San Francisco, California, March 13, 2018 – The on-demand economy is big, and is getting bigger. Over the past decade, the rate at which consumers are extending the demand for commodity or service has reached great heights, and continues to grow faster. Economic pursuits that revolve around online platforms are drawing significant consumer attention and expenditure. The key aspects that are attracting consumers and favoring the on-demand spending reflecting on the growth of everything-on-demand market has been discussed at length in a new market research publication by TMR Research. The report is titled “Everything On Demand Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025.”
Increased connectivity between consumers and businesses is the foremost factor fuelling the global everything on-demand market. Consumers today have attained a level of entitlement much higher than the standard what was set a few decades ago. Firstly, since the advent of the Internet, both consumers and business clients have created means to communicate, opinionate, and have real-time experience of things which was not possible earlier. For instance, the expectation of consumers to be served in a timely manner is increasingly becoming prevalent in consumer goods and other business verticals.
According to studies, on-demand economy is beginning to attract varied consumers. Men account for leading consumers of on-demand economy, among which millennials account for nearly half on-demand spending. The on-demand economic revolution is picking up, mainly because of the speed at which consumers can receive their products and services along with the convenience of receiving products at their doorsteps.
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From a geographical perspective, North America and Europe are leading everything-on-demand market. The massive upswing of on demand services market in these regions is mainly because of robust home delivery services. Asia Pacific and Latin America are likely to emerge as key regions as emerging economies in these region display phenomenal spike in the demand for on demand services.