The on-demand apps have taken over the traditional business by offering an online user with what they really need. Almost everything from food, medicines, movie tickets, taxi, to groceries, are booked through on-demand applications.
As per Harvard Business Reports, the on-demand economy is attracting more than 22.4 million consumers every year in $57.6 billion spendings. All these on-demand services include home services, transportation, food & grocery, freelance services, health services, and other comparative services.
Do you believe it’s just a trend and it will fade away with time?
Guess what? You’re WRONG!
“49% of consumers are millennials, while 30% of consumers are between the ages of 35 to 54.” This means the growth and activity should keep on growing this year.
The Reason Behind Growth of On-Demand Apps
There are many reasons why on-demand mobile apps are popular among so many businesses. On-demand apps offer services that help users instantly.
Power of Mobility
- A study says that the reason behind what made the on-demand apps so popular was the ongoing shift in consumer behavior. As today’s consumers give significance to ease and speed over any other factor.
- There is a belief that this huge shift is due to the new way of doing business with the usage of new technologies. Thus, businesses see new opportunities to include on-demand into their current business model.
Advance technology also allows businesses to find new ways to use their distribution channels. Hence, a business that is offering the desired service that eliminates all barriers for a user is successful in the market.
On-Demand Apps – Changing The Face of Business
The growth in the on-demand economy has revolutionized so many industries, and the following changes are being observed across the board.
The arrival of New On-Demand Services Market
- While most consumers are familiar with on-demand service apps like Airbnb and Uber, this not the only types of On-demand apps. Currently, there are several different marketplaces emerged all around the world. What’s more, all these markets are focusing on a single secret ingredient. This secret ingredient is not only technology, but it’s also solving a universal problem for the buyers and eliminating the friction existed before the arrival of mobile apps.
- Presently, an ever-increasing number of organizations are taking advantage of mobile app development for their own version of secret sauce, and it’s creating a progressively outstretching effect in almost all industries. Of course, not all of them will be successful and grow into billion-dollar businesses like Uber, yet they will have a new way to approach the worldwide audience through their own on-demand mobile apps.
On-Demand Business Services Will Become More Personalized
- Consumers have got the taste of personalization, and they’re now demanding more. Startups that work in industries where on-demand services haven’t born, it’s a fresh new opportunity for those businesses to pivot.
- If you can offer what every other person is offering, but with better personalization and more faster service, you’ll be a real winner. The trouble is, many businesses are working hard to become the “first one” in the market. This means better personalization in each industry will take place soon.
The industries which can use On-Demand app to take their business to the next level
- Food ordering & Delivery
- Taxi booking services
Popular On-Demand apps
For so many years, a number of On-Demand businesses have performed well and have been able to achieve consumer satisfaction. Some of them which are well-known in the market are:
How Will The On-Demand Economy Impact Your Business?
It seems we’re officially in a new era of the business world, so the question you ought to ask yourself is this:
How will it impact your business? The on-demand economy isn’t going anywhere. What’s more, you have to choose how can you adopt it. In case you’re not sure, there are so many ways to clear your doubts by consulting a mobile app development company or contacting industry experts for guidance & advice.
Remember, consumers are demanding adaptability, personalization, and responsiveness more than before. And, you should be prepared to satisfy all these consumer desires in order to grow your startup.
Tech-empowered businesses are more competitive than traditional organizations. Besides from being helpful and handy, on-demand Apps provides the services that typically cost you less expensive. This is a smarter way to look for the highly efficient on-demand business model. Business owners are very well aware of the fact that on-demand apps are about to become a future trend to offer personalized services.
Therefore, a business looking forward towards a positive move in business growth should try to fulfill the needs of the customers in a resourceful, versatile and cost-effective way.
Contact ti technologies- An RCG Global services for developing the next advanced On-Demand Application. Get a free consultation on mobile application development.