Global Online On-demand Home Services Market 2018-2022
About this market
Online on- demand home service companies are providing home services using innovative ways. Many investors have also started investing in on- demand companies, and this is driving the online on- demand home services market. Improved mobile technologies and advances in connectivity have given rise to on demand services such as home tuition, packing and moving and spa and beauty services to attract new customers and acquire more market space. Such innovation in services will drive the global online on- demand home services market during our forecast period. The online on-demand home services market growth at a CAGR of close to 52% during the forecast period.
Growing m- commerce platform and increasing smartphone and internet penetration
The growing m- commerce platform provides services to buyers in a short timeframe either through vertical integration and aggregated supply. Smartphone features like push notifications and locations tracking have only made these on- demand services possible in the last few years, which is why this category holds so much opportunity.
Difficulty in scaling up business
Due to the existence of well- funded vendors in this market, non- funded start- ups find it difficult to scale up as demand is non-consistent. The success of online on- demand businesses is dependent on the ability of vendors to expand and enhance the scalability and efficiency of technology systems used for booking services.
For the detailed list of factors that will drive and challenge the growth of the online on-demand home services market during the 2018-2022, view our report.
The global online on-demand home services market is extremely fragmented since the market has a number of companies that offer various products. The rapid commercialization of sports apparels keeps the companies in the market competitive. This online on-demand home services industry analysis report will aid clients in identifying new growth opportunities and designing new growth strategies.
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