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Why On Demand Delivery Apps Lead Investment Trends in 2024?

Why On Demand Delivery Apps Lead Investment Trends in 2024?

The 21st-century marketplace is unrecognizable from decades past, largely because technology continues to drive innovation and redefine consumer expectations.

As we stand on the threshold of 2024, the prominence of on-demand delivery apps is indisputable. But more interestingly, their power is transforming the investing landscape, marking a significant shift in what catches the eye of venture capitalists, angel investors, and even the public.

In today’s fast-paced world, convenience is king. But what if you could get anything you need delivered to your doorstep in minutes? That’s where on-demand delivery can come to the rescue!

Imagine a world where you can get anything you need delivered to your doorstep in minutes, from groceries to laundry to even home services. That’s the promise of on-demand delivery apps, and they’re changing the way we live and shop.

These types of applications are no longer merely seen as the best utility tool to get your groceries or a hot meal; they are now perceived as piping hot plates in the world of investment.

In this blog post, we aim to delve into the whys and hows of this evolving phenomenon – exploring the compelling reasons why developing on-demand delivery apps is the hottest investment opportunity in 2024.

On-Demand Delivery Apps Market

On Demand Delivery Apps Market: Key Statistics

The on-demand applications market is a dynamic and exciting space with immense growth potential.

  • Did you know that the global on-demand delivery market is projected to reach a staggering $335 billion by 2025? That’s a massive opportunity for startups and entrepreneurs alike.
  • 86% of people worldwide (6.92 billion) have on-demand delivery apps, and it’s expected to be even more—7.33 billion by 2025.
  • Food delivery dominates the market and it’s estimated to be worth over $1.22 trillion in 2024.
  • 41% of people are happy to pay more for guaranteed next-day delivery. Also, 24% of customers want their stuff on the same day or the next day and are willing to pay extra for that.
  • More than half of the people who use on-demand services are between 18 and 34 years old.

Source: RisingMax

Businesses Before and After On-Demand Delivery Apps

How Were Businesses Before and After On Demand Delivery Apps

Before on-demand delivery, businesses had a harder time because customers had to go to the store to buy things. It was inconvenient, and sometimes people would prefer stores that were more convenient, leading to problems in keeping customers. Now, with on-demand delivery, stores can bring groceries to your doorstep, making customers happier and more likely to keep buying from the store.

To understand this better, let’s see how businesses were before and after on-demand delivery apps came into the picture.

AspectBusinesses Before On Demand Delivery AppsBusinesses After On Demand Delivery Apps
Operational ReachLimited to physical stores and local markets.Expanded reach beyond geographical constraints.
Customer ConvenienceLimited convenience with in-store purchases.Enhanced customer convenience with doorstep deliveries.
Ordering ProcessManual and in-person transactions.Digitalized, real-time, and user-friendly mobile app ordering.
Delivery TimeRelied on traditional logistics, often delayed.Swift and efficient deliveries with real time tracking.
Customer Engagement and LoyaltyLimited interaction, less customer loyalty.Improved engagement through personalized experiences, leading to higher customer retention.
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On-Demand Delivery Market in 2024

Latest Trends Dominating the On Demand Delivery Market in 2024

In 2024, the on-demand industries are poised for exciting investment opportunities. Here are some trends to consider:

Technology Integration

Advanced technologies like AI, machine learning, and data analytics. These technologies enhance efficiency, optimize routes, and provide valuable insights, contributing to the overall success of the delivery process.

Sustainability Initiatives

This may include eco-friendly packaging, electric vehicles, or other green initiatives, aligning with the global push for environmentally conscious business practices.

Hyperlocal Delivery Services

Investments in hyperlocal on-demand delivery services are gaining traction. These platforms focus on delivering goods and services within specific neighborhoods or communities, catering to the demand for quick and localized deliveries.

Top On-Demand Delivery Industries

Top On Demand Delivery Industries for App Development

When it comes to top on-demand delivery industries for app development, the landscape is constantly evolving, with new opportunities popping up all the time. However, some sectors consistently hold strong potential due to their high demand, growth prospects, and adaptability to the on-demand model. Here are some of the top industries with promising prospects:

top on demand industries

Food Delivery

It remains a hotbed for startups and small businesses. With the increasing preference for convenient dining options, investing in an on demand food delivery app can tap into the growing market of consumers seeking restaurant-quality meals delivered to their doorstep.

