Retail E-Commerce is the sale of services and goods using the internet. It can contain the sale of goods and services either on a Business-to-Consumer or Business-to-Business. It includes digitalizing the complete shopping experience from viewing products, payment, comparing, selecting, and placing orders online through apps, websites, portals, etc. through the internet. A growing number of retailers are moving towards e-commerce due to the profits offered by them and products like apparel, personal care, groceries, footwear, beauty products are among others that are increasingly purchased online as compared to mortar stores and brick. The fast growth of the market for retail e-commerce is also contributed by the advent of technology such as Chatbot, Artificial Intelligence, and Machine Learning. AI and Machine Learning are helping e-retailers to understand customer demand and thereby, leverage these technologies by making smart product recommendations and personalized guidelines. AI voice assistants and Chatbots are integrated with apps to deliver the ease of shopping with real-time interaction. AI technology has further aided in facilitating virtual trials of clothes, frames, and accessories to mimic the look of the product purchased online which has helped the vendor in improving their customer conversation rate.

Global Retail E-Commerce Market is projected to grow up to US$  9630 billion by 2028 growing at a CAGR of 9.96% during the forecasting period 2023-2028.

Report Scope

The global market report scope consists of a comprehensive study covering primary factors impacting the industry trends. The study includes analysis of regional and country-level market dynamics. The scope also consists of competitive overview offering company market shares coupled with company profiles for key revenue contributing companies. The report scope covers a detailed competitive outlook covering market shares and profiles of key participants in the market share.

Major Market Players

The key players of the market are The Kroger Co, Walmart Inc, Alibaba Group Holding Ltd, Coupang Corp, Ebates Inc, dba Rakuten, Amazon,com Inc, eBay Inc, Inter IKEA Systems B,V, Otto (GmbH & Co KG).

The Global Retail E-Commerce Market report has been categorized as below     

By Type

• Pure Marketplace
• Hybrid Marketplace
• Brand
• Retail Chain

By Product

• Groceries
• Apparels and Accessories
• Footwear
• Personal and Beauty Care
• Furniture and Household Decor
• Electronic Goods
• Others

By Region

• North America
• Europe
• Asia Pacific
• Rest of the World

The years considered for the study are as follows:

• Base year – 2022
• Estimated year – 2023
• Projected year – 2022
• Forecast period – 2023 to 2028

Key Questions Addressed by the Report

• New products/service competitors are exploring?
• Key players in the Retail E-Commerce market and how extreme is the competition?
• What are the future market trends that manufacturers are emphasizing on in the future updates?
• For each segment, what are the crucial opportunities in the market?
• What are the key growth strategies embraced by key market players in the market?
• What are the key success strategies adopted by major competitors in the market?

Why Buy this Report:

• Obtain comprehensive insights on the Retail E-Commerce & market trends
• Note comprehensive analysis of the market status
• Identifies the market opportunities and growth segments
• Assessing business segments & product portfolios, and explain competitive dynamics
• Provide strategy planning and industry dynamics to strengthen decision making