Industry Background:
Online silent auctions are the auction bidding carried out in online platforms, with the growing digitalization and need for urgent fundraising activities for helping people is boosting the online silent auctions market. The online silent auctions help donors to bid directly from their mobile device, computers or tablet providing convenience and wide reach to the people. It also generates more funds than the offline one as in the digital platform the participation of people is higher.This growth is primarily driven by Increasing Participation and Reach of Mobile Bidding Auctions and Demand for Instant and Convenience Outbid Activities Digital Platform.
Globally, a noticeable market trend is evident Emerging Fundraising Activities Online
. The Internet Software & Services sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as 32auctions (United States), SilentAuctionBiz.com Inc (Canada), OneCause, Inc (United States), Double the Donation (United States), ClickBid (United States), 24Fundraiser (United States), Accelevents (United States), DonorPerfect (United States), Auction & Event Solutions (AES Corporate Holdings, LLC) (United States), GiveSmart (Community Brands Intermediate, LLC) (United States), Arreva LLC (United Kingdom) and Bid & Hammer (India) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
On 12th August 2020, Arreva, the trusted advisor and thought leader in an all-in-one, cloud-based, fundraising, and donor relationship management software for nonprofits announced that it has acquired MaestroSoft, a leading provider of auction, event management, Text2Bid virtual and mobile bidding software, and Text2Fund text-based mobile giving software. The acquisition is part of Arreva’s strategy to help nonprofits with what’s working now, in a rapidly changed and increasingly virtual and online fundraising landscape, through purposeful technology and relentless dedication to their success.
Regulatory Insights:
Market Drivers
- Increasing Participation and Reach of Mobile Bidding Auctions
- Demand for Instant and Convenience Outbid Activities Digital Platform
Market Trend
- Emerging Fundraising Activities Online
- Increasing Social Media Online Silent Auctions
Restraints
- Stringent Regulatory Compliances with Online Silent Auctions
Opportunities
Growing Awareness About the Online Silent Auctions and Surging Demand for the Online Silent Auctions with the Growing Digitalization in Developing Nations
Challenges
Technology Related Problem with the Online Silent Auctions
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Online Silent Auctions Study Sheds Light on
The Online Silent Auctions Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Online Silent Auctions industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Online Silent Auctions industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.