Marketplace development is evolving quickly and constantly – much like the entire industry it serves. How to go about marketplace development to succeed in 2021?
Marketplace development is evolving quickly and constantly – much like the entire industry it serves. The year 2020 brought yet another record-breaking numbers for online marketplaces – and not just because of the COVID-19 pandemic. It didn’t just grow in size, but also in sophistication and vendor/customer expectations. The barriers to entry and competition are also growing bigger and bigger. How to go about marketplace development to succeed in 2021?
With double-digit growth numbers worldwide, it may seem that getting into the marketplace industry is quite easy, but actually, it couldn’t be further from the truth. It takes a lot of know-how and if you want to measure up to the already established market players, you have your job cut out for you! Software development is a good place to start this conversation because your marketplace application would have to account for every single area of your business operation.
Before we get to the hard part, a couple of encouraging words.