Contents Introduction 1 Why is the on-demand economy expanding at such a rapid pace?

Major industries propelling the on-demand economy 
Since Uber disrupted the industry by creating one of the first on-demand apps, it has 
influenced other industries to implement similar concepts. 
Some of the popular apps that are driving the on-demand economy are Postmates (on-demand 
food delivery app), Drizly (on-demand alcohol delivery app), Handy (on-demand moving 
app), Lyft (on-demand cab booking app), InstaCart (on-demand grocery delivery app), and 
many more. 

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According to a survey conducted by Burson-Marsteller, the Aspen Institute, and Time, over 
half of all Americans (42%) had used at least one on-demand service. 
Not only that, but one of the main reasons why on-demand apps are driving the economy is 
that they employ 22 percent of the population or 45.3 million people. 
This is the compelling rationale for VCs and Angel investors to back any firm that uses the 
term "on-demand" in its business strategy. 
The emergence of on-demand services has prompted businesses and startups all over the 
world to automate their services and make them more accessible to customers. 
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Travel 
After the online marketplace, travel is the industry that is most affected by the on-demand 
economy, thanks to Uber. 
Apart from that, the top five on-demand firms in the globe, four of which are in the travel and 
transportation industry, have garnered more than 75% of total funding. 
When we consider the scale of success that Airbnb and Uber have achieved, they should be 
viewed as inspiration rather than competition for new entrepreneurs. 

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The example of Didi, a cab booking app in China, tells us that nothing is impossible. It beat 
Uber in its own game and became the #1 cab booking app in China. 
This is not the first time that Uber faced a setback. In India, Ola is giving tough competition 
to Uber by providing similar yet one of a kind taxi on-demand taxi booking services.