What is the Global market size of the E-Commerce Market?

Global E-Commerce Market size was valued at USD 24029.23 billion in 2021 and is poised to grow from USD 26673.64 billion in 2022 to USD 62415.2 billion by 2030, growing at a CAGR of 11% in the forecast period (2023-2030).

What is the key driver of the Global E-Commerce Market?

Proliferation of the Internet, particularly in developing and underdeveloped countries, is primarily responsible for the exponential growth of e-commerce. Many people benefit from online services, including e-commerce, as a result of the Internet's ease of use. Consumers are drawn to internet subscriptions by rising smartphone penetration, rising government initiatives to digitalize various aspects of its society, and lower and more affordable network services. According to Internetworldstats.com, approximately 5.05 billion people have access to some form of the internet. E-commerce sectors are expanding rapidly as the Internet continues to spread, consumer awareness of e-commerce grows, and consumer spending capacity improves in developing and underdeveloped countries.

What is the key market trend for the Global E-Commerce Market?

Image shopping has emerged as a new ecommerce trend. Users point their camera at a product to purchase it from an online store. There are numerous photo apps available, such as CamFinder, and many more will appear this year. This trend will also lead to the sale of affiliate products via photo shopping.

Which region accounted for the largest share in the Global E-Commerce Market?

Asia Pacific dominated the e-commerce market in 2021, with a share of 55.3%, and is expected to grow at the fastest rate from 2022 to 2028. This is due to a growing preference among businesses to conduct business via a B2B e-commerce platform. Furthermore, expanding infrastructure and an increase in internet users are expected to drive regional E-Commerce market growth.

Top E-Commerce Companies

Skyquest Technology's expert advisors have carried out comprehensive research and identified these companies as industry leaders in the E-Commerce Market. This Analysis is based on comprehensive primary and secondary research on the corporate strategies, financial and operational performance, product portfolio, market share and brand analysis of all the leading E-Commerce industry players.

E-Commerce Market Competitive Landscape

Global e-commerce market is highly fragmented due to presence of many players and is expected to face very high competition during the coming years. Major e-commerce companies include Alibaba Group Holding Limited, Amazon.com Inc., Apple Inc., B2W Companhia Digital, Ebay Inc., Groupon Inc., Rakuten and Walmart Inc. among others. Many players are sustaining their businesses through organic and inorganic growth strategies. Business expansion through strategic partnership, mergers and acquisitions and others are among the key strategies adopted by these players. Various new entrants, innovative methods of shopping, and other factors has created a more dynamic environment for global e-commerce market.

Top Players in the Global E-Commerce Market

Amazon.com Inc.
Alibaba Group Holding Limited
Walmart Inc.
JD.com Inc.
eBay Inc.
Rakuten Inc.
Zalando SE
Shopify Inc.
MercadoLibre Inc.
Etsy Inc.
Pinduoduo Inc.
Flipkart Internet Private Limited
Wayfair Inc.
Otto GmbH & Co KG
Groupon Inc.
Vipshop Holdings Limited
Overstock.com Inc.
ASOS Plc
Qurate Retail Group, Inc.
Chewy, Inc.

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Global E-Commerce Market size was valued at USD 25.26 Trillion in 2024 and is poised to grow from USD 29.96 Trillion in 2025 to USD 117.28 Trillion by 2033, growing at a CAGR of 18.6% during the forecast period (2026–2033).

The e-commerce space is very competitive, with large players like Amazon, Alibaba, and Walmart trying to organise last-mile delivery and increase AI-based personalisation to retain their lead. Amazon recently launched generative AI-powered product summaries that allow for quicker decision-making. Alibaba has added logistics hubs around Europe to decrease cross-border delivery time. Regional examples include Flipkart and Coupang competing on same-day delivery and local warehousing. 'Amazon.com Inc.', 'Flipkart Internet Pvt. Ltd.', 'Apple Inc.', 'Costco Wholesale Corp.', 'Ebates Performance Marketing Inc.', 'eBay Inc.', 'Best Buy Co. Inc.', 'Groupon Inc.', 'Inter IKEA Systems B.V.', 'JD.com Inc.', 'Otto GmbH & Co. KG', 'Shopify Inc.'

Rapidly surging use and proliferation of internet around the world is projected to be a key factor driving the demand for e-commerce going forward. Increasing internet accessibility in rural and remote areas has allowed e-commerce companies to expand their customer base and thereby benefit the global e-commerce market outlook as well.

Personalization of Shopping Experience: As consumer preferences change the need for personalization of experience is becoming more important in the e-commerce industry. E-commerce companies can focus on opting for advanced technologies such as artificial intelligence and machine learning to gain more insights about their customers and provide them with an extremely personalized experience to boost business potential.

What makes North America the top market for E-Commerce in 2024?

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Top E-Commerce Companies

E-Commerce Market Competitive Landscape

FAQs

What is the global market size of E-Commerce Market?

Who are the key vendors in the E-Commerce Market?

What is the key driver of E-Commerce Market?

What is the key market trend for E-Commerce Market?

Which region accounted for the largest share in E-Commerce Market?

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