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The outbreak of the COVID-19 pandemic positively impacted the growth in the overall hyperlocal services market. With governments imposing stringent social distancing regulations and lockdowns in a bid to contain the spread of the virus, different offline distribution channels were forced to function for reduced hours or shut down permanently.<br><br>Read more : https://www.tmrresearch.com/hyperlocal-services-market<br><br>Get Brochure : https://www.tmrresearch.com/sample/sample?flag=B&rep_id=8145
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Hyperlocal Services Market Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2021-2031 TMRResearch www.tmrresearch.com
Hyperlocal Services Market 1 MARKET OVERVIEW • Hyperlocal services assist in delivering different products in a short time. Some of the products delivered to consumers using these services include grocery, furniture, food, and medicine. • The outbreak of the COVID-19 pandemic positively impacted the growth in the overall hyperlocal services market. • With governments imposing stringent social distancing regulations and lockdowns in a bid to contain the spread of the virus, different offline distribution channels were forced to function for reduced hours or shut down permanently. • This meant consumers had to depend on different online distribution channels to deliver products, thereby helping the overall hyperlocal services market grow at a steady pace. TMRResearch www.tmrresearch.com
Hyperlocal Services Market 2 TRENDS & OPPORTUNITIES • Rising proliferation of smartphones among different population sections is the key growth driver for the global hyperlocal services market. • Also, continuous changes in customer lifestyle and preferences could trigger the growth in the global hyperlocal services market, in the years ahead. • Growth in online distribution channels such as ecommerce websites in leading economies globally could also offer substantial revenue-generating opportunities for prominent hyperlocal services market players, in the coming years. • Other factors such a rapid urbanization and rising disposable income among different population sections could bolster the hyperlocal services market, in future. TMRResearch www.tmrresearch.com
Hyperlocal Services Market 3 KEY COMPANIES • Key players in the Global Hyperlocal Services Market include • Grofers • Swiggy • Zomato • GrubHub • UberEats. TMRResearch www.tmrresearch.com
Hyperlocal Services Market 4 REGIONAL OUTLOOK • The global hyperlocal services market is divided into five regions, namely, North America, Asia Pacific, Latin America, Europe, and Middle East and Africa. • North America is expected to offer maximum revenue-generating opportunities for the global hyperlocal services market because of increasing investments in startups in countries such as US and Canada, contributing hugely to market growth in the region. • Europe is anticipated to witness significant growth in the overall market due to growing adoption of different technologies, witnessed in countries such as UK and Germany. TMRResearch www.tmrresearch.com
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