Global E-Commerce Market Set For Rapid Growth And Trend By 2025
Seattle, WA -- (SBWIRE) -- 11/04/2019 -- E-commerce Market Overview:
E-commerce is a crucial segment of the current retail market in India. It is estimated that between 2018 and 2023, the value of the Indian e-commerce market will increase at a compound annual growth rate (CAGR) of ~41%, from INR 2,375.43 Bn in 2017. The growing number of Internet users and continuously increasing purchasing power are the primary driving forces for the growth of the e-commerce market in India. As of 2017, the Indian e-commerce market was dominated by the online travel segment (~49.59%), followed by that of retail, financial services, and online classifieds market, among others.
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E-commerce Market Scope:
E-commerce can be defined as electronically conducted commercial transactions via the internet, pertaining to the buying and selling of goods and services. Data exchange, informational and monetary related, is also included a part of e-commerce. E-commerce includes online goods and services (software, e-books, media streaming), retail services (ordering food, travel, mail deliveries), marketplace services (e-wallet, comparison shopping) and customer support (help desks, live support). It can also be classified on the nature of the dealing parties: B2B, B2C, C2B and C2C or the distribution channels adopted by them: pure click, brick-&-click or click-to-brick. Financial services, digital content, travel & leisure, e-tailing and other online services constitute the variety of ecommerce options available to the internet accessing customer base that are gathering momentum with increased internet use.
E-commerce Industry Competition
Each industry assessed in the report is studied in relation to different factors such as product and application portfolios, market share, growth potential, future plans, and recent developments. Readers will be able to gain details understanding and knowledge of the competitive landscape. Most importantly, the report sheds light on strategies that leading players are banking on to maintain their dominance in the E-commerce market. It shows how the market competition will change in the next few years and how players are preparing themselves to stay ahead of the industry expectation.
The major players in the market are as follows:
Amazon Seller Services Private Limited
Flipkart Internet Private Limited
Infoedge (India) Limited
Jasper Infotech Private Limited
MakeMyTrip (India) Private Limited
Paytm E-commerce Private Limited
People Interactive (India) Private Limited
Supermarket Grocery Supplies Private Limited
Thomas Cook (India) Limited
Trendsutra Platform Services Private Limited
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