Hyperlocal Service Marketplace, Business Model, E Commerce and Industry Demand 2023
The global hyperlocal service is driven by increase in adoption of online shopping owing to rise in penetration of smartphones across the developing regions, increased logistic demand, and interest of investors in the hyperlocal e-commerce segment. The market is highly unorganized with numerous small localized players, which restrains the market. In addition, growth in consumer preference for premium services and brands, and penetration of the hyperlocal services even in remote areas are expected to drive the market.
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