Gone are the days when we had to go through strenuous efforts to hail a taxi. Imagine having to do that on a sweltering June afternoon or a stormy night, for that matter. The mere thought of it can send one into panic mode. Thanks to the expanding ridesharing world, we no longer have to fret, for ridesharing applications have made it relatively simple to catch a ride. According to growth projections, the ridesharing market will grow to a whopping USD 242.73 billion in 2028 at a Compound Annual Growth Rate of 16.3%. A detailed look into some of the top ridesharing companies will go a long way to helping and inspiring others to set foot in taxi booking application development.
What is ridesharing?
A ridesharing application enables users to hire cabs through a mobile app and website. After signing up and entering details like name, contact number, email, and payment information, the user can book a ride on the app. All the user has to do now is enter the destination, and a nearby driver shows up to drop them off at their destination.
Drivers show up at the pick-up location with the help of navigation resources. Navigation resources assist drivers in getting to their destination by providing directions and awareness for detours. The application also allows users to track drivers. The application lets users pay via multiple payment options like GPay, credit card, and debit card.
Top Ridesharing companies
Uber, popularly hailed as a ridesharing giant, is at the top of the game with a vast market share, but there are other companies too, like Lyft, Juno, Gett, Grab, and Bolt, in the business that have been actively competing.
Here are the top ridesharing companies,