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Ever since rise and popularity of Uber, ride sharing and cab hailing mobile applications has seen a surge in market value and number of customers. It is estimated that by 2020, over 600 million users around the world will use cab on a daily basis.
In 2019, Uber will complete a decade in the market, yet cab and ride sharing mobile applications are still in demand. What’s are the main reasons behind mobile app development for location based app like Uber?
The on-demand service sector for anything from cabs to food and medicines has seen a sharp rise in developed and developing countries. A lot can be associated to the boom in online marketplaces, change in transport and the ease of availability which has resulted in economy growth! Here’s a deeper look into why the popularity won’t end just yet:
1. Customer behaviour: 6 out of 10 people are open to booking a cab via a mobile app today as opposed to just 3 people in 2016. That’s almost a double jump for the customers in the market which has resulted in more demand and penetration. Not owning a car is no longer a problem, calling and sharing a cab is easily available and thus the market keeps seeing new players and demand for location based cab apps development like Uber keeps increasing.
2. Technology: From a simplistic booking based on geolocation to live tracking and payment integration, the technology to build a mobile app like Uber has grown. Today, a business owner with a plan to launch a new cab hailing mobile can get the app developed from a good company and launch the app in few months. The customer on the other hand, not only gets to have more choices, but also experience a smooth app developed by using latest technology!
3. Security: Gone are the days when you were advised to not to get into cars with strangers! Today, cab sharing or pooling is popular amongst the crash crunched millennials. This is possible because of the regulation and security measures taken by companies ensure safety for travellers through a SOS feature in mobile apps.
Predicting the future of on-demand location based apps like Uber
Well, the transport industry itself can experience a massive change in the upcoming decade with the introduction of self-driving cars. Today the cab sharing market is fuelled by customers as well as the drivers. Would this continue? Only time will tell.
If you are an enthusiastic business owner with a mobile app development like Uber requirement and ready to disrupt the market, you can contact us for a 360-degree solution for cab and taxi location based application!