Hyperlocal Services Market 2025-2029: Unveiling Growth Developments with the Latest Updates

 Created for forward-thinking professionals, this report equips teams with the insights needed to compete effectively in the hyperlocal services space.



How Fast Is The Hyperlocal Services Market Growing Towards 2025?
The hyperlocal services market size has grown rapidly in recent years. It will grow from $2896.35 billion in 2024 to $3342.19 billion in 2025 at a compound annual growth rate (CAGR) of 15.4%. The growth in the historic period can be attributed to increased urbanization, growing demand for convenience and time-saving services, increased disposable income, rising trend of e-commerce, proliferation of smartphones and mobile apps, growing demand for on-demand services.

The hyperlocal services market size is expected to see rapid growth in the next few years. It will grow to $5930.75 billion in 2029 at a compound annual growth rate (CAGR) of 15.4%. The growth in the forecast period can be attributed to rise of the gig economy and freelance workforce, advances in geolocation and mapping technologies, rise of contactless and cashless transactions in hyperlocal services, rising trend of localization, increasing popularity of online shopping. Major trends in the forecast period include advancements in technology, adoption of blockchain technology for secure transactions, integration of artificial intelligence in service delivery platforms, integration of augmented reality (AR) for enhanced user experiences, increased focus on community engagement and local partnerships.

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Hyperlocal Services Market Drivers And Opportunities
The growing funding for an e-commerce business has driven the hyperlocal services market in the historic period. The increased funding for an e-commerce business is because the e-commerce business or platforms are adopting hyperlocal services for the fast delivery of goods and services along with reducing time. For instance, in August 2024, according to data published by the United States Census Bureau, a US-based government agency, e-commerce sales reached $282.3 billion in this period, marking a 5.3% increase compared to the first quarter of 2023. Moreover, e-commerce sales represented 16% of total retail sales for the second quarter of 2024.

How Is The Hyperlocal Services Market Segmented?
The hyperlocal servicesmarket 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

Subsegments:
1) By Food Orders: Restaurant Deliveries, Meal Kits, Catering Services
2) By Grocery Orders: Fresh Produce, Packaged Goods, Specialty Items
3) By Household Utilities: Home Cleaning Services, Appliance Repair Services, Maintenance Services
4) By Logistics Service Providers: Last-Mile Delivery, On-Demand Transport, Courier Services
5) By Other Types: Personal Care Services, Event Services, Pet Services


What Are The Future Trends Of The Hyperlocal Services Market?
Major companies operating in the hyperlocal services market are focused on developing innovative solutions to enhance convenience and speed in service delivery, expand their service offerings, and improve customer experience. Hyperlocal delivery service refers to the provision of goods and services to customers from local businesses within a very short radius, typically within a few miles or even a few blocks. For instance, in October 2023, Zomato, an India-based food delivery company launched its hyperlocal delivery service, Xtreme, aiming to utilize its extensive delivery fleet of over 300,000 executives to facilitate intracity deliveries. This service was designed to cater to both small and large merchants, allowing them to ship small parcels, including items like documents, groceries, and cosmetics, weighing up to 10 kg.

Major Companies Operating In The Hyperlocal Services Market Are:
Major companies operating in the hyperlocal services market include Delivery Hero SE, AskforTask Inc., Blink Commerce Private Limited, Grubhub Inc., Handy Technologies Inc., Housekeep Limited, Maplebear Inc., Just Eat Limited, Uber Technologies Inc., Airtasker Pty Ltd., Bundl Technologies Private Limited, Foodpanda GmbH, Porch Group Inc., ANI Technologies Private Limited, 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, DoorDash Inc., Target Corporation, Rappi Inc., Favor Delivery LLC

View the full hyperlocal services market report here:
Hyperlocal Services Market Size, Trends And Growth Report 2025

Regional Analysis: Opportunities And Challenges In The Hyperlocal Services Market
North America was the largest region in the hyperlocal services market share in 2024. The regions covered in the hyperlocal services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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