Analysis from GMI Research finds that the B2C E-Commerce Market earned revenues of USD 3.8 trillion in 2020 and forecast to touch USD 8.0 trillion in 2028 will grow at a CAGR 9.7%

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Market Dynamic

Key Drivers and Emerging Trends

The factors driving the global B2C E-commerce market include:

• • Growing awareness among consumers for B2C E-commerce websites due to rising mobile internet penetration
  • Rising adoption of e-commerce websites across the globe

For instance, according to the GSMA Report in 2020, globally, more than 3.8 people use mobile internet that uses online platforms. Also, increasing population coupled with the growing E-commerce sale of consumer goods, clothes, etc., will increase the B2C E-commerce market demand. For instance, according to UNCTAD, in 2020, the global E-commerce market was valued at USD 26 Trillion, increasing rapidly. It created a massive demand for the growth of the B2C E-commerce market growth. Also, other significant factors driving the growth of the global B2C E-commerce market are increasing adoption of the developing technology infrastructure, globalization, telecommunication, improving supply chain network, and growing urban population along with an increasing number of interested global players in the regional operations.

Restraint in the B2C E-commerce Market

However, high competition and acquire highest share by some of the leading players along with antitrust government strict rules and regulations laws may hamper the global B2C E-commerce market.

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Type – Segment Analysis

Based on the type, B2C retailers expected to grow at the fastest rate in the global B2C E-commerce market during the forecast period owing to increasing E-commerce sales in developing countries. Also, the payment in data worldwide e-commerce, excluding traveled, has been increased by more than 20% year over year in 2020. In the meanwhile, during the previous three quarters in 2020, e-commerce payments in India and Singapore have surged by more than 30% on average. The expansion of e-commerce continues to be impressive.

Application – Segment Analysis

Based on the Application, insect control is projected to capture the largest market share over the forecast period in the global B2C E-commerce market due to the rising sale of consumer electronics in the developing highest population countries like India, China, etc. For instance, according to the India Brand Equity Foundation Organization, in 2019, the global consumer electronics industry was valued at USD 2.1 Trillion due to an increase in adoption of the B2C e-commerce platforms.

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Regional – Segment Analysis:

Based on the region, Asia Pacific region is expected to capture a significant market share in the global B2C E-commerce market in 2020 due to the rising adoption of B2C E-commerce among the growing population with surge in internet penetration. The changes in the climate along with agricultural intensification are also some factors propelling the market as a new way of life for customers. E-Commerce is becoming vital. Huge E-Commerce platforms have also exploded in the Chinese consumer sector, spawning behemoths such as Alibaba and Tencent. Taking another look at other Asia countries’ consumer goods, the E-Commerce market is still modest, and it is going to grow as foreign-affiliated enterprises buy tiny businesses to acquire market share.

Top Market Players

Various notable players operating in the market, includes eBay Inc., Alibaba Group Holding Limited, Craigslist, Inc., Amazon.com, Inc., Flipkart Internet Private Limited, ASOS, PayPal Holdings, Inc., OLX, JD.com, Inc., MakeMytrip Pvt.Ltd., and among others. 

Key Developments:

• • In 2018, Amazon.com, Inc. made a partnership with FICCI, a non-government, not-for-profit organization that enables Indian exporters to expand their product sales internationally.
  • In 2021, AWS launched Amazon Digital Suite for helping to digitalize small and medium businesses in India for purchase exclusively on Amazon.in and Amazon.in/business for both B2C and B2B customers.

Segments covered in the Report:

The global B2C e-commerce market has been segmented on the basis of type, application, and key regions. Based on type, the market is segmented into classifieds, and B2C retailers. Based on application, the market is segmented into media & entertainment, clothing & footwear, books & stationery, consumer electronics, sports & leisure, travel & tourism, and others. 

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Key questions answered in this research report:

• • At what pace is global B2C E-commerce market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in B2C E-commerce market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global B2C E-commerce market?
  • Which type generated maximum revenues in 2020 and identifies the most promising Type during the forecast period?
  • What are the various application areas of global B2C E-commerce market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Revenues (2020)	USD 3.8 Trillion
Market Base Year	2020
Market Forecast Period	2021-2028
Base Year & Forecast Units	Revenues (USD Trillion)
Market Segment	By Type, By Application, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	eBay Inc., Alibaba Group Holding Limited, Craigslist, Inc., Amazon.com, Inc., Flipkart Internet Private Limited, ASOS, PayPal Holdings, Inc., OLX, JD.com, Inc., MakeMytrip Pvt.Ltd.,, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global B2C E-commerce Market by Type

• • Classifieds
  • B2C Retailers

Global B2C E-commerce Market by Application

• • Media & Entertainment
  • Clothing & Footwear
  • Books & Stationery
  • Consumer Electronics
  • Sports & Leisure
  • Travel & Tourism
  • Others

Global B2C E-commerce Market by Region

• • North America B2C E-commerce Market (Option 1: As a part of the free 25% customization)
    • By Type
    • By Application
    • US Market All-Up
    • Canada Market All-Up
  • Europe B2C E-commerce Market (Option 2: As a part of the free 25% customization)
    • By Type
    • By Application
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific B2C E-commerce Market (Option 3: As a part of the free 25% customization)
    • By Type
    • By Application
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW B2C E-commerce Market (Option 4: As a part of the free 25% customization)
    • By Type
    • By Application
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the B2C E-commerce (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • eBay Inc.
  • ALIBABA GROUP HOLDING LIMITED
  • Craigslist, Inc.
  • com, Inc.
  • Flipkart Internet Private Limited
  • ASOS
  • PayPal Holdings, Inc.
  • OLX
  • com, Inc.
  • MakeMytrip Pvt.Ltd.