Market Overview:
The global auction software market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing adoption of online and offline auctions by businesses and consumers alike. Additionally, the growing demand for cloud-based auction software is also contributing to the growth of this market.
Product Definition:
Auction software is a type of software that helps auctioneers manage their auctions. It can help them keep track of the items being auctioned, the bids that are placed on each item, and the winner of each auction. Auction software can also help auctioneers keep track of their finances, including how much money they have taken in and how much they have spent.
Cloud Based:
Cloud-based software is a type of online auction software that uses the internet as its medium to carry out auctions. The main advantage of this system is that it allows bidders from all over the world to participate in auctions. Also, it reduces the cost involved in setting up an online auction site and helps increase revenue by promoting cross border trade.
The global cloud based, usage.
Web Based:
Auction software is web-based and it helps auction houses to manage their online auctions. It also helps buyers & sellers to communicate with each other and finalize the transaction. The software works on the client/server model, which means that it consists of a server component (also called as a server-side engine) and multiple clients (web browsers or applications).
Application Insights:
The online application segment accounted for the largest share of more than 60.0% in 2017. The growth is attributed to the increasing use of these applications at various stages of a sale, such as pre-sale and live auction. Offline application is expected to be the fastest-growing segment over the forecast period owing to its rising adoption by both small and large auction houses around the world.
Auction software has been gaining traction among several end users due to its ease of use and functionality offered for different aspects of an auction event including management, marketing & advertising, sales & pricing, personnel management etcetera. Moreover, with advancements in technology it has become easier for buyers or sellers alike; Auction Software Market vendors are offering mobile app interfaces that can be used on smartphones or tablets which further helps reach out directly to customers through their preferred mediums such as mobile phones or tablets etcetera (Online).
Regional Analysis:
North America accounted for the largest share of over 35% in 2017. The region is expected to maintain its lead over the forecast period owing to high demand from U.S.-based online and offline auction participants. In addition, increasing penetration of advanced technologies such as big data analytics and artificial intelligence (AI) is anticipated to drive regional growth over the next eight years.
Asia Pacific is estimated to register a significant CAGR during the forecast period due to growing adoption of e-auction platforms by auctioneers in countries such as China, India, Japan, Australia and Singapore among others. Furthermore, increasing number of investors participating in online auctions globally will also contribute towards market growth during the same period.
Europe was valued at USD X billion as per 2016 rankings published by International Auctioneers Federation (IAF).
Growth Factors:
- Increasing demand for online auctions from small and medium businesses
- Rising adoption of auction software by large enterprises
- Proliferation of mobile devices and apps that support auctions
- Emergence of new auction formats and technologies
- Growing popularity of online marketplaces
Scope Of The Report
Report Attributes
Report Details
Report Title
Auction Software Market Research Report
By Type
Cloud Based, Web Based
By Application
Online, Offline
By Companies
Handbid, Accelevents, Bidopia, ClickBid, E-Multitech Auction, Live Auction Software, Appraisal Builder Pro, Auctionservices, BidStation, CAMS II, Forward Auction, Gavel Buddy, Global Auction Platform, Highest Unique Auction Script, Ilance, Maxanet
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
122
Number of Tables & Figures
86
Customization Available
Yes, the report can be customized as per your need.
Global Auction Software Market Report Segments:
The global Auction Software market is segmented on the basis of:
Types
Cloud Based, Web Based
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Online, Offline
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Handbid
- Accelevents
- Bidopia
- ClickBid
- E-Multitech Auction
- Live Auction Software
- Appraisal Builder Pro
- Auctionservices
- BidStation
- CAMS II
- Forward Auction
- Gavel Buddy
- Global Auction Platform
- Highest Unique Auction Script
- Ilance
- Maxanet
Highlights of The Auction Software Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cloud Based
- Web Based
- By Application:
- Online
- Offline
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Auction Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Auction software is a computer program that helps auctioneers and buyers to conduct auctions. It enables the auctioneer to set up bids, determine the amount of each bid, and keep track of who has made which bids. Auction software also allows buyers to place bids on items in an auction.
Some of the major players in the auction software market are Handbid, Accelevents, Bidopia, ClickBid, E-Multitech Auction, Live Auction Software, Appraisal Builder Pro, Auctionservices, BidStation, CAMS II, Forward Auction, Gavel Buddy, Global Auction Platform, Highest Unique Auction Script, Ilance, Maxanet.
The auction software market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Auction Software Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Auction Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Auction Software Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Auction Software Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Auction Software Market Size & Forecast, 2018-2028
4.5.1 Auction Software Market Size and Y-o-Y Growth
4.5.2 Auction Software Market Absolute $ Opportunity
Chapter 5 Global Auction Software Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Auction Software Market Size Forecast by Type
5.2.1 Cloud Based
5.2.2 Web Based
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Auction Software Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Auction Software Market Size Forecast by Applications
6.2.1 Online
6.2.2 Offline
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Auction Software Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Auction Software Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Auction Software Analysis and Forecast
9.1 Introduction
9.2 North America Auction Software Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Auction Software Market Size Forecast by Type
9.6.1 Cloud Based
9.6.2 Web Based
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Auction Software Market Size Forecast by Applications
9.10.1 Online
9.10.2 Offline
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Auction Software Analysis and Forecast
10.1 Introduction
10.2 Europe Auction Software Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Auction Software Market Size Forecast by Type
10.6.1 Cloud Based
10.6.2 Web Based
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Auction Software Market Size Forecast by Applications
10.10.1 Online
10.10.2 Offline
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Auction Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Auction Software Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Auction Software Market Size Forecast by Type
11.6.1 Cloud Based
11.6.2 Web Based
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Auction Software Market Size Forecast by Applications
11.10.1 Online
11.10.2 Offline
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Auction Software Analysis and Forecast
12.1 Introduction
12.2 Latin America Auction Software Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Auction Software Market Size Forecast by Type
12.6.1 Cloud Based
12.6.2 Web Based
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Auction Software Market Size Forecast by Applications
12.10.1 Online
12.10.2 Offline
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Auction Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Auction Software Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Auction Software Market Size Forecast by Type
13.6.1 Cloud Based
13.6.2 Web Based
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Auction Software Market Size Forecast by Applications
13.10.1 Online
13.10.2 Offline
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Auction Software Market: Competitive Dashboard
14.2 Global Auction Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Handbid
14.3.2 Accelevents
14.3.3 Bidopia
14.3.4 ClickBid
14.3.5 E-Multitech Auction
14.3.6 Live Auction Software
14.3.7 Appraisal Builder Pro
14.3.8 Auctionservices
14.3.9 BidStation
14.3.10 CAMS II
14.3.11 Forward Auction
14.3.12 Gavel Buddy
14.3.13 Global Auction Platform
14.3.14 Highest Unique Auction Script
14.3.15 Ilance
14.3.16 Maxanet
