eCommerce business is all over the place. And it’s also safe for people all around the world to purchase products online. According to the survey, E-Commerce sales are expected to reach $6.54 trillion at the end of 2024. This post is for you if you’re thinking about starting an eCommerce business you need an eCommerce app development idea.
According to a Statista analysis, the marketplace business model accounts for 80% of worldwide eCommerce GMV. The most well-known eCommerce firms, such as Myntra, Amazon, and Flipkart, operate on marketplace business models, which allow a large number of vendors to display their items for end-users to purchase online. The marketplace is undeniably a successful business strategy that acts as a middleman between buyers and sellers.
Popular Ecommerce App Development Statistics
It is predicted, by 2040 eCommerce would account for 95 percent of all purchases.
- 93.5 percent of worldwide internet users have made an online purchase.
- Mobile commerce is predicted to account for 72.9% of all eCommerce sales.
- Around 51% of internet buyers use their cell phones to make purchases.
- For almost 40% of shops, social media channels are used to generate sales.
What Is Market Place?
The online marketplace connects a buyer and a vendor. Different merchants compete in the market to offer their wares in one location. The free market is similar to the free economy. Now consumers have the option of choosing any seller. They don’t need to restrict to a particular brand.
eCommerce App Development Ideas for 2022
1: Event Management App
Event management markets are one of the most innovative concepts for the year 2020. You can make a lot of money by creating an event management marketplace, especially for stakeholders like organizers, venue owners, and participants. The passion business is booming these days, with more and more creators going online.
Many stage artists, such as comedians, singers, and actors, are continually on the lookout for paid engagements in their local areas. It would be prudent to establish a marketplace where event organizers may post forthcoming events, invite local talent, and sell online tickets to viewers.
2: Sporting Management App
Sporting management, like an event or performer marketplace, is a fantastic App development concept. A football marketplace, for example, where diverse team management, players, and ground owners may engage and get to know one another. Players may also acquire the most up-to-date information about forthcoming selection and training sessions. In addition, the ground owner can market their property and host competitions.
Soccerji is one of the most well-known instances of athletic markets that are quietly but steadily changing the face of football.
3: Fintech Management App
Fintech markets are another excellent concept for your start-ups. The financial industry is the fastest-growing sector in the world, and it presents a great chance for disruption. you can easily hire any e-commerce app development company to develop a fintech management app for your business.
Lending, real estate, investments, accounting, financial management, and consulting services are just a few of the fascinating prospects offered by the fintech industry.
Consider Master some, which is one of the specialist fintech markets for smart management consulting. Companies may access financial specialists from all around the world through the platform for sophisticated financial activities such as budgeting, accounting, auditing, financial forecasting, and more.
4: App for Home Service
One of the most popular start-up concepts in 2022 is the Service At Home sector. Cleaning, gardening, salon, auto repair, and other handyman services are in high demand all around the world. The services at home requirements are going to grow even more in the future years. Furthermore, the rising demand creation in the gig economy throughout the world is opening up new potential for you to build your own marketplace, similar to our X-Quickie mobile app.
In Conclusion!
Finally, we come up with a conclusion to end this discussion. Having a mobile app on trending app ideas will be beneficial for your business. All of the app ideas discussed above will give your business new heights. If you are looking for any android application development company in India you can trust Misha Infotech.
