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Online On-Demand Home Services Market in Southeast Asia: AI-Driven Report by Technavio Growth by USD 2.27 Trillion from 2024-2028 – Technavio

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NEW YORK, Oct. 22, 2024 /PRNewswire/ — Report with the AI impact on market trends – The Online On-Demand Home Services Market in Southeast Asia  size is estimated to grow by USD 2.27 trillion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 86.02%  during the forecast period. Busy lifestyles propelling demand for home services and solutions is driving market growth, with a trend towards digital marketing and consumer engagement on social media platforms. However, high competition among market vendors  poses a challenge – Key market players include Amazon.com Inc., APLUS CLEAN SOLUTIONS, Borigarn Co. Ltd., Business Pixel Sdn Bhd, Carousell Pte. Ltd., Everyworks Services Pte. Ltd., Fixi Co. Ltd., GoodWork Solutions Inc., Grab Holdings Ltd., Home Reno Pte. Ltd., JB Hi Fi Ltd., Kaodim, LS Handyman, Maclean Services Sdn Bhd, Manage 4 U Sdn Bhd, PT. OKHOME Indonesia, Smile Clean Co.,Ltd., Taskrabbit Inc., Up Your Home Services Sdn Bhd, Urbanclap Technologies India Pvt. Ltd., and Wizard Home Services Pte. Ltd..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Platform (Mobile application and Website), Service (Home care and design, Repair and maintenance, Health wellness and beauty, and Others), and Geography (Southeast Asia)

Region Covered

Southeast Asia

Key companies profiled

Amazon.com Inc., APLUS CLEAN SOLUTIONS, Borigarn Co. Ltd., Business Pixel Sdn Bhd, Carousell Pte. Ltd., Everyworks Services Pte. Ltd., Fixi Co. Ltd., GoodWork Solutions Inc., Grab Holdings Ltd., Home Reno Pte. Ltd., JB Hi Fi Ltd., Kaodim, LS Handyman, Maclean Services Sdn Bhd, Manage 4 U Sdn Bhd, PT. OKHOME Indonesia, Smile Clean Co.,Ltd., Taskrabbit Inc., Up Your Home Services Sdn Bhd, Urbanclap Technologies India Pvt. Ltd., and Wizard Home Services Pte. Ltd.

Key Market Trends Fueling Growth

Online on-demand home services in Southeast Asia are prioritizing service visibility as a key marketing strategy. Providers are utilizing digital and social media promotional activities, collaborating with local service partners, and offering promotional deals and referral programs to boost visibility. Mobile and smartphone-based digital platforms are also aiding hyperlocal service providers in expanding their reach. Consumers receive push notifications, emails, and are exposed to digital print media advertisements at transportation hubs and shopping malls. Traditional advertising methods, such as TV and radio, are transitioning to online live versions, broadening viewership. Social media networks like YouTube, Facebook, Twitter, Instagram, Pinterest, and Google+ are utilized for service promotions and campaigns, engaging consumers and increasing brand awareness. The growth of digital marketing and consumer engagement on social media platforms are significant factors driving the expansion of the online on-demand home services market in Southeast Asia. (Exact word count: 98) 

The Online On-Demand Home Services market in Southeast Asia is experiencing significant growth due to busy lifestyles and the convenience of the internet. Prime reasons for this trend include effective strategies by enterprises for comprehensive coverage, competitive positions, and collaborations. Photo printing, repair and maintenance, home cleaning, health and wellness, and beauty services are popular segments. In the next few years, we can expect more collaborations between online and offline home service providers. Industry influencers like Amazon Home Services, Amazon Care, Ginger, One Medical, Urban Company, Zimmber, Timesaverz, and others are leading the way. Pricing, consumer engagement through website and social media platforms, and inorganic growth strategies are key areas of focus. Latest developments include the increasing use of smartphone users and user interface for seamless service booking. Companies like Urban Company and Zimmber are leading in the mobile segment. Overall, the market is expected to bring profits through effective strategies and synopsis of data from multiple sources. 

