Hyperlocal Services Market Guide to Understand Market Variation Globally Focusing Major Players GrubHub, Just-Eat, Swiggy, Delivery Hero, Foodpanda group, BOXC, Shipster, and HelloFresh Group

The Hyperlocal Services Market is expected to have a highly positive outlook for the next five years 2018-2026 according to a recently released Hyperlocal Services Market research report. The report has been added in his large database by Coherent Market Insights. Hyperlocal services refers to online business models that provide various products and facilities that rely on the platform of smartphones with GPS technology. The offerings include food delivery from restaurants, grocery from superstores or hypermarkets, logistic services, and home utility services such as electrical repairing, plumbing, carpentry, laundry, and personal tutors.

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Increased adoption of smartphones featuring internet connectivity is the prominent factor driving the industry growth

According to GSM Association Intelligence report in October 2016, around 44% of the total smartphone users, had subscribed to internet connectivity which is projected to account for around 60% by 2020. Moreover, hyperlocal services market participants are increasingly enhancing search options and application support for better consumer experience. Proliferation of improved and secured mobile payment gateways such as, Android Pay, Apple Pay, PayPal, etc. has led to significant increase in consumer confidence for the application of mobile platform for transactions. These factors are expected to provide strong industry growth prospects through the forecast period.

Large discounts on first purchase and competitive product offering costs are expected to present potential growth landscape

The hyper local services market is characterized by the presence of large number of local players venturing for better business growth prospects. Moreover, some competitors have entered into significant private ventures offering capital investments to the start-ups for enhancing their presence through marketing and promotional activities for acquiring large consumer base. This has led to increased competition among the global and local players in the industry, in turn leading to frequent major discounts and competitive pricing strategies for consumer retention. Large savings on purchases and increased consumer convenience owing to easy accessibility to resources is expected to present solid growth prospects for hyperlocal services market.

Grocery and food delivery segment dominated the global hyperlocal services market share

Grocery and food delivery segment participants perform the aggregation of local restaurants and superstores through smartphone applications and provide products on demand. This helps participants gain the trust of the local shops through online shopping. Moreover, owing to presence of large untapped potential consumer base and almost everyday requirements of foods and groceries will drive growth of these market segments.

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Industry is characterized by the presence of large number of players acquiring small hyperlocal services market shares. This is expected to continue over the forecast period, however, few industry participants have gained competitive edge over other participants. These participants include GrubHub, Just-Eat, Swiggy, Delivery Hero, Foodpanda group, BOXC, Shipster, and HelloFresh Group.

Explore Detail TOC of the Hyperlocal services Market Report:

Chapter 1: Hyperlocal services Market Research Objective and Assumption
Chapter 2: Hyperlocal services Market Purview - Report Description, Executive Summary, and Coherent Opportunity Map (COM)
Chapter 3: Hyperlocal services Market Dynamics, Regulations, and Trends Analysis - Market Dynamics, Regulatory Scenario, Industry Trend, Merger and Acquisitions, New system Launch/Approvals, Value Chain Analysis, Porter’s Analysis, and PEST Analysis
Chapter 4: Global Hyperlocal services Market, By Regions
Chapter 5: Hyperlocal services Market Competition by Manufacturers including Production, Share, Revenue, Average Price, Manufacturing Base Distribution, Sales Area and Product Type.
Chapter 6: Hyperlocal services Market Manufacturers Profiles/Analysis including Company Basic Information, Manufacturing Base and Its Competitors.
Chapter 7: Hyperlocal services Market Manufacturing Cost Analysis including Key Raw Materials and Key Suppliers of Raw Materials.
Chapter 8: Industrial Chain, Sourcing Strategy and Downstream Buyers including Upstream Raw Materials Sourcing and Downstream Buyers
Chapter 9: Marketing Strategy Analysis, Distributors/Traders including Marketing Channel, Market Positioning and Distributors/Traders List.
Chapter 10: Market Effect Factors Analysis including Technology Progress/Risk, Consumer Needs/Customer Preference Change and Economic/Political Environmental Change.
Chapter 11: Hyperlocal services Market Forecast including Production, Consumption, Import and Export Forecast by Type, Applications and Region.
Chapter 12: Research Findings and Conclusion

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This release was published on openPR.