E-Commerce Market size to grow by USD 12,951.56 bn between 2022 and 2027
The e-commerce market size is set to grow by USD 12951.56 billion
between 2022 and 2027, and register a CAGR of 27.15%, according to
Technavio's latest market research report. With a focus on identifying dominant
industry influencers, Technavio's reports present a detailed study by way of
synthesis, and summation of data from multiple sources. This report offers an
up-to-date analysis of the current market scenario, the latest trends and
drivers, and the overall market environment.
The market is fragmented, and the degree of
fragmentation will accelerate during the forecast period. Alibaba
Group Holding Ltd, Amazon.com Inc., Apple Inc., Best Buy Co. Inc., Costco
Wholesale Corp., Ebates Performance Marketing Inc., eBay Inc., Flipkart
Internet Pvt. Ltd., Groupon Inc., Inter IKEA Systems B.V., JD.com Inc., Lojas
Americanas S.A., Otto GmbH and Co. KG, priceline.com LLC, Shopify Inc., The
Home Depot Inc., Walmart Inc., Wayfair Inc., Zalando SE, and Etsy Inc. are some
of the major market participants. The advantages of e-commerce platforms, the
advanced targeting options, and the rise in online spending and smartphone
penetration will offer immense growth opportunities. To leverage the current
opportunities, market vendors must strengthen their foothold in the
fast-growing segments while maintaining their positions in the slow-growing
segments.
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