Global E-Commerce market size is projected to reach US$ 47.73 Trillion by 2030, according to the publisher. Over the few years, E-commerce has promptly geared its popularity thanks to the ease and simplicity in changing the items and services throughout distinctive regions in the arena. There are 2.14 billion eCommerce shoppers out of around 8 billion people globally. Like different market segments, the retail sector is also witnessing great revolution thanks to the continued digitalization, and the arrival of Abstract advanced technology. Global e commerce marketing is becoming an critical element of companies strategy, in which, it contributes signi?cantly to the monetary improvement of a country. The amalgamation of information and communications technology concept in the corporations have brought about a revolutionization of relationships among people and companies as nicely as within the companies. Advancements and incorporation of technology such as arti?cial intelligence and big information standards, in companies offers mass customization, growth in quantity of capacity consumers, along with more desirable productivity, and sales generation of the general corporations.Global E-commerce Market turned into valued at US$ 18.98 Trillion in 2022
Global E-commerce market is growing at a CAGR of 12.22% from 2022 to 2030
The e commerce global market is predicted to witness surge in increase due to wide variety of different elements such as developing Internet services with hello-pace bandwidth, extraordinary mobile penetration, market stability, product personalization and localization alongside with declining Internet expenses. Additionally, growth in seamless and uninterrupted Internet offerings is predicted to boost the on-line shopping publicity of consumers thereby favorably impacting the normal E-commerce market growth. In maximum of the markets, the customers are shifting their shopping desire in the direction of online structures, in evaluation to the brick-and-mortar options. This can specially be attributed to the truth that those modes provide varied range of products, notable consumer convenience wherein, those offer seamless services to the customers.In addition to these, the online buyers nowadays, emphasize on the factors such as assurance and quicker shipping in their purchase choices, and e-commerce caters to those necessities of the customers. Apart from bene?ts offered by means of the e-commerce area to the stores, it is strategically very important for the ?rms to position themselves in the market, if you want to cater to the converting competitive state of affairs. Due to the lower value of verbal exchange and infrastructure, hooked up companies and massive organizations are gravitating closer to online industry. E-commerce permits the enterprise to attain out to consumers extra effectively, resulting in crucial exposure to the firm. Online advertising tools inclusive of Google classified ads Instagram, wechat and Facebook commercials additionally drive global e-commerce market growth. Global E-commerce market turned into valued at US$ 18.98 Trillion in 2022.
B2C E-commerce zone continues to thrive, poised for sustained growth and transformation in the years beforehand
By Model Type, Global E-commerce market is segmented into Business to Business and Business to Consumers. Business-to-client (B2C) e-commerce is undeniably the quickest-developing phase in the global e commerce market. This fast expansion can be attributed to several key elements. The good sized net penetration and extended smartphone usage have empowered customers to store on line with no trouble. Secondly, the COVID-19 pandemic improved the shift to digital buying, with customers who prefer the protection and comfort of online transactions.Additionally, B2C E-commerce offers a sizeable array of products and services, from fashion and electronics to groceries and enjoyment, catering to various customer needs. E-tailers continuously innovate, improving the person revel in via personalized suggestions, smooth payment options, and efficient shipping services.
Apparel and accessories command the highest market share in the global e-commerce panorama
By Product Categories, Global E-commerce market is segmented into Auto and Parts, Food and Beverage, Apparel and Accessories, Health and Personal Care and Beauty, Computer and Consumer Electronics, Office Equipment and Supplies, Toys and Hobby, Furniture and Home Furnishing, Books/Music/Video and Other. Apparel and add-ons reign best in the global E-commerce market, securing the very best market share. This dominance may be attributed to an ideal fusion of style, comfort, and the ever-evolving virtual panorama. Shoppers global locate the appeal of digital aisles stocked with contemporary clothing, shoes, and add-ons impossible to resist. The ease of browsing, comparing prices, and getting access to an array of brands from the comfort in their homes has fueled this fashion. Additionally, modern sizing charts, virtual strive-ons, and trouble-unfastened return guidelines have in addition boosted the attraction of online apparel purchasing. As the fashion industry continuously adapts to the net realm, it is obtrusive that clothing and accessories will maintain their stronghold because they are the frontrunners in the e-commerce market global.In the imminent years, virtual wallets are poised to dominate the global E-commercemarket with the best market revenue
By Payment Methods, Global E-commerce market is segmented into Digital Wallet, Credit Card, Debit Card, Account-to-Account (A2A), Buy Now, Pay Later (Bnpl), Cash on Delivery, Prepay and Other - Incl. Crypto foreign money. In the approaching years, digital wallets are expected to become the dominant force in the global e-commerce industry, both in the term of market share and revenue. This transformation is driven via remarkable convenience, allowing customers to make rapid, stable, and contactless transactions across diverse on line systems.With the expected rise in mobile device penetration, the compatibility of digital wallets with UPI transactions becomes more apparent. Their seamless integration with smartphones and the development of biometric authentication mechanisms makes them attractive great again. The continued expansion of the e-commerce ecosystem and the growing acceptance of digital currencies both contribute to the anticipated rise in digital wallet acceptance and consequent readiness to restructure the economy, and ultimately achieve e- commerce sales in the coming years.