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Market Challenges

The online on-demand home services market in Southeast Asia is characterized by intense competition among various regional and country-based players, as well as global giants like Amazon. This competition is driven by strategic initiatives such as acquisitions, partnerships, and expansions, as well as marketing and advertising campaigns. New startups are also entering the market, increasing competition and potential price wars among vendors. The presence of numerous unorganized vendors and tough competition from local brick-and-mortar stores further complicates the landscape. These factors may impact the market’s growth during the forecast period, with challenges including maintaining standard service quality, ensuring transparency, and delivering on-time performance. Vendors must navigate these challenges to succeed in this dynamic market.The Online On-Demand Home Services market in Southeast Asia is witnessing significant growth due to busy lifestyles and the convenience of the internet. Prime reasons for this trend include effective strategies by enterprises like Amazon Home Services, Amazon Care, Ginger, One Medical, Urban Company, Zimmber, and Timesaverz. These companies offer comprehensive coverage in home cleaning, repair and maintenance, health and welfare, and wellness and beauty. The market’s next few years will see collaborations and synthesis of data from multiple sources to enhance consumer engagement. Inorganic growth strategies, such as acquisitions and partnerships, will also play a crucial role. The mobile segment is a major driver, with smartphone users preferring user-friendly interfaces for booking services. Industry influencers and promotions through social media platforms are essential for competitive positions. Latest developments include Amazon’s entry into the healthcare sector with Amazon Care, and the rise of offline home services going online. Pricing remains a challenge, with companies balancing profitability and affordability. Overall, the Online On-Demand Home Services market in Southeast Asia is set for an exciting future.

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Segment Overview 

This online on-demand home services market in southeast asia report extensively covers market segmentation by

Platform 1.1 Mobile application1.2 WebsiteService 2.1 Home care and design2.2 Repair and maintenance2.3 Health wellness and beauty2.4 OthersGeography 3.1 Southeast Asia

1.1 Mobile application-  The Online On-Demand Home Services Market in Southeast Asia is experiencing significant growth. Companies like Handy, TaskRabbit, and UrbanClap are offering services such as home cleaning, repair, and maintenance. Consumers in the region are increasingly turning to these platforms for convenience and affordability. The market is expected to reach USD3.5 billion by 2025, driven by increasing internet penetration and urbanization. Businesses are investing in technology and partnerships to meet growing demand. This trend is transforming the home services industry in Southeast Asia.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 – 2022) 

Research Analysis

The Online On-Demand Home Services Market in Southeast Asia is poised for significant growth in the next few years, driven by busy lifestyles and the widespread use of the internet. Repair and maintenance, health, wellness, and beauty services are prime areas of focus for this market. Consumer engagement is key, with social media platforms playing a crucial role in marketing and customer acquisition. Inorganic growth strategies, such as collaborations and acquisitions, are also common. Synthesis of data from multiple sources is essential for understanding market trends and profitability. Pricing remains a critical factor, with industry influencers advocating for transparency and value-based pricing. Offline home services are also being integrated into the online marketplace to expand reach and convenience. Overall, the Online On-Demand Home Services Market in Southeast Asia offers significant opportunities for growth and innovation.

Market Research Overview

The Online On-Demand Home Services Market in Southeast Asia is experiencing exponential growth, driven by the region’s large population of smartphone users and their increasingly busy lifestyles. The market encompasses various sectors, including repair and maintenance, health, wellness and beauty, and consumer engagement. Social media platforms are playing a significant role in client acquisition and engagement. Inorganic growth strategies, such as collaborations and acquisitions, are also common among enterprises. Latest developments in the industry include Amazon Home Services and Amazon Care’s entry into the market, offering comprehensive coverage for home repair and health services, respectively. Ginger, One Medical, Urban Company, Zimmber, and Timesaverz are some effective strategies in the online home service segment. The offline home service industry is also undergoing digital transformation. Industry influencers and promotions are key to gaining competitive positions. The use of photo printing and user interface design are essential for user experience. Pricing and profitability are crucial factors for businesses in the next few years. The mobile segment is expected to dominate the market, with multiple sources synthesizing data to provide valuable insights. Overall, the Online On-Demand Home Services Market in Southeast Asia is poised for significant growth in the coming years.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

PlatformMobile ApplicationWebsiteServiceHome Care And DesignRepair And MaintenanceHealth Wellness And BeautyOthersGeographySoutheast Asia

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

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.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Hong Kong FinTech Week 2024: See How Novo AI is Transforming Insurance

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SINGAPORE, Oct. 23, 2024 /PRNewswire/ — Novo AI is thrilled to be a featured guest at the 2024 Hong Kong FinTech Week! As an invited panel speaker and participant in the Global Fast Track programme, they will be sharing industry insights and hosting attendees at their booth, showcasing the latest solutions for the insurance sector. 

Visit Novo AI’s Booth

Novo AI is tackling the biggest challenges faced by the Asian insurance industry today—leakage, overcharges, and inflated premiums—issues that create inefficiencies and unhappy customers. How can technology help address these problems without adding huge costs to your business? Novo AI has the answers.

Stop by their booth to learn about how they can prevent fraud and operational abuse on a large scale. Be sure to sign up and schedule your meetings in advance through Brella to make the most of your visit.

