47.2 F
New York
HomeBusinessE-Commerce Market Size to Surpass US$ 183.8 Trillion by 2032

E-Commerce Market Size to Surpass US$ 183.8 Trillion by 2032

E-Commerce

E-commerce, or electronic commerce, is the buying and offering sale of numerous products and services over the Internet.

NEW YORK, BROOKLYN, UNITED STATES, March 4, 2024 /EINPresswire.com/ — The latest report by IMARC Group, titled “E-Commerce Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032“, The global e-commerce market size reached US$ 21.1 Trillion in 2023. Looking forward, IMARC Group expects the market to reach US$ 183.8 Trillion by 2032, exhibiting a growth rate (CAGR) of 27.16% during 2024-2032

E-commerce, or electronic commerce, refers to the buying and selling of goods and services through digital platforms, primarily the Internet. It involves a wide array of transactions, ranging from consumer-to-consumer sales on auction sites to business-to-business transactions for wholesale products. E-commerce has radically transformed the way business is conducted, offering unparalleled convenience, speed, and global reach. It enables consumers to shop from anywhere, anytime, while companies can operate without the constraints of geographical location or traditional business hours. This sector also includes a host of activities related to electronic business, such as online ticketing, banking, and digital payments. In recent years, e-commerce has become an integral part of the global retail framework, profoundly impacting both consumer behavior and traditional retail operations.  

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/e-commerce-market/requestsample

E-Commerce Market Trends and Drivers:

The global e-commerce market is primarily driven by the exponential rise in internet penetration and the adoption of smartphones, providing a larger audience for e-commerce platforms. Additionally, advancements in secure payment technologies have instilled greater consumer confidence in online transactions. In line with this, the heightened emphasis on personalization and customer experience, enabled by data analytics, which allows businesses to offer tailored recommendations and services, is accelerating market growth. Furthermore, the rise of social commerce, where purchases are made directly through social media platforms, is emerging as a lucrative channel for e-commerce businesses. Along with this, the advent of sustainable practices and eco-friendly packaging options is resonating with environmentally conscious consumers, thereby positively influencing market growth. 

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Type:

Home Appliances
Apparel, Footwear and Accessories
Books
Cosmetics
Groceries
Others

Breakup by Transaction:

Business-to-Consumer
Business-to-Business
Consumer-to-Consumer
Others

Market Breakup by Region:

North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa

Competitive Landscape with Key Player:

Alibaba Group Holding Limited
Amazon.com Inc.
Apple Inc.
B2W Companhia Digital (Lojas Americanas S/A)
Ebay Inc.
Groupon Inc.
Rakuten Group, Inc.
Walmart Inc.
Zalando SE

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

Other Related Reports Published by IMARC Group :

https://www.imarcgroup.com/cinnamon-market
https://www.imarcgroup.com/cosmetic-preservatives-market
https://www.imarcgroup.com/protein-supplements-market
https://www.imarcgroup.com/respiratory-protective-equipment-market
https://www.imarcgroup.com/small-scale-lng-market

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact Us:

IMARC Group

134 N 4th St. Brooklyn, NY 11249, USA

Email: [email protected]

Tel No:(D) +91 120 433 0800

United States: +1-631-791-1145 |United Kingdom: +44-753-713-2163

Elena Anderson
IMARC Services Private Limited
+1 631-791-1145
email us here

Article originally published on www.einpresswire.com as E-Commerce Market Size to Surpass US$ 183.8 Trillion by 2032

- Part of VUGA -digital marketing

latest articles

gossip news

explore more

fashion tv watch free