Asia-Pacific Digital Marketplace Market is predicted to reach USD 510.72 billion by 2030

According to the study by Next Move Strategy Consulting, the Asia-Pacific Digital Marketplace Market size is predicted to reach USD 510.72 billion, at a CAGR of 10.6% by 2030.

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The Asia Pacific region is experiencing rapid digitalization and technological advancements, serving as a significant driver of digital marketplaces.

Another significant driver of digital marketplaces in the Asia Pacific region is the rising middle-class population and increasing consumer spending.

China's dominance in the digital marketplaces market stems from various factors, including the introduction of a 3D-capable shopping app by Alibaba Group Holding’s Taobao within the region.

The key players operating in the Asia-Pacific digital marketplace industry include Amazon.com, Inc., Walmart Inc., eBay Inc., Alibaba Group Holding Limited, Rakuten Group, Inc., Sea Limited, MercadoLibre, Inc., JD.com, Inc., Etsy, Inc., Allegro.eu, Kogan.com, SEEK, Carsales, REA Group Ltd., Airtasker Ltd. and others.