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 that platform business models will ultimately define the strategy and economics of every industry.” Marketplace technology allows businesses to evolve in tandem with changing customer demands. Platform business models allow the merchant to shift the responsibility of listing and merchandising onto the vendor. Marketplace development platforms allow businesses to offer items from third parties, digitize and unify their distribution networks, and bundle digital service subscriptions.

In the report, Forrester states that the marketplace opportunity is, “…a platform business model that connects buyers, sellers, and their partners in a specific market space or via a specific model that optimizes their collaboration.” According to Forrester, “Marketplaces offer longer-term value creation (i.e., to operate in a capture-value mode, not just a sell mode) and the option to move away from relying solely on your product margins.” Merchants need to design their products to be embedded and distributed via multiple channels in order to have future flexibility with platform business models.

Torry Harris Digital Products is a pioneer when it comes to innovative digital product development. Its approach is centered around flexibility, progressive technology, result-oriented strategies, and a strong sense of ownership. THDP specializes in creating solutions that are not just advanced, but also highly adaptable, employing an API-first approach and headless architectures to ensure its products integrate seamlessly into diverse IT environments.

We believe Forrester’s recognition is a testament to our dedication to delivering not just products, but comprehensive solutions that drive significant business outcomes.

Read the complete report on Forrester’s website (access requires a subscription or purchase).