With the emergence and long-term Impact of COVID-19, Global Hyperlocal Services Market to reach USD 5984.72 Billion by 2029
Bizwit Research & Consulting LLP’s recent analysis on the Global Hyperlocal Services Market points towards a potential rise to USD 5984.72 Billion by 2029. Hyperlocal Services are a type of service that is offered within a limited geographic area in which sellers deliver products and services in minimum time period. Hyperlocal services comprised of delivery of products and services including utility and logistics services and delivery of products such as groceries. Food etc. The increasing smartphone penetration and growing expansion of e-commerce industry as well as strategic initiatives from leading market players are key factors accelerating the market growth.
Geographically, the global Hyperlocal Services market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America dominated the market in terms of revenue, owing to the increasing penetration of high-speed internet services and presence of leading market players in the region. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising digitization across the industries and increasing adoption of smartphones coupled with rising emergence of hyper delivery platforms in the region.
The global Hyperlocal Services market is highly competitive owing to the presence of several key manufacturers such as AskforTask Inc, Delivery Hero Se Grofers India Private Limited Housekeep Limited, Instacart Just Eat Takeaway.Com N.V., Uber Technologies Angi Inc, Urban Company, Zomato Limited, and others.
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Key findings of the study suggest:
- Global Hyperlocal Services Market is anticipated to grow with a healthy growth rate of more than 14.9% over the forecast period 2022-2029.
- In the Type segment, Food Ordering emerged out as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to increasing penetration of high-speed internet services in the region.
- Asia Pacific is also expected to grow at higher rate during 2022-2029 owing to increasing adoption of smartphones in the region.
Bizwit Research & Consulting has considered following segments for the study:
By Nature
- Goods Delivery
- Utility Services
By Type
- Food Ordering
- Grocery Ordering
- Home Utility Service
- Logistic Service Providers
- Others
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. The company has a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. Bizwit incorporate big data, expert analysis, and huge industry database to deliver client focused business consulting reports. Our analysts perform unbiased measurement and assessment of market opportunities to comprehend detailed market forecast. Our team of key opinion leaders evaluates the market size, growth prospects, end-use, applications, value & supply chain and top vendors in the industry to help the clients to take conversant business decisions without any vague assumptions.
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