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1、The Growing Trend in the Taxi Industry.Demand,Trend&Forecast of Taxi BusinessWhat are On-Demand Taxi Services?Online taxi services are a form of Transportation Network Company(TNC)that uses mobile applications to connect passengers with drivers who use their own vehicles.Online Taxi Services Market

2、StatisticsOn-demand taxi services have become increasingly popular in the last decade due to three factors:convenience,affordability,and accessibility.The global ride-hailing&taxi services market size was valued at$196.05 billion in 2021.Growing at a CAGR of 11.34%,it is projected to reach$515.49 bi

3、llion by 2030.The number of users is expected to reach 1.45bn in the global ride-hailing segment by 2027.20222026$515.49billion$196.05billion20212030Top Players in Ride-Hailing Services IndustryThese companies compete on various aspects,such as service quality,pricing,coverage,customer loyalty,and d

4、ifferentiation5 Trends in On-Demand Taxi Services in 2023Adoption Of Electric Vehicles(Evs)Autonomous Vehicles(Avs)Artificial Intelligence(Ai)Cloud ComputingBlockchain5 Factors Driving the Demandsin Online Taxi Services IndustryRising UrbanizationTraffic CongestionSmartphone PenetrationEnvironmental

5、 AwarenessChanging Consumer PreferencesOn-DemandTaxi Services:Business Model At A GlanceTechnology teamAI/ML/Analytics expertiseNetwork effect(Drivers&Passengers)Brand name and assetsData and algorithmKey ResourcesDriversTechnology partners(API providers&others)Investors/VCsAdd more driversAdd more

6、ridersExpand to new citiesAdd new ride optionsAdd new featuresOffer help&supportRatings&feedback systemCustomer supportSelf-serviceHighly automatedMeetings with regulatorsKey PartnersKey ActivitiesCustomer RelationshipsPeople who dont own a carPeople who need an affordable ridePeople who need a prem

7、ium ridePeople who need a quick ridePeople looking for convenient cab bookingsPeople who cant drive on their ownCustomer SegmentsMobile appSocial mediaWord of mouthOnline advertisingOffline advertisingChannelsOn-demand bookingsReal-time trackingAccurate ETAsCashless ridesUpfront pricingMultiple ride

8、 optionsWork flexibilityBetter incomeLower idle timeTraining sessionsBetter trip allocationValue PropositionsFor PassengersFor DriversSalaries to employeesDriver paymentsTechnology developmentR&DMarketingLegal activitiesCommission per rideSurge pricingPremium ridesCancellation feesLeasing fleet to d

9、riversBrand Partnerships/AdvertisingCost StructureRevenue StreamsDigital PlatformRide MatchingRating&FeedbackRide-hailing companies provide a user-friendly mobile app or website as the central platform for passenger-driver interactions.Algorithms match passengers with available drivers based on fact

10、ors like proximity,ratings,and vehicle type.Passengers and drivers rate each other and provide feedback to maintain quality and encourage good behavior.Business Model CanvasPricing and PaymentRevenue ModelDriver NetworkDynamic pricing adjusts fares based on demand and factors like time of day and tr

11、affic conditions.Cashless payments are common,with passengers linked to their credit cards or mobile wallets.Ride-hailing companies earn revenue by taking a commission from each completed ride,usually a percentage of the fare paid by the passenger.Ride-hailing companies recruit and onboard independe

12、nt contract drivers who use their own vehicles to provide rides.Drivers have flexibility in choosing their working hours and accepting or declining ride requests.Expansion&DiversificationCompanies may expand services to include larger vehicles,motorbike taxis,food,and package delivery,or partnership

13、s with public transportation providers for multimodal solutions.Regulatory ComplianceCompliance with local regulations,licensing requirements,safety standards,driver background checks,and taxation obligations is necessary.Top 8Revenue Streams FromTaxi App Development ServicesCommission-Based ModelCh

14、arge A Booking FeeSurge PricingAdvertisingOn-demand ride-hailing services generate revenue primarily through a commission-based model where they take a percentage of each fare paid by the passenger.The commission rate typically ranges from 15%to 25%of the fare,varying by market and company.Some ride

15、-hailing services charge a booking fee for each ride,which is added to the total fare and collected by the platform.Fares are increased during high-demand periods.Cancellation fees for passengers who cancel their rides after a certain time frame.Display targeted ads within your app or collaborate wi

16、th brands for sponsored campaigns.Ventured IntoMicromobility SectorData monetizationSubscription PlansOr Membership ProgramsOffer subscription plans or membership programs that provide perks or discounts to frequent users for a recurring fee.Partnerships with BusinessesOffer electric scooters or bik

17、es for short-distance trips and earn revenue through rental fees and usage charges.Analyze and sell anonymized data to third parties,such as city planners or marketers,for insights and targeted advertising purposes.Collaborate with delivery services,hotels,airports,or event venues to offer exclusive

18、 pick-up and drop-off services and earn a fee or commission.4 Reasons!You Should Create Your Own Taxi App In 2023Increased Demand ForConvenient And Safe TransportationAs people need reliable and comfortable ways to travel,on-demand taxi services offer them flexibility,affordability,and security.0102

19、Reduced Operational Costs And Environmental ImpactSmart solutions such as GPS tracking,route optimization,fuel efficiency,and EVs save people money,reduce emissions,and improve customer satisfaction.Enhanced CustomerLoyalty And RetentionNowadays,data analytics and feedback tools allow for an easy un

20、derstanding of their customers needs and preferences and offer them incentives.0304Expanded Market OpportunitiesAnd Revenue StreamsNot only you can offer different types of services,such as ride-sharing,delivery,carpooling,and luxury rides,but you can also partner with other platforms for cross-sell

21、ing opportunities.Summing it up!With every passing day,innovation takes flight,revolutionizing the way we live,work,and move.From cutting-edge navigation systems to autonomous vehicles,the on-demand taxi industry is brimming with exciting opportunities.Let 2023 be the perfect time to ignite yourentrepreneurial spirit and steer your own on-demand taxi business toward triumph.If you need expert assistance withon-demand taxi app development,talk to us!+1 408-217-1185www.code-businesscode-The road awaits you start your engines and claim your destiny!