openPR Logo
Press release

Online Hyperlocal Services Market: Moving Towards a Brighter Future

05-20-2019 03:58 PM CET | IT, New Media & Software

Press release from: Coherent Market Insights (CMI)

Online Hyperlocal Services Market

Online Hyperlocal Services Market

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

Request For Customization of Research Report @ https://www.coherentmarketinsights.com/insight/request-customization/1202

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

Global Online Hyperlocal Services Market - Insights

Online hyperlocal services refer to online business models that cater to consumers in specifically defined geographic locations that are under the reach of their regional service providers’ presence. These business models portfolio include restaurant food deliveries, superstores & hypermarkets grocery deliveries, logistic services, and home utility services such as laundry, plumbing, carpentry, electrical repairing, and personal tutors. Growth of this industry is predominantly reliant on websites and application platforms, in addition to availability of GPS technologies.

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.

Increasing competition among key players to enhance their consumer base has led to significant investments in promotional campaigns and marketing strategies, and this is anticipated to fuel growth of the market

Significant discounts on signing in on a multiple platforms and continuous changes in product pricing to attract large consumer base are among the key strategies for the new market entrants in this industry space. This in turn has led to increased competition among the global and local industry participants, compelling the participants to introduce frequent discounts and competitive product pricing for better consumer retention. Affordable costs and efficient delivery of services are expected to be among the major factors that are expected to propel the global online hyperlocal services market growth over the forecast period.

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

Ask For Discount Before Purchasing This Business Report @ https://www.coherentmarketinsights.com/insight/request-discount/1202

About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Online Hyperlocal Services Market: Moving Towards a Brighter Future here

News-ID: 1745872 • Views: 466

More Releases from Coherent Market Insights (CMI)

Trending News 2020 Covid-19 impact on U.S. Men’s Underwear Market Research Tre …
Men’s underwear is apparel that is basically worn to protect the genital of men. They are intimate clothes and helps to avoid the exposing of privates while maintaining hygiene. Moreover, underwear helps to keep the private dry as they easily get moist and it also helps to protect the genital of men by giving them the proper shapes they required. Furthermore, they prevent the damages of outer clothes from being damaged
Probiotics Market 2020 | Know the Latest COVID19 Impact Analysis And Strategies …
Probiotics are classified as beneficial bacteria’s that promote the healthy functioning of the gut. They are basically consumed to treat the digestive disorder. Probiotics improve the immune response and also preserve the proteins & lipids from oxidative destruction. Probiotics are available in the form of tablets, powders, capsules, and gel. The global probiotics market is projected to surpass US$ 80.0 billion by the end of 2027, in terms of revenue, growing
IQF Fruits Market is Thriving Worldwide 2020 | Trends, Growth and Profit Analysi …
IQF fruits are fruits prepared by using IQF method technology where individual fruits are sent to the blast-freezers process for fast freezing in order to enhance the shelf-life of the fruits and preserve it for a longer time. This technology preserves the fruit without changing the structure and flavor of the fruit. The global IQF fruits market is growing at substantial rate, owing to the rising popularity of non-seasonal fruits across
A Look at 2020's Red Berries Market Booming Worldwide By Top Emerging Key Player …
Red berries are pulpy fruits used across various food applications such as beverages, bakery, sauces, nutraceuticals, and snacks. They are also used in dairy food products to enhance flavors such as flavored ice creams and shakes. On the basis of nature the market is classified into organic and conventional. DOWNLOAD FREE Sample Copy of The Report: https://www.coherentmarketinsights.com/insight/request-sample/3969 Drivers: Growing demand for natural flavors across the food and beverage industry is predominantly fueling the

All 5 Releases


More Releases for Hyperlocal

Online Hyperlocal Services Market Illuminated By New Report
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 Request For Customization of Research Report @ https://www.coherentmarketinsights.com/insight/request-customization/1202 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,
Hyperlocal Services Market Globally Expected to Drive Growth through 2026
Hyperlocal services are availed by consumers located within a well-defined geographic locations (within the presence of service providers). Hyperlocal services include online delivery of cooked 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. The global hyperlocal service industry is currently in a state of transition. Emerging economies are witnessing
Global Hyperlocal Services Market Research Report 2016
2016 Global Hyperlocal Services Industry Report is a professional and in-depth research report on the world’s major regional market conditions of the Hyperlocal Services industry, focusing on the main regions (North America, Europe and Asia) and the main countries (United States, Germany, Japan and China). The report firstly introduced the Hyperlocal Services basics: definitions, classifications, applications and industry chain overview; industry policies and plans; product specifications; manufacturing processes; cost structures and
Hyperlocal Services Market Forecast Research Reports Offers Key Insights
Hyperlocal services are availed by consumers located within a well-defined geographic locations (within the presence of service providers). Hyperlocal services include online delivery of cooked 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. The global hyperlocal service industry is currently in a state of transition. Emerging economies are witnessing
Market Intelligence Report Hyperlocal Services, 2016-2026
Hyperlocal services are availed by consumers located within a well-defined geographic locations (within the presence of service providers). Hyperlocal services include online delivery of cooked 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. The global hyperlocal service industry is currently in a state of transition. Emerging economies are witnessing
Hyperlocal Services Market To Increase at Steady Growth Rate
Hyperlocal services are availed by consumers located within a well-defined geographic locations (within the presence of service providers). Hyperlocal services include online delivery of cooked 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. The global hyperlocal service industry is currently in a state of transition. Emerging economies are witnessing