Global Taxi Booking Software Market Overview:
A taxi booking software is a method of assigning tasks to drivers who have registered with the program. This program makes it simple to handle automatic dispatch processes. Customers are matched with drivers in this method for trips up to a specified distance from the pick-up site. A taxi booking system is designed to make it easier for clients to order a cab and to assist taxi companies in maintaining their customers' data. The taxi dispatch system adapts to the user's choices and must deliver an amazing end-user experience. Every business function and earnings are mapped using real-time data reporting.
- Rise of Connected Technology
- Emergence of On-Demand Transportation Service
- Stringent Government Regulations may Affect the Market
- Increasing Demand due to Carpooling Taxi Service
- High App Development Cost
- Lack of Professional Driver is an challenge for Taxi Business
Companies are entering the industry through mergers and acquisitions, expansions, investments, new service launches, and partnerships as favoured tactics. The players are expanding into new geographies through acquisitions and mergers in order to get a competitive edge through combined synergies.
Some of the key players profiled in the report are Uber Technologies Ltd. (United States), AppDupe (India), FATbit Technologies (India), Mobisoft (United States), Space O Technologies (India), Octal IT solution (India), Codiant (United States), Enuke software (United States), RisingMax (United States) and Mindster (Aufait Technologies Pvt Ltd) (India). Additionally, following companies can also be profiled that are part of our coverage like ValueCoders (India), Devico Solutions (Ukraine) and Onde App (Belarus). Analyst at AMA Research see United States Players to retain maximum share of Global Taxi Booking Software market by 2026. Considering Market by Size, the sub-segment i.e. Small and Medium Enterprise will boost the Taxi Booking Software market. Considering Market by End-User, the sub-segment i.e. Taxi & Fleet Business will boost the Taxi Booking Software market. Considering Market by Deployment, the sub-segment i.e. Cloud-based will boost the Taxi Booking Software market. Considering Market by Solution, the sub-segment i.e. Hardware will boost the Taxi Booking Software market.
Latest Market Insights:
In August 2020 Uber Technologies Ltd released a statement announcing the acquisition of Autocab. Uber will be able to connect these riders with local operators that accept their booking via Autocab's iGo marketplace. As a result, operators should be able to expand their operations and provide additional earning possibilities to local drivers.
What Can be Explored with the Taxi Booking Software Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Taxi Booking Software Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Taxi Booking Software
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Taxi Booking Software market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Taxi Booking Software market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture and Capitalist, New entrants/investors, Analysts and Strategic Business Partners and End-use industries.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global Taxi Booking Software Market?
The Taxi Booking Software market is expected to see a CAGR of % during projected year 2020 to 2026.
2. Who are the top performing companies in Taxi Booking Software Market?
Top performing companies in the Global Taxi Booking Software market are Uber Technologies Ltd. (United States), AppDupe (India), FATbit Technologies (India), Mobisoft (United States), Space O Technologies (India), Octal IT solution (India), Codiant (United States), Enuke software (United States), RisingMax (United States) and Mindster (Aufait Technologies Pvt Ltd) (India), to name a few.
3. What trending factors would impact Taxi Booking Software Market growth most?
"Rapid Development of Eco-Friendly Electric Taxi" is seen as one of major influencing trends for Taxi Booking Software Market during projected period 2020-2026.