Opting for a SaaS-based ride-hailing model or not is often a crucial question for ride-hailing businesses and startups. And if you are also stuck with the same question, then it is not your fault as choosing a ride-hailing solution is very important.
Because the choice of a ride-hailing solution is going to impact your business profits and the quality of your service. However, you can consider making a SaaS-based solution for your ride-hailing business rather than building a ride-hailing from scratch. You can take the guidance and insights from the experts for this.
So if you are looking to increase the revenues of your ride-hailing business along with providing high-quality services to the customers, then SaaS is best for you. In this blog, we will discuss with you SaaS in detail and will also show you how it can help your ride-hailing business.
SaaS: A profitable model for the ride-hailing business
SaaS stands for software as a service. It is a highly popular software distribution model within the ride-hailing industry. The reason behind this popularity is that SaaS helps the new ride-hailing startups to overcome all the initial hurdles of the ride-hailing business.
Here are the business obstacles that can be overcome by using a SaaS-based ride-hailing solution:
- Lack of expertise
- Budget constraints
- Time limitations
The third-party solution provider will solve the above issues by hosting the solution over the cloud server and making it available to your customers. Thus, anybody can take the subscription of the solution on a daily or monthly basis.
In this cutting edge digital world, ride-hailing companies prefer to play safe by purchasing a SaaS-based solution. In the SaaS model, the solution provider provides the access to a ride-hailing app that contains the same source code for all users.
Why should you go for SaaS in your ride-hailing business?
SaaS is becoming the first choice of ride-hailing businesses due to its capacity for up-gradation as per the market requirements. Also, ride-hailing businesses can integrate SaaS-based ride-hailing solutions with other softwares via API.
Apart from this, ride-hailing businesses can easily store important data over the cloud, based on their SLA (service level agreement). But the features of a SaaS is not limited to this. Here are some more reasons to choose SaaS for ride-hailing business:
1. No upfront payment
When you choose a single time payment software for your business, you might be paying a big amount for the features that you do not need. Also, you have to pay high costs for setup or rent the server.
On the other hand, if you adopt the SaaS model for your ride-hailing business, you will be billed for a single time or as per the subscription cycle that you have chosen. Thus, you can easily start your business with nominal capital.
With Saas’s subscription model, you will only be billed for the drivers, number of cars, or the passengers that you add. Also, it will control the management costs and eliminate the hardware installation.
2. Faster time to market
If you develop your on-demand ride-hailing solution from the start then it can take days, months or sometimes it gets extended for a year. This can be harmful to your ride-hailing business as the ride-hailing industry constantly keeps on changing.
However, you can use a tailormade SaaS-based ride-hailing solution to start your business instantly.
3. Reliable & secure
Reliability and security is the crucial factor for any business and the same applies to the ride-hailing business. However, you cannot know much about a solution’s reliability before its development.
But when you are using a SaaS-based ride-hailing solution that is secure and reliable then you can be assured of its security.
4. Scalability
Another reason for the popularity of SaaS among the taxi markets is its scalability. With a SaaS-based ride-hailing solution, the admin can integrate third-party tools via API for marketing purposes. Also, you can use this solution for your business analytics.
Moreover, a SaaS-based solution also allows you to add more vehicles or drivers by upgrading your existing subscription. Thus, you do need to purchase a new solution whenever you are expanding your operations.
5. Automatic Updates
As the SaaS-based ride-hailing solution is hosted over the third-party cloud server. So the third-party vendor is responsible for the maintenance, product updates, and support services. Thus, your SaaS-based ride-hailing solution will periodically update its features as per the changing market requirements.
Apart from this, you will get a notification whenever there will be any update in the system. Also, you do not have to pay an extra amount as you do with a single-time solution. Moreover, you will get a licensed ride-hailing solution with a secure platform that enables you to provide seamless taxi services.
6. Easy accessibility
SaaS-based ride-hailing platforms are made in such a way that the taxi business owner can operate them from anywhere in the world. That is the reason why it is having the basic and advanced features as per the requirement of any ride-hailing business across the globe.
So if you choose a SaaS-based solution for your ride-hailing startup, then you will get a tailormade ride-hailing solution. But in case if you will make the same on your own then you may have to integrate all the essential features by yourself which is a costly and time-consuming process.
Summing Up
SaaS development is a rapidly growing phenomenon that is surely going to reach new heights and will also uplift the taxi industry in the future. And a SaaS-based solution is the best idea for taxi businesses to leverage the benefits of these growing markets.
I hope that this blog has provided you with all the important information about the SaaS-based ride-hailing solution. And if you are looking to make a profitable SaaS-based solution for your ride-hailing business then you can hire a software development team or you can outsource your software development to remote developers.
However, you have to be clear about your business requirements and development budget before choosing any of these two options.
Thanks for reading this blog. Keep following this space for more such insightful information.
