Why On-Demand Apps Are Booming?

   2020-01-28       62        Business
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A few years ago, we needed to go to the desired location for hailing taxis or reach out to certain businesses to avail housekeeping services.

A few years ago, we needed to go to the desired location for hailing taxis or reach out to certain businesses to avail housekeeping services. We need to wait for professionals for long hours to get our works done. In present, the scenario has completely changed, and people are now availing various services with just a few taps on their smartphones. 

Thus, convenience, coupled with technology, led to the booming of the billion-dollar on-demand industry. All these have been made possible due to the emergence of on-demand applications that offer services ranging from transportation to massage.

A sneak-peek into the growth of the on-demand industry:

  • By the end of 2020, 7.6 billion Americans are expected to become the providers of the on-demand economy.
  • The on-demand labor market will flourish by 18.5% annually for the next five years.
  • The on-demand food delivery market will hit US$ 161.74 billion by 2023.

Benefits of on-demand applications:

Gain a large customer base: With an advanced on-demand app on board, one can easily retain the existing customers and gain new customers by offering a personalized touch to the services provided.

Unlimited business opportunities: The use of mobile phones has dramatically increased. It has opened gates for several businesses to reach out to their target audience with ease and try out different business models.

Highly scalable: Unlike traditional methods, on-demand applications can be easily updated whenever needed to meet the changing needs of the end-users.

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