The latest report by IMARC Group, titled “E-Commerce Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”, offers a comprehensive analysis of the industry, which comprises insights on the global e-commerce market growth. The global market size reached US$ 21.1 Trillion in 2023. Looking forward, IMARC Group expects the market to reach US$ 183.8 Trillion by 2032, exhibiting a growth rate (CAGR) of 27.16% during 2024-2032.
E-commerce has revolutionized the way businesses operate, allowing sellers to reach a global audience and customers to conveniently shop from the comfort of their own homes. With its diverse transaction models like B2B, B2C, C2B, and C2C, e-commerce offers a wide range of opportunities for sellers and buyers alike. For small and medium-sized enterprises (SMEs), e-commerce provides a level playing field, allowing them to compete with larger companies and expand their customer base. Through e-commerce, SMEs can overcome geographical barriers and reach customers in different parts of the world, opening up new avenues for growth and increasing their sales.
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E-Commerce Market Trends and Drivers:
At present, the rising demand for e-commerce among businesses to operate globally and conduct borderless transactions represents one of the primary factors influencing the market positively. Besides this, there is an increase in the online shopping activities among individuals to avail various offers and discounts and avoid traveling to stores. This, along with the growing utilization of numerous online payment apps to make cashless transactions, is offering a favorable market outlook. In addition, the rising availability of various consumer products, along with the increasing occurrence of lucrative sales throughout the year, is contributing to the growth of the market. Moreover, the escalating demand for consumer-based business models to analyze the preferences of buyers and provide them with personalized products is bolstering the growth of the market.
The report has segmented the market into the following categories:
Breakup by Type:
- Home Appliances
- Apparel, Footwear and Accessories
Breakup by Transaction:
Breakup by Region:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Competitors Landscape with Key Players:
- Alibaba Group Holding Limited
- Amazon.com Inc.
- Apple Inc.
- B2W Companhia Digital (Lojas Americanas S/A)
- Ebay Inc.
- Groupon Inc.
- Rakuten Group, Inc.
- Walmart Inc.
- Zalando SE
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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