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Meticulous Research® Unveils Groundbreaking Insights in Latest E-commerce Market Report
In this comprehensive analysis, Meticulous Research® forecasts that the E-commerce market is poised to skyrocket, reaching a staggering $21,168.6 billion by 2030, with a remarkable CAGR of 16.9% throughout the forecast period. The unprecedented growth trajectory is attributed to several key factors, including the pervasive penetration of the Internet and smartphones, the burgeoning influence of social media and social commerce, the proliferation of omni-channel business models, and the evolution of diverse payment modes. However, challenges such as online fraud and cybersecurity threats may temper the market's ascent.
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E-commerce automation and the burgeoning scope of cross-border E-commerce present lucrative avenues for market expansion. Nevertheless, regulatory complexities impacting cross-border transactions and consumer trust issues stemming from the absence of tactile experiences may impede market growth. Additionally, emerging trends such as on-site customization, personalized shopping experiences, and the integration of augmented reality (AR) and virtual reality (VR) technologies underscore the dynamic landscape of the E-commerce sector.
Meticulous Research® has meticulously segmented the market based on business models, browsing mediums, payment modes, operational channels, offerings, and geographical regions to facilitate insightful analysis. The report not only scrutinizes industry rivals but also delves into regional and country-level market dynamics.
Key Findings:
Business Models: The horizontal E-commerce segment is anticipated to dominate the market in 2023, leveraging its capacity to cater to diverse product categories and thereby attracting a vast consumer base, driving substantial sales, and fostering economies of scale.
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Browsing Mediums: In 2023, desktops/laptops are projected to command a significant market share, fueled by heightened demand during the COVID-19 pandemic and the burgeoning trend of remote work. Consumer preferences for enhanced visualization and comprehensive product information further bolster E-commerce sales via desktops/laptops.
Payment Modes: Card payments are poised to reign supreme in 2023, owing to their indispensability in furnishing customers with seamless and secure payment options. The provision of multiple card payment alternatives is crucial for catering to diverse customer preferences and enhancing the overall shopping experience.
Operational Channels: The omni-channel E-commerce segment is primed to seize the lion's share of the market in 2023, driven by its ability to augment customer experiences, bolster sales and traffic, foster customer loyalty, and facilitate robust data collection for optimal resource management.
Offerings: Beauty and fashion products are slated to command the largest market share in 2023, propelled by shifting consumer behaviors favoring online shopping, escalating demand for cosmetics and apparel, and the surging popularity of mobile wallets.
Geographical Insights: Asia-Pacific is poised to emerge as the frontrunner in the E-commerce market landscape in 2023, buoyed by sizable consumer demographics, burgeoning smartphone and Internet penetration rates, and escalating disposable incomes.
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Key Players:
The E-commerce market is abuzz with notable players including Amazon.com, Inc., Alibaba Group Holding Limited, eBay Inc., JD.com, Inc., Rakuten, Inc., The Home Depot, Inc., Zalando SE, Otto GmbH & Co KG, Priceline.com, B2W Digital Company, Groupon, Inc., Walmart Inc., Inter IKEA Systems B.V., Costco Wholesale Corporation, Shopify Inc., Wayfair Inc., Suning.com Co., Ltd., Best Buy Co., Inc., and Tesco plc.
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CIN- U93000PN2013PTC149455
We are the trusted research partners for leading businesses around the world, providing market intelligence focused towards building revenue transformation strategies. Our research is used by Fortune 500 organizations to attain success by scouting next generation revenue opportunities well ahead of their competition. Through our mixed bag of research offerings - syndicated research, custom research, and analyst engagement - we enable smart decision making to enhance business performance for global organizations. Our focus is also on finding answers to the challenging questions that global business leaders face on a daily basis. Each year, we deliver more than 300 syndicate studies and 60+ consulting projects across eight industry verticals in 20+ geographic markets.
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