Technological Advancements propel Global E-commerce Market
E-commerce is reviving the marketplace in modern era. It is gaining popularity on the backdrop of offering enhanced customer experience which includes different positive attributes such as availability of choices, door step delivery and easy return policies. Different factors including increased internet penetration, availability of variety of payment methods and contactless technologies positively contribute in the growth of the global E-commerce market. An intelligence report titled, “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)” is the source of all the stated insights. This report is the latest addition to Market Research Hub’s ever growing repository.
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Global E-commerce market is expected to grow at 32.4% CAGR during the forecast period 2029-2024. The global market is anticipated to attain a value of USD 34.2Tn by the end of forecast period.
Robust customer support enhances e-commerce market
Consumer electronics segment is known to own the largest global E-commerce market share. A slew of factors including easy returns, robust customer support and abundant choices provide upper hand to online shopping over the physical stores. The auto accessories segment is anticipated to witness growth with highest CAGR during the forecast period. Wholesale e-commerce market was estimated to be the owner of largest market share in the year 2018 and is expected to maintain its dominance during the forecast period.
E-commerce market of Asia Pacific is predicted to grow with highest CAGR during the forecast period on the backdrop of concentrated presence of major stake holders including JD.COM and Alibaba in the region. Advanced technologies such as internet of things, artificial intelligence and data analytics are utilized by key players to enhance supply chain management and real-time tracking.
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Major stake holders profiled in global e-commerce market include Amazon, JD.COM, Walmart Inc., Expedia Group, The Home Depot, eBay Inc., Alibaba Group, Booking Holdings Inc., Otto Group and Costco Wholesale Corporation.
Global e-commerce market: Report Synopsis
Quantitative and qualitative assessment exhort intelligence and overarching report on the Global e-commerce market. Further, the report thoroughly delineates various aspects of the market that will potentially have considerable influence on the development of the Global e-commerce market. As such, those aspects incorporate drivers, trends, restraints, and opportunities. Furthermore, the report elucidates segregation of the market that provides an exhaustive analysis on e-commerce.
An insightful and deep-dive assessment of the competitive assessment of the Global e-commerce market pins hope on Porters’ Five Force Analysis. Accordingly, the Porters’ Five Force Analysis offers a pressing analysis on the potential strategies of the preeminent players in the Global e-commerce market. In addition, the business strategies counts on company overview, product portfolio, SWOT analysis, key differentiation and recent development.
Global e-commerce market: Research Methodology
Primary sources and secondary sources propel intelligence report on Global e-commerce market that provide deep dive analysis on the market. As such, the report provides reliable and unbiased projections, and assessments which have palpable impact on the market size and historical data. Besides, the report also counts on primary sources which hinges upon in-depth and intelligent analysis from well-grounded and reliable experts, telephonic interview, and a thorough assessment from surveys and seasoned analyst.
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