Rising reputation of on-line purchasing ended in an increase in the number of online consumers within the China
By Countries, Global E-commerce market is segmented into United States, India, China, Canada, United Kingdom, Russia, Germany, Spain, Italy, Netherlands, Norway, Sweden, Switzerland, Brazil, Australia, Japan, Saudi Arabia, UAE, South Africa, Argentina, France, Indonesia, Korea, Turkey, Israel and Rest of World. China populace drives the world's biggest E-commercemarket, which has swiftly developed due to high internet and smartphone usage, developing patron agree with in online buying, emergence of e-commerce platforms, and various charge options.Alipay and WeChat Pay, prominent alternative pay solutions, thrive with Alipay dominating Alibaba's e-commerce platforms and WeChat Pay leveraging its social media person base. As Chinese consumers increasingly undertake e-commerce, these payment techniques will continue to grow. Additionally, low-cost shipping offerings, facilitated by using China's migrant hard work pressure, permit JD.Com and Alibaba Group to offer nationwide same-day delivery, similarly propelling the market's enlargement.
Key Company
Rakuten, Inc, Amazon.Com, Inc., Alibaba Group Holding Limited, Walmart Inc., eBay Inc., Zalando SE, Otto Group and JD.Com, Inc agencies are working in the global E-Commerce market.The report titled 'Global eCommerce Market By Model Type (B2B, B2C), Product Categories [Auto and Parts, Food and Beverage, Apparel and Accessories, Health and Personal Care and Beauty, Computer and Consumer Electronics, Office Equipment and Supplies, Toys and Hobby, Furniture and Home Furnishing, Books/Music/Video and Other], By Payment Methods (Digital Wallet, Credit Card, Debit Card, Account-to-Account (A2A), Buy Now, Pay Later (Bnpl), Cash on Delivery, Prepay and Other - Incl. Crypto currency), by Countries (United States, India, China, Canada, United Kingdom, Russia, Germany, Spain, Italy, Netherlands, Norway, Sweden, Switzerland, Brazil, Australia, Japan, Saudi Arabia, UAE, South Africa, Argentina, France, Indonesia, Korea, Turkey, Israel and Rest of World) Companies (Rakuten, Inc, Amazon.com, Inc., Alibaba Group Holding Limited, Walmart Inc., eBay Inc., Zalando SE, Otto Group and JD.com, Inc)' captures a detailed analysis of Global eCommerce Market and gives an all-encompassing study of the key growth drivers and restraints.
Model Type: This report covers the ecommerce market in 2 viewpoints
1. B2B - Business to Business2. B2C - Business to Customer
Product: This report covers the ecommerce market in 10 viewpoints
1. Auto and Parts2. Food and Beverage
3. Apparel and Accessories
4. Health and Personal Care and Beauty
5. Computer and Consumer Electronics
6. Office Equipment and Supplies
7. Toys and Hobby
8. Furniture and Home Furnishing
9. Books/Music/Video
10. Other
Digital Payment: This report covers the ecommerce market in 8 viewpoints
1. Digital Wallet2. Credit Card
3. Debit Card
4. Account-to-Account (A2A)
5. Buy Now, Pay Later (Bnpl)
6. Cash on Delivery
7. Prepay
8. Other - Incl. Cryptocurrency
Country: 27 Countries ecommerce Market is Covered in the Report
1. North America
1.1 United States1.2 Canada
2. Latin America
2.1 Brazil2.2 Mexico
2.3 Argentina
3. Europe
3.1 United Kingdom3.2 France
3.3 Germany
3.4 Spain
3.5 Italy
3.6 Netherlands
3.7 Norway
3.8 Sweden
3.9 Switzerland
3.10 Russia
3.11 Turkey
4. Asia Pacific
4.1 India4.2 China
4.3 Japan
4.4 Indonesia
4.5 Korea
4.6 Australia
5. Middle East & Africa
5.1 Saudi Arabia5.2 UAE
5.3 Israel
5.4 South Africa
6. Rest of the World
All the company analysis has been covered in the report from 3 viewpoints
- Overview
- Recent Development
- Sales Analysis
Key Companies Covered
1. Rakuten, Inc2. Amazon.com, Inc.
3. Alibaba Group Holding Limited
4. Walmart Inc.
5. eBay Inc.
6. Zalando SE
7. Otto Group
8. JD.com, Inc.
Table of Contents
1. Introduction2. Research Methodology3. Executive Summary10. Global Number of Internet Users
4. Market Dynamic
5. Global E-Commerce Market
6. Market Share Analysis - Global E-Commerce Market
7. Product Categories - Global E-Commerce Market
8. Payment Methods - Global E-Commerce Market
9. Countries - Global E-Commerce Market
11. Porter’s Five Forces
12. SWOT Analysis
13. Company Analysis
List of Figures
List of Tables
Companies Mentioned
- Rakuten, Inc
- Amazon.com, Inc.
- Alibaba Group Holding Limited
- Walmart Inc.
- eBay Inc.
- Zalando SE
- Otto Group
- JD.com, Inc.
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 350 |
| Published | September 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 18.98 Trillion |
| Forecasted Market Value ( USD | $ 47.73 Trillion |
| Compound Annual Growth Rate | 12.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 8 |
