Global Hyperlocal Delivery Apps Market Report 2024 – Market Size, Trends and Global Forecast 2024-2033
Global Hyperlocal Delivery Apps Market Report 2024 by Business Research Company – Market Size, Trends and Global Forecast 2024-2033
— The economic research company
LONDON, GREATER LONDON, UK, August 19, 2024 /EINPresswire.com/ — The hyperlocal delivery apps market has witnessed strong growth in the past few years, growing from $1.66 billion in 2023 to $2.09 billion by 2024 at a compound annual growth rate (CAGR) of 25.7%. The growth during the historical period is attributed to the increasing demand for hyperlocal delivery apps, rapid urbanization in different regions, localized marketing and personalization, rising number of smartphone users, and increasing number of people ordering food online.
Strong future growth expected
The hyperlocal delivery app market is expected to continue to grow at a strong pace and reach USD 5.27 billion in 2028, growing at a compound annual growth rate (CAGR) of 26.0%. The growth during the forecast period is attributed to increasing investments, growing e-commerce ecosystem, fast delivery, changing living and eating habits, and busy lifestyles and increasing smartphone penetration.
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Growth drivers of the hyperlocal delivery app market
The growing e-commerce ecosystem is expected to drive the growth of the hyperlocal delivery apps market in the future. E-commerce ecosystem refers to the complex and dynamic network of interconnected entities, processes, and technologies that enable online commerce activities. The growing e-commerce ecosystem is attributed to increasing internet penetration, proliferation of smartphones, advancements in logistics and supply chain management, a shift in consumer purchasing behavior towards online shopping, and the convenience of digital payment options. Hyperlocal delivery apps are enhancing the e-commerce ecosystem by providing fast and efficient last-mile delivery services, improving customer satisfaction, reducing delivery costs, and supporting local businesses by expanding their reach.
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Key players and market trends
Major players in the hyperlocal delivery app market include Uber Technologies Inc., Delivery Hero SE, DoorDash Inc., Just Eat Takeaway.com, Glovo, Instacart, Deliveroo, Swiggy, and Zomato Ltd.
Large companies operating in the hyperlocal delivery app market are developing innovative solutions such as route optimization algorithms to improve delivery efficiency, reduce fuel consumption, minimize delivery times, and improve operational cost efficiency. Route optimization algorithms analyze multiple variables such as delivery addresses, traffic conditions, vehicle capacities, delivery time windows, and road networks to determine the most efficient routes for delivery personnel.
Segments:
1) By Type: Web-based hyperlocal delivery apps, mobile-based hyperlocal delivery apps, other types
2) By industry: Retail and consumer goods (CPG), medical and healthcare, food and beverage, courier and parcel services, other industries
3) By Application: Banking, Financial Services & Insurance (BFSI), Government, Information Technology (IT) & Telecommunication (Telecom), Healthcare, Energy & Utilities, Manufacturing, Other Applications
Geographical insights: North America is the market leader
North America was the largest region in the hyperlocal delivery apps market in 2023. The regions covered in the hyperlocal delivery apps market report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Defining the hyperlocal delivery app market
A hyperlocal delivery app is an online tool that enables efficient delivery of products and services within a small, localized area, simplifying the process of delivering items from nearby stores and businesses directly to customers’ locations. The main goal of a hyperlocal delivery app is to enable fast and convenient delivery services within a specific geographical area by connecting customers with nearby businesses, thus ensuring efficient order fulfillment.
The Business Research Company’s global Hyperlocal Delivery Apps Market report 2024 includes the following information:
• Market size data for the forecast period: Historical and future
• Market analysis by regions: Asia Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by country: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and much more.
Global Hyperlocal Delivery Apps Market report 2024 by The Business Research Company is the most comprehensive report which offers insights into Hyperlocal Delivery Apps market size, Hyperlocal Delivery Apps market drivers and trends, Hyperlocal Delivery Apps market key players, Hyperlocal Delivery Apps competitors’ revenues, Hyperlocal Delivery Apps market positioning and Hyperlocal Delivery Apps market growth in different regions. Hyperlocal Delivery Apps market report helps you gain deep insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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