About Online Bidding Platform
An online bidding platform can be a mobile-based or web-based platform that allows people to bid and auction their products or commodities online at a good price. The platform offer advantage of bidding at the comfort of any place. bidding is done on any kind of product in any industry like marketing & advertising for running an advertisement, selling a car online, real estate property, etc. The platform helps in timed auctions, webcast auctions, invoicing, marketing, email deliverability, and others.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
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.
Bidlogix Limited (United Kingdom), ClickBid (United States), Quintagroup (Ukraine), Listia Inc. (United States), Copart Inc. (United States), bidadoo Auctions (United States), Pioneer Auctions (UAE), Auction.com (United States) and BidSpotter (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Online Bidding Platform market by Type (Independent Website {Direct Platform} and Third-Party Website {Marketplace}), Application (Marketing & Advertising, Real Estate, Automotive and Others) and Region.
On the basis of geography, the market of Online Bidding Platform 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). If we see Market by Platform, the sub-segment i.e. Mobile-based will boost the Online Bidding Platform market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Features, the sub-segment i.e. Timed Auction will boost the Online Bidding Platform market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Artificial Intelligence Integrated Online Bidding Platform
Market Growth Drivers:
Growing Demand for the Auction and Bidding Operation for Marketing Purpose and Need for Online Bidding Platform for Ease and Convenience of Bidding Covering Wide Range of audience
Challenges:
Regulatory Compliances with Online Bidding Platform
Restraints:
High Degree of Security Risk Posed by Threat Vector Hindering the Online Bidding Platform Market
Opportunities:
Emerging Demand for Real Estate and Automotive Bidding and Auctions and Technological Advancements in Online Bidding Platform Market
Market Leaders and their expansionary development strategies
On 8th November 2021, Pioneer Auctions recently announced the launch of a new mobile app for its online and offline car auction platform to provide users with a more seamless online bidding experience. The industry-leading car auction service provider also leveraged their auction digital platform to be available on a 24/7 basis for users.
On 9th September 2021, eBay Inc. a global commerce leader that connects millions of buyers and sellers around the world announced a strategic partnership and investment in bidadoo, a leading online remarketing and auction company of equipment, trucks, and capital assets. As one of the largest marketplaces for Heavy Equipment, eBay offers buyers a wide selection of equipment, trucks, parts, and attachments for industries from construction to transportation to agriculture. This partnership will combine the proven platform and global reach of eBay with the unique capabilities and experience of bidadoo.
Key Target Audience
Online Bidding Platform Developer, Online Bidding Platform Industry Association, 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.