Grocery Delivery

As consumers prioritize time-saving solutions, on demand grocery delivery apps have gained immense popularity. Startups can capitalize on this trend by providing a platform for users to order groceries online and have them delivered, offering convenience and efficiency in the everyday task of grocery shopping.

Medicine Delivery

On-demand healthcare services, including telemedicine consultations, and prescription deliveries represent a burgeoning industry. Startups can cater to the growing demand for accessible healthcare solutions by building medicine delivery applications that connect users with Pharmacists in real time.

Is Building an On-Demand Delivery App a Golden Ticket for Businesses?

Is On Demand Delivery App Development a Golden Ticket for Businesses?

Seeing the surge in on-demand delivery app market size, we can say that custom app development offers a golden opportunity for startups and small businesses to enter the market and make a mark. The low barriers to entry, coupled with the potential for rapid growth and scalability, make it an attractive investment option.

Startups can leverage the advancements in technology to develop innovative features and tailor their offerings to meet the specific needs of their target audience. The flexibility and agility of startups often allow them to compete effectively against established players in the on-demand delivery market.

Furthermore, by focusing on niche markets or untapped segments, startups can position themselves for success and gain a competitive advantage.

build on demand delivery app
Why Invest in On-Demand Delivery App Development?

How Investing in On-Demand Delivery App Development is Beneficial?

Investing in on demand multi delivery app development can be a profitable opportunity for any kind of business. Let’s see how this happens.

Market Growth

The on-demand economy is booming and is expected to keep growing. More people are relying on doorstep deliveries, creating a prime investment opportunity. Since people have busier lives than before and have preferences for quick deliveries, it provides opportunities for businesses operating in this sector for the first mover advantage.

Diverse Revenue Streams

By developing a custom app an on-demand delivery business gets multiple ways to generate revenue, making them a lucrative investment. Income can come from commission fees, subscription models, advertising partnerships, and data monetization. Diversifying income sources ensures a stable and resilient business model, allowing investors to benefit strategically from different avenues.

Global Accessibility and Scalability

On-demand delivery apps have global potential and scalability. Once developed, these apps can easily adapt to new markets, allowing investors to tap into various regions and demographics. Scalability means the infrastructure can handle increased demand without significantly raising costs, enhancing the long-term profitability of the investment.

Cost To Build On-Demand Delivery App

How Much Will It Cost To Build On Demand Delivery Apps?

The cost of building an on-demand delivery app can vary widely depending on several factors such as the complexity of the app, features & functionalities you want to integrate, app platforms (iOS, Android, or both), and the location of the mobile app development company you choose.

However, to give you a rough estimation, a simple app with basic features would cost you $10,000 to $25,000 and a feature-rich mobile app would cost you $25,000 to $40,000 or more.

So, if you are thinking about making an on-demand delivery app, it’s good to know that it’s an investment, and the cost can vary based on what you want the app to do. Hence, consult with a reputed company and get a more precise estimate that fits your specific needs.

Future of On-Demand Delivery Apps

The Unfolding Future of On Demand Delivery Apps

The future of on-demand delivery apps appears to be incredibly promising. As technology advances and becomes more integrated into our daily lives, on-demand delivery apps will continue to dominate the business landscape.

Predictions suggest that the on-demand delivery market will experience tremendous growth by 2025 and will become an indispensable part of various sectors. With ongoing innovations such as drone deliveries, autonomous vehicles, and artificial intelligence, the efficiency, speed, and convenience of on-demand deliveries will reach new heights.

Wrapping up

How Biglona Can Help You in Building On Demand Delivery Apps?

To capitalize on the vast potential of the on-demand delivery market, partnering with a reliable on demand app development company like Biglona is essential. We specialize in building top-notch on-demand applications that stand out in the market. Our experienced developers understand the nuances of every industry and can assist in creating user-centric, scalable, and high-performance apps. By leveraging Biglona’s expertise, businesses can ensure their on-demand delivery apps are technologically advanced, visually appealing, and meet the evolving customer demands.