In a digital transformational world where technology is rapidly evolving new boundaries and businesses and consumers are moving towards new trends – being comfortable with trying anything out of the ordinary – it is time for you to look further and think out of the box for your next big project as well.
Research and take your time before getting in touch with an app developer in NYC or any kind of digital product related initiative. On-demand apps are a part of our society and have enabled consumers to be more comfortable. From food delivery services to taxi booking apps, there is something for everyone.
Considering recent trends, it would be safe to say that the ride-hailing market on a global scale is currently worth over $85.5 million, and in the upcoming years – it will reach around $185.7 million. A massive growth cycle is underway and we suggest you enter the ecosystem right now and look at how things are evolving.
Keep reading as we look at the most popular ride-hailing apps and why they stand out and have been successful so far.
Top 5 Apps
In this list – we have compiled a series of apps across different regions and looked at what makes them unique and how they all are trying to ultimately meet the same goal.
Uber needs no introduction as the platform kicked off the entire industry and since 2009, the platform has come a long way and continues to evolve, adjusting to the trends of today. Uber has reached a peak point and is currently operating in over 80 countries while looking to expand every other week. With diversification in place, Uber has different vehicles adjusted to the norms of particular countries.
Uber generated $17.6 billion in revenue in 2021 and had a 56% increase from previous years. Considering the growth pattern of Uber – we can assume exponential growth moving forward. If we look at Uber from a holistic perspective, it should be noted that the company always prioritized user experience and customer services. To enable consumers to move away from old-school cabs, Uber crafted a system where trust and a concrete relationship with consumers were focused on.
Uber introduced a safe environment for passengers where they can share their location with loved ones and a helpline is always there to help out, in case of emergencies. There are multiple ride options in place – catering to all kinds of consumers.
It is always assumed that Uber has the upper hand but the figures and the reviews Lyft has had in the past decade showcase how the app is a leading ride-hailing app in North America. The app operates in 640 cities and has full coverage in 40 states in America. The platform is continuously exploring new areas and does aim to reach a new threshold by 2030.
The app is well-designed and immersive enough for users. You can order a cab in just one click. The UX/UI design is specifically accommodating enough. It is inclusive enough for people with disabilities to easily navigate through the app. Much like other ride-hailing apps, Lyft acknowledges that there are two different sets of consumers, the passenger, and the driver. And so far, the reviews from both ends have been fair.
While you research for your own app, you can learn from Lyft that authenticity, quickness, and the ability to develop a relationship with consumers will matter the most at the end of the day.
When we move past North America and look at other parts of the globe – especially Middle East, South Asia and Africa – there are only a few ride-hailing companies that cover these regions and Careem is a trendsetter. Careem originates from Dubai and in the past decade, it has expanded to numerous countries – being incredible at diversification.
Careem is more than a ride-hailing app as well. Similar to Uber Eats, Careem is a part of other on-demand initiatives as well. With just one Careem app, you can either order a cab or get food. The app is responsive and we have seen no lags so far. Here are a few features you will get to see as a part of Careem:
- Choose a vehicle
- Select drop-off and pick-up location
- Track where the ride is heading and how far the driver is
- Different payment gateways
And a lot more. While you search for an android app development company, do mention Careem and highlight how the app has been successful, and what the key points were.
Bolt originates from Estonia and aims to disrupt the technological ecosystem by tapping into different kinds of areas. Bolt mainly focuses on getting vehicles for hire, enabling better mobility, car-sharing, and even food delivery. At its core – Bolt is a transport app similar to Uber and Lyft.
Bolt is affordable and claims to be a 24/7 service. Get a ride in minutes through the critically-acclaimed app and see how your journey goes. Bolt was once credited as the best young-led startup at Startup Europe Awards and their thought process is evident in the design process.
Bolt is safe and convenient. The app follows privacy standards set by the European Union and everything is transparent. Apart from Europe, Bolt operates in over 45 countries across Africa, Western Asia, and Latin America.
Bolt is a relatively recent platform and has achieved massive growth nonetheless. In 2021, Bolt had revenue of $40 million – despite the pandemic holding things back.
We hope this list gave you the clarity to an extent and helped see what the ride-hailing ecosystem is looking like and what emerging businesses usually focus on. To give another brief overview, it should be noted that the user experience combined with the functions and features an app has will prove to be the ideal app.
Most importantly, the custom software development services firm you collaborate with will play a major role in the execution of your digital product. Take time and see what company can perfectly understand your requirements and would be willing to collaborate without being intrusive.