The marketplace industry is growing rapidly. The COVID-19 pandemic has accelerated the growth speed. Michael Keenan has published a research report saying that 2 years ago, 17.8% of purchases were made online. The percentage of online buying is hoped to run at 21%. The US marketplaces have brought 67.7 billion in revenue and are forecasted to get $1,329,7 in 2025. The growth is 42% over 4 years. So, the figures show that building a marketplace is definitely a good idea.
Types of Marketplaces
The marketplaces are distinguished into several types based on who acts as a vendor or a client:
- E-commerce ft M-commerce
- Business-to-business
- Business-to-customer
- Customer-to-customer
- Multivendor
Marketplace Development Roadmap
Research
We encounter a new project with research and estimation. We dig up the target audience and draw up a marketing campaign. After that, we shift to workflow planning and the documentation draft.
Design
The designers get the marketplace development going. The design is sketched in stiff accordance with the client’s requirements and preferences. The ready-made mockup is reviewed by the client. The client may hand the mockups back for improvements or approve them. Once it is approved, the mockup comes alive in user-friendly and fascinating UX/UI.
Code
Next goes the development itself. It’s dd to mention, we deal with code writing. The technology we use to build a marketplace: react, React Native, JS, Typescript, Redux, Next.js, Express, Strapi, MongoDB.
QA and testings
Once the code is finished, the app is tested to make sure it’s free of bugs. We test usability, performance, design, etc. If flaws are spotted, the app is turned back to the developers for code fixing. And then, the app undergoes testing again.
That’s it?
Once the app is built, it’s being dropped to the stores. But the work doesn’t finish here. We keep supporting and maintaining it. Also, put forward the Store optimization and post-launch marketing services to help the client to get around with the newly developed marketplace
What Also We Have to Offer?
As a strong marketplace development services provider, Celadon stands for transparency and flexibility. Flexible everything (I mean not just work schedule but also coding, practice, and support) and open processes without hidden things and surprises facilitate a smooth and comfortable partnership. The broad technology stack, constant learning, and success care serve the marketplaces to get off the ground. Last but not least, we care about clients’ success and let them stay in control of every sprint in the marketplace development process.