The inception of Uber in 2009 brought about a paradigm shift
in the way riders received a ride altogether. No longer did riders have to wait
for an endless duration of time in order to avail of a ride and travel from
Location A to Location B. As soon as
they entered the application and booked a ride for themselves, the rider would
receive a ride at their doorstep in just a matter of a few minutes and could
reach their desired location quickly as well as efficiently.
The ride-hailing service provider also helped the
ride-hailing and ride-sharing industry at large in increasing its overall
growth in revenue along with witnessing an increase in the user penetration
Let us observe the same below with the help of the figure.
How Ride-Hailing App has Increased Revenue and
User Penetration of the Ride Industry
According to a report by Statista, it has been stated that the current revenue generated by the ride-hailing industry is around 183,677 million dollars and is expected to grow at a CAGR of 14.8 percent during the period of 2019-2023 and result in a market volume of around 318,765 million dollars by the year 2023 approximately.
The report also went on to suggest that currently the user
base in the ride-hailing industry is around 13.5 percent in 2019 and is
expected to become 20 percent by the year 2023.
All these figures are in fact enough to suggest the promising and flourishing future of the ride-hailing industry courtesy the presence of solutions such as the ride-hailing apps.
Popularity of Ride-Hailing Apps Among New Entrepreneurs
The solution has also gone on to motivate budding entrepreneurs keen on digitizing the services of their ride-hailing industry to adopt similar solutions for their industry so that they can smoothly deliver a unique ride experience to the riders and gain exceptionally high profits along the way.
So, the question that comes to the mind besides having a solution with some of the most unique attributes to help the rider and the driver both, what is a solution that can help the industry at large to manage, streamline as well as automate their daily organizational activities altogether? Well, the answer to this question is the taxi booking software: easy-to-access admin panel with high functionality.
So let us discuss about this solution a little in detail first.
Taxi Booking Software: Easy-to-Access Admin Panel
with High Functionality – Introduction
The software has been exclusively prepared for budding
entrepreneurs who are in the process of either starting their taxi industry or
digitizing it. With the help of this solution, the industry owner can manage
the profiles of the driver and the rider, both, keep track of the progress of
their ride-hailing solution, block those drivers as well as riders who
constantly cancel rides and finally, keep track of the commissions that they
earn, to name a few.
The solution also plays a vital role in managing the
invoices and bills of the rides availed of by the rider along with updating the
details of the business, altogether.
So, the final question worth asking is, is the software a win-win idea for the taxi business owner? Well, the answer to this question is yes.
How Taxi Booking Software is Win-Win Solution
As the software helps the taxi business owner to independently run their business and keep track of every single operation, it becomes thus a must-have for the ride-hailing and ride-sharing industry at large.