscatesolution.com/?p=18861 Taxi app development is a complex task. All modules of the taxi app should be reliable, scalable and flexible to deliver an impeccable experience to the users. Top ride-sharing companies…

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Taxi app development is a complex task. All modules of the taxi app should be reliable, scalable and flexible to deliver an impeccable experience to the users. Top ride-sharing companies are regularly updating their apps and powering apps with the cutting edge technologies which support high speed and high scalability at the same time.

One of the most important modules of the taxi app is its payment module. Building a robust payment infrastructure demands the highest ever accuracy. Multiple payment methods and the need for more scalable payment infrastructure are making it more difficult. However, with the proper use of APIs, SDK and payment processors, taxi app development companies can put together an almost error-free payment infrastructure for the taxi app. One of the top ride-sharing companies, Uber is handing more than 15 Millions payment transactions in a single day, thanks to its next-gen payment platform.

In this blog, we will discuss the importance of the precisely integrated payment module in the taxi app, the problem associated with the payment infrastructure, and how Coruscate Solutions can engineer a scalable and reliable payment infrastructure for your taxi app.

Why payment infrastructure of the taxi app should be as error-free as possible?

As we have discussed earlier, the payment module demands the highest ever accuracy. Even a small bug in the payment module of the taxi app can lead to a big financial loss. A top taxi app development company like Coruscate Solutions can build payment infrastructure in such a way that it prevents lack of payment, duplicate payment, incorrect currency conversion, incorrect payment, and dangling authorizations.

Following is the graph from the Uber’s Payment Platform Engineering Team, which clearly depicts how a small bug in your taxi app’s payment module can harm you financially.

How to build a profitable payment infrastructure which processes millions of payment transaction requests in a day, like Uber?
The graph represents three scenarios. After studying these scenarios, you will get to know why it is devastating even if a taxi app development company narrowly missed an approach to build a payment infrastructure which is as error-free as possible.

Table 1 taxi paymentWhat is the major problem associated with the taxi app payment infrastructure and what is the solution for it?

To understand the major problem associated with the taxi app payment infrastructure, we will first understand the concept of PSP and payment gateway. PSP (Payment Service Provider), which we generally refer as Payment Processor, is nothing but the processor which handles payment from the various channels like credit cards, debit cards, Apple pay and Google pay. On the other hand, payment gateway transfers the payment related data to the payment processor from the server of the taxi app. Though a single payment processor does its task perfectly, a few ride-sharing companies prefer to establish payment infrastructure with more than one payment processor.

The problem associated with the taxi app payment infrastructure is related to the duplicate payment. For example, you attempt to pay $15 by credit card. Payment gateway A sends that data to Payment processor A and Payment processor A processes the payment. But due to the connection error, the acknowledgment message can’t reach to you. Since you haven’t received any acknowledgment message, you try to pay again, by using Android pay method. You pay the money, payment gateway B sends the data to payment processor B and payment processor B processes the payment. In this way, you are charged twice, which is, of course, not a pleasing moment for anyone.

However, a few top taxi app development companies know how to fix this problem. To solve the duplicate payment proble
However, a few top taxi app development companies know how to fix this problem. To solve the duplicate payment problem, they are bringing in the storage option. The memory unit stores each and every payment request. It also tracks every request and response before making the call for another request. In this way, it prevents the call for the second payment request until the payment gateway doesn’t get the status of the first request from the payment processor.

Now, let’s understand how Coruscate builds a complete payment infrastructure like Uber which offers high scalability and handles more transaction requests than others?

How to build a complete payment infrastructure for taxi booking app?

In order to get insight into Coruscate’s expertise, assume a scenario where a user pays by using Google pay method. To make it simpler, let’s divide the payment process into two – the client-side processes and server-side processes.

Talking about the client side processes, when a user installs the taxi booking app, the app asks for the personal details. With the personal details, the app also asks for the preferred payment method. Once the user adds the payment method, the app creates the payment profile of the user which contains the data of the preferred payment method and a unique ID. Now, whenever a user attempts to book the ride, app crawls through payment profile and many other processes. But it all happens on the server side.

How to build a profitable payment infrastructure which processes millions of payment transaction requests in a day, like Uber?

