With the increasing inclination towards independent work, laborers are exploring opportunities to reach out to customers. Visiting customers in-person is a highly unlikely event in a vastly-populated environment. However, most people have one thing in common – smartphones and on-demand apps. Leveraging this medium to bridge the gap between service providers and customers can yield fruitful results.
Well, this concept of the on-demand home services app has already created a positive impact on the audience. Apps like TaskRabbit, Urban Company, etc., are some of the successful startups in this flourishing market.
One of the most significant advantages of on-demand apps contributing to their massive popularity is flexibility. Service professionals needn’t work between fixed hours for a substantially lower income. Instead, they can switch between availability, choose the income scale based on their preferences with on-demand home service apps. Similarly, customers can schedule services well-in-advance, and communicate with service professionals, paving the way for flexibility and convenience.
The market for on-demand apps is growing exponentially, and entrepreneurs who wish to capitalize on the situation need to react quickly. If you’re an entrepreneur aspiring to launch a feature-rich home services app, you’ll need to equip yourselves with specific prerequisites. This blog caters to the growth, opportunities, and challenges of the home services market.
Numerous household activities need expert assistance nowadays. From vehicle maintenance to lawn cleaning, people expect services. The best part is where do these people look for services? Exactly, the Internet. The digital era has made access to services simple. With a portable gadget making the process even more comfortable, people needn’t think past their smartphones.
The American home services market currently has a market value of $600 billion. As an added advantage, the market for online home services forecasts a CAGR of 49% worldwide.
With the smartphone users poised to cross the 4 billion mark anytime soon, an entrepreneur aiming for success cannot ignore the impact of on-demand apps. This billion-dollar industry is on the verge of becoming the next big thing in the modern era.
Before venturing into any sector, it is vital to understand the nuances, threats, and opportunities. Let’s discuss the prerequisites for an on-demand home service app development here,
Just like any other sector, the scope for the online home services market varies with geographical locations.
According to Transparency Market Research, North America and Europe are among the top locations to establish a home services business. The ease of access to services and recent advancements in modern technology favors the massive growth in these areas.
Besides, locations like the Asia-Pacific, Latin America, and countries in the MENA region are experiencing a massive boost for the home services app.
It is clear that business opportunities in the home services sector are abundant, considering smartphones’ role among the population worldwide.
Where there’s room for opportunity, there are inevitable challenges as well. A successful entrepreneur sails past these challenges unaffected while others succumb to the vicious cycle of falling below customer expectations. Here are some key challenges that you need to focus during development and deployment,
The COVID-19 outbreak appears to be adding fuel to the flame of on-demand apps. People’s dependency on on-demand apps for services has surged massively following the pandemic. Multiple delivery services & telemedicine services are growing exponentially. Opting for an all-in-one Super app appears to be an ideal way to gain instant traction in such a scenario.
In case you’re wondering what Super apps are, they are multi-service apps capable of providing numerous services with a single app. Apps like Gojek, Grab, etc., are based on this concept. Rolling out a well-crafted Gojek clone app can benefit people and boost your profits seamlessly. The clone app can encompass more than 60 services in it. This way, in addition to profits from home services, you can provide delivery, ride-hailing, digital payment, and many more services, boosting your income.
Amid the pandemic scenario, the market for on-demand apps is growing at a whole new level. Entrepreneurs can make the most out of the situation with a multi-service app. By equipping the necessary resources, understanding business opportunities, and overcoming challenges, you can gain an irreplaceable position in the market.
Reach out to an app development company, tell them your visions and needs, and launch a highly reliable multi-service app right away.
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