B2C E-commerce Market Growth & Trends
The global B2C e-commerce market size is anticipated to reach USD 7.65 trillion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 9.7% over the forecast period. The increasing disposable income level, escalating usage of internet and smartphones, and an increasing number of online shoppers are expected to drive the market growth. Online goods and service providers offer various options to their customers, such as vast product portfolio, discounted price rates, convenient payment methods, same-day delivery, and easy return policies while purchasing any goods or services, resulting in growing customer preference toward e-commerce platforms.
The General Agreement on Trade in Services (GATS) provides the rules and regulations governing international trade in services, with significant implications for e-commerce. The anti-Spam Law is placed to protect consumers from receiving unsolicited marketing material. Although online businesses collect information from consumers, they are legally prohibited to spam people's inboxes without their consent. Technological advancement supported by increasing usage of Artificial Intelligence (AI) is providing customers with a real-time shopping experience. For instance, Augmented Reality (AR) technology offers customers ‘virtual changing rooms’ wherein customers can try a product virtually.
Browse full report with Table of Content (PDF with All Related Graph and Chart)
The rapid evolution of e-commerce has brought numerous opportunities to both nascent as well as established players in the market. However, online payment processes have witnessed few challenges in the recent past. The interconnected and instantaneous nature of online payment channels has increased vulnerability towards cybercrime, digital frauds, and other malpractices. To overcome these cybersecurity concerns, it is essential to emphasize service security and the protection of consumer’s data.
B2C E-commerce Market Report Highlights
- The market is anticipated to witness substantial growth during the forecast period, owing to the augmented use of smartphones and the increasing use of social media, among others
- The clothing and footwear segment accounted for the largest market share in 2020, owing to increasing penetration of retail sales over online channels, accessories, and footwear spending
- Asia Pacific dominated the market in terms of revenue in 2020 and is expected to register significant growth over the forecast period. The growth is attributed to the presence of a large number of B2C e-commerce providers in the region
- Partnership, collaboration, and business expansion remain the major strategies adopted by the leading market players
For Requesting a Sample Copy of This Report, Please Visit @https://www.grandviewresearch.com/industry-analysis/b2c-e-commerce-market/request/rs1
B2C E-commerce Market Segmentation
Grand View Research has segmented the global B2C e-commerce market based on type, application, and region:
B2C E-commerce Type Outlook (Revenue, USD Billion, 2016 - 2028)
- B2C Retailers
B2C E-commerce Application Outlook (Revenue, USD Billion, 2016 - 2028)
- Beauty & Personal Care
- Books & Stationery
- Consumer Electronics
- Clothing & Footwear
- Home Décor & Electronics
- Sports & Leisure
- Travel & Tourism
- Media & Entertainment
- Information Technology (Software)
B2C E-commerce Regional Outlook (Revenue, USD Billion, 2016 - 2028)
- North America
- Asia Pacific
- Latin America
- Middle East and Africa (MEA)
List of Key Players of B2C E-commerce Market
- ALIBABA GROUP HOLDING LIMITED
- Amazon.com, Inc.
- eBay Inc.
- Flipkart Internet Private Limited
- JD.com, Inc.
- MakeMytrip Pvt.Ltd.
- PayPal Holdings, Inc.
- Craigslist, Inc.
Inquire more or share questions if any before the purchase on this report @ https://www.grandviewresearch.com/inquiry/2907/ibb
About Grand View Research
Grand View Research is a full-time market research and consulting company registered in San Francisco, California. The company fully offers market reports, both customized and syndicates, based on intense data analysis. It also offers consulting services to business communities and academic institutions and helps them understand the global and business scenario to a significant extent. The company operates across multitude of domains such as Chemicals, Materials, Food and Beverages, Consumer Goods, Healthcare, and Information Technology to offer consulting services.
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist - U.S.A.
Email: Send Email
Address:Grand View Research, Inc. 201 Spear Street 1100 San Francisco, CA 94105, United States
City: San Francisco
Country: United States