On-Demand Mobile App Development Enhancing Business Growth in 2020

The on-demand economy, also known as the 'access economy', is rising at a rapid pace. As the name suggests, the on-demand economy refers to the collection of digitally-driven economic activities and services that are available to the users on specific demand characterized by fast service, easy access, and efficient experience. On-demand mobile apps are one of the most reliable business models that ensure that customers are served in no time while delivering high user satisfaction and seamless experience. On-demand mobile apps have become turn-key solutions for businesses operating in a service-based economy. Whether it is taxi booking, health, and fitness, meal delivery, table booking, grocery shopping, flight booking, housekeeping, or spa and salon services, every business will turn towards on-demand mobile apps to bridge the service gaps in 2020

What is On-Demand Mobile App Development? 

Precisely, on-demand mobile app development is a comprehensive process that aims to develop on-demand mobile app solutions for Android and iOS while considering the specific business needs and customizing the features for competitive positioning. The trend of on-demand apps has gained traction after the massive success of Uber, Airbnb, and Netflix in the US market. Today, businesses are seeking Uberification of every vertical to impart the benefits of Uber-like business model calling it "Uber for X." On-demand mobile app development provides an opportunity for businesses to leverage an ever-evolving on-demand economy. 

On-demand mobile apps are majorly driving sharing economy, which is based on the principle of using technology like collaborative platforms that facilitate the exchange of goods and services between two or more parties. According to a report by PWC, the sharing economy is expected to touch USD 335B by 2025.

Benefits of On-Demand Mobile App Development for Businesses 

On-demand app solutions are just a starting and will grab higher market share in 2020 as more and more users will look forward to convenient and trustworthy platforms that can deliver high-quality services at their doorstep. According to a recent study, the investment in the on-demand industry will reach USD 93M by 2022. The figures are enough to understand the potential inherited in the on-demand app industry. 

Here are some pertinent benefits that businesses reap after investing in on-demand mobile app solutions. 

Delivers high value to customers: On-demand mobile apps are based on the latest technology that automates business processes and expedites the delivery. The services that were initially available through a time-consuming process are now available on a single click with on-demand app solutions. Moreover, the convenience and comfort of customers increase as they can access quality service instantly, thus delivering value-driven transactions to the users. 

Builds brand image: As the experience of the customers with the brand gets enriched through on-demand apps, they display loyalty towards the brand. It invariably affects the brand positioning in the industry. A carefully developed on-demand solution can become your brand voice while offering a competitive edge to your business. 

Generates higher revenue: On-demand apps enable brands to interact with customers directly by eliminating the intermediaries or mediating platforms, thereby increasing profit potential. Moreover, with on-demand apps, you can create more demand for the services and allied products by offering personalized offers and discounts that inspire customers to transact with your brand. 

Attracts investors: After the success of Uber and Airbnb, more and more investors are looking optimistically towards the on-demand industry. If your on-demand app solution is unique, customer-friendly, and caters to a niche segment, you can easily attract investors to strengthen your brand presence the globe. 

On-Demand Mobile App Development for Multiple Industries 

On-demand apps are revolutionizing the business model in numerous industries. With the capability to offer seamless user experience, on-demand mobile apps are predominantly used for taxi booking, spa and salon services, food ordering and delivery, movers and packers services, laundry services, doctor services, pharmacy, and grocery shopping, watching online movies and songs, gifting industry, healthcare, coaching services, pet care, house cleaning, health and fitness, eLearning, eWallet, car wash, logistics, babysitting, dating services and many more. 

Where to Find the Best On-Demand Mobile App Development Company 

Panacea Infotech is a leading on-demand mobile app development company with extensive experience in developing on-demand solutions in various niches. Our experts are highly knowledgeable and possess domain expertise in developing customized on-demand solutions after understanding clients' requirements. Your business can also reposition itself with more force in 2020. Collaborate with our mobile app professionals and be a part of the on-demand economy in 2020.