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Retail E-Commerce Market 2024 Latest Insights, Growth Rate, Future Trends And Forecast | Key Players : Walmart Inc., Amazon.com Inc., Apple Inc., Costco Wholesale Corporation, The Home Depot Inc., The Kroger Co
Retail E-Commerce Global Market Report
The Business Research Company offers in-depth market insights through Retail E Commerce Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The retail e-commerce market size has grown rapidly in recent years. It will grow from $6.23 billion in 2023 to $6.87 billion in 2024 at a compound annual growth rate (CAGR) of 10.3%. The growth in the historic period can be attributed to consumer convenience, expanding Internet access, changing consumer preferences, globalization of markets, promotional strategies.
The retail e-commerce market size is expected to see rapid growth in the next few years. It will grow to $10.7 billion in 2028 at a compound annual growth rate (CAGR) of 11.7%. The growth in the forecast period can be attributed to mobile commerce growth, personalized shopping experiences, sustainable practices, supply chain optimization, economic trends. Major trends in the forecast period include live commerce and shoppable livestreams, personalization through AI and machine learning, contactless payment solutions, localization and hyper-local e-commerce, ephemeral content and limited-time offers.
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Market Segmentation:
The retail E-commerce market covered in this report is segmented -
1) By Type: Pure Marketplace, Hybrid Marketplace, Brand, Retail Chain
2) By Sector: Organized, Unorganized
3) By Distribution Channel: Supermarkets & Hypermarkets, Convenience Stores, Specialty Stores, Department Stores, E-Commerce, Other Distribution Channels
Major Driver - Rising Smartphone Usage Propels The Growth Of Retail E-Commerce
The increase in the usage of smartphones is significantly contributing to the growth of the retail e-commerce market going forward. 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. For instance, according to Oberlo, a Germany-based drop shipping company, in 2022, the number of global smartphone users were estimated at 6.6 billion, marking a 4.9% annual increase. Therefore, increase in the usage of smartphones is driving the retail e-commerce market.
Competitive Landscape:
Major companies operating in the retail e-commerce market report are Walmart Inc., Amazon.com Inc., Apple Inc., Costco Wholesale Corporation, The Home Depot Inc., The Kroger Co, Alibaba Group Holding Ltd., Meta Platforms Inc., Target Corporation, Dell Technologies Inc., Albertsons Companies Inc, Best Buy Co Inc., Inter IKEA Systems B.V., Hewlett-Packard Company, Macy's Inc., Coupang Corp, Otto GmbH & Co KG, Nordstrom Inc., Wayfair Inc., Rakuten Group Inc., eBay Inc., BBC Worldwide Ltd., Shopify Inc., Etsy Inc., IndiaMART InterMESH Ltd., IKEA AB, Ebates Inc., Taobao, Clues Network Pvt Ltd., Infobae Americas
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https://www.thebusinessresearchcompany.com/report/retail-e-commerce-global-market-report
Top Trend - Retail E-Commerce Companies Embrace E-Commerce Clouds For Scalability And Intelligence
Major companies operating in the retail e-commerce market are increasing their focus on introducing e-commerce clouds to gain a competitive edge in the market. The e-commerce cloud refers to a cloud computing environment that provides scalable and flexible infrastructure, storage, and computing resources to support and host e-commerce applications and websites. For instance, in October 2023, Flipkart, an India-based e-commerce company, launched the Flipkart Commerce Cloud. It is a suite of retail intelligence solutions designed to help retailers and e-commerce companies globally grow their businesses and solve business needs through intelligent and AI-driven solutions. Each solution is built using artificial intelligence and machine learning and is constantly scale-tested at Flipkart every day. The system is designed to help retailers across the world grow their businesses and solve business needs through intelligent and AI-driven solutions.
The Table Of Content For The Market Report 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
…..
27. Retail E Commerce Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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