When a user books the ride, the app fetches the payment profile. App has the payment profile in the form of ‘nonce’ which is a one-time usage token. In the next step, it sends the pick-up request with the data of payment profile to the server. The server contains payment gateway which exchanges the payment information with the payment processor, Braintree. It sends a token back to the server. It also confirms the user’s credit and shares the credit report with the server. If the user has enough credit to pay the fare, the server confirms the pick-up request. Here, Braintree, a payment processor is the deciding factor. It is responsible for transferring the amount from the user’s bank account into the taxi app owner’s bank account. Braintree is one of the most popular payment processors. Companies like Uber and Airbnb are using Braintree payment processor to streamline their payment processes. The payment processor is not only making the payment process efficient but avails app owners to earn more revenue. To justify it, let’s understand which challenges Uber has overcome after migrating to Braintree.

How Braintree helped Uber to be a billion dollar company?

There was a time when Uber’s payment infrastructure was not enough capable to convert currencies in the real time. Due to this limitation, users of the European countries had to pay in US dollar, rather than in Euros. This lack of compatibility was annoying the users. But after Uber adopted Braintree payment processor, Uber witnessed a magnification in the number of users like never before. Following graph depicts the unbelievable increase in the number of users after Uber rebuilt its payment infrastructure.

How to build a profitable payment infrastructure which processes millions of payment transaction requests in a day, like Uber?

 

Braintree payment processor supports all popular payment methods like Google pay, Apple pay, Bitcoin, Paypal, all credit cards and debit cards. It also endows the ability to charge in 130 different types of currency.

Apart from the Braintree, there are many other payment processors too.

An overview of the top payment processors which you can use for your taxi app

As we have discussed earlier, the payment processor plays a big role in the success of the app. It does not only make the payment process productive but also helps app owner to earn more revenue. However, choosing an equitable payment processor is always a hard task. But a genius taxi app development company like Coruscate Solutions will surely come to aid and choose the best suitable payment processor which suits your needs.

Stripe

Stripe is the USA based company which allows individuals and businessmen to make and receive payments over the internet. It offers fraud prevention and banking infrastructures which are required to run an online payment system. It supports different payment channels like cards, wallets, and local payment methods. It also offers an easy invoicing feature. The transaction fee of the stripe is 2.9% + 30 cents per transaction.

Paypal

Paypal is another USA based company which is providing a secured payment processor and payment gateway for the online transaction. Paypal is charging the same amount as Stripe, but it charges extra for the services like international cards, recurring billing, advanced fraud protection, and micro-payments.

To get the idea of top payment processors in a more comprehensible way, please refer the following table which represents all important details that you should know.

What are the benefits you can derive from the payment processors?

The payment processor is certainly the driving force behind popular mobile applications. There are many business advantages of the payment processors which you as an app owner should never neglect.

  • A payment processor enables users to pay through different methods.
  • Users will get payment receipts directly to their inbox.
  • Payment processor also makes the online money transaction secured.
  • With the proper payment processor, you can charge the customer in their local currency.
  • Users can also pay, using international credit or debit cards.
  • A refund can be easily performed.
  • You can maintain and track all of the payment details in a more structured way.

So, if you are looking for the taxi app development company to develop a payment integrated taxi app, contact us today for the free consultation.

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How to start your own taxi booking business – a guide https://www.coruscatesolution.com/things-to-know-to-start-taxi-booking-business/ Wed, 15 May 2019 12:26:46 +0000 https://www.coruscatesolution.com/?p=18843 Want to start your own taxi booking business or want to grow your taxi rental business? In this blog read how to can start or grow your taxi booking or…

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Want to start your own taxi booking business or want to grow your taxi rental business? In this blog read how to can start or grow your taxi booking or taxi rental business by creating an app with Coruscate.

Taxi booking apps are growing everywhere like mushrooms. The mobile technology has made them even more in trend. The taxi businesses now can be run just through an app. There are already major players in the market like Uber and Lyft. Now, the question arises for a startup that amidst so many players, are there any chances for the newbies to join the taxi booking business. There are already so many good ideas in the market. However, you need to find what is missing amidst them. The businesses run on the uniqueness of the ideas. As the technology is advancing rapidly, there is a fair amount of possibility of your indigenous idea wooing thousands of customers in some corner of the globe.

