How Much Does it Cost to Build aTaxi App?

YEREVAN, Armenia - April 21, 2022 - PRLog -- According to Statista, revenue in the ride-hailing and taxi segment is expected to show an annual growth rate (CAGR 2022-2026) of 5.30%, resulting in a projected market volume of US$386.30bn by 2026.

The taxi app development cost ranges between $100,000 to $170,000 for one platform (iOS or Android). However, there are a number of factors that affect this cost, including app features and their complexity, the number of platforms, the location of a development team, etc.

Number of Platforms

Did you know that Uber was initially built for the iOS platform since it was very popular at the time, especially in the Western world? However, if you want your app to be widely used (and you've got the budget for it), it's better to choose both Android and iOS.

Location of a Development Team

To build a taxi mobile application, you will need a team of at least 6 specialists:

• Business analyst
• Project Manager
• UI / UX Designer
• Android / iOS engineer
• Back-end developer
• QA Engineer

The cost of app development varies from location to location. For example, the app developer cost:

• In the USA, is approx $150- $200/per hour.
• In the U.K., is approx $90-$150/per hour.
• In India, is approx $25- $49/per hour.

App Features & Their Complexity

You can minimize the cost of building a taxi app by starting with MVP (aka with only the essential features). Below are the most essential features to have in your taxi booking app:

Rider's App

• User Registration & Login
• Booking
• Ride Cancellation
• Automatic Fare Calculation
• Real-time Tracking
• Multiple Payment Gateways
• Messaging & Calling
• Notifications
• Travel History
• Feedback

Driver's App

• Driver Profile & Status
• Trip Alert
• Push Notifications
• Navigation & Route Optimization
• Messaging
• Reports

Admin Panel

• Locations & Fares Management
• Driver & User Management
• Booking Management
• Vehicle Management
• Review Driver's Orders & Payoffs
• Check Ratings & Reviews
• Notifications Management
• System Content Management & FAQ
• Promotions & Discounts Management
• Driver & User Support

Remember, you don't have to include all the above-mentioned features when releasing your app to the market. We recommend starting out with a Minimum Viable Product – the first version of the product that will include both Passenger and Driver apps and the Admin Panel with the most basic features.. Read more about Taxi app development (https://addevice.io/blog/taxi-app-development/)