In 2024, the taxi market size is predicted to be around $275.94 bn, and by the end of 2029, the figures are estimated to grow to a whopping $423.59 bn. This phenomenal jump in the taxi sector is truly remarkable, and the main entity in this whole time has been Uber. This ride-hailing app offers easy pick-up and drop-off services, enticing customers and positively influencing the market growth.
Entrepreneurs existing in different parts of the world want to be a part of sustainable, long-lasting, and profitable businesses. Looking at the opportunities and the success associated with this ride-hailing business, the enthusiasts want to explore and invest in this money-making venture.
If you are looking for the best mobile app development company to develop an innovative app, Risingmax is the right place to meet your demands. Our team works with a vision to empower businesses to make a momentous mark in this competitive market.
In this article, we will give you in-depth information about how to develop an app like Uber. Alright, so without taking much time, let’s begin!
The app's functioning starts after the user downloads and registers themselves on the app. To book a ride, they need to pick the car type and preferred mode of payment.
On the other side, the admin connects the passengers with the nearby drivers. The drivers then accept or reject the request based on their availability. In case of acceptance, the driver reaches the location and initiates the ride. As the ride ends, the fee is either paid through online modes or via cash.
The app runs seamlessly, and at the end of the journey, the passengers need to rate their ride experience.
RisingMax is a top IT firm that develops custom Android and iOS apps for startups and medium/large enterprises. They have dominated the mobile market industry with their fabulous expertise and user-friendly design principles. Their app development solutions are completely aligned with the visions of businesses. Hire our vetted developers to build a robust, reliable, secure app using advanced tools and technologies.
The credibility of the app depends upon its functionalities as they simplify the business process and also offer special solutions to the users. There are essentially three panels/apps for the users, i.e., driver, admin, and rider app, that absolutely monitor and handle the app functioning.
The mobile app development process plays an important role in the success of the project. There are several phases involved in the app creation procedure that start from ideation to creating a roadmap & blueprint and eventually lead to actual designing & development.
Helps identify the target audience, market trends, and competitors and create a robust business plan featuring various revenue streams, budgets, and timelines.
All information related to the app's functionality, user roles, and technical specifications are gathered. Based on that, the wireframes and mockups are created to define app flow and design.
To make an intuitive app, all the appropriate technologies for frontend (mobile app development), backend (server-side development), and database management are chosen for various platforms.
An interactive interface is designed that makes the app highly navigable, intuitive, and consistent for the users.
Builds mobile apps for passengers, drivers, and administrators using native or cross-platform development frameworks. Moreover, the key features corresponding to every app/panel are integrated within the app.
Perform extensive testing techniques to ensure the app functions flawlessly on different operating systems, devices, and screen sizes. All bugs are eliminated through procedures like unit, penetration, usability, performance testing, etc.
The developed app is then deployed on the dedicated app stores and finally launched for public consumption. Fantastic marketing strategies are implemented for the app promotion on various social media channels.
Fabulous maintenance services are offered if the app suffers from serious technical glitches by addressing the issues and optimizing the performance. Along with that, regular updates about the latest features, upgrades, and security patches are provided, keeping the app updated with industry norms.
Developing an app like Uber not only solves the pain points of the customers but is also considered an ideal way of elevating the way the business performs. It is the ultimate way of building a strong brand, which is only possible when the right problem is solved at the right time.
The tie-ups with different businesses for transportation services, like hotel chains, airports, and other event organizations, lead to better collaborations and partnership opportunities.
Offers passengers the safest and most cost-effective transportation alternatives, resulting in positive word-of-mouth and, therefore, gaining more clients.
With magnificent reviews and ratings and providing innovative features & top-notch customer service, the business can stand out and make a significant mark in the market.
Helps build brand loyalty by customizing promotions, offering highly reliable and scalable services, and crafting loyalty programs for exceptional customer experience.
Helps reduce operational costs in comparison to conventional taxi services by optimizing vehicle utilization and reducing idle time.
An app like Uber helps generate revenue via different sources such as commissions, ride charges, price surges, etc, which is not possible traditionally.
With an app like Uber, businesses can gain valuable insights into user preferences and get details about peak times, through which they can optimize their price strategies and services.
Allows the smooth and easy expansion of operations to various new cities and regions without making any major infrastructure investments.
An app like Uber has the potential to create a much more sustainable and profitable business with its money-making techniques. There are various ways through which money can be generated, and it is heavily dependent upon the revenue strategy. For a business to grow and outshine its competitors, it is reliant on sales and profits and is regarded as the true KPI.
Uber like apps provide subscription services, where users pay a monthly or yearly fee in exchange for exclusive features and additional benefits like priority bookings, discounted fares, premium promotions, etc.
The basic and standard source of revenue generation is by charging fees from the passengers for rides depending upon distance, time, and vehicle selection.
An app like Uber helps generate revenue via advertising partnerships with businesses looking to reach their target audience through the app. This could include sponsored listings or targeted promotions.
The app helps monetize the data gathered based on user interactions, ride patterns, and choices. By selling the data insights to third-party companies for advertising or market research, the app owners can earn money.
Uber like apps typically charge commission fees from drivers for every completed ride. This fee is deducted from the total fare collected from passengers.
During peak hours, the app owners can implement inflated prices, due to which the fare charges rise. This adds up to the extra fare revenue, making it a great source of revenue generation.
In case the app provides additional services such as food delivery, then money can be generated through users via delivery charges and also charges commissions from partner businesses.
An app like Uber can license its brand to other companies that offer the same ride-hailing apps and services worldwide, thereby generating excessive revenue through licensing fees.
An Uber like app development cost ranges from $20k-$80k. This pricing is based on estimation, and several factors impact the whole budget. Some of them are mentioned below;
RisingMax is a top mobile app development company with experience in building innovative apps with fantastic features. With proficiency in ultra-modern tools and technologies, our experts develop robust front and backend infrastructure supporting interactive and visually appealing apps.
Time to connect with our team and get all meaningful insights related to the project right from conception to fully functional app development.
The app accepts payment methods such as cash, credit/debit cards, digital wallets, etc.
Python, MySQL, React, Java, Node.js, and Apache Cassandra are some popular tech stacks.
The development cost ranges between $20k-$80k, depending upon the app's complexities.
With the implementation of various safety measures like in-app emergency assistance, GPS tracking, and driver background verification, the passenger's safety is ensured.
It takes around 2-5 weeks in the development process. The time could vary based on the client's requirements.
Split payments, real-time ride requests, in-app navigation, and trip scheduling are a few features that are required to build the app.