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The global hyperlocal services market is expected to grow from $1.84 trillion in 2021 to $2.13 trillion in 2022 at a compound annual growth rate (CAGR) of 15.8%. The global hyperlocal services market size is expected to grow to $3.81 trillion in 2026 at a CAGR of 15.6%.

The growing funding for an e-commerce business has driven the hyperlocal services market in the historic period.

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The hyperlocal services market consists of sales of hyperlocal services by entities (organizations, sole traders, and partnerships) that are online services. Hyperlocal services are limited to a particular geographical area. Hyperlocal services are used to deliver products, goods, and services to customers from a nearby offline store within a limited period of time. They deliver goods and services using multiple modes of transportation like bikes, cars, and cabs. The hyperlocal services have many benefits for the customers, like the facility to change the already specified location, filter products, and track the products.

Global Hyperlocal Services Market Segments Include:

By Type: Food Orders, Grocery Orders, Household Utilities, Logistics Service Providers, Others

By Nature: Goods Delivery, Utility Services

By Revenue Model: Subscription, Advertisement, Sponsorship, Others

By Device: Smartphones, Smart TVs, Projectors and Monitors, Laptop, Desktops and Tablets, Others

By Application: Individual Users, Commercial Users

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global hyperlocal services market in 2021.

Technological advancements and integrations are shaping the hyperlocal services market. Technological advancements are the discovery of knowledge that helps in developing services using technology.

TBRC’s Hyperlocal Services Market Report Covers:

Major Market Players: Delivery Hero, AskforTask, Grofers India Private Limited (Blinkit), Grubhub, Handy, Housekeep, Instacart, Just Eat Takeaway, Uber Technologies Inc., Airtasker, Swiggy, Foodpanda, Porch, Ibibo Group, ANI Technologies Private Limited, Zimmber, and Urban Company.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Hyperlocal Services Global Market Report 2022  is one of a series of new reports from The Business Research Company that provides hyperlocal services market overviews, analyzes and forecasts market size, share, hyperlocal services market players, hyperlocal services market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s hyperlocal services market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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