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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.

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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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MiniTool Launches New Website NewsPivot, Featuring Diverse Tech Content and Giveaway

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VANCOUVER, BC, Oct. 22, 2024 /PRNewswire/ — MiniTool Software announces the launch of its new website, NewsPivot, a platform designed to deliver valuable insights into various technology topics. NewsPivot serves as a resource for users, featuring information on technology trends, software promotions, and more.

MiniTool has been working years to provide users with valuable information about Windows updates, disk management, and data recovery. With the launch of its new website, MiniTool aims to offer even more comprehensive insights into a wide range of technology topics.

Key Subjects on NewsPivot

As of now, NewsPivot covers a wide range of categories, providing users with a comprehensive resource for popular tech-related topic, such as:

Windows: Updates, tips, and tutorials for Windows users.Mac: Information and guidance tailored for Mac users.Linux: Resources and insights for the Linux community.Gaming: News and reviews on the latest games and gaming technology.Android: News, tips, and app recommendations for Android users.iOS: Information and insights focused on iOS devices and applications.Promotions: Special offers and giveaways for industry-related software and tools.

To explore the latest tech content, just visit: https://www.newspivot.com/

Featured Software in the Giveaway

To celebrate the launch, NewsPivot is currently hosting a giveaway that allows users to access 15 premium software products from MiniTool and its partners at no cost.

This event will be ongoing until October 28 and features the following software:

MiniTool ShadowMaker Pro: A backup solution for data protection and recovery.MiniTool MovieMaker Pro: An easy-to-use video editing tool.MiniTool Video Converter Pro: A versatile video converter with screen recording features.Glary Utilities Pro: A utility suite for optimizing PC performance.Ashampoo WinOptimizer 25: An optimization suite for improving system performance.Sticky Password Premium: A secure password manager.Text Edit Plus: A simple yet powerful text editor.Ashampoo Snap 15: A tool for capturing and editing screenshots and videos.GiMeSpace Desktop Extender 1D: A desktop extender for expanding workspace.FastMove: Software for secure file transfers to new PCs.Advanced Password Recovery Suite: Quickly recover lost passwords.SoftOrbits Icon Maker: Create icons from images.XenArmor Wi-Fi Password Recovery Pro: Recover lost WiFi passwords.Dupinout Duplicate Finder: Find and manage duplicate files.WinX DVD Copy Pro: A DVD copying solution with multiple modes.

For more details about the giveaway, please visit NewsPivot giveaway.

About MiniTool

MiniTool Software Limited is a leading software development company that provides powerful, user-friendly solutions for data recovery, backup, partition management, and multimedia editing. With millions of users worldwide, MiniTool has built a reputation for delivering reliable software that solves complex PC problems with ease.

To know more of MiniTool, visit the official website: https://www.minitool.com/

 

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Skilltrade Launches Innovative Training Models to Address Nationwide Healthcare Worker Shortages and Growing Demand for Skilled Trades

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Skilltrade aims to grow the nation’s largest allied healthcare workforce with flexible, scalable training solutions to boost employer revenue, fill vacancies, and provide targeted healthcare training needs.

DETROIT, Oct. 22, 2024 /PRNewswire-PRWeb/ — Skilltrade, a leader in allied health workforce development and led by Founder and CEO Jason Aubrey, is pleased to announce the launch of its groundbreaking training programs, which combine online learning with hands-on lab training while offering tailored solutions for employers, including train-and-hire programs and custom curriculum development.

Positioned to make a major impact, Skilltrade aims to graduate 25,000 licensed and credentialed healthcare professionals over the next three years while forging nationwide partnerships with employers across healthcare and skilled trades to address this critical workforce gap.

Initial programs will focus on medical assistant training, prepping students to become Certified Clinical Medical Assistants (CCMAs), with plans to expand training programs in the near future. Beginning with the launch of its Medical Assistant Online Program, Skilltrade will revolutionize education and solve critical staffing shortages by making high-quality training for healthcare and other skilled trades affordable and accessible to all.

Skilltrade’s innovative model addresses the urgent need for skilled healthcare professionals, with a projected shortage of 10.2 million allied health workers by 2030. Positioned to make a major impact, Skilltrade aims to graduate 25,000 licensed and credentialed healthcare professionals over the next three years while forging nationwide partnerships with employers across healthcare and skilled trades to address this critical workforce gap.

The next phase of medical assistant training will launch in January 2025, blending immersive online learning and hands-on lab training conducted by experienced instructors, hosted at partner medical facilities after hours. This will allow host sites, such as those who own private practices or operate hospitals, to generate additional revenue by partnering with Skilltrade to provide student training facilities while also presenting students with a flexible and affordable pathway to certification and career growth. Skilltrade plans to launch 15 new host campuses within six months through strategic partnerships, beginning with Renaissance Plastic Surgery in Michigan.

