Dublin, Aug. 16, 2024 (GLOBE NEWSWIRE) -- The "Online Classified Ad Platform - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Online Classified Ad Platform is estimated at US$37.2 Billion in 2023 and is projected to reach US$68.4 Billion by 2030, growing at a CAGR of 9.1% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. 
The growth in the online classified ad market is driven by several factors, including the increasing penetration of internet and mobile device usage, changes in consumer behavior towards online shopping, and advancements in digital payment systems. The widespread adoption of smartphones has made accessing online services more convenient than ever, which in turn fuels the demand for mobile-optimized shopping experiences like those offered by classified ad platforms.
Consumer behavior has also shifted significantly, with more people becoming comfortable with buying and selling goods online due to the perceived convenience, wider selection, and competitive pricing. Additionally, the integration of secure digital payment options has made people more confident in completing transactions online.
Lastly, the economic efficiencies for businesses using classified ads to reach potential customers, combined with the minimal entry barriers for new users, contribute to the robust growth of this market. These elements together ensure that online classified platforms remain a popular and growing sector within the broader e-commerce industry.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Online Classified Ad Platform Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Online Classified Ad Platform Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Horizontal Business Model segment, which is expected to reach US$46.0 Billion by 2030 with a CAGR of a 9.6%. The Vertical Business Model segment is also set to grow at 8.2% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $10.1 Billion in 2023, and China, forecasted to grow at an impressive 12.6% CAGR to reach $14.4 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Adevinta ASA, Dotline Web Media Pvt Ltd, FATbit Technologies, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 189 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $37.2 Billion |
| Forecasted Market Value (USD) by 2030 | $68.4 Billion |
| Compound Annual Growth Rate | 9.1% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Global Economic Update
- Online Classified Ad Platform - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- Growth of the Gig Economy Drives Traffic to Online Classified Ad Platforms
- Increasing Mobile Penetration Expands Addressable Market for Mobile-Focused Platforms
- Impact of AI on Personalized Ad Recommendations
- Rise in Small Business Startups Utilizing Online Classifieds for Promotion
- Environmental Benefits of Reduced Physical Advertising Drives Increased Adoption of Online Classified Ad Platforms
- Evolving Consumer Behaviors Towards Online Shopping and Trading Bodes Well for Growth
- Impact of Social Media on the Reach and Effectiveness of Classified Ads
- Scams and Fraudulent Listings: Challenges and Solutions
- User-Generated Content and Community Building as Market Drivers
- Adoption of AR/VR for Better Visualization of Listed Products
FOCUS ON SELECT PLAYERS (Total 51 Featured)
- Adevinta ASA
- Dotline Web Media Pvt Ltd
- FATbit Technologies
- Geebo, Inc.
- Gumtree.com Limited
- HT Media Limited
- LIFULL CONNECT S.L.
- Logicspice
- OLX Group NV
- Oodle Holdings, LLC
- pennysaver
- Quikr India Pvt. Ltd.
- ReleaseMyAd Media Pvt. Ltd.
- Webxloo LLC
- Yalwa GmbH
For more information about this report visit https://www.researchandmarkets.com/r/q2ij0m
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