on-demand model
Mohit Singh
Mohit Singh

Key Industries Leveraging The On-Demand Model

Imagine it is 2010, and you have just gotten a smartphone. The potential of smartphones was way different than it is now in 2023. We all wanted to do everything on our smartphones, but they were not advanced enough to achieve that.

Fast forward to today, and nearly everything is possible with a smartphone. Not only in developed nations, developing countries like India have several regions where industries are also working with an on-demand model. From healthcare, education, entertainment, e-commerce, food, restaurants, and more, a lot of industries are adopting the on-demand culture.

Key Industries Leveraging The On-Demand Model

On-Demand in the Education Sector

On-demand culture became highly popular in the education industry during the pandemic. And, when the pandemic got over, people realized the flexibility and agility that technology brings to the education process. In the education sector, on-demand brings:

  • Flexibility to access content and resources from anywhere, anytime
  • Interactive quizzes, discussion forums, and other resources are available as demanded by the students.
  • Tutor finder apps are making it convenient for students to search for tutors right from their smartphones.

Undoubtedly, the education industry is leveraging the on-demand model for higher growth and revenue. It has the potential to serve a wide range of learners, from K–12 students to working professionals seeking to enhance their skills. Today, 75% of schools in the US plan to operate completely online. The eLearning app development will further expand the possibilities and reach of on-demand education in the future.

Read More: What are the Best e-learning App Development Companies to Hire?

On-Demand in the Entertainment Industry

We have switched from the cable-and-setup television era to streaming platforms. TVs are Wi-Fi-based, offer internet connections, and have their own operating system that supports streaming applications. The on-demand model has significantly transformed the entertainment industry, providing consumers with greater flexibility and choice in how they access and consume content. The model brings:

  • Video streaming services like Netflix and Amazon Prime On-Demand
  • On-demand music streaming: Popular examples include Apple Music, Spotify, and Hungama.
  • Cloud gaming On-Demand i.e., no matter where the PlayStation consoles are, users can play games over the cloud.

The video-on-demand market worldwide is projected to reach a revenue of US$159.90 billion by 2023. It is proven that on-demand entertainment has transformed the way people consume content, providing a more personalized and convenient experience. It has also led to significant shifts in the business models of the entertainment industry, with traditional media companies and new players competing to capture audiences in this evolving landscape.

Read More: Entertainment World Requires a New Sensation: Cost, Features & Requirements Guide of Video Sharing Social Media App Development?

On-Demand in E-commerce Industry

The concept of on-demand has also had a significant impact on the e-commerce industry. On-demand services in e-commerce provide customers with convenient, flexible, and efficient ways to shop for products and services. Whatever products users want can be delivered right to their doorstep.

From payments to trying dresses using virtual reality, the on-demand culture is disrupting the e-commerce industry. Not only this, but the customer service experience has also become in demand. Customers can connect with the customer support teams directly from their smartphones by texting.

Read More: Complete Guide on Multi-Vendor E-commerce Marketplace Development

Looking at this, more and more entrepreneurs are targeting eCommerce app development service providers to build their unique e-commerce app ideas. Why? Because of the on-demand model in the e-commerce industry, it has transformed the way people shop and receive goods and services, emphasizing speed, convenience, and personalization. Retail e-commerce sales were estimated to exceed 5.7 trillion U.S. dollars worldwide. Additionally, on-demand also led to changes in logistics, supply chain management, and customer engagement strategies for businesses in this sector.

On-Demand in the Food Industry

The on-demand model has significantly impacted the food and restaurant industry, changing the way people order, receive, and enjoy food. On-demand services in the food and restaurant industry provide customers with convenient and flexible options for dining, including takeout, delivery, and even new concepts like cloud kitchens. The service is available to users in multiple formats like:

With the disruption of on-demand food & restaurants, there are new opportunities for entrepreneurs and food businesses to expand their reach and adapt to changing consumer preferences. However, while building an app for the food industry, it is essential to work with a top on-demand food delivery app development company for a successful app.

On-Demand in the Travel and Transport Industry

The on-demand model has had a strong impact on the travel and transport industry, offering travelers more convenient and flexible options for planning and completing their journeys. These services in travel and transport provide passengers with greater control over their travel experiences and more choices in how they get from one place to another.

  • Ride-sharing services
  • Car bikes, scooters on rent
  • Carpooling On-demand services
  • On-demand car wash
  • Packers and Movers on-demand

In the coming future, the on-demand travel and transport industry is expected to expand at a compound annual growth rate (CAGR) of 3.8% from 2022 to 2028. With the help of on-demand culture, the travel and transport industry is able to drive innovation in the way transportation providers operate, adapt to changing consumer preferences, and utilize technology to enhance the traveler experience.

On-Demand in Healthcare and Fitness

On-demand services in healthcare and fitness have transformed the way individuals access medical care, wellness programs, and fitness resources. These services offer convenience, flexibility, and personalized options to help people take control of their health and well-being. Here are some on-demand service types in the healthcare and fitness sectors becoming popular:

  • Telemedicine and Telehealth services
  • Workout plans and diet On-Demand
  • Training coaches On-demand
  • Mental health and counseling On-demand

Additionally, In the health and fitness industry, IoT app developers are playing a key role in achieving the on-demand model.

Read More: The Role of Artificial Intelligence in Sports App Development

Wrapping Up

All the major industries are heavily adopting on-demand models to maximize their growth and revenue by keeping up with the trend. Users today have diverse options available to choose from. For the entrepreneurs where the app development work is very competitive, finding the right digital transformation partner becomes a focus task. Make sure that you hire the right app development partner to convert your app idea into a digital product.

Coming back to the conclusion, in the coming future from developed to developing countries, all of the industries will have an On-demand model. And, we are not far from seeing that.

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WRITTEN BY
Mohit Singh

Mohit Singh

Mohit is a writer who makes technology easy to understand. He uses clear and simple words to explain technology for techy and non techy people who may not know much about tech. Mohit wants everyone to get how technology works without it being confusing. He's really good at turning complicated ideas into simple articles that anyone can read and enjoy. Mohit's goal is to help people see that tech isn't so hard to understand – it's for everyone!

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