Global Online On-Demand Home Services Market Overview:
Online on demand home services are offered by software applications which run online or can be accessed over internet. These services are gaining traction owing to their ability to provide services on time in a cost effective way. The common on demand home services includes home cleaning, pest control, automobile repairs, plumbing, mobile repair and others.
- Growing Digitization and Smartphone Penetration
- Convenience for Consumer as They Access Services on the Go
- Rising Demand in Beauty and Personal Care
- Service Providers with Skilled Workforce are in Demand
- Unreliability of Services and Trust Deficit Among Consumer and Service Providers
- Security Issues and Rising Incident of Fraud Activities
- Growing Urbanization and Changing Lifestyle in Emerging Countries
- Rising Disposable Income of People
- Unorganized Nature of Market
- Reluctance Nature in Terms of Adoption in Rural Areas
Top players as well as emerging players are focusing on particular segments to making more market more competitive. An example of it can be recent entry of Indian company UrbanClap’s in Dubai along with tier -2 Indian cities where company choose not to offer services such as plumbing which is not required several time in year.
Some of the key players profiled in the report are Handy [United States], Hello Alfred [United States], YourMechanic [United States], Zaarly [United States], Airtasker [Australia], AskForTask [Canada], CLEANLY [United States], MyClean [United States], Paintzen [United States] and SERVIZ [United States]. Additionally, following companies can also be profiled that are part of our coverage like YourMechanic [United States], Laurel & Wolf, Inc [United States], ServiceWhale, Inc. [United States], TaskEasy, Inc. [United States], TaskRabbit [United States], Managed by Q [United States], ANGI Homeservices Inc [United States] and UrbanClap Technologies India Pvt. Ltd [India]. Analyst at AMA Research see United States Players to retain maximum share of Global Online On-Demand Home Services market by 2026. Considering Market by Service, the sub-segment i.e. Food will boost the Online On-Demand Home Services market.
Latest Market Insights:
October 2018-: ANGI Homeservices intended to acquire New York-based Handy Technologies, Inc to strengthen its business presence in United States market.
Online services are subjected to data breach and it requires strong data protection laws. Global organization such as General Data Protection Regulation (GDPR) has stern rule regarding public data breach where companies are liable to pay 4 % of their annual turnover or €20 million, whichever is greater, in case of public data breach.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Online On-Demand Home Services market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Online On-Demand Home Services market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Online On-Demand Home Services Providers, Government agencies and Research Institute.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.