The on-demand economy is here to stay. You, me, and probably everyone reading this would have or will have used an on-demand service by the end of the day. It could be either on-demand entertainment on Netflix, ordering of apparel or consumer goods on eCommerce websites, groceries, or even food delivered right at our doorsteps, our relationship with on-demand services is only becoming unbreakable.
It’s not only people and consumers who are embracing the industry and its services but companies across the world, too. Businesses are increasingly opening up to the idea of on-demand services and are looking to modify their business models to accommodate the needs of the modern-day consumer.
That’s why we felt it was imperative for us to dive in a little deep and get some numbers and stats on the on-demand industry. If you intend to start and roll out an on-demand delivery app solution, use these statistics as a starting point to get better ideas on the industry standings.
Let’s get started
1. As per the forecast of Statista.com, mobile apps are projected to generate approx 935 billion US dollars that are double of 461 billion US dollars in 2019.
2. According to Statista.com, U.S. consumers are spending $57.6 billion in the on-demand economy to cater to 22.4 million users annually.
1. Increased demand for Houseparty, ZOOM, Hangouts Meet, and Microsoft Team surfaces cause record growth in demand for business Apps.
That’s why Business apps topped 62 million downloads across iOS and Google Play during the week of March 14-21, 2020 worldwide as per the research of AppAnnie.
2. Zoom, a popular video chat app, has seen its daily downloads surge to over 500,000 in recent weeks, up from about 9,000 in early February 2020 as per the research of Techcrunch.
3. As per the research of Statista.com, during the lockdown in France in April 2020, 22 percent of French viewers claimed that they take paid subscriptions to Netflix while 10 percent chose Disney+ video-on-demand paid services.
4. As per the latest research of SensorTower, we saw Houseparty downloads grow by 500% between the weeks commencing March 2 and March 9, 2020.
5. A study of 2,000 Americans in April shows that the average person is now streaming eight hours of content per day and binge-watched three shows.
6. As per the research of Statista.com, Revenue in the Video-on-Demand segment is projected to US$60,984m in 2020 and expected to reach US$95,976m by 2025 with an annual growth rate (CAGR 2020-2025) of 9.5%.
7. According to Statista.com, In the Video Streaming (SVoD) segment, the number of users is expected to amount to 1,337.1m by 2025.
8. eMarketer predicts that increasing levels of competition will gradually erode Netflix’s market share from 87% of OTT viewers (overlapping with others) in 2019 to 86.3% by 2023. In 2014 this figure stood at 90%, according to these Netflix stats.
9. As per the research of Statista.com, Netflix has 151.6m subscribers worldwide in November 2019. Its nearest direct rival is Amazon Prime Video, with an estimated 75 million subscribers – less than 50% of the Netflix figure.
10. eMarketer.com stated that Netflix has a total of 158.8m OTT video viewers. Netflix is far ahead of its competitors in terms of OTT video viewers.
11. A Statista.com survey from 2019 found that 85% of Americans who spend money on digital video services were Netflix users. Amazon in second place is subscribed to by 65%.
12. As per Statista.com survey, Netflix, Youtube, Amazon Prime & Hulu account for 79% of OTT viewing hours. Data is before Apple TV+ and Disney+ entered the fray.
13. As per CNBC.com, Disney announced Tuesday it had 54.5 million Disney+ subscribers as of May 4, 2020, showing a slight slowdown in growth over the past month.
14. As per Deloitte Digital Media Trends Study, 14th edition, found that subscribers in the US have accounts with an average of four streaming video services. This is up from three in the last, pre-COVID report.
1. According to Apptopia, the daily download of top food delivery apps in the US declined from 265K to 185K from February to Sunday, March 15, 2020.
2. As per the analysis of Adroit Market Research, the Online Food Delivery Market to hit $161.74 Billion by 2023 worldwide.
1. As the COVID-19 pandemic spreads across the U.S., the record number of daily downloads increases for grocery delivery apps.
According to Apptopia, Instacart, Walmart Grocery, and Shipt have seen their daily downloads surge by 218%, 160%, and 124%, respectively from February to Sunday, March 15, 2020.
2. As per the research of Statista.com, Revenue in the Online Food Delivery segment is projected to US$136,431m in 2020 and expected to reach US$182,327m by 2024 with an annual growth rate (CAGR 2020-2024) of 7.5%.
3. The market’s largest segment is Platform-to-Consumer Delivery with a projected market volume of US$70,741m in 2020 as per Statista.com.
4. As per the research of eMarketer.com, In 2020 44.1 million smartphone app users use at least one food delivery app on their smartphone and it is expected to reach 59.5 million smartphone food delivery app users which are 23.8% of US smartphone users.
5. According to research firm Edison Trends, DoorDash has the highest share of consumer spending among US food delivery apps at 27.6%. This is closely followed by Grubhub and Uber Eats, which capture 26.7% and 25.2% respectively.
6. According to Global Data Analysis and Forecast, The global food & grocery sector reached US$8,045 billion in 2017 and it is forecast to grow at a CAGR of 6.8% over the next five years to reach US$11,204.5 billion by the end of 2022.
7. According to Global Data Analysis and Forecast, By 2022, almost 10% of all grocery sales will likely be made online.
8. Recent Surveys of CivicScience stated, During the week of March 22, nine days after the US declared a national emergency, 37% of US adults said they were digitally shopping for groceries more often.
9. Coresight Research stated, 62.6% of consumers said they bought groceries online from Amazon in the past 12 months, compared with 52.3% for Walmart, 22.9% for Target, 15.2% for Costco Wholesale, 13.9% for The Kroger Co. (multiple store banners) and 13.2% for Whole Foods Market.
10. 26% of shoppers surveyed, or 6% of all consumers, say they have been placing online grocery orders more than once a month as per Google/Bain, U.S.
11. 58% of people who have shopped for groceries online at least once in the past 12 months say that the online experience does not save them time as per Google/Bain, U.S.
1. Technavio market research analysts forecast, on-demand home services market will grow by $1,574.86 billion during 2020-2024 with a CAGR of almost 49% by 2021.
So these were the crucial numbers we managed to crunch and compile from several credible sources. As you can see, on-demand delivery app development is inevitable and the sooner you realize this, the better it is for your business. If you’re looking for an ideal on-demand delivery app solution, we recommend you get in touch with us.
We will help you ideate, develop and get the best version of your on-demand app out in the market. Reach out to us today.
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Since the world was shut down because of the pandemic, the use of online video streaming applications like Netflix or Amazon Prime has increased enormously. […]
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