Today’s tech-oriented world is all about prompt response and superior service satisfaction. People need everything at a fast pace and want to reach somewhere immediately. On-demand apps are one of the solutions helping individuals with the same.
On-demand apps are taking over the world by making everyone’s lives more convenient than ever before. Uber, Drizly, and Zomato are unique examples of the best on-demand apps in their relevant fields.
Startups have been using on-demand apps as an essential business platform to establish their businesses and gain attention within a very short span. Plenty of startups increased huge funds with the help of on-demand apps and turned into big brands in no time.
Some On-Demand App Statistics
According to Statista, the on-demand app industry has yearly average spending of $57.6 billion to attract more than 22.4 million consumers per year. The upcoming years will observe a new milestone.
Here mentioned expected mobile app revenue represents a thriving future for the on-demand app economy.
Source: https://bit.ly/36AvokI
As per market research, the on-demand app market is expected to rise by $1574 billion in the upcoming five years.
53% CAGR can also be one of the factors that boost the on-demand apps’ market growth.
Why do businesses opt for On-Demand Apps?
There are a plethora of reasons that led to the success of on-demand mobile apps. Some are mentioned below. Have a look.
1. Accessibility
The key reason for the huge demand for on-demand mobile apps is that they are easily accessible to all.
That’s right. It is available to each one who has any sort of smart gadget with strong internet connectivity. Doesn’t it look very effortless?
The app users can see different available options to them along with the relevant price tags and reviews.
2. Conveniency
Why would a user leave the comfort zone when they can achieve the same result by using a mobile app from the comfort of home.
This is when on-demand apps come into the picture to perform an excellent job.
They offer high convenience to the users, avoiding hassles like traveling to a certain location or areas to purchase something they want.
3. Flexibility
On-demand apps provide flexibility to offer services to consumers. Users can access these apps round-the-clock and address any emerging needs.
Everything you need is a fully-featured on-demand app that performs flawlessly without any hurdles.
4. Cost-effective
On-demand apps have presented the MVP model that helps businesses with cost savings. Organisations can easily update their mobile app with modern features to address their user’s emerging needs.
It is also a great tool to promote any deals/discounts that is helpful to growing the number of customers with minimal costs.
5. New Opportunities
Similar to other tailor-made mobile apps, on-demand apps also provide a few monetization options. Businesses will grab new opportunities using the app along with making revenue.
Organisations can also have details of the users that can be used for marketing purposes in the future.
6. Transparency
Being transparent with customers helps to build trust, and for that reason, on-demand delivery apps comprise feedback systems.
It enables service providers to identify breaches in their performance, letting them get better with the business activities and service. When this is performed frequently, it ultimately leads to improved customer satisfaction.
7. User-friendly
On-demand mobile applications have a very user-friendly interface. Anyone with a little knowledge of mobile devices can use these apps with a couple of clicks.
Simplicity has a critical role to play in the wide adoption of on-demand delivery apps.
On-demand App Startups and Investors
Big names in the startup who are rich with funds would like to invest in the on-demand industry. The drastic change in customer demands and behaviour is something that they are likely to leverage.
So, they would love to invest millions in digitally transforming more industries and focus on worldwide expansion. There are so many examples of successful startup ideas like Uber which get sufficient funding and later those apps are used by a wide range of people.
Swiggy, an Indian food ordering on-demand app has raised more than $1 billion, the biggest funding in the Indian food-tech sector. The education tech sector is also expanding in the ongoing health crisis.
This shows that investors are willingly investing in on-demand app startups and want to get better ROI in the future.
The Future has Begun
The prospect of on-demand mobile applications is about to revolutionize. Here we have mentioned some of the upcoming trends.
| There will be a massive rise in the number of employees who are contributing to the on-demand app economy. More and more enterprises will adopt on-demand mobile applications for their services at a faster pace. The demand for technically sound workers will rise due to the massive acceptance of on-demand apps. Mobile app developers will have more and more opportunities to showcase their app development skills. The focus will be on the digital channels because of the increasing on-demand app users. |
If you are an entrepreneur who is focusing on contributing to the on-demand economy with a startup business, then taking the right decision would be a tough nut to crack. No matter whatever your business plans, it can be determined that on-demand apps are about to stay here for long.
Others believe that on-demand delivery apps are just a bubble that will explode after a while.
Whatever it could be, customer demands are changing for sure, and to keep pace with them, business models need to transform thoroughly.
Summing Up
On-demand apps and their on-demand services have fully revolutionised the way enterprises used to deliver to their consumers. Additionally, it has made things pretty easy and more feasible for everyone. Many enterprises have transformed their business models to deliver improved services to their users.
Today almost each industry niche has realised the significance of being digitally connected with its users and the tech world. So they have started leveraging on-demand app solutions to get the best out of advanced technology.
