Europe E-Commerce Market To Hit a CAGR of 9.31% during 2023-2028

How big is the Europe E-Commerce Market?

IMARC Group, a leading market research company, has recently releases report titled "Europe E-Commerce Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028." The Europe e-commerce market is projected to exhibit a growth rate (CAGR) of 9.31% during 2023-2028.

What is E-Commerce?

Electronic commerce, commonly known as e-commerce, pertains to the process of purchasing and selling goods and services via the internet. It facilitates transactions involving consumers and businesses, as well as transactions between different businesses, all conducted through digital platforms. E-commerce encompasses a wide range of activities, including online retail, digital payments, internet auctions, and online banking services. One of its key advantages is the removal of geographical barriers, enabling consumers and businesses to engage in virtual marketplaces. E-commerce operates through various business models, such as business-to-customer (B2C), business-to-business (B2B), customer-to-business (C2B), and customer-to-customer (C2C).

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What are the growth prospects and trends in the industry?

The increasing preferences for online shopping due to the easy accessibility of high-speed internet connection and a considerable reliance on laptops, tablets, and smartphones represent one of the primary factors driving the demand for e-commerce in Europe. Moreover, the rising awareness among individuals about the benefits of shopping from e-commerce is favoring the growth of the market in the region. In addition, the integration of artificial intelligence (AI) enabled chatbots, voice assistants, and augmented and virtual reality (AR/VR) in e-commerce portals for optimizing the user experience and predicting customer behavior for targeted promotional activities is contributing to the market growth in the region. Apart from this, the advent of private-label and direct-to-consumer-based business models enables organizations to collect and use consumer data and deliver personalized products and experiences is bolstering the market growth in the region.

What is included in market segmentation?

The report has segmented the market into the following categories:

Type Insights:
• Home Appliances
• Apparel, Footwear, and Accessories
• Books
• Cosmetics
• Groceries
• Others

Transaction Insights:
• Business-to-Consumer
• Business-to-Business
• Consumer-to-Consumer
• Others

Country Insights:
• Germany
• France
• United Kingdom
• Italy
• Spain
• Others

Key highlights of the report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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This release was published on openPR.