"Global E-commerce Market Set to Reach $21,168.6 Billion by 2030: Market Analysis and Forecast"

Meticulous Research®, a leading global market research company, has recently published a comprehensive research report titled "E-commerce Market by Business Model, Browsing Medium, Payment Mode, Operational Channel, Offering - Global Forecast to 2030." The report forecasts that the global e-commerce market is projected to grow substantially, reaching a value of $21,168.6 billion by 2030, with a Compound Annual Growth Rate (CAGR) of 16.9% during the forecast period from 2023 to 2030.
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The growth of the e-commerce market is attributed to several key factors, including the increasing penetration of the Internet and smartphones, growing usage of social media and social commerce, advancements in multiple payment modes, and the rise of omni-channel business models. However, challenges related to online fraud and cybersecurity issues may pose constraints to market growth.

Key highlights from the report include:

Business Model Segmentation: The horizontal e-commerce segment is expected to dominate the market, catering to a diverse product category and capturing a broad customer base.

Browsing Medium: The desktop/laptop segment is anticipated to hold a significant share due to increased demand during the COVID-19 pandemic and the preference for detailed browsing and secure transactions.

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Payment Mode: Card payments are expected to lead the market, offering customers a seamless and secure payment option while lowering the risk of fraudulent transactions.

Operational Channel: The omni-channel e-commerce segment is projected to account for a large share, enhancing customer experience, boosting sales, and improving data collection.

Offering: The beauty & fashion products segment is forecasted to hold the largest share, driven by changing customer behavior, high demand for cosmetics and clothing, and the popularity of mobile wallets.

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Geographical Analysis: Asia-Pacific is expected to dominate the market, fueled by large consumer groups, increasing smartphone and Internet penetration, and rising disposable income.

The report also profiles key players in the global e-commerce market, including Amazon.com, Alibaba Group Holding Limited, eBay Inc., JD.com, Rakuten, and others, providing insights into their market standings and contributions to the industry.

For a detailed understanding of market dynamics, competitive landscape, and regional insights, the full report can be accessed through the Meticulous Research® website or by reaching out to their research experts.
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Related Reports:

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

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

Asia-Pacific 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/asia-pacific-e-commerce-market-5596

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This release was published on openPR.