India E-commerce Market Share, Forecasts Analysis, Key Players and Growth Strategies

5.9.2023: India E-commerce Market expected to grow at a CAGR of 31.13% through 2021 to 2029, reaching nearly USD343.90 Bn.

India E-commerce Market Report Scope and Research Methodology

Report Scope:

The "India E-commerce Market Report 2023" provides a comprehensive overview of the rapidly evolving E-commerce landscape in India. It covers market dynamics, research methodology, drivers, restraints, and regional insights, offering valuable insights for market research and analysis.

Research Methodology:

This report employs a rigorous research methodology that includes in-depth data collection, analysis, and interpretation. It leverages both primary and secondary research sources to provide a holistic view of the India E-commerce market.

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What are E-commerce Market Dynamics?

India is quickly becoming a society that is more technologically advanced. A number of variables, such as the push for e-governance, the proliferation of smartphones, greater Internet access, digital payment, favourable demographics, and legal reforms, are driving the market. In addition, the e-commerce market is anticipated to rise due to improved data affordability, consumption growth, and innovative financial products, whether it be in e-Retail, travel, consumer services, or online financial services.

The government programmes Digital India, Skill India, Start-up India, and Make in India are all assisting in the growth of the e-commerce sector. Beyond tier I cities, India's first wave of metro consumers has increased thanks to e-commerce. It is now used by millions of residents in tier II and tier III cities. The regulation of e-commerce is handled by a number of organisations and laws. New internet banking regulations were recently released by the Reserve Bank of India. The Ministry of Electronics, Information, and Technology (MeitY), which created intermediary norms, also recognised e-commerce under the IT Act. The creation of more inventive business models is hampered by regulatory frameworks that are too prescriptive and are built on an understanding of current business models.

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E-commerce Market Segmentation?

Market segments include BFSI, Cloud service providers, Social media platforms, Content owners, Logistics providers, IoT devices, Advertisers, Search engines, Internet service providers, and MSMEs based on the end-users. In India, the number of internet users is exponentially increasing. Nowadays, almost every house, person, and company has access to the internet. There are now numerous public and private sector telecom goliaths operating in India, each of which provides specialised internet solutions. Internet service providers in India have a long history of offering their clients high-quality services that are tailored to their demands and financial capabilities. Through the contract cycle, E-commerce activity can be expanded thanks to the Internet and WWW, enabling new providers to electronically serve new customers.

The market is divided into E-travel, E-Retail, Online Financial Services, Online Consumer Services, and Digital Content based on the operation. By 2029, the E-Retail sector is anticipated to have the greatest market share. Flipkart, Amazon India, and Paytm Mall are predicted to lead a 32% increase in e-retail sales in India during the projection period. The most popular online shopping category is electronics, which has a 48% share, followed by clothing, which has a 29% share.

Who are E-commerce Market Key Players?

• eBay
• Amazon
• Phone pay
• Google
• Flipkart
• Snapdeal
• Jabong
• Myntra
• Paytm
• MakeMy Trip
• Nykaa
• Limeroad
• Shopclues
• Naaptol Online Shopping Pvt. Ltd
• Yepme -Vas Data Services Pvt Ltd
• Tata Cliq
• Cleartrip.com

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Regional Insights:

North India emerges as a dominant region in the India E-commerce market during the forecast period. Online retailers like Snapdeal, Amazon, Flipkart, and others are experiencing significant revenue growth in this region. The unique fashion sensibilities of the northeast contribute to increased demand for branded fashion accessories and apparel online.

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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