Retail E-Commerce Market Expansion Continues, with Forecast Valuation of $5780.56 Billion by 2029

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How Large Will the Retail E-Commerce Market Size By 2025?
The size of the retail e-commerce market has swiftly expanded in the past few years. There's a projected increase from $3317.41 billion in 2024, soaring to $3674.9 billion in 2025, with a compound annual growth rate (CAGR) of 10.8%. This historical growth can be traced back to factors such as the convenience it provides to consumers, broader internet connectivity, evolving consumer tastes, global market expansion, and strategic promotions.

How Big Is the Retail E-Commerce Market Size Expected to Grow by 2029?
Anticipations are high for a swift expansion in the retail e-commerce market size in the coming years. The market is projected to upscale to $5780.56 billion by 2029 with a compound annual growth rate (CAGR) set at 12.0%. This predicted growth within the forecast period can be associated with factors such as the surge in mobile commerce, tailoring of shopping experiences to individual needs, environmentally-friendly practices, enhancements in supply chain, and shifting economic trends. Key upcoming trends within the period include the rise of live commerce and shoppable livestreams, advanced personalization via Artificial Intelligence and Machine learning, contact-free payment methods, geographic-specific and hyper-local e-commerce, fleeting content, and time-bound special offers.

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Which Key Market Drivers Powering Retail E-Commerce Market Expansion and Growth?
There's a notable contribution to the retail e-commerce market growth due to the rising usage of smartphones. The term smartphone applies to a mobile phone endowed with an all-in-one computer and additional capabilities like an operating system, the potential to implement software applications, and internet surfing. These smartphones are aiding the retail e-commerce industry by enabling the purchase and sale of goods and services via these portable wireless devices. For example, in January 2022, the Consumer Technology Association (CTA), an organization based in the US, forecasted the shipment of smartphones to reach a staggering 154.1 million units, bringing in a revenue of $74.7 billion in 2022. This indicates a 3% growth from the previous year's 149.6 million units. As a result, the escalating use of smartphones is fueling the expansion of the retail e-commerce market.

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Which Fast-Growing Trends Are Poised to Disrupt the Retail E-Commerce Market?
The retail e-commerce market is swiftly adopting a major trend of technological advancements, as key players aim to leverage cutting-edge technologies such as artificial intelligence, augmented and virtual reality, and machine learning. These technologies are deployed to amplify user experience and secure a competitive advantage in the market. In a recent development in June 2022, an Indian firm specialized in 3D and Augmented Reality, Avataar, released its one-click integration solution for e-commerce retailers. The company's unique product is designed to connect with e-commerce platforms like Shopify and BigCommerce to deliver a captivating 3D AR shopping experience. Driven by Supernova, Avataar's AI-fueled 3D content creation platform, the plug-and-play solution empowers retailers to rapidly generate 3D product catalogs on a large scale. Avataar's proprietary technology can scan an existing product inventory of a retailer and develop a lifelike 3D version within hours. Additionally, their platform offers comprehensive workflow management, incorporating quality controls and live hosting services.

What Are the Emerging Segments in the Retail E-Commerce Market?
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: Super markets & Hyper markets, Convenience Stores, Specialty Stores, Department Stores, E-Commerce, Other Distribution Channels

Subsegments:
1) By Pure marketplace: Online-Only Platforms, Multiple Third-Party Sellers, No Inventory Ownership
2) By Hybrid marketplace: Combination Of First-Party And Third-Party Sellers, Own Inventory And Allow Third-Party Sales, Flexible Selling Options
3) By Brand: Direct Sales From Brand Websites, Focus On Brand-Specific Products, Enhanced Customer Experience And Loyalty
4) By Retail Chain: Established Brick-And-Mortar Retailers With Online Presence, Omnichannel Retailing Strategies, Integration Of Online And Offline Shopping Experiences

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Who Are the Global Leaders in the Retail E-Commerce Market?
Major companies operating in the retail e-commerce market include Walmart Inc., Amazon.com Inc., Apple Inc., Costco Wholesale Corporation, The Home Depot Inc., The Kroger Co, Alibaba Group Holding Ltd., 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., Shopify Inc., Etsy Inc., IndiaMART InterMESH Ltd., IKEA AB, Ebates Inc., Taobao, Clues Network Pvt Ltd.

Which are the Top Profitable Regional Markets for the Retail E-Commerce Industry?
Asia-Pacific was the largest region in the retail e-commerce market in 2024. The regions covered in the retail e-commerce market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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