Online Hyper-local Services Market : Industry Analysis and Detailed Profiles of top Industry Players

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Online hyper-local services mainly provide services to customers through online portals, websites, and apps. The consumer accesses this service for online purchase, to order food, for hotel booking, e-ticket purchasing, and transportation service among others.

The global market of online hyper-local services is growing significantly and is expected to see robust growth during the forecast period. Internet accessibility is driving the growth of online hyper-local services globally owing to the increasing use of smart phones. The market is also being driven by enhanced awareness of advanced technology and dependence on easily accessible apps in daily life. Due to the rapid penetration of various e-commerce companies, manufacturers operating in this field are trigging the market growth of online hyper-local services.

The online hyper-local services market is segmented into two categories, based on end use and service. By end use, the market is segmented by individual users and commercial users. In terms of service, the market is segmented into food ordering, grocery ordering, home utility service, logistics service providers, and others.

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By geography, the global online hyper-local services market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. The North America online hyper-local service market held the dominant share in 2016 and is anticipated to hold its position throughout the forecast period. The Asia Pacific (APAC) online hyper-local service market is expected to expand at the highest CAGR during the forecast period 2017-2025. Increasing adoption of advanced technology in daily life is the major driving factor in North America and is expected to fuel the overall market growth of the online hyper-local services market during the forecast period.

The online hyper-local service market is marked by strong competition from the key players operating in this industry. This is because of numerous mergers and acquisitions, joint ventures and partnership agreements, product innovation, research and development, and geographical expansion strategies adopted by players to ensure long-term sustenance in these markets.

Key participants in the global online hyper-local services market include Zomato Media Pvt. Ltd (India), Foodpanda group (Germany), Uber Technologies Inc (U.S.)., HomeFinder.com, LLC (U.S.), Tribus Group (Netherland) and Estately Inc. (U.S.).