According to IMARC Group’s latest report, titled “E-Commerce Market Growth: Industry Trends, Share, Size, 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:
Rapid urbanization, improving income levels, and the increasing preference for a hassle-free shopping experience are among the key factors bolstering the market growth. In addition, the integration of e-commerce platforms with artificial intelligence (AI)-enabled chatbots and voice assistants is contributing to the market growth. Moreover, e-commerce technology helps optimize the experience of the user and predict customer behavior for targeted advertising and delivery of services as per the requirement of the user. This, in confluence with the rising sales of smartphones, is expected to influence the market positively.
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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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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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