February 26, 2019 - The global taxi booking software market is predicted to grow at substantial CAGR during the forecast period (2018 to 2025), according to a report available on Radiant Insights, Inc. Growing requirement for convenient and safe mode of transportation among commuters worldwide can augment demand for taxi booking software. These software are likely to offer advanced features that are likely to support commuters to book taxi according to their requirement.
In-Depth research report on Taxi booking software Market :
https://www.radiantinsights.com/research/global-taxi-booking-software-market-size-status-and-forecast-2018-2025
Shifting preference of commuters towards taxi over other modes of transportation is expected to fuel growth of market. Increasing number of companies getting involved in development of taxi booking software attributed to rising demand for taxi among commuters can stimulate market growth. Favorable initiatives by governments worldwide to promote taxi service can augment growth of market. Continual technological advancements in taxi boking software to offer advanced features to its users is expected influence market growth during the forecast period (2018 to 2025).
In-Depth research report on Taxi booking software Market :
https://www.radiantinsights.com/research/global-taxi-booking-software-market-size-status-and-forecast-2018-2025
Shifting preference of commuters towards taxi over other modes of transportation is expected to fuel growth of market. Increasing number of companies getting involved in development of taxi booking software attributed to rising demand for taxi among commuters can stimulate market growth. Favorable initiatives by governments worldwide to promote taxi service can augment growth of market. Continual technological advancements in taxi boking software to offer advanced features to its users is expected influence market growth during the forecast period (2018 to 2025).
To cater to rising demand for taxi booking software, most companies are likely to get involved in R&D activities to develop advanced products. For instance, Uber recently launched Uber Lite in India for its users worldwide. This application is expected to offer services in Hyderabad, Jaipur, and Delhi for now. In addition, it is expected to work in low connectivity areas and can be used on 99% of android based devices.The taxi booking software market can be segregated on the basis of type, application, and region. Based on type, the market can be categorized into iPhone and android. Based on application, the market can be classified into passenger and driver. Passenger segment is predicted to dominate the market attributed to increasing use of software by passengers to book taxi and travel places. Growing adoption of taxi as mode of transportation among majority of passengers across the globe owing to comfort and availability can fuel growth of segment.
Regional segmentation includes United States, Europe, China, Japan, Southeast Asia, India, and Central & South America. Currently, United States and Europe are anticipated to serve maximum demand for taxi booking software attributed to rising demand for taxi among local passengers. In addition, growing penetration of local companies in development of advanced taxi booking software can augment market growth in these regions during the forecast period.
In India, the taxi booking software market is expected to witness significant growth attributed to increasing use of taxi among local passengers over other mode of transportation. In addition, high prevalence of companies offering such software loaded with advanced features can fuel growth of market during the forecast period.
In China, the market is expected to grow well during the forecast period attributed to growing adoption of taxi booking software among Chinese commuters. In addition, prevalence of major market players such as Didi Chuxing Technology Co., in the region can augment growth of market over next few years.
In Japan, the taxi booking software market is expected to witness steady growth owing to penetration of major market players in the region to expand their business. Didi Chuxing recently launched its new Japan-based unit in collaboration with SoftBank. Former company is expected to launch services for drivers, passengers, and taxi operators in Kyoto, Osaka, Tokyo, Fukuoka, and other major cities in this region. In addition, rising investments from big companies including Alibaba and Tencent into this business is estimated to fuel growth of market during the forecast period.
Some of the leading companies offering taxi booking software are TaxiCaller, Uber, Autocab, OnDe LLC, and Technoduce Info Soutions Pvt Ltd.
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