How on Demand Service Apps Can Benefit Your Business and Customers?
What is the On-Demand app?
With the rise in access to technology by the people, demand for on-demand apps is increasing. Thus, the on-demand economy is defined as economic activity is managed by technology companies that fulfil customer demands via immediate provisioning of goods and services.
Netflix, Zomato, and Uber have become integral parts of our daily lives. These on-demand apps are changing how businesses can provide their services or products to customers.
On-demand app statistics
- The on-demand mobile app economy is expected to reach $335 billion in its valuation by 2025.
- 49% of on-demand consumers are millennials.
- Users of on-demand apps are of all ages and demographic. Both millennials and old use these apps alike.
- Currently, about 93 million people are using these apps for various purposes.
Let us explore statistics of different sectors of business that run on on-demand apps nowadays.
- On Demand Food App
The food industry is expected to touch a market volume of $182,327 million by 2024.
Platform-to-consumer will be the highest revenue-generating business in the food delivery business.
- Taxi Booking App Services
It is projected to touch the US $218 billion market value by 2025.
Uber has a 69% market share in the US.
- Online Grocery Delivery Statistics
It will touch the US $20 billion market value by 2023.
45% of millennials are users of this type of app.
Benefits of using On-Demand Apps
- Real-time tracking
Users of food delivery on-demand apps can track the delivery of their orders in real-time. It will also help logistics businesses and their customers monitor the vehicle’s location and estimated arrival time.
- Ease of doing business
Those who seek service or product and those who want to deliver it can be roped in under one digital app for doing business. Thus it becomes easy to run the business and scale it afterwards.
- Increase in time efficiency
By directly delivering the services to end-users, on-demand apps reduce the time of service exchange. It will save time and cost for both parties.
- Digitization of all interactions
Because all the transaction data of on-demand apps are stored in the cloud, there is no need to issue bills or receipts in physical form, making it environment-friendly.
- Data security
Traditional business models are prone to consumer data leaks, but as a robust encryption algorithm supports data storage in a cloud, data leaks are no more an issue.
- Low Initial Investment
If one has the idea and builds up a team of developers, they can start an on-demand service business in no time. There is no need to purchase costly hardware or rent office space.
- Customer Satisfaction
On-demand apps guarantee consumer satisfaction as they provide on-demand services in a short time. It is easy to use with all the needed features and functions, and thus it works as a blessing for consumers.
At CodeFlash Infotech, we develop On-Demand Apps for both IOS and Android platforms that are market-ready and highly customizable. We are ready to disrupt the traditional business market with our technical expertise and experience.