Global online classifieds platform market
Dublin, August 16, 2024 (GLOBE NEWSWIRE) — The report “Online Classified Ad Platform – Global Strategic Business Report” has been added to The Offer.
The global online classifieds platform market is valued at USD 37.2 billion in 2023 and is expected to reach USD 68.4 billion by 2030, growing at a CAGR of 9.1% between 2023 and 2030. This comprehensive report offers in-depth analysis of market trends, drivers, and forecasts to help you make informed business decisions.
Growth in the online classifieds market is driven by several factors, including increasing internet penetration and mobile device usage, changes in consumer behavior when shopping online, and advances in digital payment systems. The widespread use of smartphones has made access to online services more convenient than ever, which in turn is driving demand for mobile-optimized shopping experiences such as those offered by classifieds platforms.
Consumer behavior has also changed significantly. More and more people are buying and selling goods online because they find it more convenient, with greater choice and competitive prices. In addition, the integration of secure digital payment options has given people more confidence in online transactions.
Finally, the economic benefits for businesses that use classified ads to reach potential customers, along with the minimal barriers to entry for new users, contribute to the robust growth of this market. These elements together ensure that online classifieds platforms remain a popular and growing sector within the broader e-commerce industry.
Why you should buy this report:
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Detailed Market Analysis: Get access to a thorough analysis of the global online classifieds platform market, covering all major geographic regions and market segments.
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Competitive insights: Get an overview of the competitive landscape, including the market presence of key players in different regions.
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Future Trends and Drivers: Understand the key trends and drivers shaping the future of the global online classifieds platform market.
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Actionable insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key findings:
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Market Growth: Understand the significant growth curve of the Horizontal Business Models segment which is expected to reach $46.0 billion by 2030 at a CAGR of 9.6%. The Vertical Business Models segment is also expected to grow at a CAGR of 8.2% during the analysis period.
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Regional Analysis: Gain insights into the US market, estimated to reach $10.1 billion in 2023, and China, which is forecast to grow at an impressive CAGR of 12.6% per year to reach $14.4 billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and Asia Pacific.
Reporting features:
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Comprehensive market data: Independent analysis of annual sales and market forecasts in millions of US dollars from 2023 to 2030.
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Detailed Regional Analysis: Detailed insights into key markets including the US, China, Japan, Canada, Europe, Asia Pacific, Latin America, Middle East and Africa.
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Company Profiles: Coverage of major players like Adevinta ASA, Dotline Web Media Pvt Ltd, FATbit Technologies and more.
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Free Updates: Get free report updates for one year to stay informed of the latest market developments.
Main features:
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Report Attribute |
Details |
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Number of pages |
189 |
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Forecast period |
2023 – 2030 |
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Estimated market value (USD) in 2023 |
37.2 billion US dollars |
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Projected market value (USD) until 2030 |
68.4 billion US dollars |
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Average annual growth rate |
9.1% |
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Regions covered |
Generally |
MARKET OVERVIEW
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Insights into the influencer market
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World market development
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Global economic update
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Online classifieds platform – Percentage market share of the main competitors worldwide in 2024 (D)
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Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
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Growth of the gig economy drives traffic to online classifieds platforms
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Increasing mobile device penetration expands the target market for mobile-oriented platforms
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Impact of AI on personalized ad recommendations
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More and more small business start-ups are using online classifieds to advertise
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Environmental benefits from less physical advertising lead to increased use of online classifieds platforms
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Changing consumer behavior towards online shopping and trading promises growth
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Influence of social media on the reach and effectiveness of classified ads
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Fraud and fraudulent listings: challenges and solutions
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User-generated content and community building as market drivers
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Introduction of AR/VR for better visualization of listed products
Focus on selected players (Total 51 presented)
For more information about this report visit https://www.researchandmarkets.com/r/q2ij0m
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ResearchAndMarkets.com is the world’s leading source of international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
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