“I’m thrilled to have the opportunity to partner with Skilltrade and host student lab training as part of their hybrid training program,” said host partner Dr. William Stefani of Renaissance Plastic Surgery. “This collaboration aligns with our commitment to provide high-quality education and training opportunities in our community and also allows us to leverage our space when the office is closed.”

Skilltrade’s has also partnered with Medical Sales College, enabling them to expand their campus footprint in key markets, making optimal use of their existing facilities while providing students with more opportunities for hands-on training and networking. As Travis Miller, CEO of Medical Sales College stated, “We’re incredibly excited to partner with Skilltrade. This collaboration will allow us to make better use of our existing facilities and provide their students with even more opportunities for hands-on training and networking. By partnering with Skilltrade, we’re not only investing in students’ futures but also paying it forward by contributing to the growth of the healthcare workforce.”

In addition to offering comprehensive training programs and revenue-generating partnership opportunities, Skilltrade also partners with healthcare employers to deliver a pipeline of pre-screened, qualified candidates through tailored training programs designed to meet their specific hiring needs. Healthcare employers can benefit from reduced hiring costs, access to a reliable stream of skilled, job-ready professionals, and the ability to further train their existing workforce or re-skill individuals through a customized training curriculum. Selected candidates receive free, high-quality training, with guaranteed employment upon completion, which means immediate earning potential upon enrollment.

Skilltrade’s partnership with Together Women’s Health involves developing a specialized training program for the organization’s medical assistants. “We’re thrilled to have partnered with Skilltrade to develop a customized 10-hour medical assistant training program for our staff,” said Anthony Ahee, CEO of Together Women’s Health. “This initiative reflects our dedication to offering our medical assistants top-notch training and development. By giving them the tools and knowledge to grow, we’re helping them take on greater responsibilities and make an even bigger impact within our team.”

Skilltrade is actively seeking talented individuals to join their team, along with healthcare employers who want to be part of a growing network of organizations making a significant impact on the healthcare industry. Those interested in partnering with Skilltrade to provide training opportunities for students, employees, or the community may contact them at (844) 218-2494 or email info@skilltrade.com.

About Skilltrade

Skilltrade is a mission-driven organization dedicated to empowering individuals and transforming the workforce through innovative education and training solutions. For more information, please visit skilltrade.com.

Media Contact
Media Relations, Skilltrade, Inc., 1 844-218-2494, info@skilltrade.com, skilltrade.com

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AI gold rush? New APAC research reveals major gap between AI Leaders and Followers

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AI Leaders are setting themselves apart through approaches to strategies, skills, governance, and trust40% of APAC organisations are expecting at least 3x ROI on AI investmentsOver $110 billion is set to be invested in AI across the region by 2028

SINGAPORE, Oct. 23, 2024 /PRNewswire/ — The IDC Data and AI Pulse: Asia Pacific 2024 study, commissioned by SAS, has revealed Asia Pacific (APAC) organisations are rushing to jump onto the AI bandwagon, with nearly half (43%) planning a large investment increase in AI of over 20% in the next 12 months. While organisations are investing heavily in AI, only 18% of APAC businesses consider themselves as AI Leaders, leaving a large gap between those AI Leaders driving long-term transformational change, and AI Followers experimenting with numerous projects and lacking a clear AI strategy.

Of those surveyed, AI Leaders indicated their top business outcomes from AI initiatives are focused on driving new revenue growth (32%), increasing operational efficiency (31%) and increasing profits (26%). By comparison, AI Followers indicated improving customer service (27%), expanding market share (25%) and faster time to market (25%) as their top business outcomes.

“The disparity in target outcomes between AI Leaders and AI Followers demonstrates a lack of clear strategy and roadmap. Where AI Followers are focused on short-term, productivity-based results, AI Leaders have moved beyond these to more complex functional and industry use cases,” said Shukri Dabaghi, Senior Vice President, Asia Pacific and EMEA Emerging at SAS.

“As businesses look to capitalise on the transformative potential of AI, it’s important for business leaders to learn from the differences between an AI Leader and an AI Follower. Avoiding a ‘gold rush’ way of thinking ensures long-term transformation is built on trustworthy AI and capabilities in data, processes and skills,” said Mr. Dabaghi.

