The Retail E-Commerce Global Market Report 2023, provides comprehensive information on the “retail e-commerce market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global retail e-commerce market size is expected to grow from $5.62 billion in 2022 to $6.20 billion in 2023 at a compound annual growth rate (CAGR) of 10.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global retail e-commerce market size is expected to grow to $9.16 billion in 2027 at a CAGR of 10.3%.
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Technological advancement is a key trend gaining popularity in the retail e-commerce market. Major companies operating in retail e-commerce are focusing on using the latest technologies like augmented reality, virtual reality, artificial intelligence, and machine learning to enhance user experience and gain a competitive edge in the market. For instance, Avataar, an India-based 3D and augmented reality company launched its single-click integration solution for online retailers. To provide consumers with an engaging 3D augmented reality (AR) purchasing experience, the company’s out-of-the-box product will link with e-commerce platforms like Shopify and BigCommerce. Supernova, Avataar’s computer vision, and AI-powered 3D content creation platform, powers the turnkey solution, allowing retailers to swiftly produce 3D product catalogs at scale. Within hours, the proprietary technology scans a merchant’s existing product inventory and produces a photorealistic, life-size 3D enhancement. Avataar’s platform also provides end-to-end workflow management, which includes quality checks and lives hosting.
The “retail e-commerce market is segmented:
1) By Type: Pure Marketplace, Hybrid Marketplace, Brand, Retail Chain
2) By Sector: Organised, Unorganised
3) By Distribution Channel: Supermarkets & Hypermarkets, Convenience Stores, Specialty Stores, Department Stores, E-Commerce, Other Distribution Channels
Asia-Pacific was the largest region in the “retail e-commerce market in 2022.
The table of contents in TBRC’s “retail e-commerce market report includes:
1. Executive Summary
2. Retail E-Commerce Market Characteristics
3. Retail E-Commerce Market Trends And Strategies
4. Retail E-Commerce Market – Macro Economic Scenario
5. Retail E-Commerce Market Size And Growth
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26. Africa Retail E-Commerce Market
27. Retail E-Commerce Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Retail E-Commerce Market
29. Retail E-Commerce Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- The Kroger Co.
- Walmart Inc
- Alibaba Group Holding Ltd
- Coupang Corp
- Ebates Inc
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