Indhumathi D

Though the COVID-19 pandemic hit ride-hailing hard, the industry is now gradually booming again. In fact, it is predicted to attain a growth of up to 55.9% and the market revenue is expected to hit 120 million USD in 2021 from 76 million USD in 2020. Service providers are now coming up with new enhancements to ensure maximum safety for both passengers and drivers.

Indhumathi D

Businesses face ups and downs but what really matters is how entrepreneurs manage risks and stand their ground amid a crisis. The same applies to the ride-hailing industry. Leading service providers have always managed to overcome crises including the COVID-19 pandemic all by devising innovative strategies to handle the situation better and keep their businesses going even during these uncertain times. Ultimately, failure is just a phase and good times are not far behind.

Indhumathi D

The COVID-19 pandemic has hit the transportation sector hard thereby bringing down opportunities for taxi and other ride-hailing businesses for the time being.
Drastic impact of COVID-19 on the market
The global market value of the ride-hailing industry which was previously projected to be 26,153m in 2020 is expected to witness a compound annual growth rate (CAGR) of -43.7% chiefly due to the COVID-19 outbreak and the social distancing measures that follow.

Indhumathi D

The COVID-19 outbreak has slowed down economic growth on a global scale as people remain locked down in their houses. The impact of the pandemic is even stronger for the ride-hailing sector than the other spheres, given the nature of the industry. It is time to find ways to generate more revenue in addition to making use of the existing opportunities and make a successful comeback once the target market is fully active again.

Indhumathi D

SaaS (software as a service) is a software distribution model, growing at a faster pace, and gaining prominence among startups as it does not require any installation, hardware acquisition, licensing, and maintenance, which will be taken care by a third-party provider (software provider). The third party hosts applications and makes them available to business operators in the cloud.

Indhumathi D

TaxiMobility is a long-established taxi management software, which is incomparable for its seamless performance and advanced features. However, we are on the verge to educate everyone in the ride-hailing industry to understand why they should go for branded taxi software like TaxiMobility rather than some random nonbranded taxi clone scripts or software. As a common man, you may go for a cheaper product that matches your budget.