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Online Classified Market to be Worth USD 380.92 Billion at a 24.8% CAGR by 2030 – Report by Market Research Future (MRFR)

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New York, US, Sept. 28, 2022 (GLOBE NEWSWIRE) — According to a comprehensive research report by Market Research Future (MRFR), “Online Classified Market Information Report: Information By Revenue Source, Business Model, Type – Global Forecast to 2030”, valuation to escalate to USD 380.92 Billion by 2030, growing at a 24.8% CAGR throughout the forecast period (2021-2030).

Online Classified Market Overview

The global online classified market is growing steadily, witnessing vast adoption among various businesses. Online classified has become imperative to increase business revenues, presenting unique opportunities for internet advertising. Given the spurring rise in digital media and social media platforms, businesses are increasingly using these services to advertise their products and services online. With the emergence of targeted advertising concept/modules, the market is expected to reach colossal heights.

Players involved in the online classifieds advertisements market 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) and Others.

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The term Online Classified refers to the advertising on different internet sites. The operator or administrator of these Internet sites does not involve consummating the transaction or providing any information other than the seller’s contact details. Online advertisements serve the same purpose as the classifieds section of any print media, and the seller’s contact information is continuously available to any visitor.

These online classified sites do not provide any information about a potential buyer to the seller. They do not charge any fee/commission for such transaction to the seller or potential buyers other than the fee for listing sellable goods. This listing fee is a price for flashing the ad on the website and is chargeable before or when the ad appears. 

Online Classified Market Segments 

The online classified market is segmented into advertising types, business models, revenue sources, and regions. Of these, the type segment comprises health & wellness, services & products, and other classifieds. The business model segment comprises vertical and horizontal models. Similarly, the revenue source segment comprises search engine marketing (SEM), banners, social media, and mobile & website classifieds. Further, the region comprises the Americas, APAC, MEA, Europe, and the rest of the world.

Online Classified Market Report Scope:

Report Metrics Details
  Market Size by 2030 USD 380.92 Billion
  CAGR during 2021-2030 24.8%
 Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
 Key Market Opportunities Increase in Mobile Advertisement to Create Robust Opportunities
  Key Market Drivers Affordability of Online Classified to Bolster Market Growth

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Online Classified can Reach a larger base of Digital Audiences

online classified market reaching mass audiences is often challenging, especially for small businesses with limited marketing budgets. Besides, social media and search engine ads consume a large share of allotted budgets. In such scenarios, free advertising sounds to be an advantageous option. On the other hand, continually increasing completion due to new market entrants with sophisticated technology and budgets makes small businesses turn to online classifieds.

Classified ad sites boost marketing efforts, allowing to direct traffic to the users’ company website or physical business location. Growing numbers of businesses are using these advertising sites to market their products or services among the most influential generation of consumers today. Online advertising has become a powerful tool to reach a larger base of digital audiences at no or negligible costs.  

In addition to connecting to larger, more engaged audiences, these advertising sites also offer effective local marketing opportunities with analytical services such as highlighting categories, etc., a platform to find employees, other service providers, resale used equipment & inventory, and so on. As digitization grows further, business owners will have plenty of opportunities to reach mass audiences without straining their marketing budgets much. 

Online Classified Market Regional Analysis

North America stands as the largest market for online classifieds globally. Factors such as the vast base of internet users and large digitization across the region drive online classified market growth. Besides, significant technology upgrades and innovative technologies that can improve the efficiency and performance of online marketing activities boost the market size. With the rising popularity of online classifieds in vertical business models, the US and Canada account for significant market shares.

Europe is a rapidly growing market for online classified sites, witnessing colossal traction. The strong presence of required expertise, such as online analysts, social media managers, videographers, and e-commerce companies, substantiate market revenues. Moreover, the proliferation of artificial intelligence and big data accelerates the region’s market shares. Also, technological advances and the rise in online marketing media platforms positively impact online classified market growth.

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The online classified market is brisk in the Asia Pacific region. Increasing investments in digital advertising and the rising number of businesses create significant market opportunities. Additionally, the growing popularity of horizontal classified models among businesses and the increasing use of classified platforms by consumers to search for merchandise across different categories escalate the region’s market value. India is rapidly emerging as a profitable market for online classifieds in this region. 

