We are working on understanding the impact of Covid19 on the E-commerce market and the strategies adopted by companies to keep up with the surging demand while keeping their workers safe. The report on E-Commerce Platforms Market provides qualitative as well as quantitative analysis in terms of market dynamics, competition scenarios, opportunity analysis, market growth, etc. In terms of revenue, Business to Business (B2B) dominated the market for e-commerce with a share of 63.1% in 2019 and is expected to witness the fastest growth from 2020 to 2027. However, the apparel and accessories market is expected to be impacted during the pandemic over both B2C and C2C platforms as the consumers are currently purchasing only essential products. LONDON-- (BUSINESS WIRE)--The retail e-commerce software market is expected to grow by USD 3.38 billion, progressing at a CAGR of over 12% during the forecast period. Therefore, we are currently working on our analysis to capture the exact cumulative impact of COVID-19 on the retail e-commerce market. This website is secure and your personal details are safe. Customers are increasingly using smart speakers to place online orders in the U.S. region as orders placed via voice provide more optimized search results. Brand consciousness is getting more importance in attracting Chinese consumers. E-commerce offers the organization an easier reach for the customers, and hence necessary exposure to business is also achieved. Nowadays, the marketing options are in abundance due to the popularity of social media applications, which, in turn, helps in driving the market for e-commerce towards growth trajectories. Avail customized purchase options to meet your exact research needs: "The quality of research they have done for us has been excellent...". We stand by our report quality. The global e-commerce platforms market is segmented on the basis of type, application… Increasing number of small and medium enterprises is also projected to escalate the demand over the forecast period. The marketplace model involves companies selling their products on a common platform alongside their competitors, while the direct model involves companies setting up their private B2B platforms and selling directly to the buyers. Moreover, the availability of a plethora of options, lower price compared to physical stores, and technology-enabled online trials of apparel and accessory are some of the other factors contributing to the burgeoning demand for retail e-commerce across the world. Hence, Asian manufacturers including Lenovo, Motorola, Xiaomi, and OnePlus have been selling their products exclusively over the internet. Business expansion through strategic partnerships, mergers, and acquisitions remains the premiere strategy of players operating in the e-commerce industry. People are shifting towards urban lifestyles engaging in the more work-oriented culture. Please fill out the form below for a free PDF report sample & The companies are offering affordable products to cater to the demand for various goods such as grocery, office supplies, art supplies, footwear, and apparel and accessories among others. Hence, technological awareness among customers is expected to have a positive impact on market growth. Get your queries resolved from an industry expert. Copyright © 2020 Grand View Research, Inc. All rights reserved. The report will account for Covid-19 as a key market contributor. Even as consumers transitioned en masse to ecommerce during the pandemic, the drag caused by multiple recessions … Explore purchase options. Also, platforms such as Shopify link their online stores with social media to reach large number of customers. Global Info Research offers a latest published report on Cross-Border E-commerce Platform Analysis and Forecast 2020-2025 delivering key insights and providing a competitive advantage to clients through a detailed report.This report focuses on the key global Cross-Border E-commerce Platform Concentrate players, to define, describe and analyze the value, market share, market … This is anticipated to bolster the segment growth over the forecast period. The Retail E-commerce Packaging market research report presents an all-inclusive evaluation of numerous business aspects such as recent technological advancements, global market … Grand View Research is registered in the State of California at Grand View Research, Inc. 201 Spear Street 1100, San Francisco, CA 94105, United States. This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2027. Established organizations and large enterprises are leaning towards online business due to lesser expenditure in communication and infrastructure. All interactions are confidential. Companies Covered in Germany Ecommerce Payment Market Research Report. Additionally, the Chinese market is going through a consumer revolution, wherein international products are taking benefit of innovative marketing, research techniques, and advertising.
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