The online hyperlocal services market is projected to witness exponential growth exhibiting a CAGR of 32.6% over the forecast period, according to Global Online Hyperlocal Services Market Report, by End Use (Individual Users and Commercial Users), by Service (Food Ordering, Grocery Ordering, Home Utility Service, Logistic Service Providers, and Others), published by Coherent Market Insights.
Online hyperlocal services aid in offering products and services to individuals and corporate consumers within a specified geographical location, with the help of online websites or smartphone applications and GPS technology. Delivery of products and facilities at the doorstep at the required time and affordable costs has led to significant increase in consumer inclination towards using these services. Moreover, online availability of ordering from preferred restaurants, groceries from supermarkets and hypermarkets, logistic services, home utility services that include carpentry, plumbing, laundry, electronic and electric repairing, and home tutors, from these Internet enabled applications is expected to attract more customers and drive growth of the market over the forecast period.
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Browse 60 market data tables* and 40 figures* on "Global Online Hyperlocal Services Market” - Global forecast to 2025.
Key Trends and Analysis of the Global Online Hyperlocal Services Market:
Key Takeaways of the Market:
Market is characterized by intensive competition owing to large number of players competing for gaining substantial industry foothold and marginal gains to remain competitive. Some of the major players in the global online hyperlocal services market 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.
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