Classified Platform Market -An Insight On The Important Factors And Trends Influencing 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.

A sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/10496

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.

A TOC of this report is available upon request @ http://www.persistencemarketresearch.com/toc/10496

Craigslist Inc., Finn.no, Gumtree (ebay), Quikr India Private Limited (Commonfloor.com), OLX, Inc., Rightmove plc, Backpage.com are some of the key player of global classified platform market.

About Us

Persistence Market Research (PMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each PMR Syndicated Research report covers a different sector - such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With a wider scope and stratified research methodology, our syndicated reports strive to serve clients and satisfy their overall research requirement.

For information regarding permissions, contact:

Persistence Market Research
305 Broadway,7th Floor
New York City, NY 10007
United States
Tel: +1 800-961-0353
Email: sales@persistencemarketresearch.com
Website: http://www.persistencemarketresearch.com/
media@persistencemarketresearch.com

This release was published on openPR.