Online Hyperlocal Services Market Vigorous Growth And
Eminent Players Forecast to 2026
Online Hyperlocal Services Market study provides key insights about
market drivers, restraints, opportunities, new product launches or
approval, regional outlook, and competitive strategies adopted by the
leading players.
Online hyperlocal services refer to online business models that cater to consumers in specifically
defined geographic locations that are under the reach of their regional service providers’
presence. These business models portfolio include restaurant food deliveries, superstores &
hypermarkets grocery deliveries, logistic services, and home utility services such as laundry,
plumbing, carpentry, electrical repairing, and personal tutors. Growth of this industry is
predominantly reliant on websites and application platforms, in addition to availability of GPS
technologies.
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According to GSM Association Intelligence Report’s published in October 2016, 44% of the global
smartphone users are subscribed to Internet connectivity and this is projected to surpass 60%
by 2020. Proliferation of smartphones and Internet in conjunction with significant paradigm shift
of consumers from physical payments to digital transaction is among the chief trends projected
to fuel the market growth over the forecast period. Accelitec WalletBuilder, Adyen, Airtel
Money, Paytm, Allied Wallet, Alipay, and Amazon Pay are some of the prominent payment