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Home Services Market to Grow by USD 1.03 Trillion (2025-2029), Boosted by Increasing Urbanization, AI’s Impact on Market Trends – Technavio

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NEW YORK, Feb. 7, 2025 /PRNewswire/ — Report on how AI is redefining market landscape – The global home services market size is estimated to grow by USD 1.03 trillion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of  10.5%  during the forecast period. Increasing urbanization is driving market growth, with a trend towards introduction of new services. However, regulatory and compliance issues  poses a challenge. Key market players include Amazon.com Inc., American Home Shield Corp., Angi Inc., AskforTask Inc., Gapoon Online Consumer Services Pvt. Ltd., Helpling GmbH and Co. KGA, Home Depot Inc., Home Reno Pte Ltd., Johns Lyng Group Ltd., MyClean Inc., Oneflare Pty Ltd., Paintzen Inc., Porch.com Inc., SC Pointer Systems Srl, Super Home Inc., TaskEasy Inc., Taskrabbit Inc., The ServiceMaster Co. LLC, and Urbanclap Technologies India Pvt. Ltd..

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF

Home Services Market Scope

Report Coverage

Details

Base year

2024

Historic period

2019 – 2023

Forecast period

2025-2029

Growth momentum & CAGR

Accelerate at a CAGR of 10.5%

Market growth 2025-2029

USD 1029.6 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

9.9

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 46%

Key countries

US, China, Germany, UK, India, Canada, France, Japan, Brazil, and Australia

Key companies profiled

Amazon.com Inc., American Home Shield Corp., Angi Inc., AskforTask Inc., Gapoon Online Consumer Services Pvt. Ltd., Helpling GmbH and Co. KGA, Home Depot Inc., Home Reno Pte Ltd., Johns Lyng Group Ltd., MyClean Inc., Oneflare Pty Ltd., Paintzen Inc., Porch.com Inc., SC Pointer Systems Srl, Super Home Inc., TaskEasy Inc., Taskrabbit Inc., The ServiceMaster Co. LLC, and Urbanclap Technologies India Pvt. Ltd.

Market Driver

The Home Services Market is experiencing significant trends with the rise of digitalization and e-commerce platforms. Companies like Ginger and One Medical lead the way in the healthcare sector, offering virtual and physical entity services through smartphones. In the non-cellular segment, players like Zimmber and Timesaverz focus on home cleaning, maintenance, repair, and improvement activities for homeowners, renters, and property managers. Trends in home services also include aging housing stock, DIY trends, and changing lives, presenting opportunities for plumbing services, electrical repairs, HVAC maintenance, appliance repairs, home improvement, renovations and remodeling, carpentry and woodworking, and cleaning services. However, regulatory difficulties, labor shortages, and technological disruptions pose challenges. Environmental considerations and price wars add to the complexities of this market. Seasonal variations remain a factor, especially for services like gutter cleaning. Overall, the home services market continues to evolve, offering solutions for safety, comfort, aesthetic appeal, and more. 

The home services market is experiencing a notable trend with businesses introducing new offerings to expand their reach. On March 1, 2023, Blinkit, a quick commerce platform owned by Zomato, announced plans to launch a new vertical for home services, including plumbing, electrical work, beautician services, and electronics repair. This move aims to broaden Blinkit’s revenue streams and position it as a competitor to established providers like Urban Company. In another development, The Home Depot introduced a New Homeowners Hub on August 23, 2023, to cater to homeowners’ needs and strengthen its presence in the home services sector. These strategic initiatives reflect the market’s growth and competition. 

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Market Challenges

The Home Services Market encompasses various sectors including home cleaning, maintenance, repair, improvement activities, and healthcare. Key players like Ginger and One Medical focus on health and welfare, while Zimmber and Timesaverz dominate the mobile segment. The market faces challenges such as regulatory difficulties, labour shortages, and technological disruptions. Non-cellular users and property managers also rely on digitalization through e-commerce platforms and cloud-based solutions. Services offered range from plumbing and electrical work to landscaping and remodeling. Homeowners, renters, and property managers seek safety, comfort, and aesthetic appeal. Ageing housing stock and DIY trends call for innovative solutions. Price wars and seasonal variations impact the market. Technological advancements bring virtual versions of physical entities, enabling smartphone users to access plumbing services, electrical repairs, HVAC maintenance, appliance repairs, home improvement, renovations, and cleaning services through m-commerce platforms. Microsoft Azure and other cloud solutions facilitate efficient operations. Environmental considerations are increasingly important, driving the adoption of eco-friendly practices.In the home services market, adhering to regulatory and compliance requirements is a crucial aspect for businesses. Compliance issues encompass various regulations, including licensing, insurance, safety standards, and environmental practices. For instance, in sectors like plumbing, electrical work, and HVAC, obtaining specific licenses and certifications is mandatory for legal operation. In the United States, plumbers and electricians must meet state or local requirements to secure their licenses. Failure to comply with these regulations can result in legal penalties, reputational damage, and loss of consumer trust. Ensuring regulatory compliance is essential for maintaining a reputable business in the home services industry.

