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Hyperlocal Delivery App Market Size Forecasted To Achieve $6.63 Billion By 2029 With Steady Growth
Hyperlocal Delivery App
What Is the Hyperlocal Delivery App Market Size and Projected Growth Rate?
The hyperlocal delivery app market has grown exponentially in recent years. It will grow from $2.09 billion in 2024 to $2.64 billion in 2025 at a compound annual growth rate (CAGR) of 26.3%. This growth is driven by rising demand for hyperlocal delivery apps, rapid urbanization, localized marketing, increasing smartphone users, and the growing popularity of online food orders.
The hyperlocal delivery app market is expected to grow exponentially, reaching $6.63 billion by 2029 at a CAGR of 25.9%. The growth is attributed to rising investments, the growing e-commerce sector, demand for faster delivery, changing food habits, busy lifestyles, and increased smartphone penetration. Major trends include the adoption of digital logistics tools, the popularity of Q-business models, smartphone adoption, product standardization, and digital transformation.
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What Are the Major Segments in the Hyperlocal Delivery App Market?
The hyperlocal delivery app market covered in this report is segmented -
1) By Type: Web-Based Hyperlocal Delivery Apps, Mobile-Based Hyperlocal Delivery Apps, Other Types
2) By Industry: Retail And Consumer Packaged Goods (CPG), Medical And Healthcare, Food And Beverages, Courier Express And Parcel, Other Industries
3) By Application: Banking, Financial Services and Insurance (BFSI), Government, Information Technology (IT) And Telecommunication (Telecom), Healthcare, Energy And Utilities, Manufacturing, Other Applications
Subsegments:
1) By Web-Based Hyperlocal Delivery Apps: E-Commerce Delivery Platforms, Grocery Delivery Platforms, Food Delivery Platforms
2) By Mobile-Based Hyperlocal Delivery Apps: On-Demand Delivery Apps (Food, Groceries), Courier And Parcel Delivery Apps, Pharmacy And Healthcare Delivery Apps
3) By Other Types: Sms-Based Delivery Apps, Chatbot-Based Delivery Services
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What Are The Driving Hyperlocal Delivery App Market Evolution?
The growing e-commerce ecosystem is expected to propel the growth of the hyperlocal delivery app market going forward. The e-commerce ecosystem refers to the complex and dynamic network of interconnected entities, processes, and technologies that enable online commercial activities. The growing e-commerce ecosystem is attributed to increasing internet penetration, the 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 enhance 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. For instance, in May 2024, according to the United States Census Bureau, a US-based government agency, the U.S. retail e-commerce sales for the first quarter of 2024 reached $289.2 billion, a 2.1% increase (±0.7%) from the fourth quarter of 2023. Therefore, the growing e-commerce ecosystem is driving the hyperlocal delivery app market.
Which Firms Dominate The Hyperlocal Delivery App Market Segments?
Major companies operating in the hyperlocal delivery app market are Uber Technologies Inc., Delivery Hero SE, DoorDash Inc, Just Eat Takeaway.com, Glovo, Instacart, Deliveroo, Swiggy, Zomato Ltd., Grubhub, Zepto, Jungleworks, Postmates Inc., GoBrands Inc, DUNZO, FarEye Technologies Inc., Skedulo Holdings Inc., Bringg, Favor Delivery, Shipstation, LogiNext Solutions, Blink Commerce Private Limited, Clickpost, Rappi Inc., Stamps.com Inc.
What Hyperlocal Delivery App Market Trends Are Gaining Traction Across Different Segments?
Leading corporations in the hyperlocal delivery app market are pioneering novel solutions such as route optimization algorithms to boost delivery efficacy, cut down on fuel consumption, shorten delivery periods, and improve the cost effectiveness of operations. Such algorithms examine a variety of factors including delivery locations, traffic situations, vehicle capabilities, delivery scheduling, and the layout of roads to identify the most efficient routes for delivery staff. For example, in April 2022, LocoNav, an American tech company that specializes in fleet management solutions, introduced a revolutionary route optimization feature to improve fleet efficiency. This instrumental tool aids fleet managers in finding the most efficient routes factoring in real-time traffic and meteorological conditions, leading to a decrease in fuel and operational expenditures. In addition, it enhances fleet visibility, augments the number of runs per vehicle, and raises customer satisfaction by enabling faster deliveries.
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Which Is The Largest Region In The Hyperlocal Delivery App Market?
North America was the largest region in the hyperlocal delivery app market in 2023. The regions covered in the hyperlocal delivery app market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Hyperlocal Delivery App Market?
2. What is the CAGR expected in the Hyperlocal Delivery App Market?
3. What Are the Key Innovations Transforming the Hyperlocal Delivery App Industry?
4. Which Region Is Leading the Hyperlocal Delivery App Market?
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