The global eCommerce Industry accrued earnings worth approximately 11.04 (USD Trillion) in 2021 and is predicted to gain revenue of about 28.02(USD Trillion) by 2028, which is set to record a CAGR of nearly 14.8% over the period from 2022 to 2028.
The global Ecommerce Industry accrued earnings worth approximately 11.04 (USD Trillion) in 2021 and is predicted to gain revenue of about 28.02(USD Trillion) by 2028, is set to record a CAGR of nearly 14.8% over the period from 2022 to 2028. The study provides assessment and analysis of the Ecommerce Industry on a global & regional level. It offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2021 along with a forecast from 2022 to 2028 based on revenue (USD Trillion).
Ecommerce Industry: Overview
In competitive marketplace, e-Commerce offers low risk and huge avenues for penetrating global markets. Furthermore, it helps customers in differentiating brands & enhancing customer loyalty. Moreover, online purchase & sell of products will offer retailer an opportunity to have insights into consumer purchasing pattern through captured consumer data. This, in turn, will help retailer target potential customers with help of data patterns & trends. In view of increase witnessed in tech-savvy consumers, online channels and customer touch points can supplement existing online presence of end-users along with facilitating retailer for quickly testing as well as exploring newer markets. Reportedly, D2C or direct to consumer ecommerce offers best opportunities for new brands to create direct relationships with end-users.
|Historic Years||2016 - 2020|
|Forecast Years||2021 - 2028|
|Segments Covered||By Product Type, By Application, and By End Use|
|Forecast Units||Value (USD Billion), and Volume (Units)|
|Quantitative Units||Revenue in USD million/billion and CAGR from 2021 to 2028|
|Regions Covered||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World|
|Countries Covered||U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others|
|Number of Companies Covered||10 companies with scope for including additional 15 companies upon request|
|Report Coverage||Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.|
|Customization Scope||Avail customized purchase options to meet your exact research needs.|
Ecommerce Industry: Growth Factors
Expansion of e commerce industry in foreseeable future is subject to rise in internet penetration and smartphone use across globe. In addition to this, information about travel & leisure, online content, e-tailing, and financial services is available online on ecommerce sites and this will drive growth of ecommerce business. Furthermore, optimum use of new technologies in online business activities and rise in tech-savvy consumers will open new gates of growth for ecommerce industry. Apart from this, rise in awareness about benefits of ecommerce activities will create new growth dimensions for ecommerce industry in coming years. Moreover, onset of new technologies such as 4G and 5G has enhanced internet speed & connectivity, thereby driving industry trends.
With new network systems offering seamless experience to end-users, ecommerce industry is likely to expand leaps & bounds in coming years. Rise in online shopping activities will pave a way for growth of ecommerce market. Rise in consumer income and purchasing capacity will prop up scope of market growth in foreseeable future. A prominent spread of COVID pandemic has resulted in increase in online purchase of goods, thereby further accelerating industry space.
Ecommerce Industry: Regional Landscape
Asia Pacific Region To Dominate Regional Landscape By 2028
Growth of ecommerce industry in Asia Pacific sub-continent in near future can be due to preference among customers and retailers to make use of B2B tool as an ecommerce platform for performing business activities. Apart from this, presence of strong business infrastructure in countries such as Japan, Singapore, Taiwan, South Korea, India, and China is likely to benefit growth of ecommerce market in region. In addition to this, a large-scale surge in number of internet users in these countries will define expansion of ecommerce business in sub-continent. Rise in B2B deals will culminate into massive demand for ecommerce activities and this will spearhead progress of Asia Pacific ecommerce market. Rise in need of online promotions will boost regional market trends.
Ecommerce Industry: Competitive Landscape
Some of major participants have strongly leveraged growth of ecommerce market and will continue with the trend in upcoming timespan. They are Walmart Inc., Amazon.com. Inc., Apple Inc., Alibaba Group Holding Limited, JD.com, Inc., Flipkart India Private Limited, eBay Inc., The Home Depot, Inc., and Best Buy.
The global Ecommerce Industry is segmented as follows:
By Model Type
Expansion of e commerce industry in foreseeable future is subject to rise in internet penetration and smartphone use across globe.
According to Zion market research report, The global Ecommerce industry accrued earnings worth approximately 11.04 (USD Trillion) in 2021 and is predicted to gain revenue of about 28.02(USD Trillion) by 2028, is set to record a CAGR of nearly 14.8% over the period from 2022 to 2028.
Asia Pacific will contribute sizably towards the global industry revenue over the projected timeline. A massive increase in Ecommerce Industry size in sub-continent in 2022-2028 can be due to preference among customers and retailers to make use of B2B tool as an ecommerce platform for performing business activities.
The key industry participants leveraging business space include Walmart Inc., Amazon.com. Inc., Apple Inc., Alibaba Group Holding Limited, JD.com, Inc., Flipkart India Private Limited, eBay Inc., The Home Depot, Inc., and Best Buy.