Online hyper-local services Market Size Facts, Figures and Analytical Insights Forecast 2022-2031

Market Overview:
Online hyper-local services mainly provide services to customers through online portals, websites, and apps. Online hyper-local services help customer to accesses this service for online purchase, to order food, e-ticket purchasing, for hotel booking, and transportation service among others. Online hyper-local services Market is facing challenges due to the coronavirus pandemic as hotels and restaurants are temporary shutdown and concern for high quality of food by customers. Increasing demand for mobile and internet enabled smart devices, increasing internet penetration, and shifting consumer preference towards on-demand services instead of physical stores and services are the few factors responsible for growth of the market over the forecast period. For instance as per statista, the global smart phone penetration rate was 33.5% in 2016 and has rise by 44.9% in 2020. Moreover, ttechnological advancements and rising dependency on easily accessible apps will create a lucrative demand for the market. Thus, customers demand for quality, verity, availability, and discounts on various product offered by online platform is another driving factor for the market. However, lack of awareness of internet connection and respective apps in many rural areas is the major factor restraining the growth of global Online hyper-local services market during the forecast period.

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The regional analysis of global Online hyper-local services market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the fast adoption of new advanced technology in daily life. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period.

Major market player included in this report are:
Zomato Media Pvt. Ltd (India)
Foodpanda group (Germany)
Uber Technologies Inc (U.S.), LLC (U.S.)
Tribus Group (Netherland)
Estately Inc. (U.S.)
Delivery Hero

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