Hypergrowth is upon us!
Long gone are the days when you sat by the window and wished to eat your favorite ice cream. Today, everything is delivered to your doorstep within minutes, improving the demand-to-supply ratio.
This change in the supply chain gained traction in one fell swoop after the Covid-19 pandemic. Considering the swift spread of the virus and its pace overwhelming the healthcare industry, the governments imposed lockdowns nationwide.
When governments asked communities to shut their doors and windows, limited physical contact, and introduced social distancing practices, on-demand apps took the front row. They were the shining stars in the dark space that brought businesses closer to their customers during tough days.
For instance, Uber went above and beyond and didn’t remain another ride-sharing app. Its vines creeped out as UberEats and ventured into the food delivery industry. Users used their accounts to order food from restaurants. The charges for the delivery services depended on the distance between customers and restaurants.
To put emphasis, the on-demand app development gratitude train doesn’t stop here. According to Statista, the total revenue in the app market is projected to sail beyond US$430.90 billion in 2022.
It implies that the on-demand app economy will continue to introduce new ways of operations in the supply chain and familiarize customers with novel and innovative technologies.
With an increase in the sophistication of technologies, it has become easier to sell services and products online.
Merchandise purchases, bill payments, e-learning, medical appointments and consultation, booking of airline tickets, sea and land transportation, hotel reservations, and food delivery—nothing is out of reach now.
Hence, it is the perfect time to expand your brand and draw an upward trend in your financial documents.
Explore the following types of on-demand app development services to invest your hard-earned money:
A family dinner, a conference meeting, or a friend’s reunion — online food delivery gives a finishing touch to each occasion.
The on-demand food delivery market has reached new heights in both the United Kingdom (UK) and the United States (US) since lockdowns in March 2020.
Source: McKinsey & Company
With such a prompt spike in their popularity, the U.S. market became more complex with four top competitors. Namely, DoorDash, Grubhub, Postmates, and Uber Eats emerged on the delivery battlegrounds as wild rivals.
DoorDash took the throne in San Jose with 77% of the market share, Houston with 56%, Philadelphia with 51%, and San Antonio with 51%.
Capitalizing on its 2020 acquisition of Postmates, Uber leveled the battlefield. They led the market in Los Angeles (50%) and New York City (41%).
Source: McKinsey & Company
Hence, it is high time to invest in the online food delivery market, as these stats are not going to let the on-demand app development companies slip down the success hill. So sharpen your tech stacks, assemble your on-demand app development team, and refine your business model.
Netflix is a go-to partner when it comes to binge-watching during late nights. Or at least, we all know someone who is willing to share their password. Apart from enhancing human bonding, Netflix and other streaming apps have exposed us to a whole new world of entertainment.
On-demand streaming services began as an add-on to DVD and digital download offers, with a small selection of second-run movies and TV series. They were supplements to the shows you saw on cable TV during their original runs.
Must Read: On-Demand App Development: A Comprehensive Guide To Build Your Brand Equity
However, faster internet connections and abundant media streaming gadgets have hastened conventional cable's demise. A growing population is abandoning cable in favor of specialized streaming options.
The threat is not lost on the entertainment and technology titans. They quickly caught up and rebranded as Disney+, HBO Max, and more. It exhibits that on-demand app development companies are growing more enormous, leaving your customers with a wide range of options.
Thus, building a live streaming app, mainly on Ruby-on-Rails, can be your next investment project.
People spend hours on their grocery shopping runs — driving to supermarkets, rushing trolleys down the aisles, and waiting in queues at the counters to make transactions.
All this tumbled when on-demand grocery apps emerged as an earthquake during the Covid-19 pandemic. These apps showed a new way of fulfilling needs with just a single tap on mobile screens.
Namely, Instacart, Postmates, Big Basket, Shipt, and more established an economy. They provided customers with the convenience of shopping from home. Sellers saw them as a reliable platform to sell their items when the pandemic played a pivotal role in fewer sales. In contrast, some pictured them as part-time employment opportunities.
Thus, investing in on-demand grocery apps can yield profits for you as it is a new market with low competition. You have the business opportunity to seek your path to becoming the market leader.
Ride-sharing apps are everywhere!
During the projection period of 2021 to 2029, the global on-demand transportation market is estimated to expand at a CAGR of 16.30%. Because of the surge in smartphone and internet usage, the on-demand transportation business will likely develop rapidly soon.
Furthermore, elevating traffic difficulties, scarce parking spots, and a rise in the use of cab/taxi-sharing services are the driving forces in the market. To obtain market share, industry players use new growth methods such as product launches, mergers, and acquisitions.
For instance, Uber, InDrive, Lyft, Waze Carpool, and more have saturated the on-demand web application market. Considering these factors, we predict exponential growth in the on-demand transportation market.
Imagine that you get up in the morning, eat breakfast, get ready for work, and leave your messy house and dirty dishes behind. Surprisingly, when you returned home at night, you discovered a nice, neat-n-clean home, with well-organized cupboards, crockery, and everything in its proper position.
