Quick Summary: Are you planning to be the next Uber and want to build a user-friendly on-demand taxi booking app? Don't wait; start making your taxi booking app today and join the positions of the most successful ride-sharing companies in the world. Check out the steps below and learn how taxi booking app development services at ValueAppz can help you get the perfect solution.

In today's fast-paced world, the audience always looks for convenient and effective ways to commute. It has led to the rise of on-demand taxi booking apps, with Uber being one of the most famous names in this industry. 

Uber has become such a widely used and known platform that rather than using the term “book a cab,” people often say, “book an Uber.”

With the increasing demand for such services, there is a growing opportunity for entrepreneurs to enter the market by building their own on-demand taxi booking app. The taxi app's projected value for 2026 is $150 billion, rising from $85 billion in 2022. 

Are you ready to revolutionize the cab and taxi industry and become the next Uber? With the rise of on-demand taxi booking apps, there hasn't been a better time to enter the market. By building your own app, you can offer a unique value proposition and engage both passengers and drivers in the most attractive way. 

This blog provides a complete overview of why to invest, steps to build an app like Uber, features, cost, and tech stack required. So, gear up and be ready to take your taxi business to the next level.

Firstly, let's look at some essential numbers of Uber and stats.

Uber- The Rise of its Popularity and Demand

Before you invest in an Uber-like app, you must check the success story of Uber to understand this platform better. Uber has become a famous brand in the online taxi-booking industry. With 131 million monthly active users, Uber completed 7.642 billion trips in 2022, proving that its services are reliable and convenient for customers.

Furthermore, Uber is a highly profitable company. In the first and second quarters of 2023, Uber saw an increase in its revenue compared to previous years.