Global eCommerce Market Size Analysis and Forecast till 2024
Added: (Wed Oct 25 2017)
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Due to better English proficiency rate, Asia-Pacific region is experiencing the economic revolution. Asia Pacific is the most opportunistic geographical segment for entry level players looking for perennial business opportunities in E-Commerce market. However, brand value of big market players is a major hindering factor for market entrants.
Switching to online shopping portal, integrating the practice into their regular shopping by researching purchases online before buying in store, smart phone and tablet penetration, transparent public feedback facilities, offers consumers a wider competitive selection of goods and services as well as more choice and increase in e-household expenditure trend tends to bolster the eCommerce market. Ecommerce has a good market in Argentina, Mexico, Brazil and Chile steadily beating Europe ecommerce market owing to penetration of internet and smartphone users in Latin America. The global eCommerce market size reached around USD 22.1 trillion in 2016 and is expected to grow at a CAGR of 18.6% over the forecast years. Global eCommerce retail market valued USD 2.24 trillion in 2016 and is expected to reach the valuation of USD 5 trillion by 2024 owing to inflexion in online shopping among consumers.
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• By Company Type
• Pure Marketplace (Grofers, Big Basket)
• Hybrid Marketplace (Amazon)
• Brand (Godrej)
• Retail Chain (Wal-Mart)
• By E-Commerce Option
• Online Order for Home Delivery
• Virtual Supermarket
• Online Order and Pick-up Inside the Store
• By Category
• Personal Care Products
• Household Products
• Food & Beverage Products
• By Geography
• North America (US, Canada)
• Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe)
• Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa)
• Latin America (Brazil, Mexico and Rest of Latin America)
• Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific)
• Rest of the World
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The Pacific Tigers Are Coming
Many MNC’s are moving huge sections of their departments such as human resources and accounting to shared service centers in Malaysia and the Philippines and with rise in educated population digital proficiency also rises, for instance, Indonesia tops as the country with the highest digital buyer increase with 31%.
Business etiquette and consumer habits are the strong keys to open the lock of Brazilian market while India’s ecommerce growth rate is also the highest in the world owing to heavy investment in top ecommerce website development along with consistently the country is improving in education and breaking out of traditional patterns.
“Global E-Commerce Market Outlook 2024” contains detailed overview of the global E-Commerce market in terms of market segmentation by company type and end user industry.
Further, for the in-depth analysis, E-Commerce market report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.
Global E-Commerce market report also provides competitive outlook for some of the major players which includes profiling of companies such as Alibaba, eBay, Flipkart, Myntra, Rakuten, Amazon, JD.com, Apple, Xiomi, Dell, Suning, Wal-Mart, Google, PayPal, ASOS.com, Barnes & Noble, Best Buy, Costco, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents comprehensive synopsis on the global E-Commerce market trends that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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