Online On-demand Home Services Market Size to Grow by USD 7,259.2 Billion at a CAGR of 60.78% from 2022 to 2027 - Historic market size valued at USD 136.42 Billion between 2017 and 2021 - Technavio

NEW YORK, March 6, 2023 /PRNewswire/ -- The online on-demand home services market is projected to increase at a CAGR of 60.78% during the forecast period – 2022 to 2027 by Technavio data analysts and research experts. This market research report also suggests statistics about the market size that will grow by USD 7,259.2 billion. For exclusive market statistics and other relevant market information, historic (2017 to 2021) and forecast market size (2023 to 2027)  - buy the report.

Multiple benefits of availing online on-demand home services, the growing reach of the internet, and significant growth in the number of startups entering the market are projected as the prominent factors leading to the online on-demand home services market growth - request an exclusive sample of the report.

What`s New for 2023?

• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
• Global competitiveness and key competitor positions
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial

Key Market Driver, Trend, and Challenge

The increasing reach of the internet is significantly driving market growth.

Technavio further suggests, the rising influence of digital media will emerge as a primary market trend for growth in the online on-demand market growth from 2022 to 2027.

As an emerging market challenge, growing competition among various vendors may slow down the market growth as per Technavio's report.

To find more detailed information on market dynamics, historic (2017 to 2021) and forecast market size (2023 to 2027) , request the sample report.

New Business Opportunities - Market Segments and Key Regions Analysis

There are two segments - mobile application and website, classified in the online on-demand home services market as per Technavio's analysts.

Among these two, the mobile application segment is projected as the most significant one in terms of market share growth during the forecast period - 2022 to 2027. The segment first witnessed a gradual rise in the market share of USD 90.72 billion in 2017 and continued to grow significantly by 2021.

Considering the geographical regions for market share growth, APAC is projected at the top of the list. 42% of the total market share growth will be originated from APAC by 2027. Technavio further suggests, several potential startups have become operational in the APAC in the last few years due to the rising demand for on-demand home services in the region.

Find more detailed segments analysis and geographical business distribution, and historic (2017 to 2021) and forecast market size (2023 to 2027) - Download an exclusive sample of the report.

Key Market Vendors

There are a few key vendors operating in the market, mentioned in the report such as:

• Airtasker Pty Ltd.
• Helpling GmbH and Co. KGA
• Alfred Club Inc.
• Cedar plus Slate home services
• American Home Shield Corp.
• Angi Inc.
• Amazon.com Inc.
• AskforTask Inc.
• Cleanly Inc.
• ChartLead.com Inc.

Major Data Covered in this Online On-demand Home Services Market Report

• Projected CAGR of the market during 2023-2027
• Detailed statistical information on the major market drivers of the online on-demand home services market during 2023-2027
• Market size analysis of the online on-demand home services market size and its association with the parent market
• Relevant predictions about upcoming market trends and detailed consumer behavior analysis
• Market share growth analysis across North America, APAC, Europe, South America, and the Middle East and Africa
• Detailed market's competitive landscape and key information about market vendors
• Comprehensive analysis of various market challenges

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• The online home rental services market is projected to increase at a CAGR of 12.9% during the forecast period – 2022 to 2027 by Technavio data analysts and research experts. This market research report also suggests the statistics about the market size growth that will grow by USD 21,190.52 million.
• The global retirement home services market is projected to increase at a CAGR of 3.34% during the forecast period – 2022 to 2027 by Technavio data analysts and research experts. This market research report also suggests the statistics about the market size growth that will grow by USD 5,556.39 million.

About Technavio

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.

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SOURCE Technavio