According to IMARC Group’s latest report, titled “E-Commerce Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global e-commerce market reached a value of US$ 13 Trillion in 2021. Looking forward, IMARC Group expects the market to reach US$ 55.6 Trillion by 2027, exhibiting at a CAGR of 27.4% during 2022-2027.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Electronic commerce (e-commerce) refers to digital transactions conducted over the internet. It facilitates buying and selling products, providing customer services, online ticketing, and internet banking. It also allows fast and hassle-free delivery of products and services, enables direct communication, and offers a broad geographical reach. As a result, organizations worldwide are relying on e-commerce channels to deliver fashion goods, electronics, travel items, furniture, groceries, and personal care products.
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Market Trends:
The rising internet penetration, and the increasing usage of smart devices, such as smartphones, laptops, and tablets, represent one of the primary factors driving the market growth. Moreover, the market is propelled by the shifting consumer preferences toward online shopping. This can be attributed to the growing popularity of online retail channels among individuals as they provide a hassle-free shopping experience while displaying a wide variety of products at affordable prices. Additionally, due to the spread of coronavirus disease (COVID-19), consumers are rapidly shifting toward online platforms to acquire daily essentials, including food, clothing, and electronics, amid lockdown and social distancing measures. Besides this, the emergence of private-label and direct-to-consumer-based business models is also contributing to the market growth. Furthermore, rapid urbanization, growing consumer awareness towards numerous benefits of e-commerce platforms, and the rising integration of e-commerce platforms with various advanced technologies, such as artificial intelligence, machine learning and cloud computing, are some of the other factors anticipated to propel the market growth in the coming years.
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List of Key Companies Covered in this Market Report:
- Alibaba Group Holding Limited
- com Inc.
- Apple Inc.
- B2W Companhia Digital (Lojas Americanas S/A),
- Ebay Inc.
- Groupon Inc.
- Rakuten
- Walmart Inc.
- Zalando SE
The report has segmented the market on the basis of type, transaction and geography.
Breakup by Type:
- Products
- Home Appliances
- Apparel, Footwear and Accessories
- Books
- Cosmetics
- Groceries
- Others
- Services
- Financial
- Digital Content
- Travel and Leisure
- Others
Breakup by Transaction:
- Business-to-Consumer
- Business-to-Business
- Consumer-to-Consumer
- Others
Breakup by Geography:
- 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
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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