Insights Into The Retail E-Commerce Market’s Growth Opportunities Through 2023-2032 – Includes Retail E-Commerce Market Growth
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The global retail e-commerce market is expected to grow from $5.62 billion in 2022 to $6.20 billion in 2023 at a compound annual growth rate (CAGR) of 10.3%. The global retail e-commerce market size is expected to grow to $9.16 billion in 2027 at a CAGR of 10.3%.
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Global Retail E-Commerce Market Segments Include:
- By Type: Pure Marketplace, Hybrid Marketplace, Brand, Retail Chain
- By Sector: Organised, Unorganised
- By Distribution Channel: Supermarkets & Hypermarkets, Convenience Stores, Specialty Stores, Department Stores, E-Commerce, Other Distribution Channels
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific is the largest region in the global retail e-commerce market in 2021.
Major Market Players in the retail e-commerce market include The Kroger Co., Walmart Inc., Alibaba Group Holding Ltd., Coupang Corp., Ebates Inc., Amazon.com Inc., eBay Inc., Inter IKEA Systems B.V., Otto GmbH & Co KG, Taobao, dba Rakuten, Flipkart Private Limited, Myntra, IndiaMART InterMESH Ltd., and ShopClues.
Technological advancement is a major trend that is gaining traction in the retail e-commerce business. Major retail e-commerce organisations are focusing on leveraging cutting-edge technologies such as augmented reality, virtual reality, artificial intelligence, and machine learning to improve user experience and gain a competitive advantage in the market.
The Retail E-Commerce Global Market Report 2023 provides a retail e-commerce market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The retail e-commerce market forecast analyzes retail e-commerce market size, retail 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.
Retail e-commerce is the exchange of goods and services between consumers and a retail distributor using an online platform.
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