2020 has been a learning curve for people on a personal as well as professional level. The shutdown of offices and many businesses have taught many useful lessons to business owners all over the world. Surely, the times were tough but as always we humans have come out stronger and wiser.
If you think about it, technology has been a backbone to help the world sail smoothly in such difficult times. We have grown so dependent on technology that it has become our instinct to seek assistance from online services for any task that we want to do. The use of on-demand app development services has for sure observed a surge in the number of users and revenue.
Gone are the days when you had to go physically to procure products or services. Today with such a tremendous hike in the use of smartphones the use of on-demand apps has also increased exponentially.
This blog dives into the current on-demand market, and the ideas that can offer great business opportunities in the on-demand sector. Read on to learn what the future of on-demand businesses holds for entrepreneurs and investors.
Overview & Market Analysis:
Let’s catch a glimpse of what the numbers have to say about the on-demand business sector.
- 86.5 million people in the US used on-demand services in 2020.
- About 22.4 million consumers subscribed for annual on-demand services generating 57.6 billion USD in revenue.
- A total of 45 million companies and individual service providers in the US prefer using on-demand services now.
The on-demand apps connect their consumers with their preferred service providers. Today, users prefer paying a little extra instead of wasting their time and energy on physically hunting for what they want.
On-demand service providers are making use of all the Industry 4.0 techs such as Artificial Intelligence, Augmented Reality, and IoT to offer better and convenient services to their users. Let’s have a look at some of the most promising on-demand app ideas that have the potential to create successful businesses.
Top 5 On-Demand App Ideas with Business Potential:
- On-Demand Laundry Booking:
There are so many things that are going on in one’s life that doing timely laundry has become a dream for many. Today, as we order our food or a cab, users want apps that can take care of their laundry too. According to surveys, the on-demand laundry apps generated 80, 030 million USD in revenue in 2020.
Imagine the convenience these apps could offer. A user can sit on their sofa and search for all the laundry service providers in their locality. They can filter vendors using price, reviews, and ratings. Choose the services they want to avail themselves, pay online, and check-out. Delivery personnel will be notified about your address and they will make the to and fro delivery. There is going to be an increased demand for such apps in 2021.
- On-Demand Home Cooking:
On-demand food delivery apps are already a huge hit among users all over the globe. But there are certain days when you want to cook something for yourself by yourself. There are apps like SuperCook and BigOven that assist you in exploring this dimension.
Using such home-cook assist apps such as SuperCook, anyone can prepare meals by just naming the ingredients they have available with them. The app would find the most suitable recipes from established websites to help the user prepare a meal.
Your app can also offer functionality like BigOven where one can search for any recipe and also socialize through their home-cooked meals. Yes, the app allows you to share the recipes with your friends and family while also offering the provision of following them.
One of the other models for home-cooking apps is providing the user with the ingredients and recipe for preparing a particular meal. This can work well with time-poor individuals or families or almost anyone. The home-cooking app ideas have many different business dimensions that you can place your feet in.
- On-Demand Tutor:
The online education market has gained significant recognition since the COVID crisis. Users were eventually adapting to the concept of online education but the pandemic left schools, colleges, and other institutes with no other option.
But the times are changing now and we’re moving back to the way we functioned before COVID. The availability of a personal tutor will always be more beneficial to students due to the real-time presence of an individual. This service can also be availed via apps so that a user doesn’t have to go looking out for tutors in the market.
The tutors can create their profiles mentioning their experience, educational qualifications, hourly rates, and other such information. The users should also be allowed to try a few trial videos and then pay the subscription fee for any particular tutor. The app idea holds tremendous business potential.
- On-Demand Fitness Coach:
Fitness has been a highly discussed topic in recent years. Due to the fitness promoted by celebrities and politicians the world is eventually adapting to the idea of healthy living. Many apps offer fitness coaching videos and ways to go about creating a healthy mind and body. An on-demand fitness coach app presents you with different forms of fitness regimes such as gyming, Zumba, yoga, meditation, and much more.
A user can choose the type of exercise they want to practice, shortlist the service provider from the app, and then practice their sessions. The users have to pay the charge pre-decided by the service provider and all the payments can be made online.
- On-Demand Psychologist Hiring:
We function at our best when our physical health is in congruence with our psychological health. It’s the combination of both that accounts for a healthy mind and body. Due to the hectic life individuals live and the on-going events of one’s life at times it can be difficult to cope-up with reality. In such a situation, one should seek help from a professional Psychologist to help them address their condition and find working solutions.
Your app can offer the users a list of all the available Psychologists, their qualifications and experience, rates, and other such important information. The users can shortlist their preferred service provider, and work their way forward from there.
All the payments and sessions can be conducted online making optimum use of technology. There is a strong current market for such apps and also holds a promising future.
Above we learned how the use of on-demand apps has increased over the years and the app ideas that hold futuristic business potential. The on-demand apps also have great statistical backing in terms of the revenue it would generate and their annual growth rate.
The overall analysis of the market states that this area of business is worth investing in.
Do you have a groundbreaking on-demand business app idea? - Yes!
Then when are you going to start investing in the same?
Sanjay Rajpurohit is a Serial Entrepreneur, one of his successful ventures is Technource, a Mobile app Development Company. With 9+ years of industry experience, he shares his guidance to start-ups to grow with project delivery solutions.