Global Online Hyperlocal Services Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
“Global Online Hyperlocal Services Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global online hyperlocal services market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global online hyperlocal services market report has been segmented on the basis of end use, service, and region.
Online hyper-local services offer services to customers through online portals, websites, and apps. The consumer uses this service for the purpose of order food, hotel booking, e-ticket purchasing, and transportation service. Online hyperlocal service uses online applications on smartphone or websites, and GPS technology to offer service as per the requirements
Increasing demand for mobile and internet enabled smart devices, increasing internet penetration, and shifting consumer preference towards on-demand services instead of physical stores and services are major factors expected to drive growth of the global online hyperlocal services market over the forecast period. In addition, technological advancements and rising dependency on easily accessible apps are other factors expected to further fuel growth of the global market over the forecast period.
Furthermore, easy transactions through online payment methods is another factor expected to boost growth of the target market over the forecast period. Moreover, quality, verity, availability, and discounts on various product offered by online platform are other factors expected to support growth of the global market over the forecast period.
However, lack of awareness among people regarding internet connection and respective apps in many rural areas across developing countries such as India, China, and Brazil is a key factor expected to restrain growth of the global hyperlocal services market over the forecast period.
Ongoing trend observed in the target market is increasing consumer preference towards online purchasing, owing to time saving, affordable cost, and timely and efficient delivery of services which in turn expected to support growth of the global online hyperlocal services market over the forecast period.
Increasing technological advancements, growing consumer digitization, increasing investment in start-ups are expected to create potential opportunities for players operating in the global online hyperlocal services market over the forecast period.
Analysis by Segment
On the bases of service segment, the grocery ordering segment is expected to register significant share in terms of revenue over the forecast period, owing to facilities offered by players such as optimum price, quality products, easy website navigation, and home delivery. The food ordering segment is expected to register significant growth in terms of revenue over the forecast period, owing to busy and changing lifestyle.
Analysis by Region
The market in North America is expected to dominate the global online hyperlocal services market in terms of revenue over the forecast period, owing to improved Internet infrastructure, rising adoption of Internet enabled devices, and increasing consumer preference towards adoption of e-businesses across various countries in the region over the forecast period. The market in Asia Pacific is expected to register significant growth in terms of revenue over the forecast period, owing to changing lifestyle, increasing Internet penetration, and spending capacity across various countries in the region over the forecast period.
Global online hyperlocal services market segmentation:
Segmentation by end use:
- Individual Users
- Commercial Users
Segmentation by service:
- Food Ordering
- Grocery Ordering
- Home Utility Service
- Logistics Service Providers
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Delivery Hero SE
- Instacart Inc.
- Uber Technologies, Inc.
- Rocket Internet SE
- Airtasker Pty. Ltd.
- ANI Technologies Private Limited
- Foodpanda GmbH
- Laurel & Wolf, Inc.
- com, Inc.
- Bundl Technologies Private Limited
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