Press release
Online Taxi Services Market Size, Future Demand, Global Research, Top Leading player | ANI Technologies Private Limited, Carzonrent (India) Private Limited, Mega Cabs Private Limited, Meru Mobility Tech Private Limited
Online Taxi Services
The online taxi service offers mobility services to customers via mobile platform connected through the Global Positioning System (GPS) or General Packet Radio Service (GPRS) system. Organized cab services were introduced in the Indian market with the launch of Mega Cabs services in 2000, and the market evolved from the car-ownership concept to the alternative of ride-sharing. Online taxi or radio taxi service providers in India operate either as aggregators or as radio cabs, based on their tracking feasibility.
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This part of the report includes detailed information of the market in different regions. Each region offers different scope to the market as each region has different government policy and other factors. The regions included in the report are North America, South America, Europe, Asia Pacific, and the Middle East.
Top leading companies of the global market are:
o ANI Technologies Private Limited
o Carzonrent (India) Private Limited
o Mega Cabs Private Limited
o Meru Mobility Tech Private Limited
o Savaari Car Rentals Private Limited
o Uber India Systems Private Limited
Competition Analysis:
The online taxi services market in India is mainly driven by two major players - ANI Technologies Private Limited (Ola Cabs) and Uber India Systems Private Limited (Uber India). In FY 2019, Ola Cabs accounted for almost 72.44% of the total revenue generated by the online taxi services market in India, whereas, Uber India held a share of ~21.01%. Other players in the market include Meru Mobility Tech Private Limited, Mega Cabs Private Limited and Carzonrent (India) Private Limited, and together they held ~6.55% of the overall market in FY 2019. The transition from the radio signal-based tracking system to GPS and GPRS-based tracking system was introduced by the market leader, ANI Technologies Private Limited. The company's extensive geographical reach within India (152 cities), coupled with its wide range of services available for customers belonging to different income profiles has helped the company to fetch such a high market share. Large scale investments by big private equity firms on major players of the market and introduction of new customer-friendly features in their applications by the companies are anticipated to further accelerate their market growth.
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Key Highlights points of Online Taxi Services Market:
1) Competitive study of the major Online Taxi Services market players will help in analyzing the market driving and business strategies.
2) Analysis of necessary trends impacting to build-up of the market.
3) The deep research study of market based on development opportunities, growth limiting factors and feasibility of investment will forecast the market growth.
4) Analysis of trending factors will be influencing the Market shares in next few years.
5) Establish business expansion plans by referring to substantial growth and projection of emerging markets.
6) The report elaborates on the product sales, revenue accumulated, price patterns, and gross margins.
Furthermore, the study provides a comprehensive overview of regional distribution and the overview of product types in the market. It explains how key companies and mid-level manufacturers are making a profit within the Online Taxi Services industry. In short, the report on Online Taxi Services is an esteemed source for both the individuals as well as the businesses as it provides detailed SWOT analysis and new project investments feasibility study.
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