Industry Trends

online classified market with technological advances, online classified sites would allow users to pursue creative strategies, such as optimizing Google Business Profiles for SEO, posting organic content to social media & blogs, and so on. Market players are investing significantly to improve their service portfolios and bringing advanced technologies that can boost their customer base and generate data around content performance & user behavior. 

The number of classified ad websites and marketplaces has increased significantly over the past few years. Integrating ubiquitous technologies, such as AI and ML, would provide businesses with several avenues to foster revenues. The proliferation of personal computing and mobile phones pushes the market value, enabling advertisers to deliver original content straight to consumers.

Online Classified Market Competitive Analysis 

Highly competitive, the online classified market appears to be fragmented with the presence of numerous well-established players. These players invest heavily in enhancing product quality and global expansion. Key players identify the need for world-class online classifieds and invest in state-of-the-art facilities to provide services. 

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For instance, on Sep.26, 2022Adevinta ASA (ADE) announced the sale of its Mexican online classifieds businesses Segundamano and Vivanuncios to a Latin American online real estate marketplaces operator – Navent Group. Both brands will continue to operate together in the market, with Adevinta’s Mexican classifieds operations will complement Navent’s existing real estate listing offerings. 

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Global Online Payment Gateway Market Research Report, By Type, By Application – Forecast till 2030

About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

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Artificial Intelligence

Department of Health – Abu Dhabi partners with MBZUAI and Core42 to launch Global AI Healthcare Academy

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ABU DHABI, UAE, May 13, 2024 /PRNewswire/ — The Department of Health – Abu Dhabi (DoH), the regulator of the healthcare sector in the Emirate, signed a Memorandum of Understanding (MoU) with Mohamed bin Zayed University of Artificial Intelligence (MBZUAI), the leading AI research-based academic institution located in Abu Dhabi, and Core42, a G42 company offering AI solutions, during Abu Dhabi Global Healthcare Week (ADGHW). This MoU will launch the global AI Healthcare Academy to the health workforce. The MoU was signed by Dr. Rashed Obaid Al Suwaidi, Executive Director of Healthcare Workforce Planning Sector at DoH, Sultan Al Hajji, Vice President of Public Affairs and Alumni Relations at MBZUAI and Talal Al Kaissi, Executive Vice President, Chief Product and Global Partnership Officer at Core42.

 
 
Reinforcing Abu Dhabi’s position as a leading destination for healthcare and life sciences, the partnership seeks to establish a framework of collaboration to strengthen the Emirate’s position at the forefront of technology-enabled and data-driven healthcare systems. The new AI Healthcare Academy will help to build a global AI-trained workforce, which is capable of advancing diagnostic and operational efficiency, significantly improving patient care, and streamlining healthcare processes around the world.
Sultan Al Hajji, Vice President of Public Affairs and Alumni Relations at MBZUAI, said: “Healthcare is a key research pillar for MBZUAI, because we recognise the transformative and life-saving potential of AI across a wide range of diagnostic and treatment areas. In addition to our recent effort in establishing the Institute of Digital Public Health, we are proud to partner with The Department of Health – Abu Dhabi in launching the new AI Healthcare Academy. MBZUAI will provide the Academy our world-class faculty to facilitate AI workshops and training to upskill the healthcare workforce in support of the UAE leadership’s vision to become a global hub for AI and a centre for life sciences.”
Through leveraging advanced technologies and harnessing the power of AI, DoH seeks to upskill the health workforce, enhance local practices and contribute to broader medical research and treatment modalities worldwide. By embracing AI-driven technologies, healthcare professionals can stay at the forefront of innovation, fostering collaboration and knowledge exchange on a global scale.
By collaborating with MBZUAI through its Institute of Digital Public Health, the Academy will encompass ground-breaking research. These efforts will encourage public-private partnerships, fostering collaboration to secure ample funding and ensure ongoing sustainability, setting the academy for long-term success and supporting responsible and impactful innovation.
Under the patronage of His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of Abu Dhabi Executive Council, Abu Dhabi Global Healthcare Week (ADGHW) is a major government initiative from DoH, taking place between 13 and 15 May 2024.
For more information please visit: https://www.adghw.com/
About Department of Health – Abu Dhabi (DoH):
The DoH is the regulatory body of the healthcare sector at the Emirate of Abu Dhabi and ensures excellence in healthcare by monitoring the health status of the population. DoH defines the strategy for the health system, monitors and analyses the health status of the population and performance of the system. In addition, DoH shapes the regulatory framework for the health system, inspects against regulations, enforce standards, and encourages adoption of world-class best practices and performance targets by all healthcare service providers in the Emirate. DoH also drives programmes to increase awareness and adoption of healthy living standards among the residents of the Emirate of Abu Dhabi in addition to regulating scope of services, premiums and reimbursement rates of the health system.
For further information on DoH, visit https://www.doh.gov.ae/ and follow on X, Instagram, Facebook, LinkedIn and YouTube.
About Mohamed bin Zayed University of Artificial Intelligence (MBZUAI)
MBZUAI is a graduate, research university focused on artificial intelligence, computer science, and digital technologies across industrial sectors. The university aims to empower students, businesses, and governments to advance artificial intelligence as a global force for positive progress. MBZUAI offers various graduate programs designed to pursue advanced, specialized knowledge and skills in artificial intelligence, including computer science, computer vision, machine learning, natural language processing, and robotics. For more information, please visit www.mbzuai.ac.ae.
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Artificial Intelligence

