Global Online Hyperlocal Services Market 2017-2021
About Online Hyperlocal Services
Online hyperlocal services are considered services provided to the consumers through apps or web portals. Consumers can access the apps or web portals with a click of their fingertip. The service providers connect with the local and nearest restaurants (full service restaurants (FSRs) and quick service restaurants (QSRs)) for food delivery, retailers (including hypermarkets, supermarkets, and convenience stores) for grocery delivery, cab and truck drivers for transportation and logistics services, and technicians, electricians, and mechanics for on-demand home utility services.
Technavio’s analysts forecast the global online hyperlocal services market to grow at a CAGR of 36.75% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global online hyperlocal services market for 2017-2021. To calculate the market size, the report considers service revenue of the market.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Online Hyperlocal Services Market 2017-2021
Technavio recognizes the following companies as the key players in the global online hyperlocal services market: Delivery Hero, Handy, Instacart and Uber Technologies.
Other Prominent Vendors in the market are: Airtasker, ANI Technologies, AskForTask, CLEANLY, Code.org, Google, Groupon, Alfred Club, Ibibogroup (goibibo, redBus, and ryde), Laurel & Wolf, MAKEMYTRIP, MentorMob, MyClean, Nextag, Paintzen, PriceGrabber.com, SERVIZ, ServiceWhale, Swiggy, Taskbob, TaskEasy, TED CONFERENCES, UrbanClap Technologies, ThinkVidya Learning and YourMechanic.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is importance of logistics services providing potential growth opportunities. The demand for logistics services from individual and commercial levels is gaining significant importance globally. At the individual level, consumers at present demand to avail logistics services through apps and web portals.”
According to the report, one driver in the market is increasing demand for premium services. Consumers at present purchase premium products and demand premium services. Consumers want premium services for availing private transportation, education services, and medical consultancy. The service providers charge extra when the consumers opt for any customized or personalized service. Therefore, the demand for premium services increases.
Further, the report states that one challenge in the market is expansion of hyperlocal service in the micro interior regions. The prime challenge that the global online hyperlocal service providers face is the expansion of their businesses in the micro interior regions. This is because the service knowledge and awareness about these regions are very low. Consumers in such regions prefer hyperlocal services offline. Trust and reliability are the two major factors for consumers to opt for offline hyperlocal services for food and grocery, logistics, and home utility services.
Delivery Hero, Handy, Instacart, Uber Technologies, Airtasker, ANI Technologies, AskForTask, CLEANLY, Code.org, Google, Groupon, Alfred Club, Ibibogroup (goibibo, redBus, and ryde), Laurel & Wolf, MAKEMYTRIP, MentorMob, MyClean, Nextag, Paintzen, PriceGrabber.com, SERVIZ, ServiceWhale, Swiggy, Taskbob, TaskEasy, TED CONFERENCES, UrbanClap Technologies, ThinkVidya Learning and YourMechanic.
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