Global IT Spending by Cab Aggregators: Market Research Report 2015-2019

Published: Oct 2015 Pages: 62 SKU: IRTNTR7592

Market overview of the global It spending by cab aggregators

This research report projects the global IT spending by cab aggregators to reach a market size of roughly $675 million by 2019. Taxi hire app-based companies such as Uber, Ola, Lyft and Didi Kuaidi are some of the key market players offering their cab service delivery systems to connect drivers and cab riders.

These companies are known for using technology to provide low cost and efficient cab services through the internet and mobile app model. During the forecast period, cab aggregators are expected to scale up their investments for the latest IT solutions for hardware, software and services to minimize the cost of operation and increase profit margin.

In a bid to improve customer experience, most cab operators are purchasing the latest location-based search enabling technologies. In a similar development, Uber, a leading player in this segment is planning to launch an in-app digital panic button to ensure maximum safety and security of their cab riders. The need for similar apps is expected to drive the global spending on IT in this segment through 2019.

Market segmentation by IT hardware spending

  • Hardware
  • Services

IT spending on services for cab aggregator will grow at a faster pace as pressure to reduce the cost of in-house software and hardware solution are increasing for better ROI for cab services. Technavio market analysts predict an increase in the adoption of cloud-based solutions during the forecast period.

Geographical segmentation of the global IT spending by cab aggregators

  • Americas
  • APAC
  • EMEA

IT spending in North American region witnessed the fastest growth in 2014. Uber is a leading cab aggregator firm that is based in San Francisco and expanding its business operations globally at a rapid pace. Though Uber is facing many lawsuits and regulatory ban issues for their services in many countries across the globe, the company looks bullish on expanding their operations in new geographies by drawing many investors into the market.

Competetive landscape of the global IT spending by cab aggregators

The competition to increase market share among Ola, Uber, lyft and other cab aggregators will put pressure on these firms to cut costs and increase revenue by availing cost effective IT solutions that require minimum up front cost. 

Other prominent vendors in the market: -

Authbridge
American Express
Citrus Pay
iTrans
Knowlarity
MapmyIndia
Paypal
PayU
Suntelematics
Tata docomo
Zaakpay
Zendrive    

Key questions answered in the research report

  • What are the key factors driving the global IT spending by cab aggregators?
  • What are the key market trends impacting the growth of the global IT spending by cab aggregators?
  • What are the various opportunities and threats faced by the vendors in the global IT spending by cab aggregators?
  • Trending factors influencing the market shares for EMEA, APAC, and Americas?
  • Key outcome of the five forces analysis on the global IT spending by cab aggregators?
  • Growth forecast of the global IT spending by cab aggregators until 2019?

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