Global Hyperlocal Services Market :

Industry, Size, Share, Growth, Trends and

Forecast, 2019–2029
December 2021

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 About Us

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 Research Methodology

Identification
of data
Collection Verification
Collaboration
of
Evaluation of of Data and Analysis
Data
Market
Dynamics

1. This step involves identification of several primary 2.This process consists
and secondary data research sources, including of gathering data,
Prophecy internal data sources. accessing proprietary
The primary sources consist of in-depth discussions databases, and reaching
and interviews with policy makers, industry experts, out to key industry
and data evaluators, whereas secondary sources participants that
include a thorough study of market journals, press operate in the market
releases, annual reports, and Others and non Others across the value chain.
agencies websites. It also involves studying
This phase includes a detailed evaluation of several several patterns in
factors that are likely to affect the market dynamics. the historical data and
It involves a comprehensive assessment of major comparing it with the
market pain points, drivers, and trends. current scenario.
3.This stage involves the
validation of data and
arrival at actual statistics,
and evolution of the
market over the years. It
entails the study and
analyzes various segments
and Applications of the
market. An impact analysis
is also performed to
observe which factors will
affect the market in the
next few years.
4. This is the final stage,
which involves both
quantity and quality
checks. Although the
process of data
verification is an integral
part of the research
process, all data points
and statistics and figures
are re-checked to uphold
their authenticity and
validity.
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Research Objective

To analyze several micro-market

indicators considering growth To offer wide ranging market
To predict the
statistics with a detailed
factors, market prospects, and size of the
classification along with the
strategic market contribution market
market size of each segment

To analyze key
To outline and forecast the strengths,
Governance, Risk Management and opportunities,
Compliance (GRC) market in globally and strategies
based on segmentation and region of major
companies

To study market
To examine competitive scenarios opportunities for
such as collaborations, mergers and participants and To provide comprehensive
acquisitions, R&D activities, and stakeholders by information about factors that affect
advanced developments identifying high market dynamics
growth sectors in
the market

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Research Process

PROJECT REPORT POST-SALE

SCOPE DELIVERY SERVICE

PROJECT REPORT
KICKOFF SYNTHESIS

MARKET
PRELIMINARY
ANALYSIS &
RESEARCH
SEGMENTATION

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 Research Methodology
Global Market Size

Market/Revenue share split by each market segment

Market/Revenue share of each key player in each
such as By Service Type Fracturing Fluids/Fracturing
Type segment
Fluids sector/end user

Market/Revenue share of each key player in the Market/Revenue share split by each region and
global market country in the global market

Bottom-up Approach – Top-down Approach –

Collection of market related data and information Market size and analysis validation through primary
from primary and secondary sources, and data and secondary research participants and key opinion
analysis. leaders.
Primary Sources: Primary Sources:
 Demand Side Key Opinion Leaders  Demand Side Key Opinion Leaders
 Supply Side Key Opinion Leaders  Supply Side Key Opinion Leaders
Secondary Sources: Secondary Sources:
 Annual Reports  Annual Reports
 Financial Reports and Presentations  Financial Reports and Presentations
 Press Releases  Press Releases
 Research Journals  Research Journals
 Paid Data Sources  Paid Data Sources

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 Research Methodology
Definition and Scope – Prophecy Market Insights provide the market definition to
understand the target Type/service and provide the market scope to understand
the report coverage after thoroughly understanding of target market and market
specific requirements.

Primary Research – We formulates a detailed discussion guide to perform primary

research. In primary research collection of data is performed through telephonic
interview, E-mail questionnaire’s, and in-depth discussion with industry experts,
manufacturers, suppliers, and distributors. The primary research participant
includes but not limited to CEO’s, Managers, Directors, VP’s, Suppliers, CSO’s, and
etc.

Secondary Research – Our research analyst performs in-depth secondary research

and extensive data mining to collect market related information through various
authentic data sources such as Annual Reports, Trade Publications, Magazines,
Research Publications, Company Press Release, and some paid data sources.

