The global market of online hyper-local services is growing
significantly and is expected to see robust growth during the
forecast period. Internet accessibility is driving the growth of
online hyper-local services globally owing to the increasing use of
smart phones. The market is also being driven by enhanced awareness
of advanced technology and dependence on easily accessible apps in
daily life. Due to the rapid penetration of various e-commerce
companies, manufacturers operating in this field are trigging the
market growth of online hyper-local services. Moreover, consumers are
more inclined toward online purchasing due to time saving and
discounts in price. Due to this factor, the online hyper-local
service market is growing substantially. Additionally, as the
awareness of these services increase, in turn the manufacturers also
focus more on developing user-friendly, highly-interactive services
to meet the demands of its customers. However, in many rural areas in
developing countries such as India, China, and Brazil people are
unaware of internet connection and apps. Therefore, they do not
access such online portals or apps. Manufacturers and governments of
these countries are taking initiatives to develop and provide free
internet connections. Therefore, the online hyper-local services
market is expected to see steady growth in rural areas. The impact of
this restraint is high in recent times but is expected to be low
during the forecast period. Service and product delivery assurance is
an important component of the hyper-local services business model.
Owing to the highly developed delivery networks of hyper-local
services, the market of online hyper-local services is growing
substantially and is expected to witness steady growth during the
forecast period.
The online hyper-local services market is segmented into two
categories, based on end use and service. By end use, the market is
segmented by individual users and commercial users. In terms of
service, the market is segmented into food ordering, grocery
ordering, home utility service, logistics service providers, and
others.
By geography, the global online hyper-local services market is
segmented into North America, Europe, Asia Pacific, Middle East &
Africa, and Latin America. The North America online hyper-local
service market held the dominant share in 2016 and is anticipated to
hold its position throughout the forecast period. The Asia Pacific
(APAC) online hyper-local service market is expected to expand at the
highest CAGR during the forecast period 2017-2025. Increasing
adoption of advanced technology in daily life is the major driving
factor in North America and is expected to fuel the overall market
growth of the online hyper-local services market during the forecast
period. Additionally, in Europe and Asia Pacific, many consumers are
dependent on online services such as grocery, transport booking, food
ordering, etc. The market in Asia Pacific is anticipated to see the
highest growth due to rising economics such as China and India.
Middle East & Africa has shown remarkable growth in the online
hyper-local services market followed by Latin America in recent
years.
The online hyper-local service market is marked by strong competition
from the key players operating in this industry. This is because of
numerous mergers and acquisitions, joint ventures and partnership
agreements, product innovation, research and development, and
geographical expansion strategies adopted by players to ensure
long-term sustenance in these markets. Key participants in the global
online hyper-local services market include Zomato Media Pvt. Ltd
(India), Foodpanda group (Germany), Uber Technologies Inc (U.S.).,
HomeFinder.com, LLC (U.S.), Tribus Group (Netherland) and Estately
Inc. (U.S.).
The report offers a comprehensive evaluation of the market. It does
so via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications
About
Us
Transparency Market Research (TMR) is a next-generation provider of
syndicated research, customized research, and consulting services.
TMR’s global and regional market intelligence coverage includes
industries such as pharmaceutical, chemicals and materials,
technology and media, food and beverages, and consumer goods, among
others. Each TMR research report provides clients with a 360-degree
view of the market with statistical forecasts, competitive landscape,
detailed segmentation, key trends, and strategic recommendations
U.S.
Office
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: www.transparencymarketresearch.com
No comments:
Post a Comment