The global cross-border e-commerce market is expected to grow significantly due to the rapid expansion of the e-commerce industry and the growing popularity of foreign products across the globe.

The rapid urbanization and globalization, high digital adoption, and increasing usage of smartphones and tablets are the primary elements driving the growth of the global cross-border e-commerce market during the forecast period. Furthermore, the rapid growth in international e-commerce and growing international opportunities for e-commerce businesses will fuel the growth of the cross-border e-commerce market globally. The technology advancements in connectivity and increasing strength of logistics and delivery management companies will further stimulate the growth of the global cross-border e-commerce market during the forecast period, 2021-2027.

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Platform Type Overview in the Global Cross-Border E-commerce Market
Based on the Platform, the global Cross-Border E-commerce market is segmented into Business-to-Business, Business-to-Consumer, and Consumer-to-Consumer. The Business-to-Business (B2B) segment dominated the global cross-border e-commerce market in 2020 and continued this dominance during the forecast period. Cross-border e-commerce is considered the key to expanding business and is helping many small and big retailers expand their businesses into different countries. The rising income in foreign countries has increased the demand for imported goods, resulting in an increase in the business-to-business e-commerce market across the globe.

Product Overview in the Global Cross-Border E-commerce Market
Based on the Product, the global Cross-Border E-commerce market is categorized into Food and Beverages, Personal Care, Consumer Appliances, Smartphones and Allied Products, Fashion and apparel, and others. The smartphone and allied product segments are expected to grow significantly in the global cross-border e-commerce segment during the forecast period. The high demand for smartphones and increasing import and export of smartphones have increased the cross-border e-commerce market across the globe. Furthermore, the shifting preference of students towards e-learnings due to COVID-19 restrictions has increased the demand for smartphones, tablets, and laptops, resulting in the rapid growth of the cross-border e-commerce market.

Regional Overview in the Global Cross-Border E-commerce Market
The global cross-border e-commerce market is categorized into North America, Europe, Asia Pacific, South America, and Middle East & Africa based on geography. The Asia Pacific region is expected to generate the largest share in the global Cross-Border E-commerce market during the forecast period. The rapid growth in the import and export of foreign goods, increasing presence of small and medium enterprises, and increasing international trading are the primary factors driving the overall growth of the cross-border e-commerce market. Furthermore, China and India have a significant share of the Asia-Pacific e-commerce industry due to their growing urban population, rising disposable income, strong penetration of internet and mobile commerce in the countries. Moreover, it is estimated that India and Australia combined have registered an import of USD 2.76 Billion of fashion/apparel and other household goods from the USA in 2020, which is expected to increase during the forecast period.

Global Cross-Border E-commerce Market: Competitive Landscape
Companies include Depop Limited, eBay Inc., ThreadUP Inc., Alibaba Group, Etsy Inc, Amazon.com, Asia Commerce, AliExpress.com, Mercari Inc., StockX, The RealReal Inc., and Vinted players in the Cross-Border E-commerce market.

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