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At present, digitization is the key that has transformed the entire process of our daily lives. With increased online platforms, users are getting convenience in using smartphones to get their job done instantly. Like many other business sectors, the online auction is getting widespread popularity among users. The emergence of the online auction has put an end to the tedious, and time-consuming traditional auctions. If you find it hard to believe, then I'll ley you know the recent stats and data about online auction platforms.

Recent Statistics on online auction

In 2021, 59% of Millennials are heading to online auction platforms to sell or bid the product or service.

It’s estimated that by the year 2030, 80% of auction process will take place in online.

Today, about 71% of people trust online auction system over traditional bidding process.

81% of people prefer online auction platforms to get immediate response to their questions regarding bidding or sales.

46.5% of the sellers believe that utilizing the online auction platforms increases their sales and profits.

So, the above-mentioned data clearly shows the growth of online auction platforms and how it has set the benchmark in the online classifieds industry. So, if you are an entrepreneur looking to uplift your online business, it would be a smart idea to build an online auction platform. Appkodes Joybid is a ready-to-use auction script that has amazing inclusions like dynamic filter options, instant chat option, instant auction setup option, key product insights, you can instantly launch your online auction platform. Therefore, get set to start your online auction business with our astounding auction script. Get auction script with up to 50% offer. Hold your horses! Offer starts from 1st December 2021.

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