(MENAFN- America News Hour) In a recent published report, Kenneth Research has updated the Market report for e-Commerce Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for e-Commerce Market Products.
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According to the statistics by the WHO, grew from 6.20% in 2001 to 6.69% in 2018. Additionally, the current healthcare expenditure per capita (current US$) grew 3x from USD 222.49 in 2001 to USD 721.88 in 2018.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
The new report, “e-Commerce Market in India” states that a steady rise in the disposable income and proliferation of internet across the country happen to be the primary market drivers for e-Commerce businesses in India. It is anticipated that the tier II & III cities will contribute the most in shaping up the demand curve in the ensuing years. A thorough research on the market shows brimming opportunities for vendors from the mobile internet and social media space.
The Indian e-Commerce market primarily comprises of five major segments i.e. online travel, retail, financial services, digital downloads and 'other services’, wherein the online travel and retail segments dominate the overall pie with a cumulative share of more than 85%. Of all, online retail happens to be the fastest growing segment in the Indian market. Competition in the market is severe and low consumer loyalty prevailing in the market furthers the competition by manifolds. Revamped business strategies, consolidations and innovation in products/service delivery model have become the most eminent trends in the market.
An Analysis of the basic causes which actually boost the market in favor of the players, has highlighted the major market boosters in the likes of increased disposable income, increasing internet penetration & PC user base and ease of transaction. On the other hand, issues hindering the profitability of players include the high cost of online advertising, losses incurred in providing Cash-on-Delivery (COD) services to end consumers and operational cost stack-ups. These practical challenges have taken a heavy toll on the vendors operating in the market, especially in the online retail segment. However, nullifying these challenges is not an easy way for the players and hence business models are constantly being tweaked and revamped in order to squeeze in maximum profitability.
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Indian e-Commerce market is currently brimming with opportunities and vendors are poised to reap substantial benefits from the same. The exponential growth in the usage of mobile internet can be effectively utilized by vendors to gain a deeper market reach. Further, mobile internet can also be beneficial for an effective and efficient marketing medium which paves way for a better customer acquisition and retention process. Additionally, the massive user base of social networking websites have become the biggest database for vendors to scout for prospective customers. Advanced analytical tools and applications have made the job easier for vendors in India.
Competition in the market is seen to be highly stiff and factors such as low brand loyalty, price sensitivity and affinity towards discounted offers & services amongst consumers makes the competition even severe. Advanced analytical tools and applications are being constantly sought after by players in order to create a better scope in the market.
The Market report answers the following questions:
What is the aim of the report?
- The market report presents the estimated market size of e-Commerce Market by the end of forecast period. Additionally, the historical and current market size is also examined in the report.
- Based on various indicators, the Year on Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
- An overview of the Market based on geographical scope, market segmentation and financial performance of key players is presented in the report.
- The report presents current trends in the industry and future scope of the Market in North America, Asia Pacific, Europe, Latin America and Middle East and Africa.
- The various parameters accelerating the growth of Market are incorporated in the research report.
- The report analyzes growth rate, market size and valuation of the Market during the forecast period.
What aspects regarding the regional analysis Market are included in this report?
- Geographical regions covered in the report include North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
- The report consists of detailed region-wise analysis of current and future market trends, providing information on product usage and consumption.
- The growth rate of the market in every region, including their countries over the forecast period is included in the market report.
Based on what factors are the key market players assessed in this report?
- The report offers detailed analysis of leading companies in the market across the globe.
- It provides details of the major vendors involved in the Market including Key Playes
- A comprehensive overview of each company including the company profile, generated revenue, pricing of goods and the manufactured products is incorporated in the report.
- The facts and figures about market competitors along with standpoints of leading market players are presented in the report.
- The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.
What is the key information extracted from the report?
- Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
- The report offers the present scenario and future growth prospects Market in various geographical regions.
- The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
- The SWOT analysis is conducted along with Porter's Five Force analysis.
- The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.
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Rated as one of the best multi-client reselling agencies, Kenneth Research provides a single platform for insights on numerous industries for investors and companies who are willing to expand their business. The platform caters to industries that include Healthcare and Pharmaceuticals, Chemicals, ICT and Telecom, Energy and Power, Automotive and Transportation, and several others, and offers the best strategic business consultancy services at a global level.
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Eli
Eli is a freelance writer and possess double graduation degree in physics and chemistry. She is an intense writer covering everything for Science and Tech to Business, Entertainment, Sports and Lifestyle.
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