Traditionally, a marketplace is a place where a market operates and goods and services
are exchanged. Rural bazaars, city square markets, street markets, wholesale markets,
and by extension, the modern shopping malls are some examples of traditional marketplaces.
New markets are emerging online with the rapid increase in the Internet access.
The best known example among these marketplaces is eBay, a large, global auction
house for products. The internet has also allowed less common marketplaces to flourish
by connecting buyers and sellers from different locations. The formation of online
marketplaces often occurs quickly in response to social or economic trends. Internet
marketplaces can further be categorized as B2B and B2C marketplaces.
While many online shopping marts exits on the Web whose main function is to sell
products online, web marketplace or internet marketplace is a type of web site where
people can buy as well as sell the products. Web marketplace sites offer the huge
number of products hence they require a range of applications.
Web Marketplace Applications
Typical applications for the web marketplace include email, product listing, product
pricing, products demos, shopping cart, enterprise content management, online transaction
processing, supply chain management, inventory management, and safe payment gateway
systems, among many other custom made applications.
As a dynamic web development company, our services are not limited to developing
normal web pages for normal web sites. We can custom create all kinds of applications
for your business-to-business (B2B) or business-to-consumer (B2C) websites. One
of the main benefits of web marketplace applications is that they make your work
much easier. For example, a B2C company can verify the stock position, sales data
and accounting information at touch of the computer keys, as well as answer to the
customer email queries.