LONDON--(BUSINESS WIRE)--Technavio has been monitoring the global online hyperlocal services market size and it is poised to grow by USD 451.64 million during 2020-2024, progressing at a CAGR of over 18% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Airtasker Pty Ltd., Bundl Technologies Pvt. Ltd., Delivery Hero SE, Handy Technologies Inc., Laurel & Wolf, MakeMyTrip Ltd., Maplebear Inc., Nextag.co.uk, Uber Technologies Inc., Urban Co., and Zomato Media Pvt. Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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The increasing demand for premium services has been instrumental in driving the growth of the market. However, the expansion of hyperlocal service in the micro interior regions might hamper market growth.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Online Hyperlocal Services Market 2020-2024: Segmentation
Online Hyperlocal Services Market is segmented as below:
-
End-user
- Individual Users
- Commercial Users
-
Service
- Online Logistics Services
- Online Food Ordering Services
- Online Grocery Delivery Services
- Others
-
Geography
- APAC
- North America
- Europe
- South America
- MEA
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR44747
Online Hyperlocal Services Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The online hyperlocal services market report covers the following areas:
- Online Hyperlocal Services Market Size
- Online Hyperlocal Services Market Trends
- Online Hyperlocal Services Market Industry Analysis
This study identifies the digital marketing trend and consumer engagement on social media platforms as one of the prime reasons driving the online hyperlocal services market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Online Hyperlocal Services Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist online hyperlocal services market growth during the next five years
- Estimation of the online hyperlocal services market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the online hyperlocal services market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of online hyperlocal services market, vendors
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by End-user
- Market segments
- Comparison by End-user
- Individual users - Market size and forecast 2019-2024
- Commercial users - Market size and forecast 2019-2024
- Market opportunity by End-user
Market Segmentation by Service
- Market segments
- Comparison by Service
- Online logistics services - Market size and forecast 2019-2024
- Online food ordering services - Market size and forecast 2019-2024
- Online grocery delivery services - Market size and forecast 2019-2024
- Others - Market size and forecast 2019-2024
- Market opportunity by Service
Customer Landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Market Drivers – Demand led growth
Market Challenges
Market Trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Bundl Technologies Pvt. Ltd.
- Delivery Hero SE
- Handy Technologies Inc.
- Laurel & Wolf
- MakeMyTrip Ltd.
- Maplebear Inc.
- Nextag.co.uk
- Uber Technologies Inc.
- Urban Co.
- Zomato Media Pvt. Ltd.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
