Global Retail E-Commerce Market Size, High Demand, Manufacturers, Revenue, Growth Drivers,Traders

Retail E-Commerce is defined as the sale or purchase of services or goods, conducted over computer-mediated networks. The services and goods are ordered over those networks, but payment and delivery of products may be conducted on or off line. Continuous technological developments in retail e-commerce industry creating new forms of e-commerce like mobile commerce or social commerce will drive the market growth over the forecast period.

Rise in usage of smartphones and the convenience of purchasing daily essentials and luxury products from the comfort of home is the key driving factor which is expected to boost the global retail e-commerce market growth. Furthermore, increase in demand for enhanced customer experience with voice recognition will positively contribute the market growth. For instance, increase use of smart speakers by customers to place online orders in the U.S. region as order placed via voice provide more optimized search results. In addition to that, E-retailers can invest in Augmented Reality (AR) to offer an immersive experience to their experience to their customers. This technology helps customers visualize the selected items. However, continuous technological advancements will propel the retail E-commerce market growth. Moreover, increase in adoption of AI, machine learning, in retail industry to understand customer demands will fuel the global retail E-commerce market growth during this forecast period.

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However, lack of system security due to poor implementation of e-commerce is the major challenging factor which is expected to hinder the global retail E-commerce market growth. Also, high initial cost will affect the market growth during this analysis period.

Market segmentation

Global Retail E-Commerce Market is segmented into product type such as Groceries, Apparels and Accessories, Footwear, Personal and Beauty Care, Furniture and Household Décor, Electronic Goods, and Others.

Also, Global Retail E-Commerce Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

Market Key Players

Various key players are discussed in this report such as Albertsons Companies, Inc., Alibaba Group Holding Ltd, Amazon.com, Inc., Coupang Corp., Ebates Inc. dba Rakuten, eBay Inc., Inter IKEA Systems B.V., Taobao, The Kroger Co., and Walmart Inc.

Market Taxonomy

By Product Type

• Groceries
• Apparels and Accessories
• Footwear
• Personal and Beauty Care
• Furniture and Household Décor
• Electronic Goods
• Others

By Region

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

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