Future Of On Demand Apps : Top Industries Dominate App Market In 2021

The on-demand app market has become one of the top contributors to the economy. In the global market, there is a 57.6 billion worth on-demand economy according to the Harvard business school report. And it’s expanding by providing on demand multiple services that easily satisfy the consumer’s needs.

The on-demand apps industry reached $ 57 billion in the year 2018. The industry has annual average spending of 57.6 billion with attracting more than 22.4 million consumers every year.

Why on-demand apps have a bright future

  • Revolutionizing the way business is done
  • helping startups to raise fund
  • Convenience as ease of use
  • Adaptability with future technology like artificial intelligence, blockchain, etc.,

Which are the top industries are dominated the on-demand app market in 2020

  • Ecommerce

The e-commerce industry depends on on-demand apps. With the use of on-demand apps, anyone can become a customer of sellers. Big giants like Amazon generate the 233 billion dollar revenues and present in almost all app countries with providing A to Z products. Another giant like Walmart and the Home Depot are the global leaders that contribute vastly to the e-commerce sector in the demand app market.

  • Healthcare

In this technology era, it is quite difficult & time-consuming for the people to visit hospitals or clinics and get medicine whenever they need it. On-demand applications are booming in the healthcare market. Doctors on-demand are an application that gives all medical or healthcare services to patients. The Apps On Demand offers an on-demand doctor app that provides virtual appointment booking and 24*7 services to the patients which reduces the time and efforts.

  • Transportation

The transportation business contributes 21.6 Billion dollars (around the world) to the On-demand application market with China topping with 6.3 Billion dollar. Uber is the top application that generates an income of approximately 11 Billion dollars and is favored by customers, drivers, and the businesses investing resources into the On-demand application market. Uber being a pioneer in the transportation business has a simpler and proficient design model when compared with its rivals. Over 75% of the funding has gone into only 5 on-demand startups and four of those are into the travel and transportation segment. This is the reason, it is evident that transportation is the most demanded business by most of the customers, and any innovative design model incorporated in this could flourish without any problem.

  • Food

Almost 75% of the millennials like to order food online. Which makes it obvious that the on-demand food delivery app has attracted most of the family. Throughout the world. In 2019, 36% of the on demand food delivery app users are said to belong to the 25-34 year category. Simply Eat, GrubHub is a major contributor to the food delivery market. Countries like Korea, Saudi Arabia, Brazil where the food delivery market was unpredictable have shown interest in building up the market and began offering services of assistance that are developing at an incredible movement. 63% of the customers like to get their food delivered instead of going to restaurants and that is the reason, by 2020, restaurants who won’t offer online food ordering and delivery will lose over 70% of their clients.

  • Wrapping Up

Apps On Demand is a leading On-Demand App Development Service Company in the USA and the Middle East providing all the on-demand app development solutions. We cover all the industries including logistics, healthcare, transportations, food, E-commerce, Logistics, Retail, Real Estate, and many more Professional Services and Solutions.

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