“If your plans don’t include mobile phones, your plans are not finished,” quotes Wendy Clark, the Senior Vice President (Integrated Marketing) of Coca-Cola companies. Mobile phones have become an integral part of people’s lives. According to reports, almost 4 billion people in the world have access to mobile phones. The revolution of on-demand apps is visible with the increased popularity of these apps. Besides, the Coronavirus pandemic has left people stranded to their homes. Moreover, people fear to step out of their homes due to the higher chances of disease contraction.
Food and grocery delivery apps are providing doorstep services to people in need. The instant, reliable, and convenient way of accessing services has attracted people towards these platforms. There has been an increase in user engagements with more people inclining towards these apps. The future for these apps is bright. Entrepreneurs around the globe are looking to venture into this flourishing market. In this blog, let’s take a look at the future of online food delivery apps, and the impact of technology in UberEats like App development.
‘The future for food deliveries looks promising’
The digitization of the world has made people’s access to their services at their fingertips. On-demand food delivery apps are constantly aiming to reduce time and increase the comfort of the users. Let’s take a look at some stats that signify the market for food delivery services.
The global online food delivery services market is expected to reach a substantial value of $111.32 billion by 2020.
With a CAGR of 11.23% between 2019 and 2023, the market will generate $154.34 billion by 2023.
According to Statista, as many as 1.2 billion people use online food delivery platforms globally.
According to a recent survey, almost 40% of people prefer online platforms because of the convenience that offers.
60% of the restaurants all across the world have agreed that signing up with food delivery platforms has boosted its sales significantly.
According to research, restaurants are already losing 20% of their profits if they haven’t taken their business online yet.
Almost 3 in 5 of the food orders made online are by millennials.
These facts stand in testament to the fact that the market for food delivery services is growing exponentially. There can be no better than this for entrepreneurs to venture into the market with the UberEats Clone app.
‘Technology has a big role to play in these apps’
Modern technology is widening horizons day-by-day. Apps developed with outdated technologies fail to sustain in the market. Now, let’s take a look at the impact of technology on these on-demand food delivery apps.
The role of ‘Big Data’:Data analysis has emerged as a major trend nowadays. Online platforms follow an intuitive approach, known as the ‘data-driven’ approach. With this approach, accurate results are provided to users, thereby leading to increased reliability. For example, let’s assume a user orders food from a restaurant through the app. The app then receives the data provided by the user, formulates the time taken to deliver the food order. Now, this estimated time includes time to prepare the app according to previous reports, time taken during the transit after analyzing the real-time traffic, etc. With such a detailed and well-executed approach, users are provided with accurate services without any delay.
Virtual Restaurants to boost businesses: Now, let’s take a look at what virtual restaurants are. An online food delivery platform identifies the popular and bestselling cuisine in a particular region or a locality. With this data in hand, these platforms assist restaurants that are seeking their help. This way, restaurants enhance their business in a particular locality, and these platforms experience increased user traffic. Those restaurants seeking help are termed as virtual restaurants, which offers only delivery. Thus with a data-driven approach, online food delivery apps are set to flourish in the market for years to come.
‘Restaurants can rely on these platforms’
In this fast-moving world, people in their busy schedules do not have time to access restaurants frequently. With the help of on-demand apps, they order food and get them delivered to their homes, workplaces, etc. Even in this quarantine situation, major restaurants have turned into delivery outlets. All these signify that restaurants needn’t have second thoughts about signing up with a third-party food delivery platform. In fact, Grubhub, a popular food delivery platform, has signed up with 20,000 restaurants in March alone. Restaurants enjoy the following benefits if they opt for a food delivery service,
By signing up with food delivery platforms, restaurants take their business online, leading to another way of revenue generation.
With these platforms, restaurants can manage their orders efficiently. By meeting out the demands of the people, the popularity of the restaurant will increase significantly.
Who doesn’t like free marketing? By joining hands with these platforms, restaurants enjoy an online presence free of cost.
Online platforms let restaurants feature at the top of users’ search. This way, restaurants can stay ahead of their competitors in the market.
Wrapping up,
The market for online food delivery services is on high. With the increase in the number of users every day, entrepreneurs needn’t hesitate to venture into the market with their UberEats clone. Technology has a crucial role in determining the longevity of the app. The data-driven approach aids in providing accurate results to users. With so much buzz among the people and so many enticing benefits, there is no doubt that these platforms will experience an increase in the number of restaurants joining hands.
