Global E-Commerce Market
Global E-Commerce Market (2019-2024) Share, Scope, Revenue, Trends, Drivers, Challenges, Segmentation based on Product Category (Consumer Electronics, Food, and beverage, travel and hospitality, Apparel and accessories, Health and beauty, Auto accessories, Others) Channel (Retail, Wholesale) and Geography (North America, Asia Pacific, The Middle East, and Africa, Europe, and Latin America)
E-commerce is reshaping the modern marketplace by offering better shopping experiences to customers, such as the availability of choices, easy return policies, and door-step delivery services. Increased Internet penetration, the introduction of different types of payment methods like electronic wallets, online payment apps, and other contactless technologies, and social media are some of the major factors driving the market growth. The global e-commerce market is projected to expand at a CAGR of 32.4% and will reach a value of USD 34.2 Tn by 2024.
Segmentation based on product category:
The consumer electronics segment holds the largest market share and is predicted to expand at a CAGR of XX% during the forecast period. Policies like easy returns, enhanced customer support, and an abundance of choices are making consumers prefer online shopping over brick and mortar stores for buying electronic gadgets. The auto accessories segment is anticipated to have the highest CAGR during the 2019-2024 period.
Segmentation based on the channel:
The wholesale e-commerce market held the largest market share in 2018 and is expected to have the highest CAGR during the forecast period. Across regions, e-commerce platforms are focusing on enhancing their business to business transaction capabilities, to facilitate bulk merchandise purchasing procedures for retailers, for their registered businesses. Leading e-commerce giants like Amazon and eBay are improving their wholesale e-commerce services by providing features like pay-by-invoice, approval workflows, and multi-user accounts to help business customers.
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Regional insights:
The e-commerce market in the Asia-Pacific region is projected to expand at the highest CAGR during the forecast period, owing to the presence of a number of major players in the region, like Alibaba and JD.COM. Companies are continuously reshaping the e-commerce landscape in the region by utilizing advanced technologies like the Internet of Things, data analytics, artificial intelligence, and machine learning to enhance the agility of the supply-chain to facilitate real-time tracking, quick responses to customers’ queries, and flexible adjustments in production.
Companies covered:
Chapter 1. Executive summary
Chapter 2. Introduction
Chapter 3. Global ecommerce market – based on product category
Chapter 4. Global ecommerce market – based on channel
Chapter 5. North America ecommerce market
Chapter 6. Europe ecommerce market
Chapter 7. AsiaPacific ecommerce market
Chapter 8. Latin America ecommerce market
Chapter 9. The Middle East and Africa ecommerce market
Chapter 10. Competitive landscape
Note: Similar information areas have been being covered for the remaining competitors
Chapter 11. Conclusion
Chapter 12. Appendix
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