Press release
Asia-Pacific E-commerce Market to Be Worth $22.7 Billion by 2030
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According to this latest publication from Meticulous Research®, the Asia-Pacific e-commerce market is projected to reach $13,209.2 billion by 2030, at a CAGR of 17.6% during the forecast period. The growth of this market is driven by rising internet and smartphone penetration, the growing usage of social media and social commerce, and increasing consumer interest in convenient shopping solutions. Furthermore, E-commerce automation and the expansion of cross-border E-commerce are expected to create market growth opportunities during the forecast period.
However, online fraud and cybersecurity issues and local laws and regulations for international E-commerce restrain the growth of this market. Also, high internet prices and increasing security & privacy concerns are major challenges for the players in this market. Furthermore, the rising adoption of AI and the growing use of AR and VR technologies in E-commerce are key trends in the Asia-Pacific E-commerce market.
The Asia-Pacific E-commerce market is segmented based on business model, browsing medium, payment mode, operating channel, and offering. The study also evaluates industry competitors and analyzes the market at the regional/country level.
Based on business model, the Asia-Pacific E-commerce market is segmented into horizontal E-commerce and vertical E-commerce. In 2023, the horizontal E-commerce segment is expected to account for a larger share of the Asia-Pacific E-commerce market. The large market share of this segment is mainly attributed to the advantages of the horizontal E-commerce model, such as access to diverse product categories. The segment engages a large section of consumers and has high sales. These factors contribute to the segment's large share.
Check complete table of contents with list of table and figures: https://www.meticulousresearch.com/product/asia-pacific-e-commerce-market-5596
Based on browsing medium, the Asia-Pacific E-commerce market is segmented into desktop/laptop and mobile/tablet. The mobile/tablet segment is subsegmented into application-based and browser-based. In 2023, the desktop/laptop segment is expected to account for the larger share of the Asia-Pacific E-commerce market. This segment's large market share is attributed to the growth in E-commerce during the COVID-19 pandemic and the work-from-home culture's positive impact on desktop/laptop sales. Also, customer preference for high-quality visualization, which provides a better shopping experience and detailed product information, has increased E-commerce sales via desktops and laptops.
Based on payment mode, the Asia-Pacific E-commerce market is segmented into card payments, digital wallets, bank transfers, cash payments, and other payment modes. In 2023, the card payments segment is expected to account for the largest share of the Asia-Pacific E-commerce market. The large market share of this segment is mainly attributed to consumers' high preference for card payments, particularly in developed countries, due to the convenience and superior security cards offer.
Based on operating channel, the Asia-Pacific E-commerce market is segmented into pure play E-commerce and omni-channel E-commerce. In 2023, the omni-channel E-commerce segment is expected to account for the larger share of the Asia-Pacific E-commerce market. The large market share of this segment is attributed to the benefits of omni-channel E-commerce, such as enhanced customer experience, increased sales & consumer traffic, better customer loyalty, and better data collection for optimum customer and resource management.
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Key Players:
The key players operating in the Asia-Pacific E-commerce market are Amazon.com, Inc. (U.S.), Alibaba Group Holding Limited (China), eBay Inc. (U.S.), JD.com, Inc. (China), Rakuten, Inc. (Japan), The Home Depot, Inc. (U.S.), ChinaAseanTrade.com (China), Otto GmbH & Co KG (Germany), Priceline.com (U.S.), B2W Digital Company (Brazil), Groupon, Inc. (U.S.), Walmart Inc. (U.S.), Inter IKEA Systems B.V. (Netherlands), Costco Wholesale Corporation (U.S.), Shopify Inc. (Canada), DIYTrade.com (China), Ali Express (China), and Tesco plc (U.K.).
Key Questions Answered in the Report:
Which are the high-growth market segments based on business model, browsing medium, payment mode, operating channel, offering, and geography?
What was the historical market size for E-commerce in Asia-Pacific?
What are the market forecasts and estimates for the period 2023-2030?
What are the major drivers, restraints, opportunities, challenges, and trends in the Asia-Pacific E-commerce market?
Who are the major players, and what shares do they hold in the Asia-Pacific E-commerce market?
What is the competitive landscape like in the Asia-Pacific E-commerce market?
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Related Reports-
E-commerce Market by Business Model, Browsing Medium, Payment Mode (Card Payments, Digital Wallets, Bank Transfer), Operational Channel, Offering (Beauty & Fashion, Food & Beverage, Electronic, Household) - Global Forecast to 2030-https://www.meticulousresearch.com/product/e-commerce-market-4644
South East Asia E-commerce Market by Business Model (Horizontal E-commerce and Vertical E-commerce), Browsing Medium, Payment Mode (Card Payments, Digital Wallets, Bank Transfers, Cash Payments), Operating Channel, and Offering - Forecast to 2030- https://www.meticulousresearch.com/product/south-east-asia-e-commerce-market-5599
Europe E-commerce Market by Business Model (Horizontal E-commerce and Vertical E-commerce), Browsing Medium, Payment Mode (Card Payments, Digital Wallets, Bank Transfers, Cash Payments), Operating Channel, and Offering - Forecast to 2030- https://www.meticulousresearch.com/product/europe-e-commerce-market-5663
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