What to Expect from the On-Demand Economy in future? - Blog - Vivim

What to Expect from the On-Demand Economy in future?

Market expectations from on-demand

The on-demand economy is far from reaching its maturity stage. There are still areas of growth that will definitely bring in lots of changes in the future. Here are the things to expect from on-demand in the future.

  1. Changing spending habits:
    1. The world’s spending habits have been greatly impacted and altered by the on-demand economy.
    2. No longer are consumers spending more on intermediaries. In fact, the on-demand economy is working in such a way that the middleman is eliminated and the supply chain made shorter and simpler. This is sure to be the trend in the coming days.
  2. Expansion and growth into new markets:
    1. There are more market segments both locally and internationally that on-demand is venturing into.
    2. As big businesses emerge with lots of cash to spend, expect that more and more markets are going to be disrupted as the on-demand makes headway into these uncharted territories.
  3. Enhanced competition resulting in better services for users:
    1. The advantages of the on-demand economy are attracting companies in their droves into the market.
    2. Countless businesses are launching their own apps to offer products and services. As the playing field gets crowded by the minute, the competition is sure to get fierce. But this will work to the advantage of the users.
    3. More variety, lower product costs, better quality and user experience are just a few of the numerous benefits that customers should expect from the entrance of new players into the market.