Online Hyperlocal Services Market 2020-2024
Technavio has been monitoring the online hyperlocal services market and it is poised to grow by $ 451.64 mn during 2020-2024 progressing at a CAGR of 18% during the forecast period. Our reports on online hyperlocal services market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the increasing demand for premium services, evolving shopping behavior of the consumers, and consumer convenience influencing market growth.
The online hyperlocal services market analysis includes end-user segment and geographic landscape.
Technavio's online hyperlocal services market is segmented as below:
- Individual users
- Commercial users
- Online logistics services
- Online food ordering services
- Online grocery delivery services
By Geographic Landscapes
- North America
- South America
This study identifies the importance of logistics services providing potential growth opportunities as one of the prime reasons driving the online hyperlocal services market growth during the next few years. Also, marketing and promotional activities for customer retention and digital marketing trend and consumer engagement on social media platforms will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our online hyperlocal services market covers the following areas:
- Online hyperlocal services market sizing
- Online hyperlocal services market forecast
- Online hyperlocal services market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading online hyperlocal services market vendors that include Airtasker Pty Ltd., Bundl Technologies Pvt. Ltd., Delivery Hero SE, Handy Technologies Inc., Laurel & Wolf, MakeMyTrip Ltd., Maplebear Inc., Nextag.co.uk, Uber Technologies Inc., Urban Co., and Zomato Media Pvt. Ltd. Also, the online hyperlocal services market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.