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Did Covid-19 make your business suffer, just like a million others? The Coronavirus outbreak led to temporary closure of nearly 43% of businesses, while another 51% reported a significant decrease in sales due to the pandemic. But that’s the one side of the frame. Just like “Every Cloud has a silver lining”, the business world also witnessed exponential growth in various sectors.
(Right from on-demand businesses like food delivery, grocery delivery, medicine delivery to telemedicine, online fitness, etc. the list of top performing businesses is quite long. ) Hence, for the entrepreneurs & business owners, who are planning to start with a new venture, we bring the top 10 business ideas that are surely for the next normal.
In the next 5 minutes, you gonna explore 10 online business ideas that promises you Growth & Revenue, Altogether.
To give you a better insight, we’ve stated the current performance & the expected growth of each business idea.
So, here we begin...
Pickup & Delivery App The need for an advanced & powerful delivery management software was never felt so badly. (P&D module)- Dispatcher panel & agent app image According to a report, the Global Courier, Express, & Parcel Market is expected to grow by $ 141.05 billion by 2025 progressing at a CAGR of 7% during the forecast period. Launching your own branded on-demand delivery app will help your business: Keep running amidst tough times Ensure on time deliveries Scale your business operations Grow your ROI Online Education App COVID-19 resulted in schools shut all across the world. Globally, over 1.2 billion children are out of the classroom. (show closed schools/colleges clip) But thanks to online education platforms like BYJUs, Unacademy, KhanAcademy, Coursera, that are helping students continue with their learnings.
As per a survey, E-Learning Market size surpassed USD 250 billion in 2020 and is anticipated to reach nearly $305.3 billion by the year 2025 expanding at a CAGR of over 21% . Building your own education/Edtech app, now you can: Create a platform to connect students & tutors seamlessly. Provide 1:1 learning experience through Audio/Video Live Streaming Allows students to access study material online Upload Online tests/exams/assignments Grocery Delivery App The on-demand grocery delivery industry experienced a huge spike after Covid outbreak.
The downloads for renowned grocery delivery apps like Instacart, Walmart, and Shipt increased by 218%, 160%, and 124% respectively.
As per reports, the global market share for online grocery exceeded USD 190 billion in 2019 and is set to grow at nearly 28% CAGR through 2026.
Launching your own branded grocery delivery app is a great investment option as you can: Improve Inventory and Order Management Analyze consumer behavior & deliver personalized offers Reduce delivery cost with route optimization Offer zero-contact deliveries with multiple payment options Medicine Delivery App We’re living In a world where chronic conditions show an increase of 57% to 60%. Which confirms the home delivery medication business to rise at a rate of 18.4% in the next 10 years. The global medical supply delivery service market size was valued at USD 54.8 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 6.5% from 2020 to 2027.
With your own branded pharmacy delivery app, you can: Introduce a new easy ordering system Improve customer base with enhanced marketing options View the doctors prescriptions virtually Manage shipping & logistics easily Healthcare/Fitness Consultation Apps Remote health care is still playing a crucial part in navigating the impact of the virus outbreak. For this, online healthcare consultation apps provide a perfect solution to consult doctors, dietitians, yoga, meditation experts from the comfort of your own home.
Talking abouts stats, The global healthcare consulting services market is expected to reach USD 15.88 billion by 2023 from USD 9.76 billion in 2018 at a CAGR of 10.2% Building your on-demand healthcare app, you can: Book/Schedule Appointments Online 1:1 consultation with experts through video conferencing, voice call, live chat. Instant Online Payments & Tracking Real-time Appointment Notifications & Alerts Ecommerce App With the number of smartphone users rising rapidly, ecommerce business owners have a golden opportunity to expand their customer reach by going online, and boost their sales.
In 2020, over 2 billion people purchased goods or services online Moreover, the success of ecommerce giants like Amazon, Flipkart, eBay, Alibaba is not hidden from anyone.
According to the latest reports, Ecommerce businesses should anticipate a 265% growth rate, from $1.3 trillion in 2014 to $4.9 trillion in 2021.
Launching your branded ecommerce app & website you will be able to: Expand your customer base online Boost customer experience with advanced AI features Increase your sales & revenue Streamline your operations with seamless customers, vendors & fleet management, all from a single place.
Taxi Booking App Development Taxi app development makes great sense for existing startups and businesses for their workforce mobility and convenience.
According to Statista, Revenue in the Ride-hailing & Taxi segment is projected to reach US$254,301 mn in 2021 and is expected to show an annual growth rate (CAGR 2021-2025) of 11.05%, resulting in a projected market volume of US$365,912 mn by 2025.
Offer instant/schedule booking options Track live locations Manage payments & wallet history Avail advanced features like geofencing, route optimization, etc.
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Food Delivery App None can stop one from having their favorite cuisine and this is the major reason behind the success of on-demand food delivery apps like DoorDash, Zomato, UberEats, Grubhub, etc.
Currently having a market size of $126.91 billion in 2021, The global online food delivery services market is expected to reach $192.16 billion in 2025 at a CAGR of 11% Having your own branded food delivery app, you can: Customize the Food Ordering Experience with easy to explore menu Ensure contactless deliveries with cashless payments Enjoy Commission-free Selling Manage customers, restaurants & drivers from one place Home Service App A platform where customers can get a one-stop solution to book for home services like plumbing, electrical repair, home cleaning, pest control, painting, etc is quite likely to earn huge success and profits in the time to come.
Moreover, The global online on-demand home services market is expected to reach $1,574.86 billion during 2020-2024.
Launching your branded Home Service App, you get to: Receive bookings online Assign & Track Appointments Manage Payments & Feedback View Advanced Sales & Business Analytics Ambulance Booking App According to WHO, there must be one ambulance per 80K people, which is currently one for 150K people.
The global ambulance services market is expected to hit nearly $34.8 billion, post the covid-19 pandemic.
the same time, the revenue of ambulance services in the US alone is projected to be approximately $ 15.3 billion by 2024.
By launching your own ambulance booking app, you can: Offer easy bookings for multiple ambulance types Cut down on fuel cost & time through optimized routes & in-app navigation Track ambulances & drivers in real-time. Manage customers, medical vans, drivers, payments & more from a single panel.
Ending: Which of these ideas do you think is the best to invest in? Whether you wish to kick-start your food delivery business or want to go for taxi booking or medical van booking, you’ll need an expert tech partner who can turn your dream app idea into reality.
So, these were the Top 10 App Ideas that’ll surely boom in the New Normal.
In addition to these, do let us know any other app ideas you have in your mind by commenting in the comment section below! If you like this video, hit the like button and don’t forget to subscribe to our channel for more industry updates.
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