India E-retail market Top Key Players – Amazon, Flipkart, Alibaba, Nykaa, BookmyShow, Snapdeal, Jabbong, 1mg, First Cry, Big Basket

The E- Retailing market in India has enjoyed robust growth of almost 55 per cent for the last six years. Though e‐commerce has been around in the last fifteen years, the pertinent factors are now finally in place to drive the E Retailing market ahead. Nonetheless, the technological advancement in the Internet‐enabled handheld devices has made them abundantly available.

E-retail or online retail is defined as retailing activities done through the internet. We have many online or e-retailers in India who provide a variety of merchandise to customers. In general retail business is referred to as Business to Consumer (B2C).

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E – RETAIL MARKET DYNAMICS

E-commerce is expanding steadily in the country. Customers have an increasing choice of products at competitive rates. E-commerce is probably creating the biggest revolution in the retail industry, and this trend will continue in the years to come.

India has more than 1 billion mobile and broadband subscribers as of January 2021. This penetration of the internet coupled with the increasing confidence of the internet users to purchase online, has led to an enormous growth in the e-commerce space, with an increasing number of customers registering on e-commerce websites and purchasing products through the use of mobile phones.

E – RETAIL MARKET SEGMENTATION

The Indian Market of E Retail can be segmented into following categories for further analysis.

By Product Application
• Food and Beverages
• Personal and Household
• Apparel and Footwear
• Furniture
• Toys and Products
• Electronic and Household
• Other product categories

By Approach Integration Type
• Business to Business
• Business to Consumer
• Consumer to Consumer
• Consumer to Business
• Business to Business to Consumer

By Browsing Channel / Access Type
• Desktop / PC
• Laptop
• Tabs
• Mobile Devices
• Website based Device Access
• Application Based device access

By Payment Mode usage Type
• Card Payments
• Digital Wallet
• Bank Transfers
• Internet banking
• COD – Cash on Delivery
• Other Payment Modes

By Regional Classification
• Western Region – India
• Eastern Region – India
• Southern Region – India
• Northern Region – India

RECENT MARKET TECHNOLOGICAL TRENDS IN RETAIL SEGMENT

The Recent integration of the technological advancements of artificial intelligence and other components alongside the visual technologies of motion and sensors has increased the retailing segment in recent years, with better presence and virtual reality-based experience being created for the customers. Thereby it can be seen that the various technological inclusions within the industry has increased its reach and is trying to boom the industry through its viability of approach.

The future of the e-commerce delivery system is expected to be focused not on a specific address, but on an individual person and their expected location and time. Pinpoint shipping, as this is referred to, would embed sophisticated AI.

COMPETITIVE LANDSCAPE

India’s e-commerce ecosystem includes well-known international businesses such as Amazon, the American online giant that has been active in India since 2013. Big Basket is the country’s largest online supermarket and has more than 18,000 products. Flipkart is the Bangalore-based e-commerce pioneer that was purchased by Walmart for US$16 billion in 2018.

The Major competitors to Amazon in the E Retailing segment includes Flipkart which is a proud tackling E Commerce giant of India, with a focused shift on provisioning availability of products with limited interference throughout the country. The organization has aimed itself to operate on all corners of the country, with its major focus on supply chain management and distribution spread of products.

COMPANIES PROFILED

Amazon
Flipkart
Alibaba
Nykaa
BookmyShow
Snapdeal
Jabbong
1mg
First Cry
Big Basket

Read More Information: https://mobilityforesights.com/product/india-e-retail-market/

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This release was published on openPR.