Global Online On-Demand Home Services Market, By Types (Cellular, Non-cellular), Services (Media and Entertainment, Carpentry, Food, Home Welfare, Beauty, Retail, Healthcare) – Industry Trends and Forecast to 2029Global Online On-Demand Home Services Market, By Types (Cellular, Non-cellular), Services (Media and Entertainment, Carpentry, Food, Home Welfare, Beauty, Retail, Healthcare) – Industry Trends and Forecast to 2029.
Global Online On-Demand Home Services Market Analysis and Size
There is digital's pervasiveness in almost every part of our life and its applications have become more extensive. Customers' increasing expectations for a variety of services, such as retail and financial, as well as the ability to view movies from the comfort of their own homes, has resulted in the formation of new businesses to meet these needs. This has been a significant contributor to the market's overall expansion over forecasted period.
- The online on-demand home services market was valued at USD 3456.00 million in 2021 and is expected to reach USD 6396.81 million by 2029, registering a CAGR of 8.0% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behavior.
Global Online On-Demand Home Services Market Definition
An online service, often known as software as a service (SaaS), is offered by a software application that runs online and makes services available to users via an interface. To put it another way, these online services relate to any information or services made available over the internet that allow subscribers to speak with one another while also enabling unrestricted access to all information. These services can be basic or complicated, and they can assist users find needed information using a search engine, with both free and paid options accessible. Customers can use online on-demand home services to try out different services in the comfort of their own homes with just one click, saving both time and money.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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By Types (Cellular, Non-cellular), Services (Media and Entertainment, Carpentry, Food, Home Welfare, Beauty, Retail, Healthcare)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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Microsoft (U.S.), Accenture (Ireland), OutSystems - Software em Rede, S.A. (U.S.), Hewlett Packard Enterprise Development LP (U.S.), GitLab, B.V (U.S.), abc.xyz (U.S.), Google (U.S.), Handy (U.S.), Hello Alfred (U.S.), Amazon (U.S.), YourMechanic (U.S.), Hello Alfred (U.S.), Amazon.com Inc. (U.S.), ANGI (U.S.), AskforTask & Airzai (U.S.), ByNext (Singapore), Helpling (UK), MyClean (U.S.), ServiceWhale Inc. (U.S.), TaskRabbit (U.S.) and The ServiceMaster Company, LLC (U.S.)
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Market Opportunities
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Online On-Demand Home Services Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
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Increased Demand for Services
Customers' increasing expectations for a varied variety of services, such as retail and financial, as well as the ability to view movies from the comfort of their own homes, has resulted in the formation of new businesses to meet these needs. Additionally, the benefits provided by these services such as saving of time, flexibility and mobility also further boosts the demand for the market. This has been a significant contributor to the market's overall expansion.
The surging usage of smartphones, availability of data at a cheaper rate along with its increasing demand and applications will further propel the growth rate of online on-demand home services market. Additionally, the rising demand for easier accessibility of products along with the rapid urbanization will also drive market value growth over forecasted timeframe. Furthermore, the factors such as the influence of digitalization, and rising level of income of people around the world also boosts the overall market’s growth.
Opportunities
- Growing Advancements and Investments
Furthermore, the increasing investment made by end-use enterprises on the cloud-based solution coupled with rapid growth of the m-commerce platform further extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the development of technologically advanced apps to deliver timely services will further expand the future growth of the online on-demand home services market.
Restraints/Challenges Global Online On-Demand Home Services Market
- Highly Fragmented Market
However, the highly fragmented character of the market, which offers issues in gaining client trust, is expected to be a major stumbling block. This factor will create hindrances for the growth of the online on-demand home services market.
- Risk of Security
Another key element that is expected to have a negative influence on the whole market is security and fraud risks linked with online apps. Therefore, this factor is anticipated to challenge the online on-demand home services market growth rate.
This online on-demand home services market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the online on-demand home services market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Online On-Demand Home Services Market
The recent outbreak of coronavirus had an immense impact on the online on-demand home services market. Although the epidemic damaged the world economy, yet demand for cloud computing grew as a result of the catastrophe. As a result, prominent players took full advantage of the crisis to devise ways to restructure their business models. There was rapid growth of the m-commerce platform, which largely aided the boost in market growth. Additionally, during pandemic a large amount of population inclined towards the digitalization and adopted the smartphones largely which resulted in high internet penetration. Therefore, the market witnessed the heightening of demand even during the COVID-19 pandemic. Therefore, the increased service demand during the lockdowns restrictions have largely heled the market to gain traction.
Recent Development
- In August 2021, Microsoft Corporation teamed up with Aera Technology, a digital technology business that specialises in automation. This partnership is expected to aid in the integration of Microsoft Azure's digital twins with Aera's cognitive operating system, resulting in a virtual version of a physical entity in the automation process.
Global Online On-Demand Home Services Market Scope
The online on-demand home services market is segmented on the basis of types and services. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Types
- Cellular
- Non-cellular
On the basis of types, the online on-demand home services market has been segmented into cellular and non-cellular.
Services
- Media and Entertainment
- Carpentry
- Food
- Home Welfare
- Beauty
- Retail
- Healthcare
On the basis of services, the online on-demand home services market is segmented into media and entertainment, carpentry, food, home welfare, beauty, retail and healthcare.
Online On-Demand Home Services Market Regional Analysis/Insights
The online on-demand home services market is analyzed and market size insights and trends are provided by country, types and services as referenced above.
The countries covered in the online on-demand home services market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the online on-demand home services market because of the easier accessibility of products and services along with quick payment options within the region.
Asia-Pacific on the other hand, is estimated to show lucrative growth during the forecast period of 2022 to 2029 due to the increasing inclination towards online on-demand home services along with increasing internet penetration and increased digitization in the emerging economies in the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Online On-Demand Home Services Market Share Analysis
The online on-demand home services market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to online on-demand home services market.
Some of the major players operating in the online on-demand home services market are:
- Microsoft (U.S.)
- Accenture (Ireland)
- OutSystems - Software em Rede, S.A. (U.S.)
- Hewlett Packard Enterprise Development LP (U.S.)
- GitLab, B.V (U.S.)
- abc.xyz (U.S.)
- Google (U.S.)
- Handy (U.S.)
- Hello Alfred (U.S.)
- Amazon (U.S.)
- YourMechanic (U.S.).
- Hello Alfred (U.S.)
- Amazon.com Inc. (U.S.),
- ANGI (U.S.),
- AskforTask & Airzai (U.S.)
- ByNext (Singapore)
- Helpling (UK)
- MyClean (U.S.)
- ServiceWhale Inc. (U.S.)
- TaskRabbit (U.S.)
- The ServiceMaster Company, LLC (U.S.)
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