The Global Online Auction Market to grow at a CAGR of 7.2% during the period 2018-2022.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend affecting this market is the emergence of AI. AI is used in online auctions to perform various activities such as processing customer-service inquiries, internal operations, product packaging, and delivery.
According to the report, one driver influencing this market is the ease of bidding. Online auctions provide bidders with convenience of flexibility in terms of time and place. One can easily login to the site and participate in the auction, which helps the users save money.
Further, the report states that one challenge affecting this market is the shill bidding. Shill bidding involves the deliberate placing of bids on behalf of the seller, resulting in the artificial increase in the price of the auctioned product.
Key Topics Covered
1. Executive Summary
2. Scope of the Report
3. Research Methodology
4. Market Landscape
5. Market Sizing
6. Five Forces Analysis
7. Market Segmentation by Product
8. Customer Landscape
9. Regional Landscape
11. Drivers and Challenges
12. Market Trends
13. Vendor Landscape
14. Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/53ktl7/global_online?w=4