On-demand economy is growing at a CAGR of 18.5% since 2015. Its size will increase from $57.5 billion in 2015 to $335 billion in 2025. On-demand economy is made up of activities that collect user requirements online and fulfill them offline. It is an ideal use case for leveraging technology to meet customer requirements.
The belief of people in this relatively new phenomenon of On-demand businesses can be gauged from the fact that 7.6 million people are expected to be working in this economy by 2020 in the US alone.