Industry Background:
Nonprofit auction software is used to conduct, organize, and manage fundraising efforts during live auctions, silent auctions, and online auctions. It comes with various features like mobile bidding, virtual fundraising, event management, and back-end analytics, which helps charities and other nonprofit organizations reach their fundraising goals. The presence of a large number of IT solutions and service providers in developed countries like the US and awareness about advanced technologies will increase the demand for advanced software during the forecast period.This growth is primarily driven by Increased Use of Online Platform for Auction to Attract More People and Automate Auction Business.
Major Players, such as OneCause (United States), Greater Giving (United States), Auctria (Canada), Accelevents (United States), Silent Auction Pro (United States), BiddingOwl (United States), FrontStream (United States), MaestroSoft (United States), Handbid (United States) and GiveSmart (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In May 2021, Network for Good, a leading provider of fundraising software for small and mid-sized nonprofits announced the acquisition of Cause4Auction to streamline charity auctions for small nonprofits. The acquisition will help Network for Good to provide various fundraising tools to nonprofit organizations.
Market Drivers
- Increased Use of Online Platform for Auction to Attract More People and Automate Auction Business
Market Trend
Restraints
- Lack of Awareness about Auction Software in Some Developing and Underdeveloped Countries
Opportunities
Growing Popularity of Mobile Bidding Across the Globe
Challenges
Lack of High-Speed Internet Connectivity
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, Nonprofit Auction Software Study Sheds Light on
The Nonprofit Auction Software Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Nonprofit Auction Software industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Nonprofit Auction Software 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.