Glossary of Terms

What is a Service Marketplace?

Service Marketplace Definition

A service marketplace is a digital platform that connects service providers with consumers. From freelance writers to personal trainers, these marketplaces cater to a wide range of services and allow users to easily find the right provider to meet their needs.

It's a win-win situation for both parties as service providers get access to a broader audience, and consumers get a hassle-free way to find the perfect service provider. As our lives move more and more into the digital world, services marketplaces are becoming increasingly prevalent and are changing the way we find and consume services.

Service Marketplace Definition

Related terms

A B2B (business-to-business) marketplace connects buyers and sellers of products or services for wholesale transactions.
A digital marketplace is a platform where various digital products are bought and sold.
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