Vantiva Ships Over 125 Million Open-Source RDK Devices Globally

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Milestone includes RDK-Broadband and RDK-Video devices shipped to Network Service Providers across the world
PARIS, May 13, 2024 /PRNewswire/ — Vantiva (Euronext Paris: VANTI), a global technology leader enabling Network Service Providers (NSPs) to connect consumers worldwide, today announced that it has shipped more than 125 million RDK-based customer premise equipment (CPE) products since 2012, strengthening its market share as of 2024. RDK is a fully modular, portable and customizable open-source software solution that standardizes core functions used in video, broadband and Internet of Things (IoT) devices. Vantiva has been an active member of the RDK community since its inception, providing RDK solutions across IP, Hybrid and Quadrature Amplitude Modulation devices. In 2014, Vantiva contributed software that helped enable RDK to expand its applicability to broadband devices, meeting the demand of operators worldwide for greater technical commonality among suppliers.

 
“Vantiva has played a vital role in helping RDK become a driving force for innovation across broadband and video globally,” said Jason Briggs, President and General Manager of RDK. “Network Service Providers understand the benefits RDK provides in terms of versatility and software commonality, and the importance of having a proven CPE partner, like Vantiva, who can help them deliver at scale. We look forward to continuing to collaborate with Vantiva to extend the reach of RDK for many years to come.”  
RDK-Broadband (RDK-B) is an open platform for broadband devices that provides customers with an industry-leading standard of technology facilitating efficiencies in development cycles through collaborative industry contributions that drive lean business results. Operators can efficiently introduce a wider array of enhanced offerings, like parental controls or cybersecurity, while maintaining complete control over design, development, deployment and data management. RDK-Video (RDK-V) provides developers and operators with a unified software stack for set-top boxes (STBs) and home gateways across a broad range of complex video and management functions, including rendering, content, device management and networking.
“RDK has grown exponentially thanks to the leadership of RDK Management and to the more than 600 companies that contribute to the RDK community,” said Leopold Diouf, Senior Vice President of the product division at Vantiva. “By leveraging RDK as a platform, Vantiva delivers innovative software solutions to a globally diverse range of NSPs and multiple access technologies – DOCSIS, fiber and fixed wireless access. This approach provides our clients with the latest software advancements efficiently and effectively, empowering them to focus their efforts on new services that drive their businesses forward.”
All of Vantiva’s DOCSIS gateways ship with RDK-B as the default software stack. Vantiva’s RDK-V STBs are deployed with leading NSPs across the globe. 
Achieving more than 125 million RDK devices shipped is the latest strategic milestone in Vantiva’s ongoing commitment to providing open and innovative technologies for customers and operators around the world. Vantiva’s goal is to bring seamless connectivity and premium entertainment experiences to consumers by creating best-in-class CPE and partnering with the most innovative companies in the connected home ecosystem. 
ContactsVantiva Press Relations     [email protected]   
Thatcher+Co. for [email protected] 
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Artificial Intelligence

Ambient Intelligence Market Size to Grow USD 185.5 Billion by 2032 at a CAGR of 25.7% | Valuates Reports

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BANGALORE, India, May 13, 2024 /PRNewswire/ — Ambient Intelligence Market is Segmented By Component (Hardware, Software, Service), By Technology (Bluetooth Low Energy, RFID, Ambient Light Sensor, Software Agents, Affective Computing, Biometrics, Others), By End User (Residential, Retail, Healthcare, Office Building, Automotive, Others).

