Segments - Global Taxi Dispatch Software Market by Product Types (Cloud-based, Web-based), by Taxi Types (Sedan, Hatchback, 3-Wheelers, and Others), by End-users (Small Business, Midsize Enterprise, and Large Enterprise), and Regions (North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020 – 2027
The global taxi dispatch software market was valued at USD 313.3 Mn in 2019 and is projected to reach USD 749.9 Mn by 2027, expanding at a CAGR of 13.9% during the forecast period. Several emerging trends in enterprise information technology (IT) infrastructure have fueled the demand for complex, high-margin taxi dispatch software, which in turn, is creating opportunities for the market across the globe.
Key players in the market are engaged in increasing the number of acquisitions of regional players to expand their sales portfolio across multiple countries in the world. Mergers and partnerships help companies develop software platforms and innovative technologies pertaining to the taxi dispatch software.
The report on the global taxi dispatch software market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Taxi Dispatch Software Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast |
Base Year |
2019 |
Historic Data |
2017–2018 |
Forecast Period |
2020–2027 |
Segmentation |
Types (Cloud-based, Web-based), Taxi Types (Sedan, Hatchback, 3-Wheelers, and Others), End-users (Small Business, Midsize Enterprise, and Large Enterprise) |
Regional Scope |
North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered |
Bolt Technology OÜ, Magenta Technology, Jungleworks, DDS Wireless International Inc., TaxiMobility.com, Coolnagour Ltd., Elluminati Inc, MTData, Sherlock Taxi, TaxiCaller Nordic AB, Autocab International, Gazoop.com, NET Informatika d.o.o., TaxiPulse, and Yelowsoft. |
The taxi industry contributes significantly to the global economy. Rising demand for taxi sharing services is replacing the demand for conventional taxis in the market, which has a positive impact on the growth of the taxi dispatch software market. Increasing number of taxi bookings through apps is surging the demand for the taxi dispatch software market.
Owing to increasing adoption of taxi bookings through mobile applications, taxi companies such as Uber and Grab gained immense traction from passengers, as a significant consumer population considers taxi service as convenient and time-saving. Approximately, 15 million taxi trips are made each day, which is expected to increase during the forecast period and surpass 80 million taxi trips by 2027.
Several companies are raising funds from investors to improve their technology and provide better services to their customers. Moreover, the taxi dispatch software rose significantly and is available to a large customer base across the globe. Rules and regulations have a significantly hampered software companies. Businesses must factor these costs into expenses and pay significant fines for non-compliance. These regulations are intended to reduce funding for terrorism and restrictive administrations.
Complying with government regulations requires the use of specialized software and equipment. Changing government rules and regulations hamper the growth of the taxi software market. Data theft has raised concerns for several companies engaged in developing software and solutions. It has hampered the reputation of several companies in the past; therefore, various advancements and developments are currently being made for overcoming this obstacle.
Additionally, privacy-enhancing technologies are being developed in the ICT sector. Europe and North America are considered as technologically advanced regions. Hence, the adoption of advanced technologies while developing taxi dispatch software is expected to create significant growth opportunities in the global taxi dispatch software market in these two regions during the forecast period.
Based on product types, the global taxi dispatch software market is divided into cloud-based and web-based. The cloud-based segment is anticipated to hold a significant share of the market, owing to its increasing use by multiple taxi companies.
The cloud-based segment is expected to dominate the market during the forecast period, due to the increase in the usage of cloud-based solutions. Taxi software companies are gradually moving their data storage from on-premise to cloud-based platforms, as the deployment of cloud services offer superior efficiency of work processes and increases storage space.
In terms of taxi types, the market is segmented into sedan, hatchback, 3-wheeler, and others (limo taxi, medical transport taxi, crossover utility vehicle, multipurpose utility vehicles, and bike taxi). The sedan segment is anticipated to account for a key share of the market, owing to due to increasing collaboration between taxi companies and taxi dispatch software players.
On the basis of end-users, the global taxi dispatch software market is categorized into small business, midsize enterprise, and large enterprises. The large enterprises segment is expected to account for a key market share, as large enterprises are extensively adopting taxi dispatch software owing to the presence of a large workforce.
The software assists in maintaining employee records, taxi booking statistics, sub-contracting, and document maintenance. Thus, the segment holds a significant share of the market. The small business segment is projected to grow at a significant pace during the forecast period, due to increasing investment in regional expansion by taxi companies.
In terms of regions, the global Taxi Dispatch Software Market is segregated into North America, Europe, Latin America, and Middle East & Africa. Europe accounted for a significant share of the global market in 2019. Key companies from North America and Europe are focused on increasing penetration in the market in Latin America and the Middle East & Africa through mergers and acquisitions.
The market in Latin America is projected to expand at a considerable pace during the forecast period. Increase in the number of small business in Latin America and growth of IT and telecom industry are encouraging key players to increase their marketing campaigns in the region.
Major market players include Bolt Technology OÜ, Magenta Technology, Jungleworks, DD, Wireless International Inc., TaxiMobility.com, Coolnagour Ltd., Elluminati Inc, MTData, Sherlock Taxi, and TaxiCaller Nordic AB.
The base year considered for the global taxi dispatch software Market report is 2019. The complete analysis period is 2017 to 2027, wherein, 2017 & 2018 are the historic years and the forecast is provided from 2020 to 2027.
The market is expected to witness moderate growth in terms of demand during 2019-2020 owing to the impact of COVID-19 pandemic on the taxi dispatch software market.
Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.
The large enterprises segment is anticipated to account for a key share of the market, owing to the increasing use of taxi dispatch software.
The Taxi Dispatch Software Market is anticipated to grow significantly during forecast period due to the emerging trends in enterprise information technology (IT) infrastructure have fueled the demand for complex, high-margin taxi dispatch software, which in turn, is creating opportunities for the market across the globe.
In addition to market size (in USD Million) and Company Market Share (in % for base year 2019), other data such Macro-economic factors, COVID-19 Impact on the Taxi Dispatch Software Market is available in final report.
According to this GMR report, the market from Taxi Dispatch Software Market is likely to register a CAGR of 13.9% during forecast period 2020-2027, with an anticipated valuation of USD 749.9 million by the end of the 2027.
Yes, the report covers types of taxi dispatch software such as cloud-based, web-based taxi dispatch software.
Additional company profiles can be provided on request. For a discussion related to above findings, click Speak to Analyst