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Here’s a Quick Update on Home Services Marketplace for 2019!

By Rashim Sethi 29th January 2019
Home Services Yelo

As per the latest reports by Technavio, the global on-demand home services market is expected to grow at a CAGR close to 52% by 2022. The reasons for this expected CAGR are as follows:-

Convenience At Door Step

Consumer these days are becoming more and more comfortable by getting convenience at their doorsteps. On-demand giants like Uber, Handy, Thumbstack, Airbnb have disrupted the industry by offering a simple on-boarding and independent resource cost differentiation that proved to be advantageous to both the skilled resources and the end consumers.

And why not? In this fast pacing world, where one has mere time to sleep, convenience comes handy. As consumers are becoming more comfortable with the idea of on-demand services,on-demand home services is shaping up as a next big market.

On-Demand is a Reliable Marketplace

On-demand Home Services App like TaskRabbit, Handy, Zaarly, Porch have earned humongous respect among customers in America. It is learned that due to apps like Uber, Amazon people have started believing in the on-demand platform more than the traditional methods. Realizing the potential, Amazon has aggressively entered this vast pool of home services and is trying to evolve its offerings for better customer experience.

Huge Potential in Home Services

The Home Services sector has the highest potential in the on-demand industry because of the wide offerings in the vertical. On-Demand Home Service has solutions for all cleaning, plumbing, electrical, installation, painting, and appliance maintenance needs. Realizing this huge potential, TaskRabbit in October 2018, launched its services in Canada, has raised a total of $37.7M in funding over 7 rounds and expanding services.

UrbanClap in India is one of the best examples to project potential in on-demand home service vertical. Founded in 2014, it has received investments worth around $110.7 million through seven rounds of funding in the past four years. The company has grown significantly since its launch and currently, offers more than 100 services. It has more than 1 lakh trained and skilled professionals including plumbers, electricians, wedding photographers, makeup artists, DJs, chartered accountants (CAs), etc.

On-Demand Home Service Solutions With Yelo

JungleWorks has served thousands of on-demand solutions for many industries, including home services. Our developers are well-versed in developing on-demand apps and are responsible for the uberfication of many in the service industry.

If you are a startup who needs assistance to build your own app, just send us a quick inquiry and our on-demand app development experts will be more than happy to help you.

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