Albany, NY -- (SBWire) -- 04/24/2018 --Global e-commerce market growth outlook is positive with significant growth potential for e-commerce in emerging countries. Rapid growth in millennial population in emerging markets, rising smartphone and internet penetration, access to online payment options, and technological advances such as big data and cloud-based e-commerce platforms are driving the e-commerce industry.
The market for e-commerce reached a value of nearly REDACTED in 2017 and is expected to grow at a compound annual growth rate (CAGR) of REDACTED to nearly REDACTED by 2022.
The report offers in-depth insights, revenue details, and other vital information regarding the global e-commerce market and the various trends, drivers, restraints, opportunities, and threats in the target market till 2022. The report also offers insightful and detailed information regarding the various key players operating in the global e-commerce market, and their financials, apart from strategies, acquisitions & mergers, and market footprint. The global e-commerce market is segmented on the basis of form factor, application, and region.
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The market for e-commerce is concentrated with a few large players dominating the market. Major players in the market are Amazon, JD.com, Alibaba, Apple and Walmart. Amazon accounted for the largest share of the market for e-commerce in 2017. The highest growth is projected to come from food and personal care segment which is forecasted to grow at a CAGR of REDACTED. Major factors included risein disposable incomes and growth in internet penetration in emerging markets.
Asia-Pacific is the largest market for e-commerce, accounting for REDACTED of the global market. It was followed by North America and Western Europe. Going forward, Asia-Pacific is expected to witness the fastest growth in the e-commerce market, estimated at grow at a CAGR of REDACTED, followed by Africa, which is expected to grow at a CAGR of REDACTED.
China is the largest market in terms of value and in the e-commerce market. India and china are forecasted to have the fastest growth, growing at a CAGR of REDACTED and REDACTED, respectively. The market is challenged by restraints such as online security risks and inefficient e-commerce business models.
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Big Data and Cloud-Based E-Commerce Platforms Driving the E-Commerce Industry in Near Future
“E-Commerce: Global Markets to 2022” is a brand new market intelligence report that has been added by the MarketResearchReports.biz to its repository of extensive and wide variety of reports.