Online hyperlocal services refer to the online businesses that utilize online applications on smartphone or websites and GPS technology to cater to the service requirements of well-defined regional population or community. These businesses include an extensive range of services and product delivery as part of its offerings, which includes food, groceries, concierge, logistics, automobile, home services, beauty services, networking, and laundry services. End consumers range from individual to commercial and enterprise consumers that require on-demand services or immediate solutions to their needs.
Market Dynamics
According to Internet World Stats (IWS) update in June 2017, internet penetration rate was pegged at 51.7% by percentage of global population, which witnessed an increase of 976.4% in the period of 2000 to 2017. According to Zenith’s Mobile Advertising Forecasts in 2017, global smartphone penetration reached 63% in 2017 is expected to reach 66% in 2018 in the 52 key economies across the globe. High proliferation of mobile and internet enabled smart devices, growing internet penetration, and shifting inclination of consumers from physical stores and services to on-demand services is expected to be the major factor leveraging the global online hyperlocal services market growth. However, intense competition among the players, primarily owing to large number of new entrants and highly fragmented industry space has in turn led to significantly low profit margins. For instance, cab aggregator industry space in India is affiliated by the presence of players that include Ola, Uber, Meru, EasyCab, Tab Cab, mGaadi, Scoot, GO4Cabs, Jugnoo, and mGaadi. These factors are expected to hinder the market growth over the forecast period.
Key features of the study:
- This report provides in-depth analysis of online hyperlocal services, market size (US$ Million), and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2017– 2025), considering 2016 as the base year
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
- It profiles leading players in the global online hyperlocal services market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, online hyperlocal services market capital, key developments, strategies, and future plans
- Companies covered as a part of this study include Delivery Hero AG, Instacart, Uber Technologies, Rocket Internet SE, Ibibogroup (redBus, goibibo, and ryde), Airtasker, ANI Technologies, AskForTask, Laurel & Wolf, PriceGrabber.com, Swiggy, and Taskbob
- Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, product up-gradation, market expansion, and marketing tactics
- The global online hyperlocal services market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision making through the various strategy matrices used in analyzing the global online hyperlocal services market
Detailed Segmentation:
- Global Online Hyperlocal Services Market, By End Use:
- Individual Users
- Commercial Users
- Global Online Hyperlocal Services Market, By Service:
- Food Ordering
- Grocery Ordering
- Home Utility Service
- Logistics Service Providers
- Others
- Global Diagnostic Scan Tools Market, By Geography:
- North America
- By End Use:
- Individual Users
- Commercial Users
- By Service:
- Food Ordering
- Grocery Ordering
- Home Utility Service
- Logistics Service Providers
- Others
- By Country:
- Europe
- By End Use:
- Individual Users
- Commercial Users
- By Service:
- Food Ordering
- Grocery Ordering
- Home Utility Service
- Logistics Service Providers
- Others
- By Country:
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- By End Use:
- Individual Users
- Commercial Users
- By Service:
- Food Ordering
- Grocery Ordering
- Home Utility Service
- Logistics Service Providers
- Others
- By Country:
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Latin America
- By End Use:
- Individual Users
- Commercial Users
- By Service:
- Food Ordering
- Grocery Ordering
- Home Utility Service
- Logistics Service Providers
- Others
- By Country:
- Brazil
- Mexico
- Rest of Latin America
- Middle East
- By End Use:
- Individual Users
- Commercial Users
- By Service:
- Food Ordering
- Grocery Ordering
- Home Utility Service
- Logistics Service Providers
- Others
- By Country:
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- By End Use:
- Individual Users
- Commercial Users
- By Service:
- Food Ordering
- Grocery Ordering
- Home Utility Service
- Logistics Service Providers
- Others
- By Country:
- Northern Africa
- Central Africa
- South Africa
- Company Profiles
- Delivery Hero AG*
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/ Updates
- Instacart
- Uber Technologies
- Rocket Internet SE
- Ibibogroup
- Airtasker
- ANI Technologies
- AskForTask
- Laurel & Wolf
- PriceGrabber.com
- Swiggy
- Taskbob
“*” marked represents similar segmentation in other categories in the respective section.
