Press release
B2C E-Commerce Market is predicted to touch USD 8.0 trillion in 2028, growing at 9.7% CAGR during 2021-2028 | Size, Trends & Forecast
B2C E-Commerce Market
B2C E-Commerce Market was valued at USD 3.8 trillion in 2020 and forecast to touch USD 8.0 trillion in 2028 growing at a CAGR of 9.7%
For Additional Insights, Click to Access Complete Report - https://www.gmiresearch.com/report/b2c-e-commerce-market-analysis-industry-research/
The factors driving the growth of B2C E-Commerce Market includes increasing number of smartphones users around the world, growing trend of online shopping, rising internet penetration rates, hectic lifestyles, and improvements in the living standards. According to the report published by Statista, the number of Internet users across India were estimated around 845 million in 2021 and are expected to reach 1.5 billion users by the end of 2040, which will accelerate the B2C E-commerce Market size in the approaching years. Moreover, growing influence of social media platforms such as Facebook, Instagram, and YouTube, rising adoption of advanced technologies by major companies, increase in the launch of innovative products and rapid urbanization, are some of the additional factors supplementing the Global B2C E-commerce Market. In addition, the increasing investments by major corporations on research and development, strategic mergers, and acquisitions between key industry players, rising disposable incomes and growing population growth rates, are further contributing towards the market growth.
However, growth of the B2C E-Commerce Market is hindered due to high competition and strict regulations imposed by Governments.
The major players operating in the market are Flipkart Internet Private Limited, ASOS, PayPal Holdings, Inc., eBay Inc., Alibaba Group Holding Limited, Craigslist, Inc., OLX, JD.com, Inc., MakeMytrip Pvt. Ltd., and Amazon.com, Inc., among others.
Based on Type, the B2C Retailers segment emerged as the fastest growing segment during the forecast period
Increase in the volumes of mobile transactions, growing popularity of mobile banking, emerging trend of online shopping across the globe and development of smart cities, are some of the factors pushing growth of the segment.
Based on Region, the Asia-Pacific region is anticipated to expand at a remarkable CAGR over the forecast period
Presence of the leading players such as MakeMytrip Pvt. Ltd., Alibaba Group Holding Limited and JD.com, Inc., rising influence of social media platforms across Japan, Singapore and China, rapid urbanization, increasing per capita incomes and high population growth rates, are some of the important factors augmenting the market growth in the Asia-Pacific region.
Key Developments
In 2018, Amazon.com, Inc. partnered with FICCI, a non-government, not-for-profit organization that enables Indian exporters to expand their product sales internationally.
In 2021, AWS developed Amazon Digital Suite for helping to digitalize small and medium businesses in India for purchase exclusively on Amazon.in and Amazon.in/business for both B2C and B2B customers.
Market Segmentation
Segmentation by Type
Classifieds
B2C Retailers
Segmentation by Application
Media & Entertainment
Clothing & Footwear
Books & Stationery
Consumer Electronics
Sports & Leisure
Travel & Tourism
Others
Segmentation by Region
Asia Pacific
China
Japan
India
Rest of APAC
North America
United States of America
Canada
Europe
United Kingdom
Germany
France
Spain
Rest of Europe
RoW
Brazil
South Africa
Saudi Arabia
UAE
About GMI Research
GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.
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