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Segment Overview 

This home services market report extensively covers market segmentation by 

TypeHome Care And DesignRepair And MaintenanceHWBOthersDeploymentOfflineOnlineGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

1.1 Home care and design-  The home care and design segment of the global home services market consists of various services such as interior designing, pest control, cleaning, laundry services, deep cleaning, sofa masonry, woodwork, waterproofing, glasswork, and carpentry. This segment exhibits a high level of fragmentation, with numerous small and large players providing a wide selection of services to cater to homeowners’ diverse needs. Both local and international service providers are present in this market. For instance, TaskRabbit Inc. From the US offers house cleaning and furniture assembly, while Helpling GmbH and Co. KG from Germany provides cleaning and furniture assembly services in multiple cities worldwide. Companies like Serviz.com Inc. Offer a comprehensive range of cleaning services, including air duct and dryer vent cleaning, carpet cleaning, drain cleaning, tile and grout cleaning, and window cleaning. The entry of multinational corporations like Amazon.com Inc. Into the market intensifies competition, bringing additional resources and technological advancements to enhance service quality and customer satisfaction. The home care and design segment continues to expand due to increasing consumer demand for professional and reliable home maintenance services, ensuring homeowners have access to tailored solutions for various maintenance and cleaning tasks.

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Research Analysis

The Home Services Market is experiencing significant growth in the digital age, with the rise of online platforms and cloud-based solutions revolutionizing the way homeowners manage maintenance, repair, and improvement activities. The mobile segment, fueled by smartphones and m-commerce platforms, is a key driver of this trend. Home cleaning, landscaping, plumbing, electrical work, and remodeling are just a few of the many home services that are now easily accessible through digital channels. Non-cellular devices and the Internet have made healthcare services at home more convenient than ever before. Health and welfare services are also leveraging digitalization, with e-commerce platforms and virtual versions offering a wide range of services from physical entities. Microsoft Azure and cloud-based solutions enable these services to operate efficiently and securely, while digital tools help streamline processes and improve customer experience. Overall, the Home Services Market is undergoing a digital transformation, making it more accessible and convenient for consumers.

Market Research Overview

The Home Services Market is experiencing significant growth in the digital age, with the rise of mobile and m-commerce platforms transforming the industry. Services like home cleaning, landscaping, plumbing, electrical work, and remodeling are now accessible at the tap of a smartphone. Digitalization has brought about cloud-based solutions and virtual versions of traditional physical entities, catering to homeowners, renters, and property managers alike. Non-cellular internet and healthcare are also intersecting in this space, with companies offering health and welfare services alongside home services. Ageing housing stock and DIY trends are driving demand for maintenance, repair, and improvement activities. However, regulatory difficulties, labour shortages, and technological disruptions pose challenges. Environmental considerations and price wars add to the complexities of this dynamic market. Seasonal variations continue to impact certain services, such as plumbing and HVAC maintenance, while e-commerce platforms like Ginger, One Medical, Zimmber, Timesaverz, and Microsoft Azure enable seamless booking and management of services. The market is constantly evolving, offering opportunities for innovation and disruption in areas like appliance repairs, home improvement, renovations and remodeling, carpentry and woodworking, and cleaning services.

Table of Contents:

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

TypeHome Care And DesignRepair And MaintenanceHWBOthersDeploymentOfflineOnlineGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

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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TS Imagine Expands Integration with Trumid’s Fixed-Income Trading Platform

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Adds Access to Trumid RFQ Automation
and Trumid Full Self Trading (FST™)

NEW YORK, July 23, 2026 /PRNewswire/ — TS Imagine, a leading global cross-asset provider of trading, portfolio, risk management and prime brokerage solutions, announced an expanded workflow integration with Trumid, a financial technology company and leading fixed income electronic trading platform.

The enhanced integration provides TS Imagine clients with broader access to Trumid’s electronic trading ecosystem, including its list-based workflows—Trumid RFQ and Portfolio Trading (PT)—while expanding RFQ automation and cross-protocol capabilities. Clients can now access:

Trumid’s RFQ network, enabling automated workflows through RFQ Auto-Submit via Trumid AutoPilot™ for RFQ, along with API-driven executionHeadless RFQ responder, initiator, and voice inquiry workflows Trumid Full Self Trading (FST™), Trumid’s automated cross-protocol execution capability connecting liquidity and execution opportunities across Trumid RFQ and Swarms, with expansion to Trumid Attributed Trading (firm dealer streams) planned for H2 2026. 

