Online Classified Ad Platform Market Definition
The global online classified Ad platform market is expected to witness the rise due to the demand for reaching a wider range of audiences at various platforms at once as a large number of audiences are at digital media with the improved network connectivity. The market is expanding rapidly covering the advertisement related to pretty much all types of services be it recruitment, property, business, or any other domain. These online classifieds Ad platforms offer the customers free as well as paid listings.
The market study is broken down by Type (Featured ads and Normal ads) and major geographies with country level splits.
Craigslist, Inc. (United States), eBay Inc. (United States), OLX Group (Netherlands), Oodle, Inc. (United States), ClassifiedAds.com, Inc. (United States), Yakaz (United States) and AdlandPro (Canada) are some of the key players that are part of study coverage.
AdvanceMarketAnalytics has segmented the market of Global Online Classified Ad Platform market by Type, Application and Region.
On the basis of geography, the market of Online Classified Ad 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 Classified Ad, the sub-segment i.e. Recruitment will boost the Online Classified Ad Platform market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Pricing Option, the sub-segment i.e. Free will boost the Online Classified Ad Platform market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Platform, the sub-segment i.e. Smartphones will boost the Online Classified Ad Platform market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Model, the sub-segment i.e. Vertical will boost the Online Classified Ad Platform market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
On 11th November 2019, OLX Group, Prosus’ classifieds business, is pleased to announce its intention to increase its ownership in the online car marketplace Frontier Car Group, becoming the company’s largest shareholder. FCG's instant cash services, combined with OLX’s proprietary classifieds technology and reach, have transformed the online car marketplace, making buying and selling used cars more convenient and efficient for individual car sellers, buyers and dealers.
- Rising Use of Social Media Advertising and Other online Platforms
- Technological Advancement in Online Classified Ad Platform
- Demand for the Online Advertisements in Various Online Platform for Wider Audience reach
- Growing Digitalisation and Increasing Usage of Devices
- Rising Consumption of Online Platforms in the Prevailing Economic Situations will Boost the Online Classified Ad Platform Market
- Classified Ad on Print Media and Other Substitutes can be the Hindrance for Online Classified Ad Platform Market
- Online Classified Ad Platform can be for Shorter Period
Key Target AudienceOnline Classified Ad Platform Providers, Research and Development Institutes, Industry Associations, Regulatory Bodies, Potential Investors and Others
About ApproachThe research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
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