Uber started in 2009 with an idea but soon it started checking out the trends and adopted different techniques to keep their business growing. As they started the shared taxi, they thought of solving the issue of daily commuters regarding costing od taxis. With this idea, they captured a niche market segment. In the same way, other taxi booking service, Ola started to capture the commuters who couldn’t afford the luxury ride and offered the commuters the normal cost-efficient taxi.

So, if you have some unique idea, that is what will help you to establish your business in the era of competition. Once you are an established business, you can spread your wings in all the segments and start competing with the giants. A major consideration that will take your taxi business forward in the world of technology is effectively adapting the taxi booking apps.

You must make sure in advance that your taxi booking business should have some feasible goals.

So, before starting the business, you need to have the answers for the following questions:

The Scope of Taxi service industry :

Below is the on-demand transportation market by, type, 2014 – 2025

If you are thinking about starting a business, you need to make sure you are clear with the scope of the business. The scope is nothing but opportunities all around the world. You need to find out the present and future opportunities and the growth expected in that particular business. You have to dig deep down into the market scenario to check out the future possibilities in the taxi booking business. Take a survey which can help you to find out the present and future scope of the business in your area.

Top competitors in Taxi service business :

Check out the competitors and their details. You need to find out who they are, for how long they have been in the market, what is their turnover, how do they work, how is the graph of their growth, etc. You need to keep a tab on the strength and weaknesses of those competitors. Once you get to know their weaknesses you can target those areas for providing improved services and built the strength of your business for the same. You can plan a perfect strategy to convert their weakness into your strengths.

Are there enough people to use your services in your area?

By doing the survey of the area, you can get to know if there are enough commuters who can use your services or not. If you start your business without checking out the number of people who can use your services, you might end up incurring losses. Choose an area in which there are less public transport facilities available and where your business can actually get customers. Think about the long term goal and do proper research regarding the number of customers using your transport.

Now, once you have the clarity regarding these questions then the next step is to build an online taxi booking app.

You need to chart out the requirements before sending it to the app developers.

During the app development, the development company must follow two crucial parameters:

1 Transparency:

In order to develop a really cohesive taxi booking app, development company should follow a complete transparency regarding their process and their pricing structure.

2. Speed and efficiency in hiring a cab:

There are a number of customers who need to hire a taxi on an urgent basis. While there are also some drivers who are idle and looking for customers. Your app should connect the drivers and the customers to solve their problems and give them both a friendly solution.

There are three points to keep in mind for the highest amount of customer satisfaction:

  • The app should be user-friendly and provide benefits to both the passengers and the drivers.
  • Make sure all the features are easily available to the customers.
  • The app has to be competent enough to calculate the fares for the users.

Make sure, you take care of the passenger safety, customer convenience and solve the customer grievances. Go for driver verification process before you hire them for your taxi business. Educate the drivers with technology and how to use the app. Also, make sure the driver behaves well with the customers and provides them with the best customer service. This will help you to keep your customers loyal to you. And this will also definitely help to make your business successful.

The cost of development of a taxi booking app depends on the features and the time taken to build an app. You should not depend on the readymade scripts for any of the app development processes as the App Store does not allow putting a clone of any app in the list. This might end up deleted or you might not get enough customers. So, always go for fresh app development.

Here is a cost to develop taxi booking app with basic features :

Taxi app development price/cost
We, at Coruscate, can help you to build an app which can make your business successful and get you a greater audience reach. We have the expertise to develop apps that have amazing user-interface with unique features. If you have any further queries regarding the taxi app development process, you can connect with us through the contact us form. Or click below to get free taxi app demo.

e scooter app demo

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Build Gett Like Taxi App : Gett is getting ready for the IPO in 2020, you can be the next with taxi booking app development https://www.coruscatesolution.com/build-gett-like-taxi-booking-app/ Wed, 08 May 2019 12:58:53 +0000 https://www.coruscatesolution.com/?p=18760 Gett is different from Uber and Lyft as it offers the rides at completely flat pricing and works with licensed taxi drivers. The Israeli startup does not use surge pricing…

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Gett is different from Uber and Lyft as it offers the rides at completely flat pricing and works with licensed taxi drivers. The Israeli startup does not use surge pricing or unlicensed drivers which is a surprising fact as this does have its competitive drawbacks. The surge pricing has a hidden advantage of encouraging more and more licensed drivers to be on the roads during peak timings. But, even without these advantages, Gett is gearing up for an IPO next year. That means, the industry sure has a lot of opportunities for the startup ventures who can have their own weapons sharpened with a taxi booking app development.

