E-Commerce Market Size, Share Revenue to Grow At 23.2% CAGR Through 2027

SHARE THIS ARTICLE

According to recent market study published by Nova one advisor Market reports titled, “Global E-Commerce Market Size, Share, Trends Analysis , Opportunity and Forecast, 2021-2027”, the market was valued at US$ 16,240.9 Billion by 2027 and is expected to grow at a moderate growth rate of 23.2% by the year 2027.

The market  Increasing penetration of internet is bolstering the smartphone using population across the world. Digital content, travel and leisure, financial services, e-tailing among others constitute a variety of e-commerce options available to the internet accessing customer base that are gaining momentum with increased internet usage. Hence, technological awareness among customers is expected to have a positive impact on market growth. The growing importance of faster browsing has led to the development in the connectivity, thus leading to development in 4G and 5G technology.

We customize your report according to your research need. REQUEST CUSTOMIZED COPY OF REPORT (Including TOC, List of Tables & Figures, and Chart) @ https://www.novaoneadvisor.com/report/customization/5859

Implementation of 4G and 5G technology for the connectivity purpose is expected to have a positive impact on the market growth as it provides an uninterrupted, seamless experience to the user. Moreover, the adoption of smartphones is gaining momentum at a significant rate, thus increasing the exposure of online shopping for the customer. Therefore, the growing use of smartphones is projected to propel the market growth over the forecast period.

Increasing number of small and medium enterprises is also projected to escalate the demand over the forecast period. Small and medium businesses are growing at a significant rate, especially in India, South Africa, and Russia. Initiatives such as Make in India and Start-up India have led to an increased number of start-ups in the country, which adopt the online marketplace for business, thus powering the market growth.  Moreover, increasing consumer wealth is estimated to propel the market growth over the forecast period.

Established organizations and large enterprises are leaning towards online business due to lesser expenditure in communication and infrastructure. E-commerce offers the organization an easier reach for the customers, and hence necessary exposure to business is also achieved. E-commerce is also driven owing to the increasing importance of online marketing tools, such as Google ads and Facebook ads. Nowadays, the marketing options are in abundance due to the popularity of social media applications, which, in turn, helps in driving the market for e-commerce towards growth trajectories.

The market survey provides compelling insights into important drivers that enable growth. It highlights untapped potential in a variety of industries. For the purpose of the study, the market has been segmented in terms of Model type, And Region. The report presents an incisive view of various factors impacting growth across these categories. Challenges posing threat also are studied in detail.

Apart from underscoring unexplored prospects, the report is intended to prepare businesses for unforeseen challenges in the future. It covers recommendations to help them navigate their businesses through obstacles to continue reporting growth at a sustainable pace.

E-Commerce Market Report Coverage

Report Scope Details
Market Size USD 16,240.9 Billion by 2027
Growth Rate CAGR of 23.2% From 2021 to 2027
Base Year 2020
Forecast Period 2021 to 2027
Historic Data 2017 to 2020
Report coverage Growth Factors, Revenue Status, Competitive Landscape,  and Future Trends
Segments Covered Model type, And Region
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)
Companies Mentioned Amazon.com, Inc.; JD.com, Inc.; Apple, Inc.; Alibaba Group Holding Limited; Flipkart Private Limited; Walmart, Inc.; eBay, Inc.; Best Buy; The Home Depot

COVID-19 Impact on E-Commerce Sales

Businesses today are operating in a dynamic environment. Earlier focus primarily concentrated on keeping pace with changing consumer preferences. COVID-19 outbreak was unprecedented and exposed vulnerabilities of various industries. Pandemic-induces obstacles also were registered in the E-Commerce market.

Sales plummeted as COVID-19 gradually tightened its noose worldwide. Supply-chain disruptions caused massive losses, while demand took nose-dive as consumers remained indoors with affected countries implementing either partial or complete lockdown.

Gradual recovery however is on the cards with the roll out of vaccinations. Nonetheless, consecutive waves of the virus compelled businesses to stay prepared for the worst. As government and healthcare organizations successfully implement steps to contain the spread of COVID-19, industries have begun operations, albeit at a slow and more cautious pace.

Against this backdrop, Nova one advisor’s study predicts gradual recovery for the E-Commerce market 2021 onwards. This trend will however continue through the course of the report’s assessment period

Emerging Nations to Continue Attracting Investments :

The expansion of various industries across India, China, Brazil, and other emerging countries will help the E-Commerce market flourish. Consistent investment towards industrialization and urbanization, as well as the implementation of policies favouring foreign investment, will continue to be major growth drivers.

