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A Significant Growth Rate of Price Comparison Website during the Forecasted Period 2016-2020
Market Research Reports
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A price comparison website is a search engine, which people use to compare the prices of different products. These websites are also called comparison shopping website, price analysis tool, comparison shopping agent, shopbot, etc. Along with prices, many other categories for comparing the products, such as features, quality, etc. are being added on these websites.
Price comparison websites provide many benefits to both consumers and the suppliers. Consumers get convenience, increased choices, saving of time, etc., while suppliers are benefitted by increased visibility, new customers, etc.
The price comparison website market is expected to increase at a significant growth rate during the forecasted period (2016-2020). The global price comparison website market is supported by various growth drivers, such as increase in smartphone users, increased internet penetration, increasing switching market, etc. Yet, the market faces certain challenges, such as issues related to reliability and trust, lack of knowledge, etc.
The price comparison websites can be segmented into Insurance, Energy and Others. Insurance segment includes motor insurance, home insurance, travel insurance, etc. Energy segment comprises of gas, electricity and others. Other products included in the market are broadband, mobiles, digital TV, etc.
Majority of the market is concentrated in the UK and major companies in the market are also UK based. Gocompare, Moneysupermarket, uSwitch and Confused.com are key companies in the UK price comparison website market. The company profiling of these companies has been done in the report, which includes business overview, financial overview and respective business strategies of the companies.
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