Technavio has forecasted a CAGR of 12.36% in the Online Auction Market between 2023 and 2028, with an anticipated growth of USD 3,076.64 million. One of the key driving factors is the growing preference for online platforms over traditional auction methods, thanks to their flexibility and ease of use. The auctioning of government surplus assets online is also contributing to this trend. The market spans across regions like North America and Europe, with product categories including collectibles, electronics, and artistic goods. The report highlights opportunities for businesses to tap into this evolving landscape.

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