Tech Magazine

How On-Demand Economy is Disrupting Various Industries

Posted on the 22 July 2019 by Clonescloud @ClonesCloud

The current era is witnessing the rise of on-demand applications offering convenience to customers. These apps are in trend and developed for healthcare, pharmacy, food delivery, car rentals, etc. In the on-demand economy, consumers get access to goods and services immediately. It is disrupting the traditional business model and showing no signs of slowing down. PWC predicts that the on-demand economy will reach a whopping US$335 billion by 2025.

On-demand apps have a huge role to play from which businesses can keep an account of the orders from the customers, define the delivery location, track service delivery status, integrate payment options, etc. Customers get benefited too where they don’t have to stand on busy roads to wait for the cabs, refer to Craigslist and Yellow Pages to find service professionals and get instantaneous meals at the doorstep. Let’s have a look at how the on-demand economy is changing the face of the below industries. 

  1. Food:

    These apps have made getting the favorite food of the consumers at their desired location instantly with just a tap of a finger. They make sure that the food is delivered. The app also allows giving feedback and rate the restaurant as per consumers’ choice. Some of the famous examples of these apps are Zomato, Swiggy, Uber Eats, Doordash, GrubHub, Just Eat, etc.

    These on-demand apps are not only beneficial for customers, but also for the restaurant owners who get more orders and can manage them efficiently. Without investing in infrastructure, restaurants can expand to more geographical locations. Users, in return, get convenience, discounts, and are provided with easy access to user-friendly menus.

    There are also platforms on which you can order groceries online, and they can get delivered at your doorstep. Postmates and Instacart are well-known examples of this.

    Food is the major niche of the on-demand delivery market. The on-demand food industry includes:

    • On-demand delivery
    • Grocery delivery
    • Online table booking
    • Cooked meal delivery
    • Recipe and ingredients delivery  

      A lot of companies have started on-demand food business in the last few years.
       

  2. Healthcare:

    Another beneficiary of on-demand apps is the healthcare sector. Nothing can be more urgent than receiving treatment for any health issue. Earlier people had to visit a doctor when they were sick and sit in a queue.

    With healthcare on-demand apps, you can get a doctor on-demand on your doorstep. You can even book medical tests from home, seek professional nursing, and get medicines delivered.

    Some of the healthcare apps include DoctorOnDemand, Epocrates, MedPlus, Go2Nurse, PharmEasy, etc.

    Businesses that are getting into developing a healthcare on-demand app are making it simple for patients to get healthcare services easily and at reasonable rates. Some of its on-demand business models are:

    • On-demand doctor visits at the patient’s place
    • Patients consulting doctors through audio/video channels
    • On-demand ambulance
    • On-demand medicines
    • On-demand nurse
       
  3. Transportation and taxi services:

    Taxi-hailing apps are again, an important part of the on-demand economy. They have made transportation easy. Whenever people want to travel, they can quickly book cabs, make a payment, and they are available within some time. On-demand taxi services offer GPS and navigation to enable users to book nearby cabs and save time. In-app communication between the drivers and customers is also possible. Rating and review system is there so that both drivers and customers can share reviews. Examples of some companies providing on-demand taxi services include Uber, Ola, Lyft, Gett, DiDi, etc. Uber caters to 40 million rides every month in the US and has dominated the market by 77%.

    Similarly, there are on-demand transportation services as well, which include real-time tracking, in-app messaging, quick payments, and transparent pricing. One of the examples of this service is Uber Freight and UberDELIVER, allowing customers to transport their freight easily and deliver parcels at any place. The on-demand economy has made logistics and transport services more efficient and smoother.

    By using the on-demand app, users can set up a time for the delivery, track the courier package until it reaches their place and get real-time updates during the transportation. Thus, it is possible to track the package right from the time goods are dispatched until they are received at the destination. Some of the examples include TruckBuddy and Deliv.

    Some of the on-demand business models for transportation industry include:

    • Cabs on demand
    • Ridesharing platforms
    • Cars on rent
    • Transport vehicles on demand
    • Hiring professional car drivers 
       
  4. Beauty services:

    On-demand beauty apps are gaining popularity. Earlier people used to visit salons to enhance their beauty. But due to time limitations and busy schedules, the beauty industry is shifting towards on-demand apps to serve the customers whenever and wherever they ask for.

    Services like pedicure, manicure, massage, wax, etc. are easily available at your home with on-demand beauty service apps. You can save your valuable time and receive your favorite stylist at home with just a few taps. You can even check the available treatments, catalog, latest discount offers, etc.

    Some of the on-demand business models for beauty industry include:

      • Users booking an appointment with the favorite stylist delivering services at the doorstep.
      • Users booking an appointment with the freelance stylists of their choice.
      • A marketplace model for connecting clients with beauty professionals.
  5. Home services:

    On-demand apps for home services like repair services, house cleaning, and other household chores have become hot buzz these days. If you have leakage at your home, you can hire a nearby plumber, or if you have issues in your AC, you can call an AC expert within a few minutes. Few of the examples of these apps are TaskRabbit, Thumbtack, Homejoy, Handyman, etc.

    A professional arrives at home upon booking over the app. The service seeker can track the location of the professional to get an idea about the arrival time.

    Some of the on-demand business models for home services include:

    • Users taking an appointment of professionals
    • Hiring a group of professionals and managing bookings
    • A marketplace model for connecting customers with the household service providers

Conclusion

On-demand apps are thus disrupting various industries, offering advantages to users. Now, there is an app for everything. Some of them are completely transforming our lives. This has made many companies take benefits of the on-demand economy to thrive in the market. The boom is expected to stay here for long and get larger.

You can hire our mobile app developers to build a custom on-demand app of your choice. We even develop on-demand app clone to help you reap the benefits of already established on-demand business in the market. Get in touch with us through [email protected].


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