Industries that Rule the On-Demand App Market in 2020
On-Demand Mobiles Apps play a vital role in almost every industry, like an online taxi booking app, online food delivery, online hotel booking, etc. The masters in these industries like Uber, Oyo, BlaBlaCar, Dream11, etc acquired immense popularity due to the applications they developed. The main reason for the reach of these on-demand apps is user-friendliness. Right now, every industry is incorporating the use of on-demand services. 2020 is going to be a year that is going to set a trend of on-demand apps.
The following are the giant Industries that rule the On-Demand App world,
Delivery services
The on-demand delivery services are food delivery and grocery delivery. There are many delivery services but these two services are the widely adopted delivery services. In this busy running world, 63% of the people prefer to get their food in their doorstep rather than going to the restaurant for eating. So, as a result, from 2020, the restaurants who do not offer online food delivery and ordering services will lose 70% of the customer and eventually, the revenue also will go done. As of 2019, 36% of the users in the food delivery applications belong to 25 to 34 years. UberEats, GrubHub, Just Eat are the current business masters in the food delivery market system. Food is an essential one for living, so a startup with innovative ideas can boom in this industry.
Transportation
The transportation industry offers services to its customers in various forms like carpooling, car rental, etc. The giants like UberTaxi, BlaBlaCar are the major contributors to this transportation industry. Worldwide, the industry contributes 21.6 billion dollars with China at the top of the list contributing 6.3 billion dollars. And 11 billion dollars which are generated by Uber as it preferred by most of the customers and drivers. 5 on-demand start-ups get more than 75% of funds. And the 4th of the list is transportation. This is why the entrepreneurs who invest in this industry could easily flourish.
Professional services
The next industry having a major scope is professional services, as it includes all the necessary on-demand services at the doorstep. They offer Mechanic, Carpentry, Doctors, Electrician, Pest control, Household work, Baby-sitting, Plumbing, and even Software programmers/designers, tutors, baby sitters, etc. The top business models in this industry are Venturapact, Serviz, Handy, etc. The main advantage of this industry is that the services they offer are the very basic need in everyone’s life. The professionals in this industry make our lives an easy and comfortable one.
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