Increasing Online Marketplaces in 2014

Increasing Online Marketplaces in 2014

 

 

An Online marketplace is a kind of ecommerce website where third parties provide products and stocks information; however the transactions are handled by the marketplace administrator. The way of shopping and business has been revolutionized by Online Marketplaces.

 

Before introducing online marketplaces, if someone had old garments they wanted to dispose. The first option would be the local charity shop.But today lots of websites are there that help people to sell their vintage garments, or the dress that you have never worn.
Let’s take another example of those who make hand crafted items, now they need not to rely upon the craft fairs and verbal marketing. They can sell their artworks to people around the globe through different marketplaces.

 

Reasons of increasing online marketplaces:

Numbers of online marketplaces are increasing every year and the explanation for this are:

• Easy Availability of free and Open Source Development platformsto developers so that it becomes easy for them to choose the best one.
• Increasing demand of people for online marketplaces.
• Competitive Market
• Worldwide Ease of Access
• Profitability
• Simple Cost System
• Unmatched Traffic


Platforms for developing E-Commerce Website:

 

1. Magento
2. Drupal Commerce
3. Shopify
4. WooCommerce

All these platforms are popular amongst developers of ecommerce websites and open source. The best part of all these platforms is that all of them provide Content Management System that offers developers a versatile and extendable e-commerce solution that may help them to develop and succeed online. These ecommerce platforms are attractive and developer friendly.

A Summarized result of ecommerce platforms is shown in the following table:

eCommerce Platform                Stores in Oct 2012                    Stores in Feb 2013(amongst top 100K)
Magento                                          8087                                               9064
Shopify                                             573                                                  826
WP e-commerce                           800                                                  799
Drupal Commerce                        28                                                     68

All these platforms are suggested by developers of the IT industry to build ecommerce websites and due to their far reaching features online marketplaces are increasing in numbers.

There are lot more information to know about online marketplaces that you can see in infographic designed and developed by Nine Hertz

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Priya Ranjan is Science(IT) Graduate & is pursuing his further studies in Science Technology. He is the Founder of Blogging Hits. He loves to write about software's, SEO, Social Media and Technology.

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