digital marketplace
/ˈdɪdʒɪtəl ˈmɑːrkɪtˌpleɪs/ · dig·i·tal mar·ket·place
noun
- An online platform that enables the exchange of goods, services, or digital assets between buyers and sellers. The startup launched a digital marketplace that connects freelance designers with small‑business owners.
- A broader ecosystem of web‑based services that support transactions, payments, and logistics for e‑commerce activities. Regulators are scrutinising the digital marketplace to ensure consumer‑data protection.
Synonyms
online marketplacee‑commerce platformvirtual marketplaceweb marketplaceinternet marketplacedigital bazaare‑marketonline bazaar
Antonyms
Did you know? The phrase “digital marketplace” entered mainstream business vocabulary after Amazon introduced its third‑party seller platform in 2000, and it was later codified in a 2005 FTC report on online commerce.