Let’s get into the details of Gett expansion at various locations. Gett is giving a tough competition to Uber on the streets of the UK. It is operational not just in London but also in Edinburgh, Manchester, Birmingham, Liverpool, Glasgow, Leeds, Oxford, Cambridge, Reading, Slough, Milton Keynes, Brighton, Bristol, Bath, Cardiff, Portsmouth, Bournemouth, Leicester, Coventry, Sheffield, Nottingham, Bradford, Hull, and Newcastle.

Ever wondered what’s the difference between all the taxi booking giants available as Uber alternatives in the market? Let’s discuss it here.

Whether it is Hailo cabs running in London, Lyft at their best or the Gett cabs with flat-rates, they all have some or the other feature which can help them in overtaking Uber. Let’s discuss the competition by highlighting the services provided by different companies.

Uber

Uber disrupted the taxi industry in 2009 by bypassing traditional licensed cabs and allowing customers to book their cars right from smartphones. They also allowed the users to pay via their pre-stored credit cards and other payment wallets right through the app. Uber doesn’t own the cars or directly employ drivers. But they just match up the demand of their users with the Uber technologies. However, the premium car service has turned into one of the biggest car services on the planet. Uber offers a larger range of services starting with Uber X service up to the high-end Uber Luxe. They also have carpooling introduced as a part of their services.

Lyft

Lyft has a business model similar to Uber. But they have kept themselves confined to the US and Canadian boundaries. The company has kept a pink mustache as an identification symbol for its vehicles and they promote their drivers as friendly and verified. Lyft too has introduced carpooling in the US just like Uber and coincidently on the same day.

Hailo

In contrast with Uber and Lyft, Hailo provides taxi drivers with an extra business by connecting the customers looking for a cab using their app instead of relying on people standing on the streets or the taxi ranks. The Hailo app allows their licensed drivers to accept card payments along with the introduction of HailoPay and mobile app payments.

Gett

The flat pricing, working with licensed taxi drivers and prices dependent on Zones are what make Gett stand out from the list of its competitors. As the cities are divided into zones, the prices of travel stay almost the same regardless of any zone. The data to define these prices is analyzed in such a way that the cars run on a profit.

According to a report in Techcrunch, Gett has reached a valuation of $1.5 billion by raising $200 million and is getting ready for an IPO in 2020.

Gett has no plans of selling of Juno at all. In fact, here is a graph which shows that Gett and Juno have more vehicles running on road in comparison to Lyft.

gett-and-Juno-ride

Lessons to keep in ming to development taxi booking app from the taxi-hailing services war

Being a startup, you need to understand the oceans that you are about to dive into. So, it is better to learn the good and bad of business from others than incurring the losses yourself. The above taxi booking apps are known as giants in the industry and their business models can be studied in order to sustain the competition.

Here are a few lessons that you need to take into consideration while going for taxi booking app development:

  • People want to know the rates they are going to be charged beforehand. So, the taxi booking app should show the estimates when the user is booking a cab.
  • People need reliable taxi services. So, offering them friendly and verified drivers can make you popular.
  • The drivers should also make a good amount of money. If you care for your drivers they, in turn, will care for your customers.
  • The payments should be made easier by offering in-app payments through mobile wallets and credit cards.
  • Passenger safety is important. The app should have an SOS button with GPS enabled tracking system.
  • Passenger should be able to share their ride with others.
  • The app and cabs should be powered by IoT integration and Artificial intelligence technologies.

Being a startup, it is recommended that you don’t run after profits right when you start. Give your business some time and let the costumers become loyal to your cabs. Also, make sure you hire the right company to build your taxi booking app.

Cost of Taxi Booking App development

 

The cost of developing a taxi booking app depends on how many features you would like to have in your app and the time required for the development of the app.

However, you can refer to the below table to check out the estimated time and rate for a very basic model of taxi app.

