The
global B2C e-commerce market is anticipated to reach USD
7,724.8 billion by 2025, growing at a CAGR of 11.7%, according to a new report
by Grand View Research, Inc. The rising disposable income level, increasing
middle-class population and increasing internet & smartphones penetration
is likely to spur the market demand over the forecast period. The increasing
acceptance of technology is allowing the e-commerce sector to be more efficient
and reachable. The growing middle-class population and intense use of social
media is also aggravating the demand of online purchasing of various products
and services.
MEA
region have a dynamic young population with one of the highest global per
capita income. In addition to it, high level internet penetration is rapidly
evolving online shopping market in the region. Chinese market is going through
a consumer revolution, international products taking benefit of innovative
marketing, research techniques and advertising. Brand consciousness is getting
more importance in attracting Chinese consumers. Luxury goods and service
providers are experiencing great growth in China.
The
General Agreement on Trade in Services (GATS) provides the rules and
regulations governing international trade in services, with great implications
for e-commerce. Anti-Spam Law is placed to protect consumers from receiving unsolicited
marketing material. As online business collects information of consumers, it
cannot legally spam people without having them consent to it.Technological
advancement is driving the global market. Retailers and e-commerce players are
using augmented reality (AR) technology to enhance the shopping experience.
This allow customers to try a product virtually.
The
market is very volatile in nature and is experiencing a fierce competition,
therefore, marked by an extensive presence of mergers and acquisitions. The key
players in the market include Amazon, Alibaba, Jindong, Flipkart, and PayPal.
E-commerce market players are focusing on unique changes to their business
models in order to enable sellers & consumers to transact online. The big
retailers in the market are trying to complement their traditional retailing
with online commerce and tying up with other big e-commerce players.
China B2C
e-commerce market, by application, 2014 - 2025 (USD Billion)
Browse full research report on B2C
e-commerce Market: http://www.grandviewresearch.com/industry-analysis/b2c-e-commerce-market
Further key findings from the study
suggest:
- The
escalating middle-class population and technological advancements are
expected to drive the market.
- The
travel & tourism segment is expected to portray high growth rate with
a CAGR of 15.8% over the projected period
- Increasing
internet penetration and growing acceptance of smartphones are expected to
be the drivers of the market over the forecast period.
- The
Asia Pacific region dominated the B2C e-commerce market in terms of
revenue in 2016 and is expected to have significant growth over the
forecast period.
- The key
players of the market include Alibaba (China), Amazon.com, Inc.(U.S.), and
eBay Inc. (U.S.)
Access
Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-b2c-e-commerce-market
About
Grand View Research, Inc:
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research reports,
customized research reports, and consulting services. To help clients make
informed business decisions, the company offers market intelligence studies
ensuring relevant and fact-based research across a range of industries
including technology, chemicals, materials, healthcare and energy.
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