NEW YORK, March 8, 2021 /PRNewswire/ -- The online grocery delivery services market is expected to grow by USD 631.84 billion during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the online grocery delivery services market in optimistic, probable, and pessimistic forecast scenarios.
The online grocery delivery services market will witness a positive impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio's pandemic-focused market research, market growth increased in 2020 as compared to 2019.
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renew phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.
This post-pandemic business planning research will aid clients to:
Adjust their strategic planning to move ahead once business stability kicks in.
Build Resilience by making effective resource and investment choicesfor individual business units, products, and service lines.
Conceptualize scenario-based planning to mitigate future crisis situations.
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Major Three Online Grocery Delivery Services Market Participants:
Albertsons Companies Inc. Albertsons Companies Inc. operates its business through the Food and drug retail segment. The company offers various grocery products online.
Alibaba Group Holding Ltd. Alibaba Group Holding Ltd. operates its business through segments such as Core commerce, Cloud computing, Digital media and entertainment, and Innovation initiatives and others. The company offers various grocery products online.
Amazon.com Inc. Amazon.com Inc. operates its business through segments such as North America, International, and Amazon Web Services. The company offers various grocery products online.
Online Grocery Delivery Services Market 2020-2024: Segmentation Online grocery delivery services market is segmented as below:
The online grocery delivery services market is driven by the increased adoption of e-commerce platforms. In addition, other factors such as rapid growth in m-commerce are expected to trigger the online grocery delivery services market toward witnessing a CAGR of almost 29% during the forecast period.
About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.