Global Retail E Commerce Market Size and Forecast 2023-2032| The Kroger Co., Walmart Inc., Alibaba Group Holding Ltd., Coupang Corp., Ebates Inc

The Retail E-Commerce Global Market Report 2023 by The Business Research Company, provides retail e-commerce market overview 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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According to The Business Research Company’s Retail E-Commerce Global Market Report 2023, 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%.

The increase in the usage of smartphones is significantly contributing to the growth of the retail e-commerce market going forward. Smartphone refers to a cellular telephone with an integrated computer and other features such as an operating system, the ability to run software applications, and web browsing. Smartphones help retail e-commerce by facilitating buying and selling goods and services through this wireless handheld device.

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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

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 report table of contents 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

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: