According to a new report published by K D Market Insights, titled, “Price Comparison Websites Market Insights, Trends, Opportunity & Forecast, 2020–2025,” the global price comparison websites market size is anticipated to witness moderate growth during the forecast period i.e. 2020-2025.

Price comparison websites enable users to save substantial amount of money by guiding them to choose the cheapest products. Apart from a wide range of benefits for consumers, for suppliers these sites offer opportunities to reach new customers. This is one of the major factors that are attracting suppliers to make their product related information available on price comparison websites. Moreover, the market is also expected to experience growth due to the rising number of smartphone users and the increased internet penetration across the globe. Price comparison websites collect data at one place, which enables consumers to compare products before buying and also save considerable amount of time. This factor is anticipated to provide lucrative opportunities for the growth of the global price comparison websites market during the forecast period.

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The Asia Pacific region is expected to account for the largest share in the market during the forecast period. This can be attributed to the high adoption of smartphones, laptops and rapid digital transformation especially in India and China. North America is mature but still a growing market and hence it is expected to follow Asia-Pacific market in terms of market share. North America region is also estimated to show significant growth during the forecast period owing to the presence of well-established market players in this region especially in the U.S.

According to end use industry, the retail segment is anticipated to contribute the highest revenue share in the market during the forecast period. Reason for the dominance of the retail segment is the growing adoption of price comparison websites by consumers for comparing retail products and rising awareness among consumers about the availability of comparison websites. Moreover, the travel and tourism segment is expected to attain the highest CAGR during the forecast period of 2020-2025.

The global price comparison websites market is segmented into product type, end use industry and region. Based on product type, the market is bifurcated into products and services. Based on end use industry, it is classified into insurance, retail, electronic, travel & tourism, energy and others. The insurance segment is further categorized into motor insurance, travel insurance and home insurance.

The global price comparison websites market is analyzed across North America (U.S. & Canada), Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Indonesia, Thailand, Australia, New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of Latin America) and Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, and Rest of Middle East & Africa).

Key Insights of Price Comparison Websites Market

  • On the basis of end use industry, the retail segment is anticipated to contribute the highest revenue share in the market during the forecast period.
  • On the basis of end use industry, the travel and tourism segment is expected to attain the highest CAGR in the market over the forecast period of 2020-2025.
  • On the basis of region, Asia Pacific is expected to account for the largest share in the market over the forecast period.

Some of the major price comparison websites companies profiled in the report include Google Shopping, Shopping.com, PriceGrabber, Become, Shopzilla, Bing Shopping Campaigns, Amazon Sponsored Products, Bizrate, ShopMania, Camelcamelcamel and ShopSavvy.

Request/View TOC –https://www.kdmarketinsights.com/toc/191

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KD Market Insights offers a comprehensive database of syndicated research studies, customized reports, and consulting services. These reports are created to help in making smart, instant, and crucial decisions based on extensive and in-depth quantitative information, supported by extensive analysis and industry insights.

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