Online Classified Market Size to Reach USD 381.4 Billion, With a CAGR of 24.80% CAGR by 2030 – Report by Market Research Future (MRFR)

Market Research Future Insights
The global Online Classified Market is projected to be worth USD 381.4 Billion by 2030, registering a 24.80% CAGR during the forecast period (2023-2030).

E-commerce site that connects merchants and customers is known as an online marketplace. It’s also known as an electronic marketplace, and the website owner is in charge of all transactions. Companies use internet marketplaces to connect with clients interested in buying their goods and services.

Online classified advertising is a kind of online advertising that is popular on social networking sites and can be sold or provided for free. Online classifieds have become a popular technique to nearly completely free promote your product or service. The augmented usage of the internet, smartphones and electronic gadgets, and media has converted classification into digital. As digitization spreads, revenue and profit growth for online classifieds, particularly for service businesses, will slow.

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Online Classified Market Report Scope: 

People nowadays get their information quickly and conveniently through the internet. Small businesses and individuals can utilize online classifieds to interact with potential clients for a low cost. There is nothing better or more cost-effective than an online classified platform for advertising a future-oriented firm or growth potential.

The global online classified field is continuously augmenting, and it already includes a wide range of adverts for both buying and selling products and services. Numerous e-Commerce firms that are founded on customer-to-customer relationships are profitably growing by putting sponsored adverts on their websites. Displaying classified advertising has proven to be a valuable source of revenue for the global growth of the online classified market. Espousal of augmented reality in advertisements, increased e-Commerce penetration, increased investments in artificial intelligence, and the integration of big data into advertising strategies are just a few of the prominent trends.

The global Online Classified Market report furnishes an integrated evaluation of the market. The report tends to a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors playing an eloquent role in the market.

Regional Analysis

The global Online Classified Market is divided into five regions; North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.

North America is estimated to command the largest share in the market over the forecast period. An increasing number of internet users, quick adoption of innovative technologies for improving efficiency and performing daily activities, the budding industry of online analysts, social media managers, and videographers, presence of a large number of e-commerce companies.

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In Europe, the global online classified market is projected to have the second-largest share over the forecast period.

In the Asia Pacific region, the global online classified market is estimated to grow at the fastest pace over the forecast period. Huge investments in digital advertising, coupled with the rising number of businesses, are adding to the global online classified market growth in the region.

Market Segmentation

The Online Classified Market is segmented into the following types

By Revenue Source

• Banner Classified
• Search Engine Marketing (SEM)
• Social Media Classified
• Mobile Classified
• Website Classified

By Business Model

• Vertical Model
• Horizontal Model

By Type

• Health Classified
• Service Classified
• Product Classified

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 Key Players

The global Online Classified Market’s substantial key players are 

• Masig (Singapore)
• Singapore Press Holdings Ltd. Co. (Singapore)
• Syoknya (Malaysia)
• Jualo (Malaysia)
• Craigslist (US)
• my (US)
• Mitula Group (Spain)
• Claseek Pte. Ltd. (Singapore)
• Facebook (US)
• Microsoft Corporation (US) 

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