About Online Silent Auctions
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.
Attributes | Details |
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Study Period | 2020-2032 |
Base Year | 2024 |
Unit | Value (USD Million) |
Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
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) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Online Silent Auctions market by Type (English Auctions, Reverse Auctions, Penny Auctions, Dutch Auctions, First-Price Sealed-Bid Auctions and Others), Application (Small and Medium Enterprises (SMEs) and Large Enterprises) and Region.
On the basis of geography, the market of Online Silent Auctions has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2024. If we see Market by Deployment, the sub-segment i.e. Cloud-based will boost the Online Silent Auctions market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Emerging Fundraising Activities Online and Increasing Social Media Online Silent Auctions
Market Growth Drivers:
Increasing Participation and Reach of Mobile Bidding Auctions and Demand for Instant and Convenience Outbid Activities Digital Platform
Challenges:
Technology Related Problem with the 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
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.
Key Target Audience
Online Silent Auctions Platform Developers, Online Silent Auctions Industry Associations, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.