Press release
Global E-Commerce Market Outlook 2025-2034: Trends, Innovations, And Future Outlook
E-Commerce
What Is the Expected E-Commerce Market Size During the Forecast Period?
The size of the e-commerce market has experienced significant expansion in the past few years. It is estimated to increase from $4490.17 billion in 2024 to $5060.7 billion in 2025, with a compound annual growth rate (CAGR) of 12.7%. The historical growth can be linked to factors such as internet accessibility, shifts in consumer habits, secure transaction methods, widespread mobile usage and apps, as well as globalization and international trade.
Anticipated to witness a significant surge in the approaching years, the e-commerce market size is forecasted to reach a mammoth figure of $7856.66 billion by 2029, reflecting a compound annual growth rate (CAGR) of 11.6%. The predicted expansion throughout the forecast period can be attributed to several factors. These include diversification of the marketplace, the rise in the subscription economy, the evolution of payment solutions, a shift towards sustainable and ethical consumerism, and the growth of AR and VR integration. Key trends for the upcoming period encompass the integration of social commerce, the dominance of mobile commerce, tailored customer shopping experiences, the emergence of subscription-based models, and the prominence of omnichannel retailing.
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What Are the High-Growth Segments in the E-Commerce Market?
The e-commerce market covered in this report is segmented -
1) By Model Type: Business To Business (B2B), Business To Consumer (B2C)
2) By Payment Mode: Card Payments, Bank Transfers, Digital Wallets, Cash Payments, Other Payment Modes
3) By Application: Home Appliances, Clothing And Footwear, Books, Cosmetics, Baby Goods, Groceries, Other Applications
Subsegments:
1) By Business To Business (B2B): Wholesale marketplaces, Supplier-Distributor Platforms, Procurement Services, B2B Subscription Services
2) By Business To Consumer (B2C): Online Retail Stores, Direct-To-Consumer Brands, marketplaces, Online Service Platforms
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What Key Drivers Are Expected to Influence Future E-Commerce Market Growth?
The anticipated expansion of the e-commerce market is attributed to the increasing number of internet users and the rise in smartphone adoption. The surge in internet and smartphone use is causing a shift in consumer buying habits towards online shopping. For example, Uswitch Limited, a UK-based company specializing in price comparisons and switching services, stated in February 2023 that 86% of people in the UK used mobile devices to access the internet in 2022. Moreover, it is projected that by 2025, 95% of the UK's population will possess a smartphone.
Which Companies Hold the Largest Share Across Different E-Commerce Market Segments?
Major companies operating in the e-commerce market include Walmart Inc., Amazon.com Inc., Apple Inc., JD.com Inc., Target Brands Inc., Dell Technologies Inc., PayPal Holdings Inc., Macy's Inc., Pinduoduo Inc., Vipshop Holdings Ltd., Carvana Co., Wayfair LLC, Zalando SE, MercadoLibre Inc., Suning Commerce Group Co. Ltd., eBay Inc., Chewy Inc., Flipkart Private Limited, Shopify Inc., Etsy Inc., Best Buy Canada Ltd., Gome Electrical Appliances Holding Ltd., Farfetch Limited, Otto Group, Myntra Fashion Technologies Private Limited, BigCommerce Pty. Ltd., Lenskart Solutions Private Limited, Alibaba Group, Snapdeal Limited, VTEX Commerce, Magento Commerce Inc., PrestaShop S.A., Big Cartel LLC, Volusion LLC, Squarespace Inc., Weebly Inc., Shift4Shop Inc., Miva Inc.
What Are the Latest Developing Trends in the E-Commerce Market?
The upward trend in the e-commerce market is primarily fueled by heightened efforts from both the government and corporations to stimulate online sales. As reported by Entracker in April 2022, the Indian government initiated the pilot phase of the Open Network for Digital Commerce (ONDC). This program aims to democratize the e-commerce industry and assist small retailers in transitioning to e-commerce. This movement is anticipated to contribute significantly to the overall growth of the industry in the nation.
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What Are the Emerging Geographies for The E-Commerce Market Growth?
North America was the largest region in the e-commerce market in 2024. Asia-Pacific was the second largest region in the global e-commerce market share. The regions covered in the e-commerce market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the E-Commerce Market?
2. What is the CAGR expected in the E-Commerce Market?
3. What Are the Key Innovations Transforming the E-Commerce Industry?
4. Which Region Is Leading the E-Commerce Market?
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