How Much Would It Cost To Develop Taxi Booking App?
For the Mobility and convenience of the workforce, taxi app development makes sense for existing businesses, startups, and even enterprises.
Don't you think taxi apps have started replacing traditional taxi services? People have started moving away from private transport modes and towards Mobility as a Service (MaaS).
To substantiate this claim, it should be noted that in 2017, Uber and Lyft completed approximately 35 million more rides in New York City than traditional taxis. Furthermore, Statista predicts that the global ride-hailing services market will grow at a rate of $126,521 million per year by 2025.
Due to the popularity of taxi booking apps, we want to show you how they're made. If you read this guide from beginning to end, you will be well versed with all the essential details.
Examples For Taxi Apps To Think About
Let's look at how the best taxi apps got their start and what sets them apart.
Uber
The history of this ride-hailing company can be traced back to Garrett Camp's UberCab, which was founded in 2009. Uber is now available in 630 cities and expands into new areas. This expansion takes place in several ways, one of which is the acquisition of similar services. Uber paid $3.1 billion in 2019, a taxi booking app based in the Middle East.
The service has a wide variety of categories to meet the needs of all users and budgets. They include UberPool, UberX, UberGo, UberBlack, and others.
Uber is still looking for new markets to enter. The company has recently started experimenting with parcel and food delivery. For food delivery in Beverly Hills, this includes UberFresh (not to be confused with UberEats).
Uber has evolved over time, and the costs associated with manufacturing it are difficult to measure. The cost of the Uber app, which includes the taxi driver app and passenger app, will be between $1M and $1.5M, according to RisingMax, based on Uber's initial funding round.
The development of the Uber taxi app cost a lot of money. The initial investment was several million dollars from nine investors. Consider this: Uber Technologies has raised more than $22 billion over the past nine years to develop its taxi booking app.
Lyft
The Lyft app was released in 2012, shortly after Uber. It started as Zimmeride, a long-distance ridesharing service that connects drivers and passengers via Facebook.
With a presence in over 200 cities across the United States, the Lyft taxi booking app is now considered a direct competitor to Uber. Lyft's distinguishing feature is its rating system, which ensures that only the best drivers are hired. In addition, the Lyft Taxi app has $1 million in liability insurance. In addition, Lyft is considered less expensive than Uber; You can expect to pay around $12 versus $16 for an Uber.
Grab
Grab is a popular taxi booking app in Southeast Asia, including Singapore, Philippines, Malaysia, Indonesia, Thailand and Vietnam. This taxi app offers a variety of ride options and payment options (one card, cash, grab credit). GrabTaxi, GrabShare, GrabHitch, GrabBike, or GrabFamily are the mobility options available to travelers. The user can expect to pay an average of $5 per ride.
DiDi
The DiDi taxi-hailing app is primarily available in China with over 400 cities and 550 million users. Express, Premier, Luxe, Bus, Designated Driving, Enterprise Solutions, bike-sharing, e-bike sharing, car rental, and food delivery are among the company's services.
Step 1: Define Your Objectives For Developing a Taxi Booking App
To start, decide what kind of taxi booking app you want to offer in the market. Taxi app development can include not only the creation of an app and related app development services such as Uber but also a transportation service, such as:
A Carpooling Application
A Car Rental Company
An app for shuttle service
Book a bus
Solutions for Trucking and Logistics
Bicycle sharing
An app for on-demand delivery
A transportation app for employees
Taxi services for a specific market (e.g., car services for children, premium electric taxis, ridesharing services for women)
Other
Step 2: Assess The Current Market Situation
Once your app concept is finalized for the future taxi application, you need to further consider the market in which the app will be launched successfully.
It is worth noting that China is the leading user of mobility solutions, followed by the United States. This indicates that the competition in these countries is fierce.
Completing a competitor analysis will help you learn about other services available in the market. Before starting the taxi app development process, use this analysis to define your USP (Unique Selling Proposition).
Aside from the analysis, it's a good idea to pick your target audience and ask them directly what kind of experience they want and what features they want in a taxi app.
Step 3: Hire The Best Taxi App Developers To Build a High-Quality Product
This is one of the most important steps in the taxi app development process. It is important to locate trustworthy and competent taxi app developers. This should be a software development team that maintains excellent communication throughout the process and produces a high-quality product.
Recommendation: Experts' hourly rate is one of the most important factors affecting taxi app development cost. Eastern Europe is known for its affordable growth rates and abundance of highly professional teams. Ukraine, Poland, and Slovakia are among the top offshore software outsourcing destinations. For example, in Ukraine, the average hourly rate for taxi app developers is $40. In this situation, the fact that you choose an experienced offshore team that will result in no difference in quality is a huge plus.
Stages And Costs of Developing a Taxi App
Before getting into the cost of taxi app development, it's important to understand how app software is built. The process is divided into a few global steps, which are as follows:
Pre-production (also called discovery or research)
Advancement (includes testing and deployment processes)
The development and support continue.
Promotion And Marketing
In order to successfully complete the project, the discovery phase begins with planning. A product backlog is created when a business analyst and software architect aligns business requirements with technical implementation. Everything is covered right from features to the latest technologies in this document.
The Following Are The Deliverables For The Discovery Phase:
App concept that has been finalised
backlog of products
plan for the architecture of the project
Designing a Product (UX and UI, Clickable Prototype)
Analyse the market and your competitors (optional)
The cost of this installation phase ranges from $10,000 to $15,000 with a time period of 2-4 weeks, compared to the average time required for the first app version, which is 3-5 months. This cost can increase up to $50,000 depending on the project's specifics, complexity, number of platforms, and other factors.
In terms of How Much Does A Taxi App Development Cost, we estimate that a basic first working version of Uber, which includes a passenger app, a driver app, and an admin panel, will cost between $70,000 and $100,000 per platform (iOS or Android). Between $40. Hourly rate (average growth rate in Ukraine). The development of such a project may take from 5 to 7 months.
If you want a fully-featured taxi app, the cost can reach $300,000 or more per platform. According to the Clutch study, the cost of complex solutions, such as taxi app development, ranges between $200,000 and $500,000.
Final Thoughts on Taxi App Development
Don't forget to think about the future of the taxi service. As stated earlier, the world is adopting cheaper and more convenient mobility and transportation solutions. Blockchain technology will certainly be used in taxi app development to ensure better driver screening and other benefits.
Another advancement in autonomous vehicles eliminates the need for a driver, lowers operating costs, and eliminates parking space issues. Tesla Inc. and General Motors are already working on self-driving vehicles under a partnership with Lyft.
In short, taxi app development requires a significant financial and time investment. It is important to find competent and reliable taxi app developers. A supportive and technically forward-thinking software development team should be your first choice.