Retail E-Commerce Market Trends, Size, Competitive Analysis and Forecast 2022-2028
The global retail e-commerce market is anticipated to grow at a considerable CAGR of 9.1 % during the forecast period. The various initiatives such as Digital India, Make in India, Start-up India, Skill India, and Innovation Fund. The timely and effective implementation of such programs is supporting the growth of E-commerce in the country, which is positively impacting the growth of the retail e-commerce market over the forecast. For instance, in November 2021, the Government e-Marketplace (GeM) portal served 7.96 million orders worth Rs 152,315 crore (US$ 20.40 billion) to 55,433 buyers from 3.06 million registered sellers and service providers. Moreover, in October 2021, the Government e-Marketplace (GeM) portal served 7.78 million orders worth $19.29 billion to 54,962 buyers from 2.92 million registered sellers and service providers.
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Furthermore, the major developments in the Indian e-commerce
sector by companies are another factor propelling the growth of the retail
e-commerce market over the forecast. For instance, Flipkart, India's e-commerce
powerhouse, announced in July 2021 that it has raised US$ 3.6 billion in new
funding from various sources including sovereign funds, private equities, and
Walmart (parent company).
• In June
2021, Grofers, the grocery delivery start-up, reportedly entered the unicorn
club, after raising US$ 120 million from Zomato, the food delivery
platform.
• In June
2021, Mastercard invested an undisclosed amount in Instamojo, a payments firm,
to help digitize online stores and process their payments more seamlessly.
• In March
2021, Purplle, an online beauty store, raised US$ 45 million from Sequoia
Capital India, Verlinvest, Blume Ventures, and JSW Ventures.
• In March
2021, the Confederation of All India Traders (CAIT), which represents 80
million traders and 40,000 trader associations, announced the launch of a
mobile app for its e-commerce portal, ‘Bharat E-market’. The association aims
to get more small traders to sell online easily through smartphones.
Market Coverage
•
The market number available for – 2021-2028
•
Base year- 2021
•
Forecast period- 2022-2028
Segment Covered-
·
By Product
·
By Type
Regions Covered-
·
North America
·
Europe
·
Asia-Pacific
·
Rest of the World
Competitive Landscape- including Albertsons
Companies, Inc., Amazon.com, Inc., Coupang Corp., Ebates Performance Marketing,
Inc. dba Rakuten Rewards, and Flipkart Pvt Ltd., among others.
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Global Retail E-Commerce Market Report Segment
By Product
·
Groceries
·
Apparels & Accessories
·
Footwear
·
Personal & Beauty Care
·
Furniture & Household DƩcor
·
Electronic Goods
·
Others
By Type
•
Pure Market Place
•
Hybrid Market Place
Global Retail E-Commerce Market Report Segment by Region
North America
·
United States
·
Canada
Europe
·
UK
·
Germany
·
Spain
·
France
·
Italy
·
Rest of Europe
Asia-Pacific
·
India
·
China
·
Japan
·
South Korea
·
Rest of APAC
Rest of the World
·
Latin America
·
Middle East & Africa
Company Profiles
·
Flipkart Pvt Ltd.
·
Inter IKEA Systems B.V.
·
Otto (GmbH & Co. KG)
·
Snapdeal Ltd.
·
Taobao
·
The Kroger Co.
·
Walmart Inc.
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