Global online classified ad platform market to reach $16 billion in 2026, report
The online classified ad platform market is poised to grow by $16.1 billion during 2022-2026, accelerating at a CAGR of 10.36% during the forecast period. This is according to a recent report by Research and Markets.
The report on the online classified ad platform market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The report offers an up-to-date analysis of the current global market scenario, the latest trends and drivers, and the overall market environment.
The market is driven by growth in mobile classified advertising, the low cost of online advertising, and rapidly declining print advertising.
The online classified ad platform market analysis includes business segment and geographic landscape. This study identifies the growing popularity of real-time bidding (RTB) as one of the prime reasons driving the online classified ad platform market growth during the next few years. Also, growth in social media advertising and growth of the video format will lead to sizable demand in the market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
