Retail E-Commerce Market Research 2023-2032: Market Size, Industry Trends, Insights And Forecast | The Kroger Co., Walmart Inc., Alibaba Group Holding Ltd., Coupang Corp., Ebates Inc

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Retail E-Commerce Global Market Report 2023 identifies increase in the usage of smartphones as the major driver for the Retail E-Commerce market's growth in the forecast period. Smartphone refers to a cellular telephone with an integrated computer and other features such as an operating system, the ability to run software applications, and web browsing. Smartphones help retail e-commerce by facilitating buying and selling goods and services through this wireless handheld device. 

The global retail e-commerce market size is expected to grow from $5.62 billion in 2022 to $6.20 billion in 2023 at a compound annual growth rate (CAGR) of 10.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global retail e-commerce market size is expected to grow to $9.16 billion in 2027 at a CAGR of 10.3%.

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Major competitors in the Retail E-Commerce market are The Kroger Co., Walmart Inc., Alibaba Group Holding Ltd., Coupang Corp., Ebates Inc.

A key trend in the Retail E-Commerce market includes technological advancement. Major companies operating in retail e-commerce are focusing on using the latest technologies like augmented reality, virtual reality, artificial intelligence, and machine learning to enhance user experience and gain a competitive edge in the market. For instance, Avataar, an India-based 3D and augmented reality company launched its single-click integration solution for online retailers. To provide consumers with an engaging 3D augmented reality (AR) purchasing experience, the company's out-of-the-box product will link with e-commerce platforms like Shopify and BigCommerce. Supernova, Avataar's computer vision, and AI-powered 3D content creation platform, powers the turnkey solution, allowing retailers to swiftly produce 3D product catalogs at scale. Within hours, the proprietary technology scans a merchant's existing product inventory and produces a photorealistic, life-size 3D enhancement. Avataar's platform also provides end-to-end workflow management, which includes quality checks and lives hosting.

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The Retail E-Commerce market is segmented -

1. By Type: Pure Marketplace, Hybrid Marketplace, Brand, Retail Chain
2. By Sector: Organised, Unorganised
3. By Distribution Channel: Supermarkets & Hypermarkets, Convenience Stores, Specialty Stores, Department Stores, E-Commerce, Other Distribution Channels
4. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Retail E-Commerce market.

The Business Research Company's "Global Retail E-Commerce Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Retail E-Commerce Market Include:

1. Executive Summary
2. Retail E-Commerce Market Characteristics
3. Retail E-Commerce Market Trends And Strategies
4. Retail E-Commerce Market - Macro Economic Scenario
5. Retail E-Commerce Market Size And Growth
……
26. Africa Retail E-Commerce Market
27. Retail E-Commerce Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Retail E-Commerce Market
29. Retail E-Commerce Market Future Outlook and Potential Analysis
30. Appendix

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