Ecommerce – Home & Trade Services: The Early Cloud Adopters—Optimism Pays Bigtime

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Home services are essentially a more modern and simplified way to buy as well as schedule professional services.

Valued at roughly $600 billion, the industry has now come of age fuelled for growth largely by technology adoptions that have enabled online and mobile booking of services. This is further augmented by the exploration of new service areas being added into the mix. The on-demand home services industry is expected to post a compound annual growth rate of nearly 49% by 2021. (The New York Times)

In a report by Comscore, 78% of the local searches for home services on a mobile phone lead to a purchase within 24 hours of performing the search.