Global Retail E-Commerce Market Size By Product, By Type, By Geographic Scope And Forecast

Report Highlights

Retail E-Commerce Market Size And Forecast
Retail E-Commerce Market is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow moderately in the forecasted period i.e. 2020 to 2027.

Global Retail E-Commerce Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market.

Convenience shopping is on the rise due to increase in the technology penetration and internet usage among the customers. According to United Nations (UN) report, 3.9 billion people which was 51.2% of people were online in 2018 and the number is expected to increase further as internet penetration increases in rural regions and developing countries further. With the increase in the number of people using internet for availing different services the use of E-commerce is on the rise. convenience shopping lets the customers shop online at the convenience of their place from any device including PC, tablet and smartphones to select, compare, buy and get products and services delivered wherever desired. The technology penetration with development of user-friendly apps and UIs has narrowed the gap between the experience of shopping in brick and mortar shops and shopping on E-commerce. It has augmented the demand for retail items like groceries, apparels, footwear etc., to be purchased from e-commerce websites. Introduction of SaaS systems, increased convenience of online payments, lower prices of products and increasing trust in consumers for shopping online has increased the number of customers preferring to shop online.

Verified Market Research narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements which interests the client. The Global Retail E-Commerce Market is mainly bifurcated into sub-segments which can provide a classified data regarding latest trends in the market.