How Much Does it Cost to Build a Cab Booking App like Uber?

Are you seriously ready to start your business in the ride-hailing sector?

If yes, then it’s indeed the right time to invest in this business & grab the market opportunity.

According to Statista data, the revenue in the cab booking business is expected to show an annual growth rate (CAGR 2021-2025) of 10.4%, resulting in a projected market volume of US$385,942m by 2025.

But before knowing the overall cost of a taxi app development you need to know how the cab business model works?

Here is how it work;

• User requests for the car on the basis of the availability and type of the car.
• These details have automatically sent to the nearest driver.
• The driver has the option to accept or reject the booking. If he declines the user request then the same booking automatically forwards to the next driver.
• The user can track the whole process and can track the car on a real-time basis. User gets the whole confirmation about the driver, car info, and the estimated time of arrival.
• Customers have the option to pay via cash and app or choose the different cashless ways at their own convenience.
• After the completion of the ride, the driver gets a rating for their trip by the user.

Taxi booking marketplace platform uses two separate mobile apps for drivers and riders. Along with that, a web admin panel to manage the overall activities.

After the Uber revolution, many entrepreneurs have started to invest in cab booking businesses like Uber to grab the opportunities of this highly profitable market.

Drivers app; for those who have partnered with the company. The rider's app; for those who book the ride on the platform.

Driver app’s features:

Rider app’s features:

App development cost can differ as per country wages; even it can differ between the two same regions based companies.

Overall app development cost:

App building cost may vary on several factors such as features, development way that you choose, country, team-size, etc. So no one can give the exact app development cost.

Mainly there are two ways that you can choose to build your taxi business app. I would share the best way that helps you to reduce the development cost.

1. Hire a mobile app development company

2. Purchase a readymade solution

Both of them are right ways, but the development cost and time-frame on both ways are different.

If you want to hire a reputable mobile app development company to build the app from the beginning level, then you must have a higher budget and it also requires a lot of time to complete the whole development.

Building an app from scratch can take several months and require a big team of highly skilled & professional developers. Everything will start from the beginning level so it would take a long time to complete the app development work.

Instead of that, if you purchase a fully-fledged white label cab booking solution like VivoCabs, the app development work can be completed within a few hours. The app development companies charge per hour basis so with a ready-made solution you can save millions of dollars.

If you want to launch your cab business app within a suitable budget then opting for a ready-to-use solution is an ideal choice for you. I would recommend you to choose VivoCabs, it’s a perfect scalable & fully customizable solution. You can add or remove the additional features easily.

With VivoCabs you can get some instant additional benefits such as; flexible payment options, 1-years full support of the technical team to resolve the bugs if found, flexible payment options, full source code, etc. that help entrepreneurs to set-up their startup easily.

Article source: https://www.fatbit.com/fab/guide-to-build-an-app-like-uber/