Due to the convenience of booking and getting taxis directly to the doorstep via such platforms, the number of users is continually increasing one and it will reach 1588 million in 2024 as per the market research.
The overall market volume for the taxi services estimated in 2020 is 159.6 bn and it will be estimated to reach 327.54 bn in 2026 with the corresponding growth rate of 8.95% as per the forecast analysis during the period of 2021-2026.
According to this immense growth, the number of drivers and service providers participating is more. Also, the modern fluctuations like demographic shifts, customer preferences are also emerging ones. Let’s dive into them.