Taxi app development price/cost

At Coruscate, we strive hard to build and deliver software that really works for our clients and brings a smile to their faces. We have a dedicated team of researchers who can help you out with the scope of your app and some new features to introduce to your customers. We can make an app with great user-interface and excellent features that can make your app land among the top ranking ones.

Our expert team of developers is capable of delivering a high-quality mobile app that can make you reach new heights. Click below for a free consultation session and for an app demo.

Get free app emo

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Build Didi Chuxing Like App – This China’s Uber, considers the safety of the passengers as an important motive for its taxi booking app https://www.coruscatesolution.com/build-didi-chuxing-like-taxi-app/ Wed, 08 May 2019 11:13:31 +0000 https://www.coruscatesolution.com/?p=18752 Want to build taxi booking app like Didi Chuxing for your taxi booking service business? Know Why is the China’s Uber? From the day Uber was launched, its popularity grew…

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Want to build taxi booking app like Didi Chuxing for your taxi booking service business? Know Why is the China’s Uber?

From the day Uber was launched, its popularity grew at a fast rate. Why? It spanned across 633 regions and more than 78 countries and reached almost every nook and corner of the whole world. The year 2018 has seen more than 50 million riders enjoying Uber’s world-class functionalities. According to the reports in Statista, Uber’s global net revenue is 7.5 billion U.S. dollars.

It does not come as a surprise why a number of other online cab aggregators are relying on entrepreneurs who want to start their taxi booking business. But, before you need to have a thorough knowledge of various apps like Uber and their business models.

Didi Chuxing is called the Uber of China and is an inspiration for the startups who wish to enter the taxi booking app venture. Let’s study in detail about the workflow, revenue model and estimate required to develop an Uber-like app or an app like Didi.

The company Didi Chuxing Technology Co. is a Chinese transportation company and a giant in the ride-hailing sector. The company is headquartered in Beijing. It is active in China as a taxi hailing, private car-hailing, social ride-sharing, bike sharing, and food delivery service provider for the people of China.

The company was formed by the merger of two rival firms Didi Dache and Kuaidi Dache. In 2017, Didi became the 3rd most valued startup company in the world and was valued at the US $4 billion. The company has a record of carrying 30 million rides per day.

Didi developed its English version in the year 2017 and started providing ride-hailing services under the brand called 99.

Why Didi’s Taxi Booking app is very popular in China?

Story behind Didi-rider

The CEO, Cheng Wei founded Didi Dache. He was inspired to create his own taxi hailing company as he found it was very difficult to catch cabs in China during rush hours. He even missed several flights because he could not hail a cab in time.

The app Didi Dache which meant beep beep call a taxi in English. The first version of Didi-rider allowed people to book a taxi immediately and later the app also allowed to book taxis for the next day.

The company had more than 55% of customers who used their smartphones to book taxis. However, due to the rivalry, both Didi Dache and Kuaidi Dache incurred losses. In February 2015, the Didi Dache merges with Kuaidi Dache. The major competitors of in the year 2015 for Didi Dache were Yidao Yongche and Uber. So, they wanted to make themselves stand out in the competition by introducing features like the ability to carpool, hire premium cars, hire designated drivers and use a special service for passengers with disabilities. As reported by Caixin, the company had 80.2% of market share in the car hire service. Later the company also invested in Grabtaxi, which is a taxi booking app in Southeast Asia.

Locations

Didi is currently active in Australia, Brazil, China, Japan, and Mexico.

Here is a graph showing the usage rank of Didi-Rider in Google Play store under all categories.

Below is a graph showing the ranking of Didi-rider in the travel category

Didi Chuxing- China’s Uber, considers the safety of the passengers as an important motive for its taxi booking app.
Didi Chuxing- China’s Uber, considers the safety of the passengers as an important motive for its taxi booking app.

Didi VS Uber

In the year 2013, Uber entered the Chinese ride-hailing market and lost $2 billion dollars while they were trying to compete with Didi Dache and Kuai di Dache. However, Didi announced in 2016 that they would acquire Uber China. The acquisition was valued at $35 billion dollars and with this, Cheng Wei also became a board member of Uber.