The Global Ambient Intelligence Market was valued at USD 19.2 Billion in 2022, and is projected to reach USD 185.5 Billion by 2032, growing at a CAGR of 25.7% from 2023 to 2032.
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Major Factors Driving the Growth of Ambient Intelligence Market:
The market for ambient intelligence is expanding rapidly thanks to a number of important considerations. The need for ambient intelligence solutions is primarily being driven by the growing integration of smart technology into common things, together with improvements in IoT (Internet of Things) and AI (Artificial Intelligence). Market expansion is further accelerated by the growing global adoption of smart home and smart city projects. Furthermore, the adoption of ambient intelligence systems is fueled by the increasing need for individualized user experiences and seamless connection across a variety of industries, including healthcare, retail, and automotive. Together, these elements are fueling the market for ambient intelligence, which is expected to revolutionize how humans interact with our surroundings.
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TRENDS INFLUENCING THE GROWTH OF THE GLOBAL AMBIENT INTELLIGENCE MARKET: 
By redefining patient care and experience, ambient intelligence hardware combined with affective computing technology in the healthcare sector is driving the growth of the ambient intelligence market. With the use of affective computing, medical professionals may monitor mental health issues, gauge patient moods, and customize treatment regimens by analyzing physiological signs such as voice tonality and facial expressions. Hardware with ambient intelligence, including sensors and smart devices integrated into medical settings, makes data collecting and interpretation easier and improves patient involvement and professional decision-making. Affective computing and ambient intelligence together enhance healthcare outcomes and stimulate the market by encouraging creativity and efficiency in the provision of healthcare services.
The market for ambient intelligence is expanding due to the growing need for smart home automation solutions. By adding smart technologies that automate chores and adjust to their needs, homeowners want to improve comfort, convenience, and energy efficiency in their houses. Voice-activated assistants, lighting control systems, and smart thermostats are a few examples of ambient intelligence technologies that provide seamless automation and connection, spurring market growth and acceptance in the smart home space.
Ambient intelligence solutions are becoming more and more popular because of the need for individualized user experiences in a variety of industries, such as retail, healthcare, and entertainment. Ambient intelligence systems anticipate user wants, preferences, and behaviors by utilizing data analytics, machine learning, and context-aware computing. This allows them to provide customized experiences that increase user pleasure and engagement. This customized strategy increases market growth by cultivating brand distinction and consumer loyalty in addition to enhancing user experiences. The aging population and the rise in chronic illness rates have made ambient assisted living technologies more important, which has fueled the healthcare industry’s growth in the ambient intelligence market.
The market is expanding as a result of rising consumer adoption of ambient intelligence technologies and their advantages in everyday life. Customers are more likely to embrace ambient intelligence solutions in other areas of their lives when they see the efficiency, convenience, and personalization that these solutions provide in a variety of domains, such wearables, smart homes, and linked autos. Additionally, as smart gadgets and digital assistants proliferate, customers become more acquainted with ambient intelligence principles, which facilitates wider acceptance and market growth.
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AMBIENT INTELLIGENCE MARKET SHARE:
Due to a variety of factors, including the early adoption of modern technologies, the presence of several important companies in the ambient intelligence vendor market, and the significant digitization of different industries in the area, North America held the biggest market share for ambient intelligence in 2022.
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Key Companies:
Siemens AGHoneywell International IncBioIntelliSenseAccel RoboticsABB GroupJohnson ControlsNuance Communications, Inc.INFOSYS LIMITEDSchneider ElectricEyeris Technologies, Inc.Purchase Chapters: https://reports.valuates.com/request/chaptercost/ALLI-Auto-4W582/Ambient_Intelligence_Market
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