“The IDC Data and AI Pulse: Asia Pacific 2024 study is an important snapshot of how hundreds of large APAC organisations are approaching adoption and implementation of AI, highlighting the leaders and followers across industries,” said Chris Marshall, Vice President, Data, Analytics, AI, Sustainability, and Industry Research at IDC Asia/Pacific. “These insights give us the opportunity to unpack the barriers to successful AI implementation, allowing businesses to make wiser investments into these new and emerging technologies, without being caught-up in the gold rush”. 

Generative AI is only one part of the AI journey

While a great deal of AI hype has focused on generative AI, the study reveals that organisations have been investing into predictive and interpretive AI technologies. In 2023, generative AI accounted for just 19% of AI investment but by 2024, and is predicted to increase to 34% reflecting a more balanced distribution across these three AI categories.

IDC’s latest spending guide suggests AI spending in Asia Pacific will reach US$45 billion in 2024, rising to US$110 billion by 2028 at 24% CAGR (2023-2028).[1]

The research reveals that organisations are reallocating budgets for the 2024 increase in generative AI investment, with a third saying it will come from redistributing funds away from infrastructure modernisation and 37 percent from application modernisation.

Expectations are high when it comes to ROI

The study reveals this prospective gold rush fuelled by inflated expectations of AI’s potential return on investment. The research found that 40% of organisations surveyed expect at least a three-fold return on investment, with the “fear of missing out” continuing to spur AI spending. As a result, the research shows AI has at times been adopted without a clear alignment between investments and their outcomes and business value.

With 43% of organisations planning to increase their AI investment by 20% or more in the next 12 months, organisations risk being disillusioned with AI because of these tactical investments’ likely returns. Instead, business leaders should realise that building an AI capability takes time and requires solid AI foundations to ensure long-term value add.

“While consumer access to generative AI tools made AI feel magical, integrating it into an enterprise environment takes a lot of work, the right infrastructure, and often the high expectations placed on these tools are unrealistic,” says Mr. Dabaghi. “Understanding these pitfalls provides us the opportunity to learn how we tackle these issues, enabling a higher success rate, and meeting business objectives when it comes to adopting and successfully implementing AI.”

Pulse of AI across industries

The study provides a detailed analysis of how AI is impacting different industry sectors in the APAC region, with key focus areas including banking, insurance, healthcare, and government sectors.

The skills-gap remains a consistent challenge across industries when it comes to successful AI adoption and implementation. This skill-gap is felt the most within the healthcare industry (41%), followed by the government sector (38%), insurance industry (32%), and less so in banking (29%). Despite this challenge, these industries continue to invest in improving their data and AI capabilities to deliver more streamlined decision-making, greater automation, faster time to market for new products and services, cost savings, and a host of other benefits.

Nonetheless, some use cases are being consistently and successfully deployed – in banking for instance, with its top three use cases: liquidity risk management, asset and liability management and financial crime analytics. In insurance, the research suggests we are seeing AI use cases for insurance claims fraud, omni-channel delivery of products and intelligent pricing. In health care, notable use cases include health care fraud and cost containment, while in government, the popular AI use cases relate to ensuring social benefits programme integrity, supporting emergency response, and tax and revenue compliance.

AI adoption trends vary across countries

The AI landscape in APAC varies by country, with each market showing unique adoption trends. China is leading in AI investments, showing a large increase in AI projects over the next 12 months (59 per cent), with India and Japan following suit (51 per cent; 46 per cent respectively). Furthermore, China and South Korea are advancing more rapidly in AI adoption and integration than the others. This disparity is driven by factors such as investment levels, regulatory frameworks, and the availability of AI talent and infrastructure. The lack of skilled personnel is a national as well as an industry concern in Japan, Australia and South Korea and many parts of Southeast Asia.

The research highlights the opportunities and the challenges associated with increasing AI investments across APAC in the coming years. It suggests that to unlock AI’s full potential, companies must develop in-house skills, build a strong portfolio of strategic use cases and plan for AI costs and risks from the start. By doing so, they can achieve some of the promised higher returns and foster greater trust in future AI investments.

The full report is available through the eBook: Data and AI Pulse: Asia Pacific 2024.

Methodology

The study, conducted in June 2024, includes 509 executives across eight Asia Pacific markets (Australia, China, India, Japan, Korea, Malaysia, Singapore, and Thailand) and sampled organisations across banking and finance, manufacturing, government, and health care & life sciences. Leaders were surveyed to examine their AI investment decisions, how they want AI to serve their organisations, challenges to deployment, and their approaches to managing these processes to achieve trusted AI outcomes.

About SAS

SAS is a global leader in data and AI. With SAS software and industry-specific solutions, organizations transform data into trusted decisions. SAS gives you THE POWER TO KNOW®.

[1] IDC’s Worldwide AI and Generative AI Spending Guide, August 2024

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