TS Imagine first integrated with Trumid in 2020, including support for Trumid’s Fair Value Model Price (FVMP™) predictive pricing model for corporate bonds.

Alexis Sainte Marie, Fixed Income Product, TS Imagine, said:

“Our expanded relationship with Trumid is an important step for TS Imagine clients seeking greater access to liquidity and workflow automation. We’ve particularly seen significant growth in areas like portfolio trading and RFQ and will continue to work closely with the Trumid team to enhance trading opportunities for our customers.”

Jason Quinn, Chief Product Officer & Global Head of Sales at Trumid, said: 

“Our mutual clients continue to benefit from the integration with TS Imagine, particularly as adoption of Trumid’s list-based workflows continues to accelerate. As clients increasingly engage across multiple Trumid trading protocols, we see additional opportunities to expand our relationship and deliver even greater value for our mutual clients.”

Trumid’s list protocols continued to deliver strong growth during Q2 2026. Trumid RFQ Average Daily Volume (ADV) increased 122% year-over-year, while automated trade volumes executed through Trumid AutoPilot™ for RFQ more than doubled. Trumid PT volume rose approximately 40% year-over-year, with the protocol recording its highest quarterly ADV alongside all-time highs in buy-side participation and lists traded. 

About TS Imagine 

TS Imagine delivers a best-in-class SaaS platform for integrated electronic front-office trading, portfolio management, prime brokerage, and financial risk management. Our global team of technologists continuously develops software and deploys new technologies that empower financial institutions to outperform markets and manage risk in real time. Many of the world’s leading financial institutions trust TS Imagine’s platform to manage their risk exposure and make better trading decisions across derivatives, equities and fixed income, cutting complexity and driving efficiencies.

About Trumid

Trumid is a financial technology company and fixed income electronic trading platform focused on US dollar-denominated Investment Grade, High Yield, Distressed, and Emerging Market bonds. Trumid optimizes the credit trading experience by combining agile technology and market expertise, with a focus on product design. The result is a differentiated ecosystem of protocols and trading solutions delivered within one intuitive platform. Learn more at www.trumid.com.

MEDIA CONTACTS

Greentarget for TS Imagine
tsimagine@greentarget.co.uk

Trumid Press
+1 (212) 618-0300
press@trumid.com

View original content:https://www.prnewswire.com/news-releases/ts-imagine-expands-integration-with-trumids-fixed-income-trading-platform-302832754.html

SOURCE Trumid

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Passage Preparation Wins 2026 CODiE Award for Best Professional Learning Platform

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CHARLOTTESVILLE, Va., July 23, 2026 /PRNewswire/ — Passage Preparation™, a division of K12 Coalition, has been named a 2026 CODiE Award Winner in the category Best Professional Learning Platform.

The CODiE Awards recognize the most innovative products, platforms and services across technology and education. Winners are selected through a rigorous evaluation process led by independent industry experts who assess each solution based on innovation, functionality, market impact, and overall value.

Selected from 228 finalists across 75 categories, the 2026 CODiE Award winners represent the solutions setting new standards for excellence and innovation.

“We are honored to receive this recognition from the CODiE Awards,” said Nathan Estel, Managing Director of Passage Preparation. “This award reflects our team’s commitment to helping aspiring educators build the knowledge, confidence, and instructional expertise they need to succeed on their licensure exams. We remain dedicated to strengthening the educator pipeline through innovative learning experiences that prepare great teachers for the classroom.”

As schools across the country face persistent teacher shortages, Passage Preparation is helping accelerate the path from aspiring educator to licensed classroom teacher. The platform provides comprehensive licensure exam preparation tailored to state certification requirements and subject areas, ensuring candidates focus on the content most relevant to their certification pathway. Developed by experienced teachers and teacher educators, every course is aligned with both licensure standards and evidence-based instructional practices, equipping candidates with the skills they need to succeed on certification exams and in the classroom.

Unlike traditional test-preparation programs that emphasize memorization and test-taking strategies, Passage Preparation builds lasting content knowledge and teaching proficiency through engaging, interactive learning experiences. Candidates benefit from diagnostic assessments that identify strengths and areas for improvement, detailed progress reporting, practice assessments, and personalized study plans. Flexible self-paced learning is complemented by live virtual cohorts that provide instructor guidance, peer collaboration, and accountability, creating a supportive professional learning community for busy educators.

Designed with accessibility and flexibility in mind, Passage Preparation includes tools such as Immersive Reader, offering real-time translation in more than 100 languages, text-to-speech functionality, customizable display settings, and other features that support diverse learning needs. The platform has consistently helped improve certification exam pass rates, enabling many candidates to earn licensure on their first attempt, saving valuable time and costs. By preparing more educators to enter the profession successfully, Passage Preparation helps districts fill critical teaching positions faster and strengthens the educator workforce nationwide.

