Ecommerce Industry To Exhibit Lucrative Growth With USD 28.02 Trillion Earnings By 2028

According to Study of Zion Market Research, Ecommerce Industry gathered ROI of around US$ 11.04 trillion in 2021 and is expected to derive income of almost US$ 28.02 trillion in 2028. Apparently, Ecommerce Industry is foreseen to register a CAGR of about 14.8% in timeline from 2022 to 2028. Growth of ecommerce industry over forecasting timespan can be credited to rise in internet penetration along with smartphone usage across globe. Furthermore, increase in social media activities and online retailing with onset of COVID-19 pandemic has resulted into humungous expansion of ecommerce market in recent years. In addition to this, information about travel & leisure, fiscal services, e-tailing, and digital content comprise of various e-commerce alternatives available to end-users who access internet. This has helped ecommerce market flourish. Onset of 4G and 5G technologies has assisted in swift internet browsing and enhanced connectivity, thereby steering market trends.

B2B To Lead Model Type Segment In 2022-2028

Growth of B2B segment over ensuing years can be attributed to rise in preference of firms for buying & selling of goods and services. Moreover, rise in penetration of smartphones across globe along with internet use will drive segmental surge. Additionally, increase in sale and purchase of goods through use of B2B tool helps firms reduce operational & inventory costs and this has prompted segmental surge.

Beauty & Fashion Products Segment To Make Major Contributions Towards Market Size By 2028

Expansion of beauty & fashion products segment over forecasting period is subject to swiftly changing consumer preferences for online shopping along with escalating demand for fabrics & cosmetics. In addition to this, use of new technologies in online tools & easy access to information about beauty & fashion products on e-commerce site will promulgate scope of segmental surge.

Asia Pacific Ecommerce Market To Witness Prominent Surge In Forecasting Period

Expansion of regional market over upcoming years is subject to large-scale presence of key e-commerce firms in region. Additionally, high focus on expanding e-commerce activities in region owing to outbreak of COVID-19 pandemic has paved a way for regional market growth. Furthermore, awareness about benefits of digital shopping and focus on opening of new online retail stores for offering goods & services online by firms based in Asia is likely to prompt regional market surge.

Some of major players have substantially influenced expansion of market and will continue to do so even in foreseeable future. They are Flipkart India Private Limited, Walmart Inc., The Home Depot, Inc., Amazon. com. Inc., eBay Inc., Apple Inc., Alibaba Group Holding Limited, JD.com, Inc., and Best Buy.

Browse the full “Ecommerce Industry - By Model Type (B2B and B2C), By Offering (Beauty & Fashion Products, Pharmaceutical Products, Travel & Tourism, Electronic Products, Household Products, and Food & Beverages): Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends And Forecast, 2022 – 2028.” Report at https://www.zionmarketresearch.com/report/ecommerce-industry

 The global Ecommerce Industry is segmented as follows:

By Model Type

• B2B
• B2C

By Offering

• Beauty & Fashion Products
• Pharmaceutical Products
• Travel & Tourism
• Electronic Products
• Household Products
• Food & Beverages

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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