In-house Data Analysis – After extensive data mining, we perform in-house market
analysis by using various data tools, statistical methods, and data analysis tools to
arrive on a conclusion and reduce the margin of error. We provide our overviews
and market forecast for the target market after thoroughly understanding and
analyzing of collected data, historic market trends, and research outputs.

Report Delivery – Prophecy Market Insights provide report in required electronic

format (preferably in PDF format), as PDF format is easy to read and present.
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Scope & Coverage

The report considers 2019 as the base year. All calculations involving quantitative data are
based on 2019. The values represented in the report are actual values for 2019, whereas,
the values are estimated for the period 2020−2029.

2019 2020 2021-2029

Base Year Estimated Year Forecast Years

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Market Segmentation

Global Hyperlocal Services Market

By Service Type By End-User By Region

 Food-Ordering  Individual Users  North America

 Grocery-Ordering  Commercial Users  Europe
 Home-Utility  Asia Pacific
 Latin America
Services
 Logistics Service  Middle East & Africa
Provider

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 Currency Conversion

Currency Conversion 2013-2018

The standard currency used throughout the report is USD ($). However, in the case of other currencies, the annual average currency rate
(January 1 to December 31) is used for conversion. These conversion rates are rounded to the nearest decimal place. The chart below
represents the standard conversion rates used in the report.

Currency Conversion 2013 2014 2015 2016 2017 2018

$/€ USD/EUR 0.7532 0.7535 0.8969 0.8988 0.8605 0.8566

$/£ USD/GBP 0.6395 0.6072 0.6526 0.7309 0.7607 0.7586

$/¥ USD/JPY 98.58 105.84 120.9 107.5269 113.8867 111.0019

$/₭ USD/SEK 6.5127 6.8587 8.404 8.9328 8.4135 8.8826

$/A$ USD/AUD 1.0362 1.1094 1.3112 1.343 1.3042 1.3578

$/¥ USD/RMB (CNY) 6.1905 6.1432 6.1606 6.61 6.6294 6.6675

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 Executive Summary (1/9)

Overview
 Hyperlocal services deal with online business models that offer various facilities and products which depend on the platform of
smartphones with GPS technology. The offerings include groceries from hypermarkets or superstores, food delivery from restaurants,
logistic services, and home utility services such as electrical repairing, carpentry, plumbing, laundry, and personal tutors.

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 Drivers (2/4)

Large discounts on competitive product offering costs

 The presence of a large number of local players in the global hyperlocal services market is characterized by venturing for the better
business growth prospects. Besides, few participants have entered into significant private ventures providing capital investments in
order to improve their presence through marketing and promotional activities for securing a large consumer base. This has resulted in
increased competition among the local and global players in the industry, in order to lead frequent major discounts and competitive
rating strategies for consumer retention.

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 Drivers and Restraints Impact Analysis

Drivers
Growth in adoption of smartphones
High

D1
featuring internet connectivity

D2 Large discounts on competitive

product offering costs
Impact on Market Growth Rate

D3 Increased consumer convenience

Likely Growth

Gaining significant popularity in the

D4 urban population owing to lack of
time and domestic help
Restraints
R1 Lack of awareness among
individuals concerning internet
connection and respective apps
R2 XXX
Low

Low Impact on Market Value High

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 PORTER’S FIVE FORCES ANALYSIS

Analysis Outcome
 The Porter’s five forces model studies the five identified
competitive forces that shape every industry and market, in
SU TH order to determine the intensity of the competition, and
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thus, the profitability and attractiveness of the industry.

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competitive forces in a manner that may improve the

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position of the organization. This study includes an

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exhaustive Porter’s five forces framework, incorporating

COMPETITIVE the factors influencing each force, to analyze the market
RIVALRY from a microeconomic perspective.
 In the study, Porter’s five forces are analyzed considering
the factors influencing each force and quantifying the
High factors, through primaries and quantitative analysis. The
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quantified factors are further mapped out, to derive the

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impact of each force on competitive dynamics.

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