Recent Development

With the Softbank funding of $6 billion dollars in the year 2017, Didi announced closing a new financing round of $5.5 billion dollars to invest in AI-based technologies. This made the company worth more than $50 billion. They raised $4 billion to challenge Uber with their new Artificial Intelligence Technologies. Didi also took over Uber in Southeast Asia with more and more investment in Grab.

However, in an unfortunate incident of mugging, rape and murder case of a woman by the driver, Didi Chuxing officially suspended the Hitch services. Didi is now reforming its safety standards by reviewing their business model. They also announced an investment of $20 million in customer service even after incurring heavy losses.

The CEO, Cheng Wei introduced new rules for the safety of the passengers including a training program for the drivers and a tough verification.

But if you are looking for a startup venture in the taxi booking app, including only a few safety measures are not enough. If you wish to keep your passengers loyal, having complete safety in and out of your service is recommended.

Here is a chart for the cost of taxi booking app development with the estimate for basic features:

 

Taxi app development price/cost

Along with these features, you can also include some safety features into your app which can make your passengers feel safe while riding with you. We can design an app with a lot of safety features for your passengers.

Having an app with GPS tracker and SOS button can ensure the safety of your passengers. Along with the verification of drivers, you can allow your passengers to share their ride with their family or friends.

Our talented team of developers can design an app with amazing safety features which can make your ride-hailing service the safest one and you can avoid many of the unwanted hazards happening. We can design a taxi booking app powered by IoT and AI-based technologies which can make your service fully secure. The passenger will be secure physically and the payment integration gateway that we include can also provide the passengers’ safety for their money.

Click below to get a free demo and details about the taxi booking app development.

e scooter app demo

The post Build Didi Chuxing Like App – This China’s Uber, considers the safety of the passengers as an important motive for its taxi booking app appeared first on Coruscate Solutions.

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The Worldwide Market Scenario of Taxi Booking Apps by 2025 and the Factors That Drive Their Growth https://www.coruscatesolution.com/why-taxi-booking-app-development-is-important/ Tue, 07 May 2019 12:55:08 +0000 https://www.coruscatesolution.com/?p=18734 The last century has seen the car culture spreading over the entire globe.  All of us have been experiencing the absolute duopoly in the cab-hailing market unless you have been…

The post The Worldwide Market Scenario of Taxi Booking Apps by 2025 and the Factors That Drive Their Growth appeared first on Coruscate Solutions.

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The last century has seen the car culture spreading over the entire globe. 

All of us have been experiencing the absolute duopoly in the cab-hailing market unless you have been living under a rock. 

Between the global major Uber technologies, some homegrown ride-sharing companies at various locations and countries have conquered the streets, leaving little room for the new competitors to join. 

This fact is taking its toll on the regional cab aggregators which seem to be ready to give up on their dreams to become a part of the ride-sharing world. 

Many of the homegrown taxi aggregators that have managed to stay afloat are striving hard to do something that could gain them an audience. 

But the coming years seem promising for these small taxi aggregators.

Be it the passenger comfort or ease of booking, the global ride-hailing market is just not by any chance dying. 

There is a sure sign of a surge in the demand for ride-hailing services on a worldwide basis. But there are some recent reports that show a major shift in the industry.

According to the latest report, the worldwide global ride-hailing market is expected to grow at a CAGR of 21% by 2023. 

Current scenario of ride-hailing:

Without a doubt, North America is the highest contributor to the global market of ride-hailing, Asia-pacific ranging the second. 

In the year 2017, the global market for ride-sharing was valued at $36 million. 

According to the latest studies, it is projected to increase to $126 million by 2025. 

The valuations of the giants in the industry are as follows:

• Uber- 72 Billion

• Didi Chuxing- 56 Billion

• Lyft- 11.5 Billion

• Daimler- 7.1 Billion

• Grab- 6 Billion

• Ola- 3.8 Billion

• BlaBla Car- 1.6 Billion

But to the surprise, the scenario is soon changing with the acquisition of SPLT by Bosch and Sony’s partnership with Tokyo taxi. The development of technologies and the rise of AI is responsible for all the changes that will be part of the future. 

The growth of ride-sharing trends can be judged on the basis of a study in America which states that there are fewer Americans going for a driver’s license and instead opting for carsharing memberships. After considering this fact, we can see the future advancement of ride-hailing services. 

