Online Classified Market Size, Trends, Share, Growth Status, Key Segments and Forecast 2030
Online advertisement is mostly brought out through web-based applications, mobile applications, search engine marketing (SEM), banners, social media platforms, and others. However, the market may be hindered due to the growing cases of fraudulent activities occurring in various sectors like real-estate, recruitment, automotive, and matrimony. The global online classified market is projected to grow at 20.2% CAGR during the forecast period (2017-2023).
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Governmental organizations are boosting their maintenance budgets for system infrastructure while simultaneously funding initiatives for project development, modernization, and enhancement. As a result of the investments' success, ICT vendors now annually set aside funding for the growth of the online market. Global ICT exports are anticipated to increase 3.9% on average year from US$ 784.3 billion in 2021 to US$ 955.19 billion in 2030. Global supply has increased by 9.5% yearly since 2009. In terms of global ICT exports in 2021, Ireland came in first place with US$ 169. 32 billion. The rankings placed China at number 4, the United States at number 2, and India at number 3. Since 2009, Brunei has increased by 228.2% year over year, while Sierra Leone has decreased by 61.7% year over year.
By 2026, European ICT Revenue is likely to increase by 1.5% annually, from US$ 1,802,413 Million in 2021 to US$ 1,933,429 Million. The European market has increased by 3.1% annually since 2016. In terms of ICT Revenue in Europe in 2021, Germany came in first place with US$ 339,074 million. Positions 2, 3, and 4 in this ranking were held by the United Kingdom, France, and Ireland, respectively. Since 2016, Malta has increased by 16.5% year over year, while Italy has decreased by 0.2%.
The online classified advertising is a part of digital marketing that additionally permits end clients to communicate straightforwardly with the sponsors through digital marketing services, for example, mail, text, and others. Expanding computerized activities, for example, Digital India, in the developing economies has prompted the appropriation of business to business (B2B) and business to customer (B2C) business model. Also, an expansion in the usage of smartphones and Internet infiltration have given people and endeavors a helpful stage to achieve their intended target audience. Online advertisement to a great extent utilized crosswise over industry verticals to give data and promote their products and services.
The global online classified market has been classified on the basis of its business model, revenue source, type, and regional demand. Based on its revenue source, the market has been categorized into mobile classified, website classified, social media classified, banner classified and search engine marketing (SEM). The business model has been classified into the vertical model and horizontal model. On the basis of its type, the market is categorized into service classified, health classified and product classified.
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Craigslist (US), Jualo (Malaysia), Singapore Press Holdings Ltd. Co. (Singapore), Masig (Singapore), Microsoft Corporation (US), Facebook (US), Claseek Pte. Ltd. (Singapore), Mitula Group (Spain), Mudah.my (US), among others are some of the major players in the global online classified market.
Online Classified Market Information Report:
By revenue source (website classified, social media classified, search engine marketing)
By business model (horizontal model and vertical model),
By type (product classified, service classified)3
Geographically, the global online classified market is divided into global regions like Europe, North America, Asia- Pacific, Middle East, LATAM, and Africa.
Table of Content:
Global Growth Trends
Competition Landscape by Key Players
North America Market Analysis
Europe Market Analysis
Asia-Pacific Market Analysis
Latin America Market Analysis
Middle East & Africa Market Analysis
Key Players Profiles Market Analysis
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