Hyperlocal Service market : New Technological Advancements, Service Type, Recent Trends and Industry Analysis by 2023

Hyperlocal services are services availed by consumers located within a well-defined geographical area (within the presence of service providers). Services provided by hyperlocal service providers include online delivery of food from restaurants, hotels, and other food outlets; online delivery of grocery; online logistics services; and online home services such as plumbing, carpentry, laundry, electronic repairing, and requests for tutors.

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The global hyperlocal service is driven by increase in adoption of online shopping owing to rise in penetration of smartphones across the developing regions, increased logistic demand, and interest of investors in the hyperlocal e-commerce segment. The market is highly unorganized with numerous small localized players, which restrains the market. In addition, growth in consumer preference for premium services and brands, and penetration of the hyperlocal services even in remote areas are expected to drive the market.

The global hyperlocal service market is segmented on the basis of service type, end user, and geography. The service type segment is divided into food ordering, grocery ordering, home utility services, and logistics service providers. The market based on end user is bifurcated into individual users and commercial users. Geographically, it is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). The key players operating in the market are Delivery Hero AG (Germany), Instacart (U.S.), Uber Technologies Inc. (U.S.), Rocket Internet SE (Germany), Porch (U.S.), Housekeep (UK), Handy (U.S.), Swapbox Inc. (U.S.), Airtasker (Australia), and AskForTask (U.S.).

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Key Benefits
•The study provides an in-depth analysis of the global hyperlocal service market to elucidate the imminent investment pockets.
•Current trends and future estimations are outlined to determine the overall attractiveness and to single out profitable trends to gain a stronger foothold in the market.
•The report provides information related to key drivers, restraints, and opportunities with a detailed impact analysis.
•Quantitative analysis of the market from 2017 to 2023 is provided to showcase the financial competency of the market.

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