You might be interested in ON DEMAND HOME SERVICE APPS: WHAT ARE THE POINTS TO CONSIDER?
What is your likely reaction? At ease after a hectic day, right?
Well, guess what! It is longer a dream. On-demand app development solutions have made things we thought impossible possible.
Ever since the inception of Thumbtack, Task Rabbit, Handyman, etc., people have become capable of managing their busy lives. On-demand mobile app development services enabled people to employ someone to clean their houses and manage their daily domestic chores. It can be cleaning, painting, plumbing, packing & moving, or organizing.
If you are someone who wants to jump on the bandwagon, we assure you that it is a highly-profitable business decision, especially when the right strategies and development team support your ideas. ARFASOFTECH is more than ready to accompany you and accompany you on your journey. But before that, we would like to share the famous features that will attract customers and make things simpler.
Have a look:
Online shopping experience comes with the liberty to choose from various online payment options. Digital wallets, credit cards, cash on delivery, and internet banking improve your customer retention and experience.
Most importantly, users demand that brands keep their payment details private. Failing to provide this sense of security can damage your brand image. Therefore, on-demand app developers must integrate payment functionality using PayPal, Visa, and similar APIs. It will transfer the responsibility of protecting sensitive data to the third-parties.
Delivery applications that provide transportation services of some kind—ride-hailing, grocery and food delivery, or package delivery—should have live tracking capabilities that display the rider's actual location. It, like a loading bar on a website, reassures consumers that something is happening behind the scenes.
Live tracking is also useful for providing a firm deadline for cancellations or adjustments. Combining a clear cancellation or change policy with GPS monitoring minimizes waste and enhances the likelihood of effective service completion.
You can share pertinent information with customers via push notifications. They are suitable for the following reasons:
Important and time-sensitive messages given via push notifications promote engagement and enhance app usage when utilized sparingly. This functionality gives reassurance to consumers as they are waiting for their orders to arrive.
You can add a personal touch during the custom on-demand app development process by integrating instant messaging features. As several stakeholders come together to deliver the service over the cloud, in-app messaging can solve various queries and eliminate miscommunication.
Although smart assistants are popular for this purpose, you must create an on-demand app that provides detailed information on order processing, payment issues, subscription, wrong placements, damaged orders, and more.
If you believe Netflix understands your film preferences the best, it is due to its AI-based recommendation engine. Custom on-demand app development solutions should be proactive in learning individual consumers' preferences and interests.
As an outcome, they will recommend things and services your customers are most likely to buy or use. Thus, view recommendation engines as a method for continually driving sales and money to your business.
We all have a long wish list because we cannot access everything we like. Similarly, your customers do not always purchase things that they like. Sometimes, they visit mobile apps for the sole purpose of online window shopping. They look at the items they wish to buy in the future.
Therefore, the “wish list” feature will come in handy during the on-demand mobile app development process. They allow you to lock your potential customers and push sales through newsletters and push notifications.
Related: On-Demand Services App Development – Benefits & Opportunities
Once you have determined the nature and features of your on-demand app, it is time to pick the right developers. These developers must be experienced in the tech stack best suited for your app.
For instance, the Native app technology stack assists in integrating in-built features such as GPS without relying on third-party entities. Your team can utilize Kotlin and Java programming languages to build native apps. Java is the oldest technology on the block. However, Kotlin is newer and regarded as more reliable than Java.
Furthermore, Kotlin fills a hole left by Java, such as constraints with Android API design, which are heavy and tedious.
Whereas Ruby on Rails is best suited for live-streaming applications.
In the same manner, Objective-C and Swift are key languages for iOS applications. In contrast, Elixir will ease up the coding syntax, improving fault tolerance.
You can learn more about tech stack and their specific advantages in our free consultation session. If you want a demonstration, ARFASOFTECH offers a 7-day trial to kickstart your on-demand app development process on factual and good terms.
So, schedule a meeting today to strengthen your in-house team with well-versed developers and an advanced tech stack.
Book A Consultation Call
You can build an on-demand application by following the steps mentioned below:
Conduct market research and define your target audience.
Customers can use on-demand applications to connect with various service providers and vice versa. They allow consumers to purchase any type of service and attempt to deliver it in minutes, similar to how Uber works.
An on-demand firm strives to provide goods and services to its customers' doorsteps as quickly as possible. The on-demand economy is based on speed and simplicity of solutions, which makes it appealing in a world where we want quick answers to everything.
The cost of developing an on-demand app depends on various factors such as the objective, type of app, timeline, budget, tech stack, complexity, team members, product managers, region, and more. Thus, the cost varies. These apps demand considerable finance and integrate characteristics of social network solutions and eCommerce applications.
You can hire on-demand app developers from ARFASOFTECH through its engagement models, i.e., staff augmentation, dedicated teams, and product management (fixed gigs).