E-commerce Market 2020-2024 In-Depth Analysis by Key players | Infibeam Avenues Ltd., Info Edge (India) Ltd., Thomas Cook (India) Ltd., BigTree Entertainment Pvt. Ltd., Flipkart Internet Pvt. Ltd.

The report provides information and the advancing business series information in the sector to the exchange. The report gives an idea associated with the advancement of this market development of significant players of this industry. An examination of this E-commerce market relies upon aims, which are of coordinated into market analysis, is incorporated into the reports.

Increased adoption of smartphones and access to the Internet, along with streamlined logistics infrastructure are the key factors driving the growth of the e-commerce market in India. The market is forecasted to expand at a compound annual growth rate (CAGR) of ~18.15% to reach a value of INR 10,494.38 Bn by 2024, from INR 3,550.70 Bn in 2018. The Indian government is proactively embracing and leveraging e-commerce digital platforms to transform and organize traditional offline markets through the Digital India initiative.

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This part of the report includes detailed information of the market in different regions. Each region offers different scope to the market as each region has different government policy and other factors. The regions included in the report are North America, South America, Europe, Asia Pacific, and the Middle East.

Top leading companies of the global market are:

Infibeam Avenues Ltd.

Info Edge (India) Ltd.

Thomas Cook (India) Ltd.

BigTree Entertainment Pvt. Ltd.

Flipkart Internet Pvt. Ltd.

Jasper Infotech Pvt. Ltd.

MakeMyTrip (India) Pvt. Ltd.

One97 Communications Ltd.

People Interactive (India) Pvt. Ltd.

Amazon India Ltd.

Market segment insights:

Based on product categories, the Indian e-commerce market can be segmented into online travel, online retail, online financial services, online matrimony and classified, and other online services segments.

The online travel segment held the highest market share in 2019. Improved air and rail connectivity, coupled with growing number of Internet users in tier II and tier III cities has boosted the online travel market. Moreover, government initiatives to promote tourism such as Athiti Devo Bhava and Incredible India have attracted international travelers in India, which has had a positive impact on market growth. Companies including MakeMyTrip, Goibibo, IRCTC, Clear trip and Yatra.com are leading the players in the online travel market in India.

By 2024, the online retail market is expected to dominate the e-commerce market in India and reach a value of INR 4289.64 Bn, expanding at a CAGR of ~20.22%. In this segment, demand for electronics products was the highest, followed by apparels and home furnishing products, in 2018. Deep discounts offered by e-retailers in the form of cashback offers, and buyback schemes have driven the market for online retail in India. Moreover, growing appetite for international brands, especially for apparels, has also positively affected market growth. In the online retail space, companies such as Amazon, Flipkart and Snapdeal are the major players.

The online financial services market in India is expected to be the fastest growing segment, expanding at a CAGR of ~33.55% during the forecast period. An increase in the number of mobile wallet and digital transactions, coupled with the proliferation of high-speed Internet has propelled the adoption of online financial services among consumers, thereby fueling market growth. Furthermore, lucrative discounts, free coupons and cashbacks offered by companies like Paytm, Google Pay, Mobikwik and PhonePe have attracted more consumers to use digital financial services during payment for bills like telephone, and electricity.

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Key Highlights points of E-commerce Market:

1) Competitive study of the major E-commerce market players will help in analyzing the market driving and business strategies.

2) Analysis of necessary trends impacting to build-up of the market.

3) The deep research study of market based on development opportunities, growth limiting factors and feasibility of investment will forecast the market growth.

4) Analysis of trending factors will be influencing the Market shares in next few years.

5) Establish business expansion plans by referring to substantial growth and projection of emerging markets.

6) The report elaborates on the product sales, revenue accumulated, price patterns, and gross margins.

Furthermore, the study provides a comprehensive overview of regional distribution and the overview of product types in the market. It explains how key companies and mid-level manufacturers are making a profit within the E-commerce industry. In short, the report on E-commerce is an esteemed source for both the individuals as well as the businesses as it provides detailed SWOT analysis and new project investments feasibility study.

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