An average adult is living a more complex life than ever in human history. The burden of responsibility on a person has exponentially increased. Just ask yourself how your schedule is compared to what it used to be 5 years ago. Even if you don’t pen down your schedule you can see it is relatively hectic, right?
Thankfully, we have technology at our disposal to make our lives somewhat easier. It has become more efficient and convenient to do menial jobs like calling a cab or ordering pizza, from the comfort of your smartphone.
Our hectic schedule has given rise to another trend that is On Demand apps. Experts predict that by 2020, 7.6 million Americans will give a boost to the On Demand economy, and by 2023, On Demand food apps will generate a revenue of $161.74 billion. Well, this doesn’t comes as a surprise. With the mainstream availability of high-speed internet connection such as that from Spectrum in Tampa, FL, reaching new heights of revenue will become a thing of routine for such apps.
What are On-Demand Apps?
On-Demand apps offer you desired service right where you are. These apps have been designed to link businesses providing a service to individuals who want that service. An On Demand app doesn’t necessarily mean that the service provided is owned by the developer. Apps like Food Panda, Task Rabbit, and Zomato help businesses register their services on the app so that customers can contact them directly to have their needs catered.
Why Are They Here To Stay?
The On-Demand industry currently have a whopping $58 billion in sales. This revenue mostly comes from people between the ages of 18 and 34 who are mostly on a tight schedule. All of this has materialized within the past 5 years primarily because there are a lot of benefits of using an On Demand app.
Humans have an innate and immortal desire to have the most they can get in the shortest amount of time and this motivation for doing things quickly acts as the driving force behind On Demand apps. On-Demand apps have incorporated a tremendous amount of ease into our lives. We are currently living in an age where we can even hail relevant medical services using an app. It seems like that soon we would be able to get anything and everything just at the tap of our fingers.
On-Demand apps aren’t only about time-saving and convenience, they also tend to give customers a very personalized experience. Seriously, what’s better than staying at home and ordering food from your favorite restaurant, instead of driving to it and waiting to be served? Once again the future of these apps is closely linked to the satisfaction they provide to customers.
An On-demand app can be a dream come true for a business in terms of expansion and customer reach. Most businesses are unable to break the ceiling of sales within their area of operation if you take away their digital marketing practices. However, with an On-demand app, businesses can reach more people within no time.
In a Nutshell
Like any industry, On-Demand app industry has to overcome certain challenges. Businesses using On-Demand apps must make sure that the overall package provided with the service is exhaustive because that is what defines customer experience. Speaking of customer experience, Spectrum Customer Support is redefining customer support practices for brands everywhere. With just one call, customers can have all internet, cable TV and home phone issues resolved, in a jiffy.
Businesses going for On-Demand apps must ensure that they can handle exponential growth that comes with it; once your service is on the web, everyone will want to have it. It is for these reasons that experts believe that the bubble for On-demand apps will likely burst in the future as these businesses tend to violate regulations and soon this market will reach its saturation.
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