Hyperlocal Services Market Latest Report (2023-2032): Emerging Trends, Future Outlook, Opportunity Assessment And Production Analysis | Major Players Are Delivery Hero, AskforTask, Grofers India Private Limited (Blinkit), Grubhub, Handy
Hyperlocal Services Market Size, Growth Rate, And Forecast:
The global hyperlocal services market size grew from $2,139.14 billion in 2022 to $2,478.27 billion in 2023 at a compound annual growth rate (CAGR) of 15.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The hyperlocal services market size is expected to grow to $4,505.51 billion in 2027 at a CAGR of 16.1%.
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Hyperlocal Services Market Drivers:
The growing funding for an e-commerce business has driven the hyperlocal services market in the historic period. The increased funding for an e-commerce business is because the e-commerce business or platforms are adopting hyperlocal services for the fast delivery of goods and services along with reducing time..
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Hyperlocal Services Market Segments:
By Type: Food Orders, Grocery Orders, Household Utilities, Logistics Service Providers, Other Types
By Nature: Goods Delivery, Utility Services
By Revenue Model: Subscription, Advertisement, Sponsorship, Other Revenue Models
By Device: Smartphones, Smart TVs, Projectors and Monitors., Laptop, Desktops and Tablets, Other Devices
By Application: Individual Users, Commercial Users
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Hyperlocal Services Market.
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Hyperlocal Services Market Key Players:
Major competitors in the Hyperlocal Services Market include Delivery Hero, AskforTask, Grofers India Private Limited (Blinkit), Grubhub, Handy, Housekeep, Instacart.
The Business Research Company's "Global Hyperlocal Services Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Hyperlocal Services Market Include:
1. Executive Summary
2. Hyperlocal Services Market Characteristics
3. Hyperlocal Services Market Trends And Strategies
4. Hyperlocal Services - Macro Economic Scenario
5. Hyperlocal Services Market Size And Growth
26. Africa Hyperlocal Services Market
27. Hyperlocal Services Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Hyperlocal Services Market
29. Hyperlocal Services Market Future Outlook and Potential Analysis
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