How on-demand economy is transforming industries around the globe

How on-demand economy is transforming industries around the globe
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Praveen Content Writer
2020-09-12




How on-demand economy is transforming industries around the globe



According to PWC predictions the on-demand economy is all set to generate revenue of a huge order of about US$ 335 BILLION BY 2025. This is enough proof to understand how fast the on-demand applications are taking over the consumer space and disrupting different industries. 


We will take a look in this article on how on-demand apps are disrupting the different industries 


1.The food industry


All will be aware of apps like Swiggy, Ubereats, Doordash, GrubHub, Just Eat etc and how they have redefined the food distribution from restaurants around the globe. No matter where you are, a single tap of your phone screen takes you to your favourite restaurant and your food is delivered to your place. It is also easy for restaurant owners to manage their business in a much better way allowing them to focus on other business parameters to expand their operations.


Customers also get exciting discounts and offers every time they order, placing these apps in an even more attractive and popular pedestal. Grocery delivery through on-demand apps are also gaining much popularity with each passing day. 


Brief outlook on features of the on-demand food industry


  • Food delivery on-demand
  • Grocery delivery sector
  • Online table booking
  • Delivery on-demand for recipes and ingredients 
  • Delivery of cooked meals


2. Healthcare sector


Health is wealth and therefore to safeguard it is a thing of utmost urgency. What better way to achieve this feat than getting services through an on-demand app where all the elements like waiting in line to see a doctor, buying medicines going to a physical store are eliminated. By using a healthcare on-demand app, you can avail a doctor to your home, get your medical tests done from home and also get professional nursing services. Some of the on-demand healthcare apps which are very popular are Doctor on demand, Epocrates, Medplus, Go2Nurse, Pharmeasy etc. 


In brief the business model includes 


  • Patients can have doctors visit their place on-demand 
  • Patients can consult doctors through Audio/Video channels 
  • On-demand ambulance, medicine and professional nursing services 

3. Transportation sector   


Companies like Uber, Ola, Lyft, Gett, Didi have really redefined the taxi hailing methods to make it more easier and accessible for the common man. Earlier travelling in a taxi was an expensive affair for many but with the sharing system introduced by the on-demand apps, this has become quite an affordable affair. People can quickly book a cab whenever they want to travel by using their mobile phones and also make payments easily helping them save time and efforts. In the US around 40 million rides are booked through Uber every month showing the popularity of apps that provide taxi hailing services. The on-demand transportation services are also gaining popularity with each passing day as customers can easily track the status of their goods right from their mobile screens until it is delivered to their homes 


Let us take a look at how the on-demand business model transforms the transportation 

industry 


  • On-demand cab services
  • Option of ride sharing 
  • Rental cars
  • On-demand transport vehicle system
  • Can feature of professional car drivers for hire

4. Beauty industry


Due to time constraints and busy schedules for many people who visit beauty salons, on-demand beauty apps are becoming famous as people can sit at their place of comfort and enhance their beauty by seeking services from salons. The different models of this app includes customers booking appointments with their favourite stylists for services at a place that is convenient for the customer, Getting a freelance beautician of their choice and also a marketplace model where clients can connect with a beauty professional of their choice 


The business model for beauty industry 


  • Doorstep services for users who book appointments with the stylists of their choice
  • Users can book an appointment with any freelance stylists of their liking
  • Clients and beauty professionals are connected through a marketplace model

5. Services related to home repairs   



The on-demand apps related to home services are especially gaining popularity as you can easily avail services with minimum hassles. Companies like Taskrabbit, Thumbtack, Homejoy, Handyman seamlessly connect customers with their required professional over a mobile screen. Well, what more can you ask for!


A model of on-demand home services


  • Users seeking professional home service help through appointments 
  • Manage bookings by hiring a set of home service professionals 
  • Connecting customers and household repair service providers through a marketplace model 

To wrap up   


There is no doubt to the fact that on-demand apps are completely transforming our lives for a more easier, hassle free existence. Many companies are also integrating apps into their operations for better performance. The on-demand economy is definitely here to stay and disruption is already happening. There are many companies that provide services to build your own customized on-demand apps to suit your business needs perfectly. 


You can seek our services to develop a customized on-demand app that will be perfect for your business requirements. We also develop on-demand app clones to help you further diversify your business goals. 


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