Europe Digital Marketplace Market is predicted to reach USD 163.67 Billion by 2030

According to the study by Next Move Strategy Consulting, the Europe Digital Marketplace Market size is predicted to reach USD 163.67 billion, at a CAGR of 7.7% by 2030.

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Technological innovation and adoption serve as primary drivers of the online marketplaces in Europe. With the continent being home to several tech-savvy nations and a strong digital infrastructure, there's a conducive environment for the growth of digital marketplaces.

The incorporation of AR and VR technologies into online marketplaces, significant opportunities arise within the market. Through the utilization of AR and VR, digital marketplaces offer users enhanced and immersive shopping experiences.

The UK's dominance in the digital marketplaces market is fueled by the widespread ownership of smartphones in the region.

The key players operating in the Europe 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.