E-commerce Market is estimated to be US$ 69.1 Trillion by 2032; Growing adoption of Digital Technologies to Fuel Market Growth


E-commerce is also called internet commerce or electronic commerce; buying and selling goods online is the method of E-commerce. Business to businesses such as Shopify and business to consumers like Amazon, website types of e-commerce where Flipkart, Amazon, Myntra, eBay, and Meesho are significant types of E-commerce market.

Growing urbanization and high disposable income have positively impacted target market growth. Disposable income has given rise to purchasing power of an individual, which has driven market growth. The COVID pandemic has provided lucrative opportunities in E-commerce market growth, giving rise to the online trend of buying and selling products.

The report “E-commerce Market, By Model Type (Business to Consumer (B2C), Business to Business (B2B)), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032”

 Key Highlights:

  • In May 2022, Amazon launched new “Smart Commerce” platform to digitize offline stores and to transfer the local stores in “Digital Dukaans” for accelerating its footprint in all over retail ecosystem.
  • In October 2022, Indian e-commerce platform Flipkart partnered with eDAO and launched “Flipverse” a metaverse space where an individual can shop on Flipkart app and also discover the products in virtual destination with photorealistic.

Analyst View:

The high adoption of smartphones and social media advertising of online products has positively impacted target market growth. Mergers and acquisitions of companies have further boosted the demand for E-commerce market growth. As a result, market competition intensifies, and extensive international corporations and start-ups are vying to establish a position in the market.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “E-commerce Market, By Model Type (Business to Consumer (B2C), Business to Business (B2B)), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032”

Key Market Insights from the report:

E-commerce Market accounted for US$ 13.5 Trillion in 2022 and is estimated to be US$ 69.1 Trillion by 2032 and is anticipated to register a CAGR of 16.7%. The E-commerce Market is segmented based on Model Type and Region.

  • Based on Model Type, E-commerce Market is segmented into Business to Consumer (B2C), Business to Business (B2B).
  • By Region, the E-commerce Market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

Competitive Landscape & their strategies of E-commerce Market:

The prominent players operating in the E-commerce Market includes, Amazon.com Inc., Apple Inc., Flipkart Private Limited., eBay Inc., JD.com Inc., Alibaba Group Holding Limited., The Home Depot, Best Buy, Walmart Inc., Wayfair Inc., and others.

To know more

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Prophecy Market Insights

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Email- sales@prophecymarketinsights.com

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