Is It Still Profitable To Get Uber Like App Development Service?


According to the data, the revenue of the ride-hailing industry has increased as a result. According to Statista, the revenue of the ride-hailing segments is expected to reach US$386,274m by 2026, growing at a CAGR of 5.30%.

Uber Like App Development will always be beneficial for your business because when you look at the market for on-demand taxi booking apps, you will notice that Uber and Lyft control a large portion of it. However, when it comes to Eastern countries such as the Middle East, one name stands out as the market leader: Careem.

The market for taxi-booking mobile apps is expected to reach 1,665.3 million users by 2026. Furthermore, the user penetration rate for 2020 is 15.4%which is also expected to grow to 20% by 2023 from 15.4% in 2020. 

 

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