With digital transformation taking the center stage, organizations have to adopt innovative software solutions to remain competitive. Using mobile and web applications, it is possible to automate workflows, improve consumer engagement, and save costs. In this regard, the demand for IT services is growing. Gartner predicts that global IT spending will reach $4.5 trillion in 2022, rising by 5.1% from 2021. The COVID-19 pandemic accelerated digitization, encouraging businesses to build software...

When aiming to make a website like Airbnb and generate revenue, it is crucial to plan out a budget and estimate the timeline necessary to launch a product. In addition, an organization needs to research competitors to discover their strong and weak sides. To create a quality solution and achieve success, you should partner with a trustworthy marketplace development company that will provide assistance in prioritizing features and choosing a technology stack. This article considers how to...

Online marketplace development is a time-consuming process that requires investment. To launch a marketplace, a software engineering firm has to create at least three modules—that can be considered as separate apps—to fulfill the needs of vendors, customers, and platform owners. Thus, it is important to conduct competitor analysis, research the target audience’s pain points, and prioritize features. By implementing only the key functionality necessary to address user issues, an organiz...

The demand for online marketplace platforms is rapidly increasing. Although many people believe that marketplaces are only about e-commerce websites, they can comprise any business domain. The key idea is to connect product or service providers with customers in one place while enabling online payments. E-learning, healthcare, insurance, online booking, freelancing, and other marketplaces have been witnessing fast growth over the past years, especially during the COVID-19 pandemic. According...