The world has shrunk into smartphones and wide access to the Internet, and the apps reign supreme on these small screens. Such user-centric and mobile-friendly apps come in handy because you can forget your wallet anywhere but not the omnipresent mobile. As a result, apps dominate the digital world from ordering food, booking cabs, ordering medicines, and even groceries and transferring money.
Now that billion-dollar businesses are also into small screens, ride-sharing apps could be the magic spell for your conventional taxi business sales. One of the fastest-growing industries in the last few years is, perhaps, ride-booking apps. Uber, Ola, Gett, etc., have achieved tremendous success in the short time as it connects passengers with nearby drivers and allows them to book a cab for themselves.
The online ride-sharing market is growing by leaps and bounds, and getting a cab at a preferred location has never been easier, thanks to apps that connect a number of drivers to the same platform. Thanks to online cab booking apps that allow riders to book a taxi with real-time features and online payment facilities.
Online ride-booking apps such as Uber have been very positive, and they still have the potential to keep on growing, but first, business owners should have unique ideas. To win the online ride-hailing market already occupied by numerous giants like Uber, Gett, and DiDi, – your solution must offer a seamless ride booking experience and innovative features to attract users and win the market share.
In this blog, we will talk about what is Uber clone, some interesting ride-sharing facts, and why entrepreneurs should embrace Uber clones to create a strong foothold in this domain. So, let’s get started.
Market Size and Statistics – Online Ride Booking Market
The future of the online business is bright. To better understand the importance of taxi booking apps, we offer statistics revealing how technology impacts the taxi business. These stats shed light on how modern technology has immensely contributed to bridging this offline and online cab booking gap.
It is also expected that the online ride-sharing market will soon surpass offline ride booking. The global ride-sharing market is valued at an estimated $61 billion. And more than 25% of the entire US population uses ride-sharing at least once a month.
The online ride-booking market has quickly become a lucrative business globally, especially in first-world countries. The growing popularity of ride-sharing companies like Uber in Europe, the USA, and Africa has bolstered the industry’s growth. It now has a global worth of around $61 billion. This is a huge figure considering the industry barely existed a decade ago.
Uber alone makes up 69% of the USA ride-hailing market; Uber expands quicker and remains far ahead of other companies in terms of broad availability, and this is the reason why entrepreneurs want to have their taxi application for their existing transportation business as it would ultimately save you money that would have been spent on fresh research otherwise.
What is an Uber Clone?
Uber clone allows entrepreneurs to create an app with modern features to Uber but with their branding. It eliminates the need to start from zero while developing an app. There are many benefits to using the Uber clone, making the platform popular among taxi entrepreneurs.
Uber clone development requires minimal effort and does not require development to begin from scratch. Therefore, it is easy to launch. It consists of features that ensure a smooth booking experience and can even customize the features as per business requirements.
Advantages of Uber Clone
Many factors contribute to the growing popularity of Uber clone app development companies. The app is lucrative for investment purposes, but its users are also pleased with the level of service provided by these kinds of apps. In addition, using an Uber clone saves time, ultimately saving you money that would have been spent on other core business activities.
Let’s look at how the Uber clone provides amazing benefits to all the stakeholders involved.
- No hassles
- High security
- Round the clock service
- Real-time tracking
- Expand business network
- Flexible working hours
- No more bargaining
- Track the business performance
- Hire more drivers as per their requirement
- Brand marketing
- Commission on each ride
Taxi booking apps were envisioned as a solution to the booking platforms. However, what started as a simple booking service soon moved into a movement that has surprised the market. An app like Uber can make or break the taxi industry today, with dispatcher’s recognition being validated against user reviews on a particular platform.
This has also been one reason for the popularity of Uber-like the app as most of those booking cabs online or even scheduling the ride for future traveling purposes. This has made cab booking apps an opportunity that should not be overlooked. According to a recent post, online cab booking via applications is set to surpass offline channels in 2023. So with the market reopening for the taking, why get left behind?
Though the ride-sharing market is fascinating and full to the brim with opportunities for emerging startups, you need a feature-rich Uber clone and seamless platform to grab the share of this market. Don’t forget that the users already have other options, so they will come to your app only if they find something unique. So, thinking about your USP is the first step in building a Uber-like app.
This blog has given you an insight into the rise in popularity of the Uber clone. The chances to launch an app like Uber with minimal efforts thanks to the modern tech stack revolutionized the industry. Since many conventional taxi business owners are investing in this industry day by day, it will only become more popular among entrepreneurs, users, and drivers.