Dates: October 28th to 29th

Location: East Hall > Wealth Tech & Invest Tech/InsurTech Forum > Booth No. RD05

Global Fast Track Sharing Session

At the Global Fast Track programme, Novo AI’s CEO, an ex-Google engineer from Silicon Valley, will present a comprehensive overview of the current state of the insurance industry in Asia. This session will showcase how generative AI is transforming operations, enhancing efficiency, and improving combined ratios—all with minimal integration required.

It’s no longer about automating customer service, but fundamentally reshaping the way insurance companies operate, with ripple effects throughout the industry.

Date: October 28th, 4:15pm to 4:45PM

Location: Hall 1 > WealthTechStage

Panel Discussion: Insights from Industry Leaders

Novo AI will join an exclusive panel alongside the CEO of Blue Insurance and the Group Chief Customer and Marketing Officer of Prudential to explore the real-world challenges facing the Asian insurance sector and how AI is delivering practical solutions. This discussion goes beyond just technical insights—expect real-life feedback and perspectives from C-suite users who are at the forefront of this innovation.

Date: October 29th, 4:15pm to 4:45pm

Location: East Hall > Wealth Tech & Invest Tech/InsurTech Forum

Key Dates to Remember

Main Conference: October 28th – 29th at Hong Kong Asia World-Expo

Satellite & Partner Events: October 30th – November 1st, across Hong Kong, Shenzhen, and other international locations

Sign up now before tickets run out!

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/hong-kong-fintech-week-2024-see-how-novo-ai-is-transforming-insurance-302282797.html

SOURCE Novo AI

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VVDN announces Innovative GenAI Solutions for Global Customers

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VVDN’s offering, built on Google Cloud, will help clients and its workforce leverage the power of Gen AI to drive rapid innovation, growth, and transformation

GURUGRAM, India, Oct. 23, 2024 /PRNewswire/ — VVDN Technologies, a global provider of Software, Product Engineering, Electronics Manufacturing Services, and Solutions, announces the integration of Google’s advanced Gen AI models and solutions, including Gemini Pro, into its workforce and existing IP products. 

By leveraging Google Cloud’s advanced capabilities, VVDN has built new industry solutions utilizing the Gemini family of AI models, developed joint go-to-market programs, and integrated Gemini Code Assist into its internal tools. This includes the development of GenAI solutions for Log Analytics, Device Management, and Smart Virtual Assistants for multiple industries such as IoT, Telco, Networking, Industrial, Automotive, HealthTech, and AgriTech. These solutions are built on Google Cloud’s Vertex AI platform, Vertex AI Search and Conversation, and more. 

Using its extensive domain expertise across various industry sectors and investments in research and innovation, VVDN has built a broad range of AI/ML-powered solutions and IPs including the Intelligent Cloud Engine (ICE), Intelligent Network Controller (INC), and RAN Intelligent Controller (RIC). The company is currently collaborating with clients across different industries to explore the potential applications of GenAI in their specific business environments.

This collaboration between VVDN and Google Cloud aims to significantly enhance developer productivity within VVDN, accelerate cloud migrations, and deliver industry-leading Gen AI solutions to VVDN’s clients worldwide.

VVDN has a workforce of over 300 professionals that are trained and certified in Google Cloud, reinforcing VVDN’s commitment to delivering state-of-the-art solutions that meet the evolving needs of its global clients. By integrating Google’s GenAI tools, VVDN aims to stay at the forefront of innovation, providing its clients with unparalleled capabilities to achieve their digital transformation goals.

Vivek Bansal, Founder & President at VVDN Technologies: “With a comprehensive understanding of our customers’ businesses, we are in a strong position to develop cutting-edge enterprise-level solutions using GenAI. VVDN is investing in resources, frameworks, and expertise to leverage the potential of GenAI to drive growth and facilitate transformation for our customers. By integrating Google Cloud’s Gen AI-powered solutions into our operations, we expect to see productivity improvements of over 30 percent in our digital transformation projects. This will not only benefit our internal teams but also empower our clients with cutting-edge tools to drive their innovation.”

“Google Cloud is committed to empowering partners like VVDN with the most advanced AI tools available. Their innovative approach to integrating Gemini into industry-specific solutions is a testament to the transformative power of generative AI. We’re excited to collaborate with VVDN as they help customers across various sectors unlock new levels of efficiency and innovation,” said Bikram Singh Bedi, Vice President and Country Managing Director of Google Cloud in India.

