Press release
Exploring the Global Online On-demand Home Services Market: A Comprehensive Overview
The online on-demand home services market size is expected to see rapid growth in the next few years. It will grow to $9.03 billion in 2028 at a compound annual growth rate (CAGR) of 14.3%. The growth in the forecast period can be attributed to iot and smart home integration, rise of remote work, contactless and safe service options, ai-driven personalization, expansion of service offerings.. Major trends in the forecast period include contactless payment and digital transactions, focus on health and safety protocols, expansion to tier 2 and tier 3 cities, personalized service recommendations, rise of diy and remote guidance services..
Market Overview -
Online on-demand home services refer to those that bridge the gap between offline and online services instantly to deliver effective home services. It is used by any authorized user wishing to look for household services using an ingenious web-based system.
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Rise In Use Of Smartphones Drives Growth In Online On-Demand Home Services Market
The surging usage of smartphones is expected to boost the growth of the online on-demand home services market going forward. A smartphone refers to a portable electronic device that connects to a cellular network. People's daily lives depend heavily on smartphones because they offer a platform for an almost limitless array of services, hence, the surging usage of smartphones is expected to boost the online on-demand home services market. For instance, in June 2021, according to a report published by SimpleTexting, a US-based SMS marketing service that provides users with tools to create and execute text message marketing campaigns, Mississippi recorded 5.7 hours of mobile usage per day with an average of 86.2 days each month. It amounts to 40 hours a week spent on phones. Therefore, the surging usage of smartphones is driving the growth of the online on-demand home services market.
Competitive Landscape -
Major companies operating in the online on-demand home services market report are Amazon.com Inc., Angi Inc., Helpling GmbH, TaskRabbit Inc., The ServiceMaster Company LLC, AskforTask Inc., Handy Technologies Inc., TaskEasy Inc., ByNext Inc., Urban Company (previously UrbanClap) Technologies Pvt. Ltd., Paintzen Inc., Porch.com Inc., E Home Services Pte. Ltd., ServiceWhale Inc., Fixico B.V., Airtasker Pty Ltd., Zaarly Inc., Hello Alfred Inc., SERVIZ Inc., Homejoy Inc., Thumbtack Inc., HomeAdvisor Inc., Takl Inc., LawnStarter Inc., Lawn Love Inc., Plowz & Mowz Inc., YourMechanic Inc., Openbay Inc., Carvana Co., Turo Inc., Getaround Inc., Zipcar Inc., Silvercar Inc., Drizly Inc., Saucey Inc., Minibar Delivery LLC, Instacart Inc., Shipt Inc., Postmates Inc., DoorDash Inc., Grubhub Holdings Inc., Uber Technologies Inc., Caviar Inc., Seamless Holdings Corporation, EatStreet Inc. .
Innovating Products In Online On-Demand Home Services Market
Product innovation is the key trend gaining popularity in the online on-demand home services market. Major companies operating in the online on-demand home services market are focusing on developing innovative products to gain a competitive edge in the market. For instance, in July 2021, Angi, a US-based online directory that connects consumers with local home service providers, from contractors to home cleaners, launched Angi Key, a new membership service. This service's unique feature is that it gives homeowners access to simple, dependable, and affordable home maintenance, improvement, and emergency repair. Members of Angi Key are eligible for savings on a huge variety of typical home improvement tasks. They may also browse, book, and purchase home services with the same ease as ordering delivery, hailing a cab, or making an online purchase.
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Key Segments -
The online on-demand home services market covered in this report is segmented -
1) By Types: Cellular, Non-Cellular
2) By Platform: Web, Mobile
3) By End-User: Media And Entertainment, Carpentry, Food, Home Welfare, Beauty, Retail, Healthcare
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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