A Digital Marketplace is an online platform where buyers and sellers can connect to trade goods and services. These marketplaces facilitate transactions by providing a space for vendors to showcase their products and for consumers to browse and purchase items conveniently. Examples of digital marketplaces include Amazon, eBay, and Etsy.
In a digital marketplace, users can often find a wide variety of products, from electronics to handmade crafts. The platform typically handles payment processing and may offer features like customer reviews and ratings to help users make informed decisions. This model has transformed traditional shopping by making it accessible from anywhere with an internet connection.