Increasing Demand for Ride Sharing and Two-Wheeler Transport Services and Rising Consolidation to Positively Impact On-Demand Services in Indonesia: Ken Research

The On-Demand Economy is defined as an economic activity created by technology companies that fulfill consumer demand through the immediate provisioning of goods and services. Supply is driven through an efficient digital web layered on top of infrastructure networks. Ride Sharing Apps in Indonesia, On-demand Laundry Market, On Demand Grocery Market, Indonesia Online Food Market, Go-Jek Market Share Indonesia, Jakarta Grab Indonesia Market Share, On-demand local services startup investment,

The advent of superior technology has allowed the immediate access messaging, e-mails, media and other online functionality through smartphones, giving new generation customers an entitlement to fast, convenient and efficient experiences.

The new on-demand businesses have successfully leveraged technology while utilizing existing infrastructure. Major players operating in this industry and have successfully managed to convert peoples habit into daily routine. Over the last two years, on-demand services have grown into several new verticals and have branched out beyond transportation services. On-Demand service providers have expanded their scale of operations and portfolio of services to include food delivery, groceries, laundry, AC servicing, house cleaning and housemaids. The on-demand economy is revolutionizing consumer behavior across developing countries with the number of companies and their penetration into various markets is expanding at an accelerating pace.

Expansion of on-demand services to underdeveloped cities, easing regulation by the government towards start-ups, rising youth population and lucrative cash back and promotional discounts by major players will have a positive impact on the on-demand services market in Indonesia.

The report titled “Indonesia On-Demand Services Market – Increasing Internet and Smartphone Penetration and the Advent of Superior Technology to Foster Future Growth” by Ken Research suggested a robust CAGR of 40.0% in revenue of the on-demand services market in Indonesia by FY’2021with transport services and supermarket and grocery products driving the revenues in the future.

Topics Covered In the report