The global online on-demand home services market size is expected to reach USD 14.7 billion by 2030, according to a new report by Grand View Research, Inc. The market is anticipated to expand at a CAGR of 16.7% from 2022 to 2030. The rising number of advertising and marketing campaigns is a critical online on-demand home services market trend that will contribute to the market growth. Presently, vendors in the global online on-demand home services market are launching advertisement campaigns through different platforms to generate customer awareness and retain a solid customer base. North America is expected to offer tremendous growth opportunities for the online on-demand home services market owing to the easier accessibility of products and services and quick payment options.
The rising number of advertising and marketing campaigns is a trend that will contribute to the market growth for online on-demand home services. Presently, vendors in the global market are launching advertisement campaigns through different platforms to generate customer awareness and retain a solid customer base. They have started using multiple strategic marketing tools to gain customers' attention.
The recent outbreak of COVID-19 had an immense effect on the online on-demand home services market. Even though the epidemic damaged the world economy, demand for cloud computing increased due to the pandemic. As a result, significant players took full benefit of the crisis to create ways to reform their business models. There was the rapid growth of the e-commerce platform, which essentially aided the boost in market growth. Further, during the pandemic, a large population was inclined towards digitalization and essentially adopted smartphones, which resulted in high internet penetration. Thus, the market witnessed a heightening requirement even during the pandemic. Hence, the increased demand during the lockdown restrictions has primarily helped the market gain traction.
In August 2022, Amazon planned to add mental health support to its primary-care service. Amazon Care, Amazon's primary-care service, intended to add behavioral health aid to its growing list of medical partners and offerings with Ginger, a mental health care provider. This facility will deliver Amazon Care users on-demand access to mental health professionals, like licensed psychiatrists or therapists. The move would observe the latest expansion of Amazon's nascent primary-care business, which shows on-demand virtual care with the help of an app, uniting people with physicians for immediate care services.
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Online On-demand Home Services Market Report Highlights
- The worldwide requirement for these types of facilities is rising owing to the ease of accessibility and convenience provided by these facilities
- The increasing usage of smartphones and their increasing demand and applications has also played a significant part in enhancing the demand for this market. It is expected that the rising demand for more comfortable accessibility of products is possible to pave the way for more opportunities in the near future
- The demand for healthcare on-demand will increase in recent years. Healthcare apps enable people to hire on-demand fitness and yoga trainer who can provide them with fitness and yoga training in person
- The mobile segment is expected to hold the largest market share and expand at a CAGR of 17.1% from 2022 to 2030
- The health and wellness segment is projected to grow at the highest CAGR over the forecast period
- The industry has remarkably evolved across the U.S. and Europe owing to the easy accessibility of products and services and quick payment options, which have been crucial factors affecting the market positively
Research Methodology
We employ a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. We utilize a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously.
About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S. based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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Over the last few years words such as ‘gig’, ‘gig economy’ has been popularised and turned out to be widely used term in the business world today.
Over the last few years, we have increasingly become dependent on our smartphones and it’s become an inevitable part of all our lives.
However, what separates the gig economy from the rest is that the gig economy is aligned towards providing individuals with a temporary fix, where one gets to earn when compared to a full-time team member but doesn’t receive the organisational benefits.
The main advantages of the gig economy are as follows; Flexibility Whether you are a gig worker or an employer in the gig economy you have a wide range of flexibility.
Source of Alternative Income The gig economy serves as a major source of income for several individuals.
The disadvantages of the gig economy are as follows; Irregular Incomes One of the major disadvantages of the gig economy is that as a gig workers your incomes are often inconsistent since you are paid based on the longevity of the task or the project.
When you go for building an online marketplace, then it becomes vital for you to choose the on-demand service based on which you will develop the app.
There are various on-demand services available in the market.
You can choose the one that best suits your needs and budget.Some of the trending on-demand services are:1.
Transportation services, including taxi, bike taxi, car rentals, and ride-sharing services2.
Delivery services, including food delivery, grocery delivery, medicine delivery, and flower delivery services3.
On-demand services, including beauty services, healthcare services, babysitting services, and several handyman servicesFor more details, visit @ https://www.appdupe.com/uber-for-x
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The Home Services Market research report elaborates on growth, size, current industry trends, and key players of the industry on the basis of in-depth data mining and industry analysis.
The content of the market study ensures intellectual insights giving a better understanding of the ideal opportunities in the Home Services market.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the Home Services include Angie’s List, Amazon Home Service, Home Depot and Myhammer.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Request Free sample copy of the report “Global Home Services Market” at: https://www.valuemarketresearch.com/contact/home-services-market/download-sampleMarket SegmentationThe broad Home Services has been sub-grouped into the Repairs and Maintainence, Deployment and region.
The report studies these subsets with respect to the geographical segmentation.
The strategists can gain a detailed insight and devise appropriate strategies to target specific market.
This world is an “on-demand” world.
Whether you demand a dog walker or a car washer, whether it is a doctor you need or a house cleaner, everything can be hired and booked through an application.
Not tomorrow, not next week and definitely not next month.
Just think about a taxi app.
The app then matches you with whoever is the best match to your requirements.
Everyone loves to order food.
