Global Price Comparison Websites Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast: 2019–2028
“Global Price Comparison Websites Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global price comparison websites market report has been segmented on the basis of application, and region.
Global Price Comparison Websites Market: Overview
A price comparison website, also known as comparison shopping website, or comparison shopping agent, or price analysis tool, or comparison shopping platform, is a platform where a user can use filters to compare products on the basis of features, reviews, price, and others. Price comparison websites are online platforms where all data related to good are merged so that the user does not need to go on individual websites to compare products.
Global Price Comparison Websites Market: Dynamics
Various benefits offered by price comparison websites to consumers as well as suppliers such as convenience to customers as well as new potential customers for suppliers to tap on is expected to drive growth of the global price comparison websites market. In addition, these websites can offer consumers to find out better deals to buy any product by comparing it with each other and help them decide easily and save money, which in turn is estimated to drive growth of the global price comparison websites market.
Moreover, finding best prices can be time-consuming task which includes tasks such as calling customer support with queries and try to find right information to compare products which will be more time consuming. Price comparison websites can collect all data together at one place, hence consumer can easily compare products before buying. This is major factor anticipated to drive growth of the global price comparison websites market. Furthermore, price comparison sites offer you various choices while purchasing product, which is another factor expected to drive growth of the global price comparison websites market. Other benefits provided by price comparison websites include no network traffic while purchasing, large number of products available.
However, unawareness about price comparison websites in certain countries is a major factor that could hamper growth of the global price comparison websites market. In addition, some factors such as lack of feel and touch, online frauds, delay in delivery time, no close examination of products while buying are estimated to hinder adoption and growth of the global price comparison websites market.
Global Price Comparison Websites Market: Segment Analysis
Among the application segments, the retail segment is estimated to account for highest revenue share in the global price comparison websites market. Increasing adoption of price comparison websites for retail purchases and rising awareness among consumers are expected to drive revenue growth of the retail segment in the global price comparison websites market. Furthermore, the travel and tourism segment is expected to show significant growth in the global price comparison websites market.
Global Price Comparison Websites Market: Region Analysis
Asia Pacific market is anticipated to account for higher revenue share in the global price comparison websites market. High adoption and permeation of price comparison websites in various countries especially China and India is a major factor expected to drive growth of the price comparison websites market in Asia Pacific. North America market is expected to follow the Asia Pacific market in terms of revenue share, and is estimated to show significant growth in the next few years, due to well-established companies in this region especially in the US.
Global Price Comparison Websites Segmentation:
Segmentation by Application:
- Travel & Tourism
Segmentation by Region:
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Estimated Year 2020 Actual Year 2021 Forecast Period 2021–2030 Revenue in US$
- Google Shopping
- Coupons, Inc.
- Bizrate Insights Inc.
- Slickdeals, LLC
- NexTag Inc
- Woot LLC
- ShopLocal, LLC
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