Dec 7, 2021
Rising from Ashes using innovation and technology — Ride-sharing strategies that made American Mobility proud
CoVID 19 Global Pandemic has flipped the scenario throughout the sectors. Transportation is one of the worst affected industries and within that is the pit fallen ride-sharing market. In the pre-pandemic period, the ride-sharing market has seen whooping popularity from passengers with a CAGR of 16% since 2018.
The pandemic induced fear to share a vehicle with a stranger making the market growth drop to 73.07 billion USD in 2020. Post-Pandemic, the growth is estimated to be down by 2% as compared to the pre-pandemic times.
Is this the end of Ride-sharing? No, say the experts!
The factors encouraging citizens to opt for ride-sharing are its reduced travel cost, concern for emissions, and traffic congestion. Due to CoVID, the ride-sharing market has suffered a loss of approximately 50% in 2020 itself, but the market experts predict its speedy recovery upon imposing several precautions be body temperature measuring devices, installing sanitizer inside vehicles, introducing partition between the front and hind seats, reducing vehicle occupancy or not providing share services in crowding circumstances.
Giants in the ride-sharing market such as Uber, DiDi, Lyft, Grab and Ola have applied similar strategies and a few more to protect their ridership as well as their driver communities. From terminating ride shared services in a few zones, deploying disinfection stations to providing alternative work to drivers, the companies have developed strategies. However, these stringent measures have indirectly eliminated fare affordability, which has been a major pull factor to avail ride-sharing services.
Currently, the growing internet and smartphone penetration and stringent CO2 reduction targets are leading to the high growth of the ride-sharing market. The app-based payment measure has proved to be handy during the minimal contact services directly boosting the rideshare market.
Ride-sharing: The phoenix of transportation services
Apart from these strategies, there is innovation clubbed to accelerate the ridership growth without compromising rider safety. The ridesharing industry agencies employed recent technological advances to match drivers with passengers through a customer-to-customer (C2C) business model, opening travel alternatives and providing riders with more choices. The comfort of app-based booking along with reduced costs while sharing rides with a work colleague right outside your home has helped to re-launch ride-sharing to lead the sharing economy.
Ride-sharing is a complicated subject that might be difficult to describe. To make things easier, organizations in this field are divided into two groups based on their business models.
The first is platform-based ride-sharing, which includes firms like Uber, Lyft, and BlaBlaCar that organize rides through a platform.
The second form is inventory-based ride-sharing, which includes firms like Bike Share Toronto, car2go, and Zipcar, which own assets such as fleets of vehicles or bikes that are shared among users.
Digitizing mobility solutions with platform-based business models
Platform-based business models are being used by companies to boost productivity and assure the most efficient use of their assets while reducing capital investment.
In truth, the majority of platform-based organizations do not own the assets that are essential to their operations. Sharing economy firms like Uber and Airbnb are demonstrating this by taking advantage of low personal use rates for automobiles or additional beds.
For example, UBER has long been one of the most important, if not the most important, companies in the ride-sharing sector. Their technology advancements and application innovation assisted them in winning the race.
Uber drew in a diverse client base by developing three separate interfaces/apps: the Driver app, the Rider app, and the Admin panel, which administers and monitors the app’s operation.
Push notification and SMS — Uber sends SMS via the Twilio telecommunications provider, while Apple Push Notification Service and Google Cloud Messaging (GCM) are utilized for iOS and Android, respectively. Millions of users throughout the world have praised their Push notification systems, which have altered the path of ridesharing services.
Uber’s innovative contactless payment concept has made transactions extremely simple and secure. In the United States, the Payment Card Industry Data Security Standards are used to ensure that payments and data are handled securely. For this, Uber has teamed up with Braintree. On the other side, Lyft, an Uber rival, employs Stripe’s payment gateway integration services.
QRyde’s efficient solution
QRyde is a shared ride scheduling platform to provide ride booking, ride cost-sharing, and bidding management services to educational institutions, healthcare companies, and public transit agencies nationwide so they can provide mobility options to those in need. Operating under parent company HBSS Connect Corp., QRyde uses technology such as mobile scheduling, automated dispatching, and AI-based route optimization to help those organizations provide services more efficiently and economically.
QRyde is an efficient and flexible cloud-based car-sharing solution that is based on commuter transportation technology (both repetitive and on-demand) and smart, mobile-ready matching applications.
Payment Via Smartphone App
QRyde with their new innovative technology helped their clients to lessen the burden on the employers or employment centers as the ride-booking and payment are all handled via smartphone apps. All the services are handled directly via the riders so no staff commitment is required for offering the service.
Optimized Routes
QRyde utilizes intelligent cost-sharing and route matching technology to optimize the routes and provide low-cost transportation options for all. The app presents an easy map display so people can locate pickup and drop points faster. This technology has helped to cut down Thousands of vehicle hours and Kms for our clients in many states in the USA.
Secure Data Encryption
QRyde provides secure data encryption ensuring personal information contained in both driver and riders’ profiles is completely safe. Additionally, the solution is accessible to all users, regardless of any disability they may have.
QRYDE’S KEY FEATURES FOR CARPOOLING & RIDE SHARING
Consumer Mobile App — Qryde with its unique riders application provides customers with the ability to view driver profiles and match based on their transportation needs.
Driver Mobile App — Provides drivers with the ability to view their routes, accept or reject rides as they are requested, and handle any payments.
Data Security & Encryption — Ensures that all personal information is secure as per NIST Standards.
QRyde for Ride Sharing — The application is fully integrated with most social networks enabling both riders and drivers to connect their preferred network(s) allowing them to search their own pool of connections.
Curious to know more about Qryde? Check our website https://qryde.com/ or request a demo!
