Uber for X: Market Statistics + Scope + Considerations + Challenges
July 25, 2019 Spaceo Canada

Uber for X: Market Statistics + Scope + Considerations + Challenges

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Content:

  1. ❓ What is Uber for X?
  2. 📚 Market Statistics for the sharing economy
  3. 🎯 Popular and successful Uber for X startups
  4. 🌟 Important considerations for Uber for X apps
  5. 👨‍💻 Scope/applications of Uber for X model
  6. 🏇 Challenges faced by Uber for X clones
  7. 🏆 Bottom line

Do you want to grow your on-demand startup through mobile app? Then, this blog is for you. Herein you’re going to read about Uber for X market statistics, applications, challenges & solutions and important things that you should be concerned about while creating an uber-like apps for your business.

What is Uber for X?

Uber has become synonymous with the term on-demand. Hence, Uber means on-demand and ‘X’ means any service that could be provided on-demand. Almost all industries that provide goods and services could undergo uberization. 

Most on-demand businesses are turning toward Uber for X business models. This is a natural course of events because it is beneficial for all sides of the business. Business owners can easily find freelancing service providers, freelancers find jobs while consumers receive quick services at affordable prices.

The on-demand economy has grown at a rapid pace by changing the way people buy products or services. People can instantly access any type of service by just tapping on their smartphone screens. These Uber-like apps have totally disrupted the on-demand market.

The future for the gig economy seems even brighter. Who knows? Maybe drones and robots will deliver goods after the app itself suggests which goods are needed by analyzing consumer history.

This industry is booming and the ravishing numbers prove it. Let’s have a look.

Market Statistics for the sharing economy

  • According to Statista, global e-commerce spending will reach $4 trillion in 2020 and expected to reach $4.8 trillion in 2021, which was $1.3 trillion in 2016. 

Global ecommerce trends

Source: Statista

  • According to Harvard Business Reports, 22.4 million consumers spend $57.6 billion in sharing economy annually. 
  • According to BIA/Kesley, the revenue had reached $57 billion in 2018.
  • According to one of the latest PwC reports, on-demand apps and websites will reach the value of $335 billion by the year 2025.
  • CBInsight reported that out of the 310 private companies of the Global Unicorn Club, which were valued at $1 billion in January 2019, 23 belong to the on-demand industry. 
  • These 23 combined value at $203 billion and include ride-sharing startups like Uber and Didi Chuxing. 

Popular and successful Uber for X startups

There are some apps that have taken over the Canadian and world’s on-demand market. Here are a few apps to inspire you.

  • SkipTheDishes

Founded in 2012 in Winnipeg, SkipTheDishes is one of the most popular food delivery apps. It is associated with over 1600 restaurants in Canada and delivers food within minutes.

  • Honk 

It was founded in 2014, with an objective to make roadside assistance easily available. They did reach this goal and are doing great with their mission. In fact, they connect drivers with more than 35000 roadside assistance partners. 

  • Postmates

Postmates deliver food, grocery and alcohol on demand. This diverse app is users’ favourite with features like scheduling deliveries as per your convenient timings and reasonable subscription fees that make deliveries cheaper.

  • Zeel 

Zeel is an on-demand massage app that provides massage services on the same day as requested. In fact, it promises to send a professional therapist within an hour of booking to take away all the stress.

Well, different parameters are to be considered for different Uber for X models. Nevertheless, here are some general things you should consider before converting your business model to the Uber business model

Important considerations for Uber for X apps

  • Market research

You need to carry out thorough market research before jumping into the sea of on-demand apps. You need to analyze the market conditions of goods or services you provide. Proper market research will answer questions like “Does my business need a website or an app?” and “What should be my target audience ?”. 

After this, you must filter your audience by first identifying the niche market. Researching about the monetization strategies for your gig economy app is also very important. This will also help you determine the Uber for X platform – Android, iOS or Web app.

  • Consumer expectations 

As the name implies, the on-demand business model means rapid access to goods and services. This is why consumers do not like to wait these days. They expect their demands to be fulfilled instantly. You can’t have useless on-demand app ideas. They need to solve some problems of consumers.

The worst thing you can do is to create an app like uber for a problem that doesn’t even exist. You should look for genuine problems faced by communities and find an efficient way to solve them. This process improves app marketing and helps in the process of deciding features. The on demand apps should also be user friendly and provide a great user experience. This activity also helps app marketing and in the idea development process. 

