Scientists around the world are working around the clock to find a vaccine and cure for the COVID-19 virus. We have already lost many hundred thousand lives while millions are severely affected, battling for their lives. Unfortunately, the number of cases is not declining. On the contrary, it is rapidly increasing in most countries, including the USA, India, Russia, and Brazil.
The world is vehemently fighting the Coronavirus and is trying to find a balance between saving human lives and getting the economy on track. India is no different. India is already into the un-lock phase, and green shoots are becoming visible, albeit increasing the number of cases of the dreaded Coronavirus.
Every adverse condition opens new doors to solutions. While COVID-19 has been one of the biggest dampeners in recent history as far as the economy is concerned. But at the same time, it has given a tremendous boost to the on-demand app economy.
What is the on-demand mobile app economy?
When a user uses a mobile app or web portal to order for services or products, and then the services or products are delivered offline in a defined time, it constitutes an on-demand economy. There are countless examples of such services – Amazon/Flipkart, which take online orders and deliver the goods offline, represents an on-demand mobile app economy. Similarly, food ordering apps like Zomato, grocery apps like BigBasket, cab-booking apps like Ola, streaming apps like Netflix, video conferencing apps like Zoom, among others, are part of this burgeoning on-demand mobile app economy.
The on-demand economy has seen staggering growth over the last few years. Currently, the on-demand app-based industry is galloping at a CAGR of over 18% annually. In 2015, it was a $57.5 billion industry, estimated to swell continuously and breach $335 billion by 2025!
While the orders could be placed using the web portals, but mobile apps have given a fillip to all the companies’ revenues. Mobile apps not only help in the higher brand recall, but they also increase customer retention, which ultimately leads to higher sales volumes. Goes without saying, on-demand mobile apps are seeing massive growth, and this trend is bound to continue post-COVID-19 era.
Types of on-demand mobile apps
If you are an entrepreneur, this is the best time to make the most of this adverse time. Whether you have an existing business or have plans to start one soon, the below-given summary will help you get the right perspective before going for your on-demand mobile app.
1. Food ordering apps
Zomato, Swiggy, Uber Eats, etc. are prime examples of food delivery apps that have changed the landscape of the food delivery business and have played a significant role in increasing sales of the local food joints. If you are into the food business or wish to get into this field, this is the best time to get your food ordering app.
Also read: Get a closer look at our recent work portfolio (Mobile App Developed by Sankalp)
2. Grocery apps
Apps like Big Basket, Grofers, Amazon Pantry, etc. have popularized home delivery of quality groceries. Reliance, India’s largest corporate house, is in an advanced stage of launching its grocery app in 2020. It has plans to receive online orders and execute those orders through the local Kirana stores. These days organic products are highly in demand. This demand will continue to grow in the coming years. Start today to reap the benefits tomorrow!
3. Online communication apps
Apps like Zoom have become household names as parents and children alike are using the app to WFH (Work From Home) and attend online classes, respectively. Such communication apps that include video conferencing, screen capture utility, among others, will remain in demand as schools and colleges will offer hybrid classes (online and offline) in years to come.
4. Utility services apps
The apps like Urban Clap that offer salon facilities at home have suddenly become so popular simply because people are afraid to go out for even a haircut! Such apps that provide utility services will always have traction among people as they offer convenience and reasonable prices, a deadly combo for today’s busy urban life.
5. Edutech or Edtech apps
Many companies have started in the edutech space as schools are ill-equipped to offer online classes in an effective way to their students. These apps provide self-paced lessons, chat utility, live conferencing utility, and tests to learn at their own pace. Other apps provide content and tools for the teachers that help in conducting online classes. This space will continue to expand in the coming years.
Conclusion
When we talk about fatalities because of COVID-19, 2020 is a forgettable year as everyone would like to forget this year as quickly as possible. For entrepreneurs, this is an encouraging time to expand the businesses or start new ones as such opportunities do not come very often.
If you are looking for a top-notch mobile app development company for your upcoming on-demand app development, you need not look further as Sankalp will tick all the right boxes without a blink! They are one of very few CMMI Level 3 Certified and ISO Certified companies in India. Get in touch with the specialist team here.