A typical marketplace model consists of buyers and sellers with the platform acting as a means to connect both. Marketplaces do not generally own any supply, do not provide products or services directly, and (eventually) handle the money being exchanged. Simply put, a marketplace provides a platform where the supply and demand efficiently find each other and transact successfully. Some of the major marketplaces in the world are
Fig: Major marketplaces in the world
Marketplaces are hard to build. During the initial phase of a marketplace, there is neither supply nor demand available. At Mindbowser, we work with entrepreneurs to not only guide the technology but also build the right business strategy with the support of our marketplace development services. Launching a marketplace requires building the two sides of the platform. On one side, you have to onboard the customers and on the other, the vendors.
A marketplace allows vendors to bring out their products and services in front of their targeted customers. The multi-vendor platform can offer ample choices to the customer and a high volume growth to vendors. The best part about marketplaces is the network effect. This means more buyers lead to more sellers, leading to more buyers, and so on, the cycle continues. Once such a system sets in, it becomes hard to compete and it creates a great advantage for a company.
Fig: How does a marketplace work?
According to the business need, we can design and develop intuitive, appealing and secure features for retailers, vendors, and buyers. Our online marketplace development services come with a holistic feature set not only covering the obvious features such as transactions and payments but also the fringe yet important features such as tracking, automation, reviews etc. Irrespective of the marketplace application type, marketplaces require multi-user roles and related features.
Fig: Anatomy of a marketplace platform
We totally understand the dilemma of choosing a great team! That’s why we have a simple yet predictable model that helps you at every stage of the process.
Fig: Stages of e-commerce development
Advanced technologies open up further opportunities in the marketplace ecosystem. Solutions in Machine Learning, AI, Predictive analysis etc help create better experiences and data-backed decision making. As a marketplace platform development company, we use these evolving technologies to help our customers succeed.
Mobile apps enable companies to create more opportunities for engagement with push updates, reminders, data-driven solutions, and even data collection. We help you build mobile apps that streamline your customer touchpoints, help accelerate process implementation with higher availability and simplify communication through video and audio communication.
Data Science helps you to analyze real-time data and process information to create a better and faster ecosystem. Using Data science we offer to build you data dashboards, scraping algorithms, and automation scripts.
Our product development offerings can transform your idea into reality and provide the required knowledge, expertise, and commitment. Our specialized domain hardware, software, and production engineers help at every stage of the product advancement to deliver a high-quality product.
Cloud Computing can help you to create better availability and accessibility for your platform. Our Cloud offering helps you set the development pipeline, availability, and backup of the system.
Machine Learning can help you make use of the data to streamline the process, reduce errors and improve results. From recommendation systems to web scraping as well as predictions, Machine learning is to the rescue. As an online marketplace development company, we offer full-fledged ML teams to help you make the most out of your data.
Robotic process automation acts as a toolset to accelerate the way businesses function, leaving tedious, repetitive, iterative tasks for bots and building opportunities for efficiently leveraging the workforce. With RPA, we offer to automate your tasks related to parsing data, scraping information, and automate tasks.
At Mindbowser, we have been building marketplaces for 10+ years taking care of every aspect of the marketplace from idea to execution. Our Marketplace Development Services has helped numerous startups launch their ideas. Backed with a great design team and having competence in advanced technologies, we offer a 360-degree service to our customers.
Experience in building highly scalable solutions in marketplace platforms
Complete in-house team with designers, developers, and testers
Understanding of GDPR, PCI etc compliances
UX led development approach resulting in user friendly products
Expertise available in Machine Learning, Data Science and Automation
Help you build a launch strategy for your marketplace app
Complementary dashboard to monitor logs, performance and security
One-click deployment process with automated code review
Read our blogs to Get in depth knowledge in marketplace development services.
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