The overall taxi market is becoming competitive majorly due to the rising trend of ride-sharing and ride-hailing services. Ride-sharing is gaining popularity among commuters across the world and the market is expanding at a rapid pace. Today, Uber has established itself as a market leader when it comes to cab-hailing services. The brand is slowly inching into other streams of services as well. Uber is a global leader in the taxi market; however, when it comes to any specific country, global leaders are merging or doing partnerships with the domestic leading companies. For instance, Didi Chuxing, which dominates the Chinese car-hailing services, has taken over Uber’s Chinese operation, strengthening its market share on the mainland and possibly gives it a toehold to expand abroad. Artificial intelligence is expected to step into the world of taxi especially in ride-hailing; for instance, the acquisition of SPLT by Bosch and the partnership that Sony has established with Tokyo taxis are future opportunities. Lots of new players are entering the taxi market by creating their own local Uber-like apps.