The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Rising internet penetration and the growing use of smartphones are expected to drive innovation in E-commerce manufacturing, thus driving the market during the forecast period.

The global E-commerce market is expected to grow from $2,837.76 billion in 2022 to $3,183.16 billion in 2023 at a compound annual growth rate (CAGR) of 12.2%. The global e-commerce market size is expected to grow to $4,902.06 billion in 2027 at a CAGR of 11.4%.

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Global E-commerce Market Segments Include:

• By Model Type:Business to Business (B2B), Business to Consumer (B2C)
• By Payment Mode:Card Payments, Bank Transfers, Digital Wallets, Cash Payments, Other Payment Modes
• By Application:Home Appliances, Clothing and footwear, Books, Cosmetics, Baby Goods, Groceries, Other Applications
• By Geography:The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global E-commerce market in 2021.

Major Market Players in the E-commerce market include Amazon.com Inc., JD.com Inc., Suning Commerce Group Co. Ltd., Apple Inc., Walmart Inc., Dell Technologies Inc., Vipshop Holdings Ltd.

Increasing government and companies’ initiatives to promote e-commerce sales is a leading trend in the e-commerce market. According to Entracker’s news published in April 2022, Indian government launched pilot phase of Open network for digital commerce (ONDC) to democratize e-commerce sector to facilitate e-commerce of small retailers. which is projected to boost the sector’s growth in the country.

The ECommerce Global Market Report 2023  provides an E-commerce market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The E-commerce market forecast analyzes E-commerce market size, E-commerce market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The e-commerce market consists of sales of merchandise such as apparel, electronics, furniture, books, cosmetics, and other products through online channels. This industry includes e-commerce and m-commerce companies that offer home delivery services. The sales transaction between the retailers and their customers is typically done through the use of information technology, including the telephone and the internet, and the delivery of merchandise is typically done through the mail or couriers. The e-commerce industry also includes direct mailers who are selling their merchandise and retail through online websites.

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