Hyperlocal Services Market Expected to Reach $3,634.3 billion by 2027

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2. Hyperlocal Services Market Expected to Reach $3,634.3 billion by 2027 According to a new report published by Allied Market Research, titled, “Hyperlocal Services Market by Type, and Nature: Opportunity Analysis and Industry Forecast, 2021–2027,”The global Hyperlocal Services Market is expected to reach $ 3,634.3 billion by 2027 at a CAGR of 17.9% from 2021 to 2027. Hyperlocal services refer to services where service provider deliver goods and utility services are ordered by consumers within limited or well-defined geographic location, from where seller delivers goods in minimum time period. Hyperlocal services includes online delivery of goods such as food, grocery, and online services including personal care and growing, house cleaning, plumbing and lawn care. These delivery services are ordered form local services providers in nearby places, which results in decrease in delivery time and cost. Hyperlocal Services Market Download Report Sample

3. Request For Sample :- https://www.alliedmarketresearch.com/request-sample/3849 Some of the key players analyzed in the Hyperlocal Services Market analysis includes Delivery Hero Just-Eat Takeaway.com GrubHub Grofers Instacart Housekeep Uber Technologies Inc. Handy, AskForTask. Hyperlocal Services Market Download Report Sample

4. Hyperlocal Services Market According to the current Hyperlocal Services Market trends, the market is segmented on the basis of type, nature, and region. By type, it is categorized into food ordering, grocery ordering, home utility service, logistic service providers, others. By nature, it is divided into goods delivery and utility services. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, the UK, France, Russia, Italy, Spain, Rest Of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). On the basis of type, the food ordering segment was valued at $315.1 billion in 2019, and is projected to reach $1,028.2 billion by 2027, registering a CAGR of 20.1% from 2021 to 2027. This is majorly attributed to extensive promotion of the online food delivery platforms through discounts, referring awards, and TV and social media advertisements. Many companies are expanding their market share by applying various strategies such as merger, acquisitions, and partnership, which likely to boost the growth of the online food delivery market during forecast period. For instance, Zomato, an Indian food delivery service company, acquired Indian penetration of Uber Eats for $350 million in January 2020. This acquisition deal is expected to help Zomato to cover more than 50% of market share in India. Download Report Sample

5. On the basis of nature, the utility services segment was valued at $716.2 billion in 2019, and is expected to reach $1,585.50 billion by 2027, registering a CAGR of 14.9% from 2021 to 2027. Utility services include home services, logistic services, and tuition services. For instance, home moving, plumbing, lawn care, appliance repair, house cleaning, roofing, fencing and electrical are some of the home services gaining huge demand from consumer end. Growing urbanization, busy lifestyle and increasing working age population leads to increase the demand for home utility services, which in turn has triggered the growth of the hyperlocal based utility services. Furthermore, increased utility of smartphones and its user base is projected to offer lucrative opportunities for offline services providers to use online platforms to boost their business. Purchase this Report (Price 6,169 USD for single user license):https://www.alliedmarketresearch.com/checkout-final/5c9c83620f05b709a4d965eb94d7cec5 Hyperlocal Services Market Download Report Sample

6. Key Findings Of The Study The Hyperlocal Services Market size was valued at $1,324.2 billion in 2019, and is estimated to reach $3,634.3 billion by 2027, growing at a CAGR of 17.9% during the forecast period. By type, the grocery ordering segment is estimated to witness the fastest growth, registering a CAGR of 23.8% during the forecast period. In 2019, by nature, the goods delivery segment was valued at $608.0 billion in 2019 and it accounted for 45.9% of the global Hyperlocal Services Market share. In 2019, the U.S. was the most prominent market in North America, and is projected to reach $800.9 billion by 2027, growing at a CAGR of 12.6% during the forecast period. Do You Have Any Query Or Specific Requirement? Ask to Our Industry Expert: https://www.alliedmarketresearch.com/purchase-enquiry/3849 Hyperlocal Services Market Download Report Sample

7. About Allied Market Research: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting services to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. Hyperlocal Services Market Download Report Sample

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