Press release
Central Asia E-Commerce Market 2023, Industry Size, Trends, Share, CAGR of 39.11% and Forecast to 2028
Central Asia E-Commerce Market
What are the growth prospects of the Central Asia E-commerce industry?
The Central Asia E-commerce market size reached US$ 8.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 66.8 Billion by 2028, exhibiting a growth rate (CAGR) of 39.11% during 2023-2028.
What is an E-commerce?
Electronic commerce or e-commerce refers to transactions of goods and services that allow individuals and firms to buy and sell things over the internet. These transactions can be managed over a smartphone, tablet, or laptop, which also presents itself in the form of a digital mail-order catalog. Furthermore, online retail stores are gaining immense traction, particularly among the millennial population, for a hassle-free shopping experience. These factors are expected to impact market growth in the near future.
Download free sample of the report: https://www.imarcgroup.com/central-asia-e-commerce-market/requestsample
What are the major market drivers in the Central Asia E-commerce market?
The Central Asia e-commerce market is primarily driven by improving cross-border trade activities. The market is also facilitated by the accession of Kazakhstan to the World Trade Organization (WTO), creating commercial transparency while expanding the consumer base. The increasing penetration of the internet and smart devices across Tajikistan, Kyrgyz Republic, Georgia and Turkmenistan is also propelling the market growth. Moreover, the integration of e-commerce platforms with various advanced technologies, such as artificial intelligence, machine learning, cloud computing, has also escalated e-commerce across the region. E-commerce offers numerous benefits such as improved economic efficiency, narrowed development gaps, new jobs, and increased inclusiveness. It also promotes cross-border paperless trade, lowers transaction costs, reduces illicit financial flows, and promotes a digital global economy.
Central Asia E-Commerce Market Segmentation:
The report has segmented the market on the basis on region, product type, transaction and service type.
Breakup by Product Type:
Home Appliances
Clothing and Footwear
Books
Beauty and Personal Care
Groceries
Others
Breakup by Transaction:
Business-to-Consumer
Consumer-to-Consumer
Business-to-Business
Others
Breakup by Service Type:
Financial
Digital Content
Travel and Leisure
E-Tailing
Others
Breakup by Country:
Kazakhstan
Uzbekistan
Turkmenistan
Kyrgyzstan
Tajikistan
Who are the Major Central Asia E-Commerce Market Key players?
The report provides a detailed analysis of the market leaders, including.
Air Astana, AliExpress, Amazon.com Inc., Arba.uz, ChocoFamily Holding, eBay Inc., eSavdo, Kaspi Magazin, Kolesa.kz, Lamoda.kz, OLX Group, Sulpak, Svetofor, Technodom.kz and Wildberries.
Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/central-asia-e-commerce-market
If you want latest primary and secondary data (2023-2028) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and novel processing methods are at the top of the company's expertise.
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