Market Overview:

According to Fortune Business Insights global Hyperlocal Services Market size was valued at USD 3,379.30 billion in 2023 and is expected to be worth USD 3,668.81 billion in 2024. The market is projected to reach USD 9,974.09 billion by 2032, recording a CAGR of 13.32% during the forecast period.

Hyperlocal services involve delivering goods or services to a specific location, typically within a few kilometers. Their main goal is to ensure quick and efficient delivery to customers in a defined area. The increase in smartphone usage has enhanced consumer engagement with local businesses, making it easier to access online services, such as food delivery, grocery shopping, and home utilities. This convenience caters to the on-demand lifestyle of today’s consumers, driving the growth of hyperlocal services.

LIST OF KEY COMPANIES PROFILED IN THE REPORT

• Swiggy (India)
• Zomato (India)
• Delivery Hero SE (Germany)
• Grubhub Inc. (U.S.)
• Instacart (U.S.)
• Dunzo (India)
• Urban Company (India)
• Housekeep (U.K.)
• Big Basket (India)
• Uber Technologies, Inc. (U.S.)

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Segmentation: