Switching to online shopping portal, integrating the practice into their regular shopping by researching purchases online before buying in store, smartphone and tablet penetration, transparent public feedback facilities, offers consumers a wider competitive selection of goods and services as well as more choice and increase in e-household expenditure trend tends to bolster the eCommerce market.
The global eCommerce market is worth around USD 22.1 trillion in 2016 and is expected to grow at a CAGR of 18.6% over the forecast years. The eCommerce retail market valued USD 2.24 trillion in 2016 and is expected to reach the valuation of USD 5 trillion by 2024 owing to inflexion in online shopping among consumers.
Ecommerce has a good market in Argentina, Mexico, Brazil and Chile steadily beating Europe ecommerce market owing to penetration of internet and smartphone users in Latin America.
The Pacific Tigers Are Coming
Due to better English proficiency rate Asia-Pacific region is experiencing the economic revolution. Many MNC’s are moving huge sections of their departments such as human resources and accounting to shared service centers in Malaysia and the Philippines and with rise in educated population digital proficiency also rises, for instance, Indonesia tops as the country with the highest digital buyer increase with 31%.
Business etiquette and consumer habits are the strong keys to open the lock of Brazilian market while India’s ecommerce growth rate is also the highest in the world owing to heavy investment in top ecommerce website development along with consistently the country is improving in education and breaking out of traditional patterns.
“Global E-Commerce Market Outlook 2024” contains detailed overview of the global E-Commerce market in terms of market segmentation by company type and end user industry.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.
Global E-Commerce market report also provides competitive outlook for some of the major players which includes profiling of companies such as Alibaba, eBay, Flipkart, Myntra, Rakuten, Amazon, JD.com, Apple, Xiomi, Dell, Suning, Wal-Mart, Google, PayPal, ASOS.com, Barnes & Noble, Best Buy, Costco, etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents comprehensive synopsis on the global E-Commerce market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.
Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Backed up by reliable research and impactful statistics, our business solutions empower our clients to grow at a fast pace despite unsettling fluctuations in the market. We believe in vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable to our clients’ needs and business agenda.