siliconindia | | July 20194Thanks to the increasing use of smartphone users, better network connectivity, improving security measures and ease of doing business, e-Commerce industry is picking pace world over. Following the suite, online auction is creating a firm ground for itself and the global online auction market is forecasted to grow at a CAGR of 7.2 percent during the period 2018-2022. With the flexibility it provides to the bidders in terms of place and time, the industry is finding place among government organizations as well. On the other hand, reverse bidding is also gaining momentum, helping create a level playing field for all the stakeholders. Also, no middlemen further add value to the entire process, as you do not need to share the profits with them as commission. When implemented as an advanced procurement strategy, online auction increases business efficiency and significantly increases savings. Though the concept is still nascent in the country, the world now has married it with AI to serve the best. In its first, Ireland has sold a property via an online real-time auction run by an artificial intelligence based auctioneer. We have years to catch-up within months. Addressing this growing market, siliconindia Magazine presents `10 Most Promising Online Auction & Bidding Companies ­ 2019'. The issue features some of the most eminent names from the industry offering the most secured bidding services to various industries, from arts, raw materials, real estate, to chemicals and others. Read to know more about their offerings.Do let us know what you think! Anamika SahuManaging Editoreditor@siliconindia.comEditorialTime for the Sleeping Giant to Wake Upsiliconindia Vol 07 · Issue 12 - 7 · July 05, 2019 Publisher Alok Chaturvedi Managing Editor Anamika Sahu Associate Editor Susila Govindaraj Editorial Team Ananth.V Avinash Roy Imelda Tarzarina Srrayvinya OLM Sujith Vasudevan Trisha Pragya VP - Sales & Marketing Virupakshi Pattar Advertising Managers Editorial queries editor@siliconindia.com To subscribe Visit https://www.siliconindia.com/subscribe/ or send email to subscription@siliconindia.com Cover price is Rs.150 per issue. Printed and Published By Alok Chaturvedi on behalf of SiliconMedia Technologies Pvt Ltd and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017. Editor Alok ChaturvediCopyright © 2019 SiliconMedia Technologies Pvt Ltd, All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.advertise@siliconindia.com Visualisers Veena R Piddannavar Vetrivel Group Art DirectorAshok KumarNoidaAshu Sethi Garima Anand Circulation Manager Magendran Perumal Ashwini D Naik Felisha Rita Sanjana Mohanty
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