Classified Platform Market 2021-2025
New Study Reports ” Classified Platform Market 2021 Global Opportunities, Challenges, Strategies and Forecasts 2025″ has been Added on PersistenceMarketResearch.
Report Details:
This report provides in depth study of “Classified Platform Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Classified Platform Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.
Drivers and Constraints
The fundamental dynamics that are explored in the report hold substantial influence over the Classified Platform market. The report further studies on the value, volume trends, and the pricing history of the market. In addition to it, various growth factors, restraints, and opportunities are also analyzed for the market to study the in-depth understanding of the market.
In the past, classified ads were part of newspapers which offered advertisers cheap, small type notices arranged under specific categories. The media industry has witnessed switch from print media to digital media and has proven itself quite lucrative for classified platform players. Growing number of sites are providing specialized classified marketplaces online catering to niche categories including products and services such as boats, pianos, pets, and adult services. Classified platforms market includes both business to consumer (B2C) and consumer to consumer (C2C) categories.
Despite of several advancements in the online classified platforms, the market is currently at a nascent stage due to large of consumers spending time on the print media; however, with increasing internet subscribers and growing number of subscribers on social media, the market for online classified platform is expected to hold promising revenue opportunity during the forecast period.
Key Players:
The report has profiled some of the Important players prevalent in the global like – Craigslist Inc., Finn.no, Gumtree (ebay), Quikr India Private Limited (Commonfloor.com), OLX, Inc., Rightmove plc, Backpage.com and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Classified Platform.
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Online advertising of a particular product or service through classified platforms enables consumer to explore and compare a particular product or service in a better way than print advertising. Few of the classified platforms also provides 360 degree view of products which enables consumers to better understand the dimension and esthetics of a product, thereby enhancing consumers’ experience. Moreover, with the proliferation of business applications on mobile platforms, classified ads platforms is providing greater opportunity to both buyers and sellers in terms of saving time and cost.
As classified advertisement platforms do not charge for posting an advertisement, few of the classified platform websites displays clutter of information and lack of genuine content. This is acting as a challenge for classified platforms market. Leading players in this market need to focus on building intelligent processes in order to have genuine content without comprising scale of their business.
Segmentation of Classified Platform market on the basis of ad models:
- Horizontal Model:
This model offers a wide range of categories such as mobiles, electronics & accessories, cars, bikes, furniture, pets, books, fashion, jobs, real estate, and home services. Although, horizontal players are capable enough to drive large audience base on their platforms, they often lack specialized product offering.
- Vertical Model:
Vertical model focuses on single categories such as cars and real estate. Usually these kind of business models charge consumers to for listing their products on the platforms. Vertical model comprises advertisements of all the entities in the ecosystem of a particular industry.
Classified Platforms Market: Key Deals
- On January 2016, Quikr acquired online real estate portal Commonfloor.com for US$ 200 million
- On December 2015, OLX, Inc. raised US$ 13.5 million in series B round of funding
Countries in Europe region such as France and Norway are witnessing increasing popularity for horizontal classified model. Most of the consumer in the Europe are using classified platforms for searching second hand merchandise across a range of categories. Countries such as U.K and Germany have witnessed increased popularity for online classified with vertical business models.
In the North America and Latin America regions, the market of online classified is yet to go as a mainstream business. Few of the enterprises in the countries such as the U.S. and Brazil, prefer advertising their product or service on print media as against online digital media.
Although overall e-commerce market in Asia-Pacific region is booming, online classified platform market is witnessing moderate growth. In countries such as China and India, the online classified ad penetration is low, primarily due to presence of this platforms in only tier 1 and tier 2 cities.
Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
Classified Platform Market Manufacturers
Classified Platform Market Distributors/Traders/Wholesalers
Classified Platform Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Major Highlights of the Classified Platform Market Report:
- The Classified Platform Market analysis report offers an in-depth study of the potential market growth opportunities and challenges.
- The report dives deeper into the market and explains the dynamic factors bolstering market growth.
- The report deeply assesses the current, historical market size, market share, and revenue growth rates to offer accurate market projections for the forecast period.
- The report analyzes the Classified Platform Market presence across major regions of the world.
- It determines the production & consumption capacities and demand & supply dynamics of each regional market.
- The report further illustrates the intense competition among the key market players and highlights their effective business expansion plans and strategies.
- It provides company overview and SWOT analysis of each of the market players.
Key Questions Answered in This Report.
- What will the Market growth rate in Future?
- What are the key factors driving the global Market?
- Who are the key manufacturers in Market space?
- What are the opportunities and threats faced by the vendors in the global industry?
- What are sales, revenue, and price analysis by regions of industry?
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