B2C E-commerce Market to Reach US$ 7.0 Trillion by 2028

According to the latest report by IMARC Group, titled "B2C E-commerce Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", The global B2C e-commerce market size reached US$ 4.4 Trillion in 2022. Looking forward, IMARC Group expects the market to reach US$ 7.0 Trillion by 2028, exhibiting a growth rate (CAGR) of 8.1% during 2023-2028.

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B2C E-commerce Industry Outlook:

Business-to-consumer (B2C) e-commerce is an online platform where retailers can sell their products directly to customers. It enables merchants to create an online store where customers can place orders straight from the store and pay for them. It does not include intermediaries, offers global reach, enables trackable marketing, reduced product cost, provides better customer service, and assists in gathering real-time data, hence adopted by numerous sectors, such as cosmetics, books and stationery, home decor, and automobile across the globe. Besides this, it is also implemented by the healthcare sector for providing remote access to medical services and helping healthcare professionals in decision-making.

B2C E-commerce Market Trends:

The penetration of high-speed internet connectivity is driving the global market. Coupled with this, the widespread adoption of smartphones and the proliferation of logistics and delivery companies are contributing to the market. Moreover, the growing popularity of social media has allowed small stores to collaborate with popular online portals, which is acting as another growth-inducing factor.

Besides this, the escalating preference for online shopping due to the enhanced convenience offered by these platforms is creating a positive market outlook. The market is further driven by other factors, such as rapid globalization, inflating disposable income levels of the masses, shifting lifestyle preferences, and rising initiatives toward smart city development.

Explore Full Report with TOC & List of Figures: https://www.imarcgroup.com/b2c-e-commerce-market

Key Market Segmentation:

Competitive Landscape with Key Players:

• Alibaba Group Holding Limited
• Amazon.com Inc.
• ASOS plc
• Booking Holdings Inc.
• eBay Inc.
• JD.com Inc.
• Macy's Inc.
• Makemytrip Limited
• Otto GmbH & Co KG
• Rakuten Inc.
• Walmart Inc.

Breakup by Type:

• B2C Retailers
• Classifieds

Breakup by Application:

• Automotive
• Beauty and Personal Care
• Consumer Electronics
• Clothing and Footwear
• Books and Stationery
• Home Decor and Electronics
• Travel and Tourism
• Others

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

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This release was published on openPR.