Furthermore, increasing penetration of smartphones, coupled with internet usage, is anticipated to drive the B2B e-commerce segment over the forecast period. The internet has transformed the way people sell and buy goods and services. Initiatives such as Make in India and Start-up India have led to an increased number of start-ups in the country, which adopt the online marketplace for business, thus powering the market growth. E-commerce is not exempt from good business planning and the fundamental laws of supply and demand. E-Commerce: United States E-Commerce: United States This report forecasts to 2024 US e-commerce retail sales in nominal US dollars for electronic shopping (e-shopping) and mail-order houses. Business expansion through strategic partnerships, mergers, and acquisitions remains the premiere strategy of players operating in the e-commerce industry. The global retail e-commerce market size was valued at USD 4.25 trillion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 9.4% from 2020 to 2027. Consumers are very specific about the quality of the product, its composition, and its price. This website is secure and your personal details are safe. For instance, as per the data provided by Emarsys and GoodData, revenue earned is up by 37% and orders are up by 54% since January in U.S. The report will account for Covid-19 as a key market contributor. Get access to essential strategic content, in-depth reports, industry intelligence, and exclusive data. Database Memberships: Our proprietary data establishes the benchmark for digital commerce. E-commerce or online retail is changing the shopping experience for customers. Banks and other players in the e-commerce industry are allowing a safe and secure online platform to pay easily via payment gateway. All interactions are confidential. Our new database memberships let you access the level of information you need. North America has one of the highest internet penetration rates. Avail of the most up-to-date Internet and E-Commerce market research reports, offering comprehensive market segmentation and industry analysis. In 2019, the top global ecommerce market will be China, with $1.935 trillion in ecommerce sales—more than three times greater than the US at No. This market research report segments the e-commerce payment market by type (e-wallets, cards, online banking, and direct debits) and geography (APAC, North America, Europe, South America, and MEA). E-Commerce - UK - Consumer market research report - company profiles - market trends - 2013 Euromonitor International is the leading provider of strategic market research reports. A report added to the rich database of Adroit Market Research, titled “Global E-commerce Market by Product Type, Market, Players and Regions-Forecast to 2025”, provides a 360-degree overview of the worldwide market. Privacy Policy. We never share your personal data. It’s hard to fathom, but China only recently surpassed the US in ecommerce sales in 2013 for the first time. This is attributed to the growing inclination of the companies towards online selling and buying of goods and services. Purchase the E-Commerce in Vietnam country report as part of our internet retailing market research for March 2020. Our support available to help you 24 hours a day, five days a week. E-Commerce Profit Model Market Research Report is a Proficient and In-Depth Study on the Existing State of E-Commerce Profit Model Industry. online dashboard trial. North America and Europe are anticipated to witness steady growth over the forecast period. The global e-commerce market size was valued at USD 9.09 trillion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 14.7% from 2020 to 2027. Get your queries resolved from an industry expert. Let's take a look at our comprehensive report on Vietnam e-commerce market 2017 to find out the market characteristics, consumer behaviors and … Increasing penetration of internet is bolstering the smartphone using population across the world. Sales are segmented by merchandise - Market research report and industry analysis - … This is attributed to a growing preference among businesses to carry out businesses through the B2B e-commerce platform. Luxury goods and service providers are witnessing significant growth in China. The business to business e-commerce comprises the buying and selling of goods and services between business corporations. The "Global Retail E-Commerce Software Market 2020-2024" report has been added to ResearchAndMarkets.com's offering. The marketplace model involves companies selling their products on a common platform alongside their competitors, while the direct model involves companies setting up their private B2B platforms and selling directly to the buyers. The growing importance of faster browsing has led to the development in the connectivity, thus leading to development in 4G and 5G technology. For instance, in September 2018, Flipkart completed its acquisition of Upstream Commerce, an analytics start-up based in Israel. Our report on business-to-consumer e-commerce market in China provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. E-commerce includes internet retailing, home shopping, and direct selling. The report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2016 to 2027. Digital content, travel and leisure, financial services, e-tailing among others constitute a variety of e-commerce options available to the internet accessing customer base that are gaining momentum with increased internet usage. This Report … (*Gold and Platinum plans include different database packages). We’ve tracked thousands of retailers across thousands of metrics for over 10 years to assemble databases that set the standard for the industry. E-commerce is also driven owing to the increasing importance of online marketing tools, such as Google ads and Facebook ads. Established organizations and large enterprises are leaning towards online business due to lesser expenditure in communication and infrastructure. Many players are implementing various strategies to sustain their presence in the market for e-commerce. Some key players operating in the e-commerce market include Alibaba Group Holding Limited; Amazon, Inc.; Apple, Inc.; Dell Technologies, Inc.; Flipkart Pvt. Ltd.; Gome Electrical Appliance Holdings Ltd.; JD.com, Inc.; Macy's Inc.; Otto Group; Sunning Commerce Group Co. Ltd; and Walmart, Inc. b. Nowadays, the marketing options are in abundance due to the popularity of social media applications, which, in turn, helps in driving the market for e-commerce towards growth trajectories. Digital Commerce 360 researchers conducted a months-long, in-depth analysis on the current state and future of the industry that will cross a jaw-dropping $839 billion this year. This acquisition is expected to benefit Flipkart Pvt. Moreover, B2B e-commerce platforms offer companies with new possibilities of buying and selling the products, thus reducing the operational as well as inventory costs. For the purpose of this study, Grand View Research has segmented the global e-commerce market report based on model type and region: Model Type Outlook (Revenue, USD Billion, 2016 - 2027), Regional Outlook (Revenue, USD Billion, 2016 - 2027). 80% of consumers prefer detailed information about purchases and considered this crucial to make buying decisions. For instance, in September 2019, Alibaba Group Holding Limited announced the acquisition of NetEase, Inc., a company offering online e-commerce services. Furthermore, due to the on-going COVID-19 pandemic, customers’ inclination towards online shopping is rising since brick and mortar shops are closed. The country’s population is large and growing, expected to become the world’s third largest by 2050. Avail customized purchase options to meet your exact research needs. Request discounts available for Start-Ups & Universities. Similarly, specialized marketplaces provide value-added services, such as quantity discounts, and multiple payment options. We are in compliance with GDPR & CCPR norms. We are working on understanding the impact of Covid19 on the E-commerce market and the strategies adopted by companies to keep up with the surging demand while keeping their workers safe. Moreover, the adoption of smartphones is gaining momentum at a significant rate, thus increasing the exposure of online shopping for the customer. Technavio has announced its latest market research report titled Business-To-Consumer E-Commerce Market in China 2020-2024 (Graphic: Business Wire) Click & Get a Free sample report … This is anticipated to bolster the segment growth over the forecast period. Title: Global Cross Border B2C e-Commerce Market 2020: Report highlights & methodology sharing Author: Alibaba Research Keywords: Measuring E-Commerce Day The report titled “Global E-commerce Logistics Market - Growth, Share, Opportunities, and Competitive Analysis, 2015 – 2025” offers strategic insights into the global logistics market along with the market size and estimates for the duration 2015 to 2025. The global e-commerce market is expected to grow at a compound annual growth rate of 14.7% from 2020 to 2027 to reach USD 27,147.9 billion by 2027. b. Asia Pacific dominated the e-commerce market with a share of 55.31% in 2019. 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