Online Auction Market to grow by USD 2.51 billion from 2022 to 2027 | The market is fragmented due to the presence of prominent companies like A One Salasar Pvt. Ltd, Auction House UK Ltd. & Auction Technology Group Plc, and many more - Technavio
NEW YORK, Sept. 21, 2023 /PRNewswire/ -- The online auction market is estimated to grow by USD 2.51 billion from 2022 to 2027, growing at a CAGR of 11.35%. The online auction market is fragmented owing to the presence of many global and regional companies. A few prominent companies that offer online auction markets are A One Salasar Pvt. Ltd, Auction House UK Ltd., Auction Technology Group Plc, Biddingo.com, Catawiki BV, eBay Inc., eBid Ltd., eCRATER, Invaluable LLC, John Pye and Sons Ltd., Liquidity Services Inc., SDL Auctions Ltd., UKauctioneers.com, U.S. Auction Online, Webstore.com, West Auctions Inc., Williams and Williams Marketing Services Inc., Wilsons Auctions Ltd., BCL Auction, and Sothebys. The report provides a full list of key companies, their strategies, and the latest developments. Download a Free Sample before buying
By Geography, the market is classified as North America, Europe, APAC, South America, and Middle East and Africa. North America will have the largest share of the market. North America is estimated to account for 41% of the growth of the global market during the forecast period. The growth of the market in the region is attributed to factors such as the increase in the number of time-strapped and cost-conscious consumers. In addition, the presence of leading vendors in North America will also accelerate the growth of the online auction market during the forecast period. Download a free sample report to get more insights on the market share of various regions and the contribution of the segments.
Technavio Research experts have provided more insights on the market share of segments - View Free Sample Report
The hard asset equipment online auction market is estimated to grow at a CAGR of 18.65% between 2022 and 2027, and the size of the market is forecast to increase by USD 2,100.27 million.
The real-time bidding market size is expected to increase by USD 16.52 billion from 2021 to 2026, at a CAGR of 22.21%.
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
View original content to download multimedia:https://www.prnewswire.com/news-releases/online-auction-market-to-grow-by-usd-2-51-billion-from-2022-to-2027--the-market-is-fragmented-due-to-the-presence-of-prominent-companies-like-a-one-salasar-pvt-ltd-auction-house-uk-ltd--auction-technology-group-plc-and-many--301935128.html
Decoding Enterprise AI: Choosing Between Private LLMs and Public Generative AI Services
GenAI and the Impact on the Enterprise
Press Room Open for Registered Media, Analysts, Speakers, Exhibitors - Sponsored by Parallel Communications