It in turns has helped Uber to earn trust and reliability. Its International exposure has allowed it to blend and integrate among different nationalities and cultures.
#SLIDESHARE APP COMPETITORS DRIVERS#
Its drivers earn a substantial amount at night time and during bad weather and holiday nights.Īdaptive Nature: The adaptive nature of Uber has great recognition across the globe. It’s “ Higher the Demand Higher the Price” policy has proven to be beneficial to its drivers and industry. Dynamic Pricing Strategy: Uber has remained consistent in its dynamic pricing strategy.Because there is no fixed infrastructure or investment in place, the company continues to expand at a fast pace. Low Fixed Investment: Uber operates on low fixed investment (low operational cost) and has easily accessed more cites in its communicative network. In 2020, Uber’s valuation stands at $75 billion. With its incorporation of new technological features, it is predicted to enhance its services in the next few years. It has already overtaken GM, Honda, and Ford regarding brand value framework. Strong Brand Recognition: Uber has maintained a strong brand recognition in over 50 countries. In 2020, Uber is available in more than 93 countries and over 900 cities, with 103 million monthly users served by a total of 5 million drivers. It was one of the first ride-sharing apps, operating across the globe. Largest Ride Sharing Technology: Uber has positioned itself as the largest ride-sharing technology in the world. We will address these as we further discuss the business structure of Uber. Every company has certain strengths and weaknesses. Currently, Uber has many opportunities to introduce new features to give it a competitive edge over its competitors. Nonetheless, the company continues to grow and has become mainstream despite all the criticism and negative reviews. Its efficient features have inspired many other ride-sharing app services like Lyft, Ola, Didi.
#SLIDESHARE APP COMPETITORS DRIVER#
People can now book an Uber ride and have the driver come right at their door any given time.
Uber has since become an all-time favorite for travelers and multiple app users. It replaced the concept of people having to step out and hire a cab for themselves. Uber introduced the ride-sharing app phenomenon. The company’s name is based on the commonly used word ‘ Uber’ which means ‘ super’ or ‘ topmost.’ The company has been able to provide quick, easy, and luxurious transportation services. The effect of Uber on other industries is known as ‘ Uberization.’ Since its launch, the company has significantly affected the economy. Uber platform is available through its website and mobile apps. It now operates in 785 metropolitan areas worldwide. Uber is headquartered in San Francisco, California and offers peer-to-peer ridesharing, taxi cab, food delivery, and transportation services.