Expansion initiatives undertaken by various countries will aid the growth of the E-Commerce market. Besides, the easy availability of raw materials and labours at a cheaper cost will attract an increasing number of companies within the E-Commerce market.

Get Full Access of This Research Report@ https://www.novaoneadvisor.com/report/checkout/5859

Some of the prominent players in the E-commerce Market include:  Amazon.com, Inc.; JD.com, Inc.; Apple, Inc.; Alibaba Group Holding Limited; Flipkart Private Limited; Walmart, Inc.; eBay, Inc.; Best Buy; The Home Depot

Unravelling the Critical Segments

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:

  • By Model Type
    • Business to Business (B2B)
    • Business to Consumer (B2C)

The regional segmentation covers:

-North America Region (U.S., Canada, Mexico)

-Europe Region (Germany, UK, France, Russia, Italy, Rest of Europe)

-Asia-Pacific Region (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

-South America Region (Brazil, Argentina, Columbia, Rest of South America)

-The Middle East & Africa Region (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Regional analysis:

Asia Pacific dominated the market for e-commerce with a share of 60.2% in 2020 and is expected to witness the fastest growth from 2021 to 2027. This is attributed to a growing preference among businesses to carry out businesses through the B2B e-commerce platform. Furthermore, developing infrastructure facilities and surging the number of internet users are expected to fuel the regional market growth.

Furthermore, the region is expected to witness a rise in demand for B2B e-commerce adoption, which can be attributed to smartphone proliferation. Additionally, the Chinese market is going through a consumer revolution, wherein international products are taking benefit of innovative marketing, research techniques, and advertising. Brand consciousness is getting more importance in attracting Chinese consumers. Luxury goods and service providers are witnessing significant growth in China.

North America and Europe are anticipated to witness steady growth over the forecast period. U.S. consumers are open to foreign brands and products. They are more aware of overconsumption and the environment. Consumers are very specific about the quality of the product, its composition, and its price. North America has one of the highest internet penetration rates. Middle East and Africa and Latin America are expected to witness significant growth in the forthcoming years owing to the growing young population and rapidly evolving online shopping market.

Key Findings of the E-Commerce Market Study

  • Backed by the presence of well-established industrial infrastructure and willingness to spend on advanced technologies will strengthen North America’s hold in the global market.
  • The Europe market will continue gaining from surging demand in Germany, U.K., Italy, France, and Spain.
  • Investment towards industrialization and favourable policies intended at encouraging foreign investment will drive growth in India and China, sealing Asia Pacific’s position as a highly lucrative market for E-Commerce.
  • In Latin America, the market will gain from surging focus on economic development.

Why Buy this Report?

The purpose of Nova one advisor’s E-Commerce market study is to provide stakeholders with a detailed picture of potential barriers and untapped opportunities. The report contains exclusive information to assist businesses in making informed decisions about how to maintain growth throughout the assessment period.

Some of the key highlights of the report are:

  • E-Commerce Market Demand Outlook – The report offers refined forecasts on potential growth prospects for the market. Based on data derived after thorough research by a team of expert analysis, Nova one advisor presents the most precise rate of growth for the market for the assessment period starting from (start year) to (end year).
  • E-Commerce Supply Chain Analysis – The purpose of the survey is to help companies identify potential scope for supply chain expansion. The study also presents analysis of unprecedented threats.
  • Key Market Segments – To present an exhaustive overview, the global E-Commerce market is segmented in terms of Model type, And Region, and region. Opportunities existing across each of these categories are reflected on to help businesses realize their true potential.
  • Competitive Landscape Analysis – Some of the leading companies operating in the E-Commerce market are profiled in the market study. The report also underscores winning strategies adopted over the last few years and gauges impact of the same on growth trajectory exhibited by the market over the last few years.

Buy Complete Assessment of E-Commerce market Now @ https://www.novaoneadvisor.com/report/checkout/5859

About Us

Nova One Advisor is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Nova One Advisor has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defense, among different ventures present globally.

Contact Us:

Mr. Alex

Sales Manager

Call: +1 9197 992 333

Email: – sales@novaoneadvisor.com

Web – https://www.novaoneadvisor.com/

Flair Insight

Flair Insight covers consultation, syndicated market studies, and customized research reports. We share online news distribution to different portals.

View all posts by Flair Insight →

Leave a Reply

Your email address will not be published. Required fields are marked *