As we reach the end of 2021, we observe that businesses today have undergone a wave of digital transformation. Starting from the way they market, offer their services, and flourish. And on-demand app development is the sole reason that made this evolution take place.
Hirav Shah, a veteran Business Transformation expert cum Astro Strategist, says, ” There is a massive list of companies that have jumped on this train and made the best of their businesses with online services. And this is the actual topic of our discussion today, where we will see how companies today have leveraged the on-demand app market and made multi-million businesses from start-ups.”
Here we go!
Table of Contents
What are On-Demand Apps?
An on-demand app is a mobile or web app that allows users to order goods or services from a service provider at their doorstep. The platform can be an aggregator of various providers from the city or nearby. Or they can be a single renowned provider like Walmart.
This works as a win-win situation for both consumers and providers. The consumers get to choose from numerous providers, while providers can extend their pool of customers without investing too much in their marketing strategies. In addition, new players in the market get a fair chance to offer their services, creating a competitive advantage.
One can imagine on-demand app development solutions as a bridge between businesses and consumers. In addition, the service has introduced convenience to time-poor individuals, families, and millennials.
Market Size: On-Demand Apps
Many businesses across the globe have successfully identified customers’ pain points and become an integral part of their lives. This has resulted in constant revenue growth, investments, profits, market share, and more.
Here are a few statistics that offer an idea of how the on-demand economy has flourished over the years.
- As of March 2020, Urban Clap, now known by the name, reached a valuation of 900 million USD. The platform has raised a whopping 215 million USD in funding.
- Swiggy has been valued at 3.8 billion USD since February 2020 and has raised 150 million USD in the past year.
At the end of 2019, Ola cabs reached a valuation of 10 billion USD and managed to raise 3.8 billion USD over 25 rounds of investment. - Coursera raised a surprising 130 million USD in series f round and reached a 2.5 billion USD valuation by July 2020.
- In its seven stages of funding, Uber raised 10.2 billion USD in funding and was valued at 120 billion USD before its IPO.
Types of On-Demand Apps in the Market
Here are the types of on-demand apps currently available in the market.
B2B: Business to Business
Many businesses offer products and services to other small or large companies, for instance, chemicals for laundry and other related industries, tools for mechanical industries and handyman services, and more.
These B2B businesses cater to specific companies offering raw materials to conduct further processes. Some of the renowned names in the B2B business sector include Delhivery, FedEx, Postmates, Cargomatic, and more. Other virtual B2B businesses include Zoom and WebEx.
C2C: Consumer to Consumer
This is an exciting segment where the sellers are also consumers willing to sell their stuff to earn some return value. This segment also includes jobs or services that can otherwise go without any earning.
These platforms present an opportunity for one to offer anything from a spare room to an old guitar, from collectibles and games to online and offline tuitions. Moreover, the payment system is designed so that the seller or the buyer cannot defraud each other. Some of the famous C2C platforms include OLX, BlaBlaCar, and Sidecar.
B2C: Business to Consumer
This is the on-demand niche that provides business to many services and services to customers. It promotes ordering, listing, transaction of services and goods among providers and consumers. In addition, customers get an option to pay the same online or cash-on-delivery. Successful B2C platforms include Urban Company, Ola Cabs, VistaJet, Swiggy, and Postmates.
C2B: Consumer to Business
Today, the internet presents an opportunity for learned and skilled individuals to offer their services to corporations and institutions around the globe. Individuals can work as freelancers without becoming full-time employees of the organization. These platforms have ample opportunities for creative work like content writers, social media influencers, game and graphic designers, and more. Some of the well-known examples of these platforms include UpWork, Fiverr, Unsplash for photographs, Freelancer for web and mobile app development, and more.
Hirav Shah concludes by saying, ” We hope it offers essential information on the rising trend of on-demand app development. However, to get accurate information on the market stats of your business niche in 2022, you would have to get in touch with a top mobile app development company.”
2021 is a thing of the past for the most successful people globally, and 2022 has already begun… Has it for YOU?
Who doesn’t want to experience success in business?
But are you truly doing the right things to get there?
Can you honestly say that you are taking ACTION on your goals?
If you hesitated AT ALL answering any of those questions, you need to shift your focus to doing what’s necessary to get the success you desire…
Without an actionable strategy, NOTHING is possible.
With Astro Strategy, EVERYTHING is possible.
So plant the seeds now for your future, and focus on investing energy in the habits that will create the results you want.
NOW is the time to do what you have wanted to do. Don’t procrastinate and rob yourself of a more exciting future…
What ONE goal will you focus on for a head start in 2022?
Any confusion or difficult YES/NO Business decision requires an expert opinion.
Just make sure your business strategy in terms of Brand, Sales, Marketing, Advertising, Mergers, Diversification, etc.… is still on track to reach your goals. Business Astrologer Hirav Shah’s answers have proven to be game-changers.
It’s time to fire up your future!!