  • MVP- Minimum Viable Product

There are two ways to develop and deploy an app. In the traditional way, all features are developed together and a full-stack app is deployed in the market. The problem with building an app like Uber or an Uber for X app like this is the increased probability of losing more money and efforts in case the app fails.

MVP model is better in the way that you only input the features that are most essential and/or unique. This significantly reduces the uber like app cost and app development time. The primary goal of MVP is to launch a product in the market as quickly as possible so as you could examine if your app is viable and will grow or not.

Once the app clears the market viability test, you may add new features or improve the current ones. In fact, improvement is never complete and this goes on till the app exists.

  • Features and technology

Most people, especially millennials cannot do without their smartphones for more than a day. They care about the unique and up to date features of their smartphone apps. You need to be sure of the features and functionalities that you want to include in your application.

It is highly advisable not to stuff the app with every feature you could think of. You must include the best possible features that users would find useful. 

An app comprising of advanced and efficient feature set adds the value to the app. App usability also increases. So, it is always preferred to cover a few aspects completely rather than trying to do too much superficially.

Apart from this, you should also consider reducing your app development budget where you can and look for an experienced app development company.

The scope of Uber for X model could be indefinite. Here, we have humbly tried to give a brief idea of the scope. We do develop uber for X apps of any kind.

Scope/applications of Uber for X model

‘X’ in Uber for X could be any service or goods that could be provided on-demand. This makes the field extremely vast and attractive. Take a look at some uber for x models that are either doing great or just getting explored in the on-demand economy. 

You might as well consider them on-demand app ideas and try your hands on them.

Uber for Taxis

  • Uber for women
  • Uber for kids
  • Uber for business
  • Uber for corporate
  • Uber for pets

Uber for Delivery 

Uber for Home Services

Uber for roadside assistance

Unique Uber for X options

  • Uber for lawyers
  • Uber for real estate
  • Uber for tutoring

It all sounds very appealing- the profits, cool features, unique million-dollar ideas, but is it all practicable? With great ideas, comes great challenges (Yes, we’re inspired by Spiderman but who isn’t?). Let’s take a look at the challenges that sharing economy apps face.

Challenges faced by Uber for X clones

  • Competition 

To be honest, there is a lot of competition in the on-demand marketplace. New marketplace startups are entering the scene every other day. Each brand comes with its own competitive rates as supply increases exponentially. 

If you wish to survive this competition, building an app like Uber is not the only solution. You need to make better Uber for X apps. To stay ahead in the competition, you must have an efficient on-demand business model. The on-demand services should be flexible, personalized and quick making it stand out in the crowd of other uber clone apps.

  • Profitability

Yes, there is a demand for on-demand services, but the supply is growing rapidly as well. When this happens, there is a struggle with demanding reasonable and fair pay against cheap prices that others are taking to survive. 

Uber has been suffering losses, even when it is growing. This is why, you need to have smart strategies to monetize your apps, make profits and also make sure customers are satisfied. This can get really demanding and strenuous. The solution is not giving up.

  • Laws and Regulations

New laws and regulations made according to different business policies. As the gig economy has direct as well as indirect competition with regular businesses, they face unfair opposition as well.

There are laws made which are fair to both regular and Uber for X business models. Yet, there are cases like taxi companies trying to outlaw Uber as it took a toll on their profits. It is not sure what laws and regulations will be made in the future. It is essential that you understand and follow the current rules and regulations. 

Do you want to develop an Uber-like solution
for your on-demand business?

Consult Our Technical Expert

Bottom line

Bottom line is that there is no bottom line. There are various aspects of an Uber for X business model and all of them (assuming we can even give a finite number to them) could not be covered in a single article or a dozen of articles for that matter. 

We know, we know it very well that you are brimming with ideas, questions and doubts. Don’t worry! We have got you covered. Feel free to share your expectations with us We’ll tell you why.

We are a leading app development company in Canada. We promise to deliver your expectations to the best of our capabilities. Our capability? We do not provide Uber for X clone scripts but develop Uber for X apps from scratch. We have been developing mobile and web-based apps. Till now we have developed a humble number of 3500 apps for iOS, Android and web platforms. Out of these, over 50 are Uber-like apps based on Uber for X model. Rest assured, you gave your baby- your app idea into the right hands.

You may also consult our technical expert by filling the form below. Want to get an idea about app development cost and timeline? We are happy to provide you with a 30-min free consultation and a promise to not reveal your idea to anyone!

This page was last edited on July 26th, 2019, at 4:31.

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