Global Hyperlocal Services Market Major Players 2024, Forecast To 2033
21 Feb, 2024
The hyperlocal services market has seen rapid growth, reaching $2521.66 billion in 2023 and projected to grow to $2944.16 billion in 2024, with a 16.8% CAGR. The forecast anticipates further expansion to $5239.87 billion in 2028, with a 15.5% CAGR. Trends include gig economy rise, geolocation tech, and contactless transactions.
Global Hyperlocal Services Market Key Driver
Hyperlocal services are thriving, fueled by increased funding in the e-commerce sector. E-commerce platforms seek rapid goods and services delivery through hyperlocal services, attracting substantial investments. In July 2021, Flipkart secured $36.5 billion in funding from private equities, Walmart, and sovereign funds. This growing financial support for e-commerce businesses is a driving force behind the expansion of hyperlocal services, meeting the demand for swift and efficient deliveries.
Get A Free Sample Of The Global Hyperlocal Services Market ReportGlobal Hyperlocal Services Market Segments
The hyperlocal services market covered in this report is segmented –
1)By Type: Food Orders, Grocery Orders, Household Utilities, Logistics Service Providers, Other Types
2)By Nature: Goods Delivery, Utility Services
3)By Revenue Model: Subscription, Advertisement, Sponsorship, Other Revenue Models
4)By Device: Smartphones, Smart TVs, Projectors and Monitors., Laptop, Desktops and Tablets, Other Devices
5)By Application: Individual Users, Commercial Users
By Geography: The regions covered in the template market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
North America was the largest region in the hyperlocal services market share in 2023. The regions covered in the hyperlocal services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Hyperlocal Services Industry Players
Delivery Hero SE; AskforTask Inc.; Blink Commerce Private Limited; Grubhub Inc.; Handy Technologies Inc.; Housekeep Limited; Maplebear Inc.; Just Eat Limited; Just Eat Takeawaycom NV; Uber Technologies Inc.; Airtasker Pty Ltd.; Bundl Technologies Private Limited; Foodpanda GmbH; Porch Group Inc.; ibibo Group Private Limited; ANI Technologies Private Limited; Zimmer Biomet Holdings Inc.; UrbanClap Technologies India Pvt. Ltd.; Mechlae Tech Mobility Solutions Private Limited; Wishbee World Private Limited; Cloudify Technologies Private Limited; Wefast India Private Limited; DC Foodiebay Online Services Private Limited; Grab Holdings Ltd.; PT Aplikasi Karya Anak Bangsa; Postmates Inc.; DoorDash Inc.; Target Corporation; Rappi Inc.; Favor Delivery LLC; Caviar Inc.
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Hyperlocal Services Market Overview
Hyperlocal services refer to services that deliver goods and services using multiple modes of transportation such as bikes, cars, and cabs and are used to deliver the products, goods, and services to the customers from the nearby offline store available within a limited period of period. The hyperlocal services help to change the already specified location, filtering products, and tracking the products.
Hyperlocal Services Global Market Report 2023 provides data on the global hyperlocal services market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The hyperlocal services market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.