
Report ID: SQMIG45C2068
Skyquest Technology's expert advisors have carried out comprehensive research on the e-commerce market to identify the major global and regional market trends and growth opportunities for leading players and new entrants in this market. The analysis is based on in-depth primary and secondary research to understand the major market drivers and restraints shaping the future development and growth of the industry.
E-Commerce Market Drivers
Rising Internet Penetration
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.
Availability of Convenience and Variety
Preference for e-commerce is increasing around the world owing to availability of a wide variety of products and convenience for customers to shop from anywhere at any time in the world. Moreover, the availability of discounts and better purchase deals on e-commerce platforms are also expected to bolster the demand for e-commerce over the coming years.
E-Commerce Market Restraints
Cybersecurity Concerns
Increasing incidence of cyberattacks and data breaches put e-commerce platforms and users at risk. Concerns regarding data breaches, fraud, and hacking and rising awareness regarding cybersecurity issues could deter some consumers from engaging in online shopping, which is expected to impede revenue generation across the global e-commerce market forecast the long run.
Logistical Challenges
E-commerce companies need to ensure timely and safe delivery of products ordered by consumers. High logistical costs, complexity of managing supply chains, growing traffic congestion, and improper delivery or late deliveries are expected to impact profit margins and customer satisfaction for e-commerce companies and impede market development potential going forward.
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E-Commerce Market size was valued at USD 3.76 Trillion in 2023 and is poised to grow from USD 4.12 Trillion in 2024 to USD 8.5 Trillion by 2032, growing at a CAGR of 0.0949 during the forecast period (2025-2032).
Key vendors in E-Commerce Market are: Amazon (USA) ', 'Alibaba Group (China) ', 'JD.com (China) ', 'Pinduoduo (China) ', 'Shopify (Canada) ', 'eBay (USA) ', 'MercadoLibre (Latin America) ', 'Rakuten (Japan) ', 'Flipkart (India) ', 'Sea Limited (Shopee) (Singapore) ', 'Coupang (South Korea) ', 'Zalando (Germany) ', 'Wayfair (USA) ', 'Carrefour (France) ', 'Ocado (UK) ', 'BigCommerce (USA) ', 'SHEIN (China) ', 'Costco (USA) '
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.
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.
The presence of a developed technological infrastructure allows North America to lead the global e-commerce industry going forward. High consumer spending potential, availability of wide variety of e-commerce platforms, and presence of leading e-commerce companies such as Amazon are helping this region maintain its dominance. Canada and the United States are slated to remain the most opportune markets for e-commerce companies in this region. Increasing demand for better shopping experiences and integration of modern sales channels by businesses are also expected to create new opportunities for e-commerce companies in North America across the study period and beyond.
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Report ID: SQMIG45C2068
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