Ecommerce Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

Description

Ecommerce Market size is valued at USD 11.73 trillion in 2021 and is expected to reach USD 21.27 trillion by 2028, at a CAGR of 14.5% during the forecast period 2022-2028. The action of purchasing and selling things over the internet or through online services is known as electronic commerce (e-commerce). The act of selling items and services directly to customers is known as retailing. To make a profit, it is done through a number of sales methods. Retail E-Commerce, on the other hand, refers to the online sale of goods and services. B2B (business-to-business) and B2C (business-to-consumer) sales of goods and services may be included. To capture Internet sales, companies must change their business strategies, which may entail the construction of distribution channels such as warehouses, websites, and product delivery centers. Effective distribution channels are crucial in retail e-commerce when they are the means via which the product is delivered to the customer. It comprises employing websites, applications, portals, and other platforms to digitise the entire shopping experience, including product browsing, comparison, selection, payment, and order placement. Food, footwear, clothing, personal care, and beauty items are among the commodities that are being purchased online rather than in brick-and-mortar stores because of the advantages of e-commerce. As individuals become more digitally adept and use the internet, convenience shopping is getting increasingly popular. With increased internet penetration in developing countries, the number of individuals using the internet to buy goods and services through E-commerce is on the rise. Customers can shop online from the convenience of their own homes using any device, such as a PC, tablet, or smartphone, to select, compare, buy, and have things and services delivered to any location they desire. The distance between the experience of buying in brick-and-mortar stores and purchasing on Ecommerce has narrowed thanks to the introduction of user-friendly applications and user interfaces. this report studies global Market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, The global Ecommerce Market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global Ecommerce Market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities).

Recent Market Developments:

In September 2019, Alibaba Group Holding Limited acquired NetEase’s import e-commerce platform Kaola for approximately US$2 billion to gain a competitive edge in the e-commerce industry

In May 2018, Walmart entered inked an agreement to acquire 77% stake of Flipkart for $16 billion to expand its services in India