Over the years, the industry of on-demand services is gradually increasing. Now, people are more interested and invested in the on-demand economy rather than the traditional business models. When people can instantly buy or book for anything via a click, why will they take the effort to leave the comfort of their homes, stand in a long queue and purchase something! Before we get into the industries that promote the on-demand economy in the US, let us get a clear idea about the on-demand economy.
What is an on-demand economy?
The digital sphere’s practice and promotion of economic activities developed and propagated to satisfy the consumer’s needs by providing them instant access to a company’s goods and services that they are looking for is known as the on-demand economy. Also known as the access economy, the on-demand economy is an excellent opportunity for people to operate everything from any part of the world.
Since consumer behavior has changed over the years, people today want everything to be generated fast in a simple way and efficiently. All of these criteria can be met up by the on-demand economy. Moreover, to meet the ever-growing consumer demand, the on-demand economy has also brought up features that consumers can pick their preferred time to dig into the products or services. Statistics have shown that 86.5 million Americans promote on-demand services, which amounts to almost 46% of the US population.
List of US industries that drive the on-demand economy
- Food delivery
Undoubtedly, the food delivery industry is rapidly climbing up the ladder. The section of the US population that use food delivery apps the most are the millennials. By 2025, researchers expect to see a rise in the food delivery industry by 200 billion dollars. Instead of eating out, people in the US are now ordering in.
- Transportation and Travel
The credit of the on-demand economy in the transportation sector in the US goes to apps like Uber and Airbnb. Among five major VC fundings, four of them belong to the travel and transportation industry. Various taxi-booking apps in the US like Grab, Uber, Lyft, etc., are making history in the on-demand economy.
- Education
None can be a better method of learning where you can get access to the knowledge immediately when you need it. This has been made possible by various eLearning apps where learners can get into online classes at their convenience, get customized materials, and utilize time efficiently. In addition, employees now can learn their preferred subject. As a result, productivity and engagement are enhanced.
- eCommerce
Millennials today prefer eCommerce services due to their precision of the on-demand economy services. Now, the concept of shopping has changed, and this transformation has been brought by eCommerce sites like Amazon, Alibaba and Etsy. Further, with the increasing use of smartphones, the eCommerce industry has also seen a significant upsurge.
- Grocery Delivery
After the emergence of Covid-19 and the consequent lockdown worldwide, the on-demand services have seeped more into the grocery delivery industry. Instead of leaving in between a busy schedule, people now prefer to book fresh green veggies and meat online and get it delivered at the doorstep. The popularity of on-demand grocery apps is increasing as per the growth of the sector.
- Healthcare
Booking an appointment at the doctor’s chamber at the right time is a tedious job. If this can be done from home without visiting the doctor’s chamber initially and standing in a long queue, nothing like it! The healthcare industry has been divided into telemedicine, healthcare analytics, electronic health record, etc.
- Car Wash
Driving like a hero in a clear and shining car is what we all prefer. But the most time-taking work here is the cleaning process. If you own a car, you have to wash it at least thrice a month to keep it clean. Now, think of the time that you consume on these three days of the month. Instead of investing this time here, you can use a car wash app to hire a professional and get the job done.
- Logistics
Besides the industries that have been mentioned above, the on-demand logistics sector is also undergoing a sea change. To satisfy the customers, now, the logistics industry has gone online. With the help of apps generated by various logistics companies, you can make a booking from any part of the world.
- Salon Services
Today, people are too busy even to book a session in their favorite salon to pamper themselves. However, it has to be noted that people are also more invested in self-care these days. So, to meet customer expectations, the salon and beauty industry has developed apps to book their sessions at ease.
10. Professional Services
The sectors that got drastic change due to the arrival of the on-demand economy are:
- Carpentry
- Electrician
- Plumbing
- Baby Sitting
- Mechanic, etc
These professional services have maximum potential and are beneficial to the end-users. This vertical gives plenty of options to the consumers. Through the on-demand service app, one can hire a professional for their household works.
Conclusion
Therefore, now that you are aware of the industries that drive the on-demand economy in the US, you can expect to see more growth in the future. Also, if you own a business, do not delay launching your app and making it more accessible to your target market.
So, if you looking to develop an on-demand service app you must consult a mobile app development company and check the cost of app development before moving any further.
Read more about Why the On-demand Business Model is a Successful Option For Startups?
So these are the industries that drive the on-demand services in 2020. If you are one who drives a business or someone with an app idea then come to us. Our mobile app development team will help you develop an on-demand platform with a unique outfit.
Contact our dedicated development team, if you are looking for expert advice and an ideal app in the field of on-demand service app development.
