Taxi Dispatch Software Market Outlook
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.
Scope of Taxi Dispatch Software Market Report
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
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Details
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Report Title
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Taxi Dispatch Software Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast
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Base Year
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2019
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Historic Data
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2017–2018
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Forecast Period
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2020–2027
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Segmentation
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Types (Cloud-based, Web-based), Taxi Types (Sedan, Hatchback, 3-Wheelers, and Others), End-users (Small Business, Midsize Enterprise, and Large Enterprise)
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Regional Scope
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North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered
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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.
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Taxi Dispatch Software Market Dynamics
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.
Taxi Dispatch Software Market Segmental Outlook
By Types Segment
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.
By Taxi Types Segment
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.
By End-users Segment
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.
Taxi Dispatch Software Market Regional Outlook
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.
Key Benefits for Industry Participants & Stakeholders
- In-depth Analysis of the taxi dispatch software.
- Historical, Current and Projected Market Size in terms of Value.
- Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
- Industry Drivers, Restraints and Opportunities Covered in the Study
- Recent Industry Trends and Developments
- Competitive Landscape & Strategies of Key Players
- Neutral Perspective on Global Taxi Dispatch Software Market Performance
Segments
By Product Types
By Taxi Types
- Sedan
- Hatchback
- 3-Wheelers
- Others
By End-users
- Small Business
- Midsize Enterprise
- Large Enterprise
By Regions
- North America
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Europe
- Germany
- France
- Italy
- U.K.
- Spain
- Rest of Europe
- Middle East & Africa (MEA)
- Saudi Arabia
- South Africa
- UAE
- Rest of Middle East & Africa (MEA)
Key Market Players Profiled in the Report
- 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
- Yelowsoft
Competitive Landscape
- Key players in the market include Bolt Technology OÜ, Coolnagour Ltd., Jungleworks, Magenta Technology, TaxiMobility.com. These players are considered as key market players based on their different varieties of product availability, regional presence, better supply chain management system, and the increasing demand for the products.
- The players are adopting key strategies such as product development, geographical expansion, mergers and acquisition and many other strategies to increase their demand for taxi dispatch software.