Torry Harris has been cited among notable vendors in Forrester's 2023 report on the 'Marketplace Development Platforms Landscape'
Torry Harris Digital Products (THDP) has been cited by Forrester Research in the “The Marketplace Development Platforms Landscape, Q4 2023” report.
According to the report, Forrester believes platform business models will ultimately shape the strategies and economics of every industry. Marketplace technology enables businesses to adapt to changing customer demands effectively. These platform business models allow merchants to transfer the responsibility of product listing and merchandising to the vendors.
Marketplace development platforms empower businesses to offer products from third parties, digitize and unify their distribution networks, and bundle digital service subscriptions. Forrester describes the marketplace opportunity as a model that connects buyers, sellers, and their partners within a specific market space, optimizing collaboration among them. The report emphasizes that marketplaces provide long-term value creation, focusing on operating in a value-capture mode rather than just a sales mode.
To remain flexible in the future, merchants must design their products to be easily embedded and distributed across multiple channels, which is crucial for adopting platform business models. Torry Harris Digital Products is a pioneer in innovative digital product development, emphasizing flexibility, advanced technology, result-oriented strategies, and a strong sense of ownership. THDP specializes in creating solutions that are not only advanced but also highly adaptable, utilizing an API-first approach and headless architecture to ensure seamless integration into diverse IT environments.
We believe that Forrester’s recognition is a testament to our commitment to delivering comprehensive solutions that drive significant business outcomes, rather than just individual products.
For the complete report, please visit Forrester’s website (access requires a subscription or purchase).