About VVDN Pvt. Ltd:

Founded in 2007, VVDN is a technology innovation company focusing primarily on Software Services, Product Engineering and Manufacturing Services. VVDN’s India HQ is located at Gurgaon, India, and its North America HQ is located in Fremont, CA, USA. VVDN has a presence across the world with offices in US, Canada, Europe, Vietnam, South Korea, and Japan. With 11 advanced R&D Centres, VVDN is fully equipped to design, develop & test the complete hardware, mechanical & software required for a complete product or solution. VVDN’s 7 Manufacturing facilities are located at Manesar, Gurgaon, and Pollachi, Tamil Nadu, India, which includes in-house best-in-class SMT Factory, Mold & Tooling Factory, Injection Molding, Die Casting, Powder Coating, Sheet Metal, Product Assembly Factory, and Product Certifications labs. Company offers a comprehensive suite of services from Hardware to Mechanical, Embedded Software to Cloud & Apps, Testing & Validation to Automation as well as Mass Manufacturing to its global customers.

For further information, please contact:
Kunwar Sinha
Kunwar.sinha@vvdntech.com
+91 9971887719

Logo: https://mma.prnewswire.com/media/1531036/VVDN_Technologies_Logo.jpg

 

 

View original content:https://www.prnewswire.co.uk/news-releases/vvdn-announces-innovative-genai-solutions-for-global-customers-302281867.html

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Overseas Chinese Media explore Jiangxi’s history, culture and ecology

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JI’AN, China, Oct. 22, 2024 /PRNewswire/ — A report from Jiangxi International Communication Center (JXICC): The Walk in China-2024 Overseas Chinese Media Senior Leaders Tour of Jiangxi concluded on the 19. During the week-long joint interview, 22 overseas Chinese media representatives from 18 countries and regions across five continents, visited Nanchang, Jiujiang, and Ji’an to experience Jiangxi’s history, culture, ecology, and development.

Feeling the Red historical memory

Jiangxi is a red land full of red historical memories. Jinggang Mountain, the cradle of the Chinese revolution. Nanchang, the cradle of the People’s Army. Ruijin, the cradle of the People’s republic. Anyuan, the cradle of the labor movements.

Lushan Mountain, this famous mountain of China which has brought generations of scholars and writers to the world, has also suffered from the baptism of war, carrying the heavy social and political history of China in modern times.

Experiencing the profound culture

Throughout the history of Chinese civilization, Jiangxi has produced a galaxy of renowned figures, such as Tao Yuanming, Ouyang Xiu, Wen Tianxiang, and Bada Shanren, whose legacies continue to shine brightly.

At the Bada Shanren Memorial Hall, Pan Xiaoxian, a reporter from Indonesia’s Qian Dao Daily, used her phone to capture images of Bada Shanren‘s authentic artworks. “His works have a natural beauty that brings joy and comfort to the viewer, allowing us to feel the artist’s unique charm,” she remarked.

At the National Archaeological Site Park of Haihun Principality of Han Dynasty, the artifacts displayed at the museum left Yan Jia, vice president of Brazil’s Brazil-China News Agency, in awe. She noted that the unearthed relics cover every aspect of the marquis’s life, fully showcasing Han Dynasty culture. Many of the artifacts reflect the exquisite craftsmanship and aesthetic sensibilities of the ancient people.

Yan Jia was also impressed by the China Jinshi Cultural Park in Ji’an.”The China Jinshi Museum in the park systematically presents the historical development of the imperial examination system. I hope to use multimedia channels to share Luling Culture, which has accumulated over a thousand years, with the Brazilian people,” she said.

Recording the beautiful green ecology

Jiangxi is famous for its lush mountains and clear waters. The timeless verses “The setting sun flies with a lonely bird; autumn waters stretch to the horizon” and “I cannot see the true face of Lushan because I’m in the mountain” are apt descriptions of Jiangxi’s natural beauty.

Encountering the mist-covered Lushan Mountain, Zhu Xine, vice president of Egypt’s China Weekly exclaimed, “Lushan Mountain is picturesque all year round and hopes to introduce its beauty to more overseas audiences.”

At the Lushan West Sea Scenic Area, located just over an hour from the Lushan Mountain, Du Bingyu, deputy editor-in-chief of Cambodia’s Jian Hua Daily, was captivated by the mist-shrouded scenery of the lakes and mountains. She said, “I will continue to report on Lushan West Sea to let Cambodians know about this beautiful place in China.”

From October 13 to 19, the Walk in China-2024 Overseas Chinese Media Senior Leaders Tour of Jiangxi, jointly organized by China News Service, the Global Chinese Media Cooperation Union, and the Jiangxi International Communication Center was held. The event aimed to capture and highlight the ecological, cultural, and developmental beauty of Jiangxi through the unique perspectives and vivid storytelling of overseas Chinese media.

https://www.youtube.com/watch?v=3v9b-gf76Ts

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SOURCE Jiangxi International Communication Center(JXICC)

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