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

 

 

The Business Research Company’s Ecommerce And Other Non Store Retailers Global Market Report 2023 offers crucial insights into the ecommerce and other non store retailers market help businesses analyse and build stronger strategies.

 

The ecommerce & other non-store retailers market has witnessed a staggering growth trajectory in recent years. In 2023, the market size is estimated at $4,217.88 billion, and it is projected to soar to $4,712.37 billion in 2024, boasting a compelling Compound Annual Growth Rate (CAGR) of 11.7%. This surge is attributed to a confluence of factors, including internet penetration, evolving consumer behavior, the rise of mobile commerce (m-commerce), technological advancements, and the robust development of logistics and delivery infrastructure.

 

 

Future Projections: A Glimpse into 2028

The momentum doesn’t seem to wane as the market is poised for even more remarkable growth in the coming years. By 2028, the ecommerce & other non-store retailers market is forecasted to burgeon to an impressive $7,328.5 billion, maintaining the robust CAGR of 11.7%. Anticipated drivers for this growth include the deepening penetration of e-commerce, the adoption of omnichannel retailing, integration of personalization and AI, commitment to sustainable practices, and an ambitious wave of global expansion. Noteworthy trends in this period encompass sustained e-commerce growth, the emergence of live streaming and social commerce, the ascendancy of direct-to-consumer (DTC) brands, and the integration of blockchain in the supply chain.

 

 

Smartphone Prowess: Fueling the E-Commerce Engine

• The Mobile Revolution: The increasing number of smartphone users stands out as a pivotal force propelling the e-commerce and non-store retailers market forward. Smartphones, amalgamating cellular and mobile computing functions, have become indispensable tools for both consumers and retailers.
• Global Reach: According to Oberlo, a Lithuania-based drop-shipping platform, the global smartphone user count is estimated to be 5.25 billion in 2023, reflecting a robust yearly growth of 4.9%. This surge in smartphone usage amplifies accessibility, convenience, and data-driven marketing opportunities.
• Market Driving Force: The upswing in smartphone users is a driving force behind the market’s exponential growth, providing a fertile ground for the flourishing e-commerce and non-store retail landscape.

 

 

Key Players: Powerhouses Driving the Market

• Market Giants: Major players in the ecommerce and other non-store retailers market include industry behemoths like Amazon.com Inc., JD.com Inc., Alibaba Group Holding Limited, Walmart Inc., and many others.
• Diverse Landscape: The market is home to a diverse array of companies spanning from e-commerce giants to direct-to-consumer (DTC) brands, each contributing to the market’s dynamic and evolving nature.

 

 

Read The Full Ecommerce And Other Non Store Retailers Market Report Here:
https://www.thebusinessresearchcompany.com/report/ecommerce-other-non-store-retailers-global-market-report

 

 

Technological Marvels: Elevating Digital Shopping

• Artificial Intelligence at Play: Industry leaders are harnessing advanced technology, particularly artificial intelligence, to elevate the digital shopping experience for customers and boost overall revenue.
• Google Cloud’s Innovations: Google Cloud, in January 2023, introduced a cutting-edge shelf-checking AI solution, powered by Vertex AI Vision. This AI marvel recognizes billions of products, enhancing in-store product availability for retailers.
• Enhanced Online Shopping: Discovery AI solutions from Google Cloud have seen upgrades, including a new personalization AI capability and an AI-powered browse feature, enriching the online shopping experience.

 

 

Market Segmentation: Understanding the Landscape

1) By Type:

• E-Commerce: The powerhouse driving online retail.
• Vending Machine Operators: Innovators in automated retail.
• Direct Selling Establishments: A personalized touch in retail.

 

 

2) By Product:

• Food: Meeting the demand for sustenance.
• Clothing: Fashion at the fingertips.
• Healthcare: The digital pharmacy.
• Electronics: Tech enthusiasts’ haven.
• Other Products: A diverse range catering to various needs.

 

 

3) By Payment Mode:

• Card Payments: Convenience at your fingertips.
• Bank Transfers: Traditional yet prevalent.
• Digital Wallets: The rise of cashless transactions.
• Cash Payments: Still a preferred mode for some.
• Other Payment Modes: Evolving methods of financial transactions.

 

 

Regional Dominance: North America Takes the Lead

In 2023, North America emerged as the largest region in the ecommerce & other non-store retailers market. The region’s dominance underscores the evolving landscape of online retail and the pivotal role played by technological advancements, changing consumer preferences, and the robust infrastructure supporting this burgeoning market.

 

 

Get A Free Sample On The Global Ecommerce And Other Non Store Retailers Market Report:
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The Ecommerce And Other Non Store Retailers Global Market Report 2023 provides a comprehensive outlook of the ecommerce and other non store retailers market for the historic years (2010 -2021) and ten years forecast (2023 – 2032).The ecommerce and other non store retailers market forecast offers a thorough analysis onecommerce and other non store retailersmarket size, ecommerce and other non store retailers market share,prominent players and their strategies.

 

 

The Table Of Content For The Ecommerce And Other Non Store Retailers Market Include:
1. Ecommerce And Other Non Store Retailers Market Executive Summary
2. Ecommerce And Other Non Store Retailers Market Segments
3. Ecommerce And Other Non Store Retailers Market Size And Ecommerce And Other Non Store Retailers Market Growth Rate
4. Key Ecommerce And Other Non Store Retailers Market Trends
5. Major Ecommerce And Other Non Store Retailers Market Drivers
……
25. Key Mergers And Acquisitions In The Ecommerce And Other Non Store Retailers Market
26. Top Ecommerce And Other Non Store Retailers Companies
27. Ecommerce And Other Non Store Retailers Market Opportunities And Strategies
28. Ecommerce And Other Non Store Retailers Market, Conclusions And Recommendations
29. Appendix

 

 

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