Introducing On-Demand Economy

1
Introducing On-Demand Economy
2
According to the Harvard Business Report, the
on-demand economy attracts 22.4 million consumers
annually, who spend 57.6 billion on
them. On-demand Economy has rapidly taken over
the established business models by serving
consumers with what they want and where they
want. According to the stats, the on-demand or
access economy has transformed the way businesses
serve consumers and hence have become the most
talked-about business term of this decade. With
companies like Uber and Airbnb, the on-demand
economy took shape in the US. However, the more
amazing fact than this is that 42 of the total
adult US population has used the services of at
least one on-demand startup. On-demand
economy An on-demand economy is an economic
activity built by the digital marketplace or
technology companies to fulfill consumer demand
via immediate access to goods and services. The
emergence of on-demand services, particularly in
the transportation, retail, lodging, restaurants,
and grocery businesses, is built on mobile
technologies all thanks to on-demand apps!
3
Growth of on-demand apps After the high demands
for Airbnb and Uber, customers want immediate
satisfaction. Smartphones are the most important
game-changer in delivering smiles and ease to
people across the globe. The biggest spot
covered by the on-demand economy is Online
marketplace space which delivers a business of
more than 35.5 billion every year. Ground
transportation is the second leading with a
business of 5.6 billion, and the grocery and
food delivery marketplace which fetches around
4.6 billion currently. Todays on-demand app
economy is a full-fledged industry with resources
working in real-time. Lets go through the top
industries in the USA which are being disrupted
by the on-demand app technology.
4

• On-demand Ground Transportation

The taxi transportation industry is one of the
first few industries to be disrupted by the
on-demand economy. Uber, the technology-led
business model has raised a 40bn business. Many
existing cab industries have launched their own
mobile apps making it easy for their customers to
book a cab.
5

• On-demand Fuel delivery

On-demand fuel delivery is app-based services
work like Uber for fuel. With a fuel delivery app
solution in place, your users can order for fuel
at any time and from anywhere.
6

• On-demand food delivery app

The food delivery industries are one of the
leading on-demand app industries. Online food
delivery service works on removing the barrier
between the merchants and the customers.
7

• On-demand Healthcare app

The healthcare industry is becoming one of the
most chosen destinations for entrepreneurs who
want to build an empire in the on-demand space.
On-demand apps have changed the way patients
interact with doctors and have also made it
possible for them to order prescribed medicines
to be delivered at their doorstep.
8
Conclusion At times, when COVID-19 is spreading
rapidly across the worldwide affecting millions
of individuals as well as businesses, transform
your business into an on-demand economy service
is the best option for you to save it from
coronavirus effect. Article Resource -
https//zimblecode.com/introducing-on-demand-econo
my/