“The 2026 CODiE Award winners represent some of the most innovative and impactful solutions in the industry,” said Jennifer Baranowski, President of the CODiE Awards. “These organizations are solving meaningful challenges, delivering measurable outcomes, and helping shape the future of technology.”

A complete list of 2026 CODiE Award winners is available at https://codieawards.com/winners.

About K12 Coalition 

K12 Coalition is a collective of specialized education products and services with a common mission to provide a great education for every student in every classroom every day. The company offers deep expertise in solving five macro K-12 education challenges: teacher certification, professional learning, literacy and math curriculum, accelerated student learning through summer school, and district support, including strategic planning and consulting. Learn more at k12coalition.com.

About Passage Preparation

Passage Preparation specializes in providing comprehensive licensure assessment preparation resources designed to bolster teacher confidence and proficiency. These learning resources equip licensure candidates with the knowledge necessary for success on exams and instill in them best teaching practices using methodologies thoughtfully curated to be engaging and aligned precisely with the content covered on the licensure exams. Passage Preparation is part of K12 Coalition, a certified B Corporation helping schools and teachers thrive nationwide.

Media Contact:
Alex Fairchild
K12Coalition@finnpartners.com 

View original content to download multimedia:https://www.prnewswire.com/news-releases/passage-preparation-wins-2026-codie-award-for-best-professional-learning-platform-302832895.html

SOURCE K12 Coalition

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Knox Systems Partners with Microsoft to Accelerate Secure Government Access to Commercial Innovation on Microsoft Azure

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Strategic collaboration helps software companies bring cutting-edge commercial technology to the U.S. Government faster through Microsoft Azure Government Cloud

NEW YORK and WASHINGTON, July 23, 2026 /PRNewswire/ — Knox Systems (Knox), the largest, longest-running federal managed cloud, today announced a collaboration with Microsoft to help commercial software companies deploy secure, mission-ready solutions on Microsoft Azure Government Cloud for U.S. Government customers.

As demand for modern AI, cybersecurity, data, and enterprise software continues to grow across the public sector, the partnership is designed to reduce the barriers that have historically prevented government agencies from accessing the same technologies already transforming the commercial market.

Knox enables software providers to achieve production-ready federal cloud environments in as little as 90 days through its pre-authorized Federal Managed Cloud. By inheriting a substantial portion of required security controls, companies can reduce the time, effort, cost, and compliance burden associated with deploying compliant government cloud solutions. Combined with Microsoft Azure’s trusted government cloud platform, the collaboration provides an accelerated path for innovative software companies seeking to serve federal civilian and defense customers.

“America’s greatest technology companies shouldn’t spend years navigating compliance before they can help solve government missions,” said Irina Denisenko, CEO of Knox Systems. “Microsoft has built one of the world’s most trusted cloud platforms for government. Knox removes the operational barriers that can keep innovative software companies from deploying secure, compliant solutions on Azure Government. Together, we’re making it dramatically faster for agencies to access the technologies they need, securely, compliantly, and at mission speed.”

The collaboration strengthens Microsoft’s ecosystem for independent software vendors (ISVs) pursuing government opportunities while expanding the pathway for AI-native, cybersecurity, enterprise software, and critical infrastructure companies to bring production workloads to Azure.

“Microsoft is committed to helping software companies innovate for government while meeting the highest standards for security and compliance,” said Jamie Harper, VP, Defense Industrial Base, Microsoft. “Our collaboration with Knox provides organizations with an accelerated path to deploy innovative solutions on Microsoft Azure Government Cloud, helping government agencies gain faster access to the technologies that support critical missions.”

Knox currently operates one of the industry’s largest FedRAMP-authorized managed cloud environments, supporting more than 70 software companies and maintaining 16 US Federal and Department of War Authorizations to Operate (ATOs). Customers including Adobe, Armis, Celonis, BigID, and other leading software providers rely on Knox to bring commercial innovation to government faster while maintaining rigorous security standards.

As AI adoption accelerates across government, the partnership reflects a shared commitment to ensuring agencies can securely leverage the same cutting-edge technologies already powering the commercial economy.

About Knox Systems

Knox Systems operates the largest managed federal cloud, trusted by top agencies and partners across defense and civilian sectors. Built for speed, resilience, and compliance, Knox delivers FedRAMP authorization in 90 days – turning the biggest bottleneck in government IT into the fastest path to modernization. Knox proudly serves Adobe, Celonis, OutSystems, Armis, BigID, and more AI and SaaS providers, accelerating secure innovation across the federal landscape. Learn more at knoxsystems.com.

Media Contact:
knox@w2comm.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/knox-systems-partners-with-microsoft-to-accelerate-secure-government-access-to-commercial-innovation-on-microsoft-azure-302832781.html

SOURCE Knox Systems, Inc

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