Why Latin America is the next stage for global ride-hailing dominance

The competition in the ride-hailing industry has been one of the highlights of this decade. The competition which started from Uber and Lyft has now notched-up due to the entry of many new players both in international as well as regional markets.

However, it’s also true that with time the number of competitors has dwindled leaving only a few prominent names. And all of them are now looking for a geographic expansion which will also serve as the benchmark as to who will become the global leader in the ride-hailing market.
According to Goldman Sachs, the ride-hailing industry will be ballooning to a mammoth $285 billion by 2030. This can be further escalated as China’s Didi Chuxing is giving a great competition to Uber. In fact, it has surpassed Uber as the world’s most valuable startup. Didi is showing no signs of slowing down.
After establishing its ride-hailing services in China, Didi is now eyeing towards another region of the world that still has a potential ride-hailing market and vast opportunities that are yet to be explored by any taxi giant. Latin America is a region which fits perfectly for Didi’s vision. Yes, Latin America is emerging as a land of endless taxi opportunities. Let’s see how?
Location: United States

Comments

Post a Comment

Popular posts from this blog

Pros and cons of custom vs ready to use rideshare app

  Rideshare apps have become daily commuting needs and weekend getaways. Ridesharing applications are an indispensable part of transportation including short trips. If you have decided to take advantage of this booming transportation market, then you need a rideshare app. You can select from two different types of rideshare app models namely custom rideshare app development and ready-to-use rideshare app. Both come with a multitude of features, experience, scalability and flexibility.  Here’s a detailed guide covering the pros and cons of custom rideshare app development and ready-to-use rideshare app to help you make an informed decision.  1.     Custom built Rideshare Apps Custom-built rideshare apps are tailor-made as per your business requirements, your brand and the taste of your targeted riders. Scalability, personalized experience and flexibility are the top benefits of investing in a custom rideshare app. Besides, let’s explore more pros and cons for this type: Pros of custom
Read more

"How Geolocation in your On Demand Transportation Business Can Guarantee Success? "

Image
The success story of Uber has triggered a wave of on-demand transportation businesses all around the world. Thanks to smartphones and high-speed internet connectivity, entrepreneurs are establishing on demand taxi booking startups in all parts of world these days. While the Internet and smartphone indeed deserves the credit for success, but there is one more thing without which it would have been impossible to provide on demand transportation services. Geolocation is happen to be a necessary ingredient for developing innovative on demand taxi app solution. In fact, it is due to geolocation that the transportation industry is soaring new heights on the on demand transportation services. So what is geolocation anyway? Geolocation is basically a technology that makes it possible to fetch the real-time physical location of passengers. In simple words, the Geolocation technology is the foundation for location-based and on-demand apps. In fact, the use of geolocation technology
Read more

Ride-hailing in the Oceania region: Market share, trends, competitive landscape, and in-depth analysis

Image
  The ride-hailing industry has grown tremendously over the last 10 years. The entry of app-based ride-hailing giants has literally changed the rules of the game. Names like   Uber   and   Lyft   have heavily disrupted the traditional taxi businesses in the US and around the world. The massive success of Uber has inspired the emergence of several app-based taxi startups around the globe. Their rise is precisely the reason why Uber had to struggle to assert its dominance in a few parts of the world. Many regions like the  Middle East ,  Central & Western Europe ,  Latin America ,  Caribbean islands ,  North Africa ,  West Africa , and more are emerging as a hotspot of ride-hailing businesses. Even the behemoths like Uber, Didi, and Ola have recognized the same and that’s exactly why they are entering these budding markets. One more such emerging market for ride-hailing business is the Oceania region. This region consists of 14 countries which are Australia, New Zealand, Fiji, Marsha
Read more