You might be aware of the fact that the ride-hailing & taxi market has been flourishing over the past few years. But, due to the pandemic, this market has witnessed a downfall as people in the nation preferred to stay indoors. This is the time when there is no necessity for them to commute from one place to another.
Post-pandemic, almost everything has become normal and people have started to prefer taxis and cabs for commuting. Yes, the taxi business has started to grow again. However, according to Allied Market Research, the ride-hailing & taxi industry’s net worth is expected to reach $120.89 billion by 2027. Thus, this seems to be a great opportunity for entrepreneurs who have an idea of starting a profitable business to step into the ride-hailing & taxi industry now.
Uber being a pioneer of the taxi booking apps, everyone shows interest in mimicking its business concept. Why can’t you take this chance of starting a taxi business? If so, this blog will provide information about the cost of developing an Uber like app.
Estimation of cost for developing an app like Uber
A question that was most common is How much would it cost to create a taxi booking app like Uber? In this informative blog, let us discuss the significant features that determine the Uber Clone app development cost.
Features to be included in the Uber Clone app
The functionality of the app will be decided on the basis of the features to be included. The taxi app development cost will rise with the inclusion of additional features.
- GPS navigation
- Instant registration
- In-app communication
- Multiple payment modes
- Rating system
As a suggestion, apart from including the general features in your taxi booking app, it would be great to decide on the new features. This will make your taxi app unique.
App size & complexity
The size & complexity of the app will play an important role in influencing the price. Yes, these will be directly proportional. When the functionality is more complex, the price will soar accordingly.
The geographical location of the company
The region where the company resides is also a crucial part. For instance, the company located in the United States would charge more in comparison to the companies located in the United Kingdom. However, the cost for app development will vary based on the geographical location of the company.
App developers team size
App developers are the one who has full responsibility for implementing the app idea into reality. Their skill sets and experience play a significant role in determining the cost. Unquestionably, the well-trained professional developers ought to charge more.
Platforms for development
We were aware that most of them in the nation have Android phones when compared to iOS. When you want to cater to a wider user base with a somewhat limited budget, you can contemplate launching the app for Android. For better reach, launch the app for both iOS and Android.
Technology stack usage
The technology stack is the base for crafting the app with the best quality. Ensure to use the right or suitable technology, which will be based on the features you want to incorporate. Notably, it will also vary depending on the platform you choose. Here’s a list of some of the common technology stack for Uber-like app development.
Database – MySQL, SQL Server, Redis, and PostgreSQL
In a nutshell
To conclude, the cost of developing a taxi app like Uber will be solely based on individual business requirements. On a brief note, choosing a taxi app development from scratch would cost high and require more time. In contrast, opting for an Uber Clone Script does not need more investment and time. This is because it is a readily available taxi app solution that will empower you to launch a taxi app within a week.