If you follow the money, it’ll land you to the world of on-demand applications. Dozens of new businesses seem to be popping up everyday that let people order whatever they like — a spa session, salon, groceries, a cab — with a tap of a smartphone button and investors are joining in rapidly.
According to a new report by data analyst firm CB Insights the on-demand industry jumped to 79 deals in 2014, making $4.12 billion.Overall, the industry has taken the lead of $9.4 billion since 2010, with deals growing more than 513% in just the last year alone. The on-demand economy is replacing traditional business models faster than we imagined.
With the extreme rise in on demand applications people got the facility to order and purchase everything on the internet through which consumers can satisfy their needs & desires. This became the major reason On-Demand Apps came into existence through which small scale start-ups and retailers taste the sweetness of success.
Mobile Applications personifies the on-demand business
In the digital world, people are suspectable to use their phone almost 20 hrs in a day to carry out hundreds of tasks so that things can be done on a single click. This is how On-demand development apps became the mainstay of the on-demand economy. Some important features should include upcoming mobile apps which will guarantee the success of future start-ups.
The expertise to easily refresh and know your product status and track it live. This shows the faithfulness of the company and it will build trust between the company and the customer and which will force the customer to use your application repeatedly.
Comfortable to use
The application should be easy for the customer to use so that they can get their work done in a few clicks and also smooth to load applications with lesser bugs.
The extremity of on-demand services is immense.
Do some research and development about the consumer needs you should and research about the best facilities you can give to your customer to satisfy their needs.Today the on-demand mobile application has entered into all sports and spheres: transportation, logistics, well-being, and excellence, food and nourishment, spa services, salon, home delivery and repair services, this rundown can be interminable…
Many of us are just starting to notice that in this migrated world on-demand apps are drastically blowing up in utilization. Using a widening array of services, customers can straight away find someone to watch the kids, as with UrbanSitter, or get a hairstylist sent to their home with GlamSquad or get a spa treatment at home. There are even services like Luxe that will park your car, or which will get you a massage. This tract has got bigger from being nearly figmental five years ago to now cowling thousands of startups.
In the transportation sector Uber and Airbnb has grown rapidly. Apparently more than 75% of finance has gone to on-demand startups that are Uber, Airbnb, Lyft, Ola. When the startups took place in the market the most finance was done by Uber which was $11.56 billion.
Food delivery apps
Beside these transportation apps,Estimation for new food delivery apps are also growing expeditiously.Because that’s the last thing one will want to do after a tiring day at work and has to wait at a takeaway counter.
And let’s be honest, sometimes we hate having food at restaurants after a tiring day where we have to wait for our order and then drive back to home. 2016 data from CGA Peach indicated that when these apps newly launched more than $28.6 million Brits adult population have had an escort to their doorstep in the first half of 2016.This is just the beginning. Food delivery sector stands at €83 billion, or 1% of the entire food market and 4% of food sold through diners and restaurants. On the other side new delivery startups are building their own networks to grow their business by doing advertisements and paid marketing of their apps.
Health and fitness
Beside these food and transportation apps, health care apps are also increasing rapidly. There is an app named ‘HEALTHTAP’ this app connects 108000 doctors with the patients. App offers patients to ask questions and book virtual appointments with doctors patients to ask questions and book virtual appointments with doctors. When it comes to privacy and security the app gives 100% assurance of the information being safe.
These days everyone likes mcD and KFC more than ghar ka khana and then faces the problem of obesity. To get rid of this there are applications that provide healthy diet and workouts which can be really useful for the ones who can’t hit the gym everyday.
These days healthcare and fitness apps are more in trend because of this quarantine phase where everyone is locked in their houses and can’t hit the gym.
If there is any platform that is born because of on-demand services that are eCommerce. You get everything single thing you think about on e-commerce apps.
The most used applications are Amazon, Walmart, The home depot these applications you get everything from groceries, clothes, jewelry, etc. you name it.
On-demand apps are the future of traditional industries. The on-demand services will continue to grow insanely in the upcoming future. There is going to be fierce competition among the firms to provide service.