Cross-Border B2C E-Commerce Market Trends and Forecast 2023-2029: Globalizing Online Retail

Cross-Border B2C E-Commerce Market Surges, Anticipated to Reach USD 3149.68 Billion by 2029

Innovations, Collaborations, and Market Dynamics Fueling Remarkable Growth

The Cross-Border B2C E-Commerce Market witnessed a remarkable surge, reaching a valuation of USD 944.75 Billion in 2022, and is projected to hit USD 3149.68 Billion by 2029, with a stellar CAGR of 18.77% during the forecast period (2023-2029).

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Cross-Border B2C E-Commerce Market Scope and Research Methodology

The report provides a comprehensive analysis of the Cross-Border B2C E-Commerce industry, including trends, forecasts, and monetary values.

• It provides an in-depth analysis of the segments and sub-segments in global and regional Cross-Border B2C E-Commerce markets.
• It uses a bottom-up approach to estimate the Cross-Border B2C E-Commerce market size.
• It includes information on key market participants, new entrants, their services, revenue, financial status, portfolio, growth strategies, and regional presence.
• It provides demand projections, market trends, and micro and macro factors that drive and restrict the Cross-Border B2C E-Commerce market's growth.
• It uses qualitative and quantitative methods, including SWOT, PESTLE, and Porter's Five Forces analysis.
• It identifies key upcoming developments that are expected to influence Cross-Border B2C E-Commerce market demand over the forecast period.

Growing Collaboration between FinTech & B2C E-Commerce:

Collaborations between financial institutions and fintech companies have proven to be effective growth strategies, fostering technological integration for consumers. This collaboration enhances the digital business banking platform, exemplified by Future Technologies' collaboration with Nationwide.

Global Online Shopping Growth:

With the internet's expansion, online shopping has grown rapidly, making B2C e-commerce more efficient. The positive aspects of cross-border e-commerce, such as reduced costs and a wider product selection, contribute to the market's favorable outlook.

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Cross-Border B2C E-Commerce Market Segmentation:

by Offering

1.In-house Brands
2.Assorted Brands

With the biggest revenue share in the Cross-Border B2C E-Commerce Market in 2022, the Offering Outlook, Assorted Brands segment held a dominant position. The COVID-19 pandemic has increased consumer demand for a wide range of goods. The preference of the general public for online shopping for a range of products, such as apparel, food, and beverages, is anticipated to contribute to the assorted brand category's growth in the ensuing decades.

by Payment Method

1.Digital Wallets
2.Credit/Debit Cards
3.Internet Banking
4.Others

Outlook for Payment Methods The market for digital wallets is anticipated to expand at the fastest rate of growth, 19.55%, over the projected period. The introduction of digital wallets as a means of global B2C payment platforms is anticipated to hasten the growth of this market. For example, HSBC Bank debuted a global multi-currency virtual wallet in 2022. Wallet users can make international payments easier while requiring less paperwork. Furthermore, a number of digital wallet companies are expected to grow, which presents several opportunities for the industry to grow internationally and promote greater financial inclusion.

by Category

1.Entertainment & Education
2.Apparel & Accessories
3.Consumer Electronics
4.Home Furnishing
5.Personal Care & Beauty
6.Healthcare & Nutrition
7.Footwear
8.Food & Beverage
9.Others

The credit/debit cards segment held the largest market share of the global revenue share in 2022. The substantial market share can be attributed to the extensive utilisation of credit/debit card payments on all e-commerce platforms. Furthermore, it is projected that technological developments such as the application of blockchain technology for enhanced security will eventually quicken the segment's growth. The unique benefits and rewards that come with using credit/debit cards are another factor contributing to the segment's growth.

Cross-Border B2C E-Commerce Market Key Players:

1.Amazon.com Inc.
2. Etsy Inc
3.eBay Inc
4.Alibaba Group
5.Wish Inc
6.Vee Pee
7.Cnova
8.Asos Plc
9.Fruugo
10. JD.com (Jing Dong)
11.Apple Inc
12. DHL Group
13. Box Me
14. Pay pal
15. Asia Commerce
16.Sing Post
17. Shipping Cart
18.Anchanto
19.SIA Joom (Latvia)
20.Zalando
21.Others

Key questions answered in the Cross-Border B2C E-Commerce Market are:

• What was the Cross-Border B2C E-Commerce market size in 2022?
• What is the growth rate of the Cross-Border B2C E-Commerce Market?
• Which are the factors expected to drive the Cross-Border B2C E-Commerce market growth during the forecast period?
• What are the different segments of the Cross-Border B2C E-Commerce Market?
• What are the factors restraining the growth of the Cross-Border B2C E-Commerce Market?
• What are the factors driving the Cross-Border B2C E-Commerce market growth?
• What segments are covered in the Cross-Border B2C E-Commerce Market?
• Who are the Cross-Border B2C E-Commerce key players in the industry?
• What are the upcoming industry applications and trends for the Cross-Border B2C E-Commerce Market?

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Cross-Border B2C E-Commerce Market Regional Analysis:

Geographically, Cross-Border B2C E-Commerce market report is segmented into following regions:

• Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
• Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
• North America (the United States, Mexico, and Canada.)
• South America (Brazil etc.)
• Middle East and Africa (GCC Countries and Egypt.)

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