The pursuit of Global Dominance; the rise of New Players 

The ride-hailing trend is emerging in a futuristic landscape of shared mobility and it is proving itself worthy of providing quick, convenient, and cost-effective transportation thus satisfying the user’s needs. 

It follows the same taxi form of commuting but the ride-sharing business connects the rider and the driver in real-time through the app. 

This makes the user aware of the pricing in advance before confirming the trip and providing them transportation right at their doorstep. 

The business-side of ride-hailing platforms has provided huge opportunities for people seeking employment.

Factors that drive the growth of the ride-hailing service industry

The rise in the trend of on-demand transportation services

On-demand transportation services include taxis, passenger vehicles, and charter vehicles.

These services provide real-time feedback, tracking of the vehicle, and rating for service experience as an option for the riders. 

The ride-hailing services ensure that the customers are able to locate their rides easily and also track their journey as a safety measure. 

The taxi booking platform allows a user to compare the prices before booking one. 

Increase in employment opportunities

The taxi booking services are offering the drivers to work for full or part-time. 

More than 40% of drivers in America have opted to become full-time drivers for taxi booking companies. 

According to a report, Uber agreed that the company is creating more than 50,000 new jobs almost every month. 

The expansion of ride-hailing services like Lyft, Uber, Ola, Careem, Taxify, and others is expected to create many employment opportunities worldwide.

Increase in trend of mobility-as-a-service

People who do not own their own car or who do not wish to drive can always depend on taxi booking services and experience seamless travel through mobility services. 

According to the Bureau of transportation, the average cost to own a vehicle goes around $8858 if you travel 15K miles per year. 

But going for taxi booking decreases such costs for the users. 

It also provides improved utilization of transport services. Therefore, the digitally enabled ride-hailing and taxi booking seem to be the smartest way to manage travel needs. 

The process of taxi booking includes everything from travel planning to payments which are sorted through just a mobile app. 

There are some other factors which impact the ride-hailing service market :

The above diagram depicts the ride-hailing sector in the year 2017 and the expected growth in the year 2025. 

And as discussed above, there are certain factors that lead to the growth of the industry. 

However, due to the low rate of internet usage in some developing countries, there are chances of lowered usage of taxi booking apps in those areas. 

But, on the face of the world wherever there is digitalization, there is growth in the usage of these apps.

So, for the startups or the taxi aggregator who wants to expand their taxi booking business, there is no need to worry and wind up your dreams at all. The only thing that you need to do to take your business to the next level is going digital. 

COVID-19 is the major challenge for taxi apps. How to deal with it?

The entire taxi industry is suffering a great loss due to the pandemic. 

In March 2020 when coronavirus was yet to tighten its grip over the entire world,  Uber reported a drop of daily rides by 60-70% and a loss of a whopping $2.9 billion in the first quarter of 2020.  

Other popular taxi booking app Lyft experienced the same downward trend. 

However, they found a way to lock horns with the challenges raised along with the pandemic. 

Since Uber already had the logistic infrastructure and people are more likely to avoid a visit to the grocery store, it started delivering groceries and medicines to the doorstep of the users. 

It made us realize the power of the super app like GoJek that offers multiple services from the same app. 

If you are planning to develop a taxi app in 2020 or 2021, you should also explore the other modules such as courier delivery, food delivery, grocery delivery – from the same taxi app. 

This will not only generate multiple revenue streams, but it will also help you to cover a large customer base and give you a competitive edge over other competitors. 

Get an exclusive live demo of the taxi + courier delivery app and free consultation from our most experienced business expert 

We identified the taxi app market challenge before anyone else could. As a result, we successfully developed a cutting edge platform for taxi + courier delivery. 

With it, you can own, maintain, and pay for just a single app, but you will get a feature set of both apps (taxi + courier) in a single app. 

You will also get a free consultation to get started with courier delivery from the taxi app as you might not be familiar with such a business model. 

The platform we engineered is highly customizable. That means, our in-house developers and designers can easily add your unique features and UI. 

It is truly one of its kind, worth your attention. We don’t charge anything to show you the demo of the app and provide consultation.

Taxi-app-demo

The post The Worldwide Market Scenario of Taxi Booking Apps by 2025 and the Factors That Drive Their Growth appeared first on Coruscate Solutions.

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