Report Ocean has released a research study titled “E-commerce Market .” This study offers precise economic forecasts, global assessments, and country-level insights. It provides a comprehensive view of the competitive market and includes an in-depth supply chain analysis to identify significant industry changes. The study explores the current market status, anticipated future growth, technological advancements, investment opportunities, market economics, and financial data. It thoroughly examines the market and offers insights based on a SWOT analysis of the industry.
E-commerce Market is valued approximately at USD 9 trillion in 2019 and is anticipated to grow with a healthy growth rate of more than 14.7% over the forecast period 2020-2027. The
E-commerce mainly deals with purchasing and selling of goods and services, or the transferring of funds or data, over an electronic platform, mainly the internet. It can be conducted over smartphones, tablets, or computers/laptops like a digital version of mail-order catalog shopping. It can make available a range of good or services, including consumer products, books, music, flight tickets, and financial services.
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This technology further provides the organization an easier reach for the consumers, and thus essential acquaintance to business is also attained, thereby reinforcing market growth worldwide. Furthermore, the rise in penetration of internet and smartphone in developed and developing countries, increasing importance of online marketing tools such as Google and Facebook ads, and surging number of small and medium enterprises on online platforms are the few factors responsible for the CAGR of the market during the forecast period. According to Statista, the number of internet users in the United Kingdom was around 62.09 million in 2016, which is expected to rise with 95% by 2021. Similarly, as per Cisco, western Europe’s mobile was 6.5% of total internet traffic in 2016, and it will be 12.2% of total internet traffic by 2021. While the mobile data traffic will grow 6-fold during 2016-2021, at a compound annual growth rate of roughly 41%. Thus, the rise in proliferation of internet is likely to promote the growth of E-commerce market all over the world.
Major market player included in this report are:
Alibaba Group Holding Limited
Dell Technologies, Inc.
Flipkart Pvt. Ltd.
Gome Electrical Appliance Holdings Ltd.
Sunning Commerce Group Co. Ltd.
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- The e-commerce market has undergone exponential growth, revolutionizing the retail landscape globally by enabling businesses to buy, sell, and transact online, driven by technological advancements, changing consumer behaviors, and increased internet penetration.
- E-commerce encompasses a wide range of online transactions, including retail sales of goods and services, digital products, business-to-business (B2B) transactions, online marketplaces, and mobile commerce (m-commerce) through smartphones and other devices.
- Key drivers of the e-commerce market include the convenience of shopping from anywhere at any time, a wide variety of product choices, competitive pricing, ease of comparison, and the availability of personalized shopping experiences.
- Retailers, small businesses, and multinational corporations have shifted focus to e-commerce platforms to reach wider audiences, expand their market presence, reduce overhead costs, and offer seamless shopping experiences across multiple channels.
- The COVID-19 pandemic accelerated the growth of e-commerce as lockdowns and social distancing measures compelled consumers to rely more on online shopping, leading to a surge in demand for e-commerce platforms and contactless transactions.
- The integration of advanced technologies like artificial intelligence (AI), augmented reality (AR), virtual reality (VR), and machine learning into e-commerce has enhanced personalized recommendations, virtual try-ons, and improved customer engagement.
- Challenges in the e-commerce market include cybersecurity threats, data privacy concerns, logistics and supply chain complexities, last-mile delivery challenges, and the need for seamless omnichannel experiences.
- Continuous innovations in logistics and fulfillment solutions, adoption of blockchain for secure transactions, sustainability initiatives, and improving user experiences drive the evolution of the e-commerce market.
- The future of e-commerce is promising with the continued proliferation of mobile commerce, advancements in voice commerce, emphasis on sustainability practices, and the growth of emerging markets in e-commerce adoption.
- As consumer preferences continue to evolve, the e-commerce market is expected to grow further, necessitating ongoing adaptation, innovation, and the development of strategies that prioritize customer-centric experiences, convenience, and security in online transactions.
The detailed segments and sub-segment of the market are explained below:
By Model Type:
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Rest of the World
Table of Contents:
- Executive Summary
- Market Overview
- Market Analysis
- Market Size and Forecast
- Market Trends
- Market Dynamics
- Market Segmentation
- Competitive Landscape
- Competitive Scenario
- Key Players
- Regional Analysis
- Regional Market Overview
- Market Size and Forecast by Region
- Product/Service Analysis
- Product/Service Overview
- Market Size and Forecast by Product/Service
- End-User Analysis
- End-User Overview
- Market Size and Forecast by End-User
- Industry Structure
- Key Findings and Recommendations
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