Retail E-Commerce Market 2023 Driving Factors Forecast Research 2029

The global retail e-commerce market is anticipated to grow at a significant CAGR of 9.1% during the forecast period. E-commerce has transformed the way business is done. The retail landscape has deeply changed during the time of the pandemic and even after. The rapid rise in e-commerce and movement restrictions induced by COVID-19 increased online retail sales is the key factor propelling the growth of the market. For instance, according to the United Nations Conference on Trade and Development, the share of total online retail sales from 16% to 19% in 2020. Moreover, the fluctuation of the COVID-19 pandemic and the ways it influences consumers' shopping habits will likely continue into the foreseeable future.

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COVID-19 has adversely affected the global economy, and the global economy was struggling due to the pandemic. Due to lockdown and government restrictions, people were forced to stay indoors and no physical movements were observed. However, The digital economy boomed during the COVID-19 pandemic. As people embraced social distancing, consumers turned to online shopping more than ever before. Moreover, Retailers stepped up to the challenge, not just by supporting more online sales, but by embracing emerging technologies that created connections with shoppers or made their customer experience more convenient.

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• Market Coverage
• Market number available for - 2023-2029
• Base year- 2022
• Forecast period- 2023-2029
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

Global Retail E-Commerce Market Report Segment
By Product
• Groceries
• Apparels & Accessories
• Footwear
• Personal & Beauty Care
• Furniture & Household Décor
• Electronic Goods
• Others

By Type
• Pure Market Place
• Hybrid Market Place

Global Retail E-Commerce Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa

The Report Covers
• Market value data analysis of 2021 and forecast to 2028.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global retail e-commerce market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.

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