28th August 2019 – Global B2C
e-commerce Market is expected to reach USD 7,724.8 billion by 2025. B2C
is also termed, as a business to consumer e-commerce or electronic commerce, is
a system used to define a commerce transaction amongst a business and an end
consumer over the internet. It abridges the shopping experience for both
vendors and consumers. The market is estimated to grow at a significant CAGR of
11.7% over the future period as the scope and its applications are rising
enormously across the globe.
Rising broadband wireless connections,
rising advantages like growing suitability of shopping and time management, and
growing number of smartphone users are documented as major factors of B2C
e-commerce Market that are estimated to enhance the growth in the years to
come. The B2C e-commerce Market is segmented based on product type, device
type, application, and region.
Food and beverages; apparel, footwear,
and accessories; publications; consumer electronics and electrical; infant’s
and mother’s products; and beauty and personal care products that could be
explored in B2C e-commerce in the forecast period. Exclusively used device for
shopping and analysis of B2C e-commerce are mobile devices and PCs that could
be explored in future. The PCs sector account for the largest market share of
B2C e-commerce and is estimated to remain dominant in the coming years. This
may be because of customers preferring PCs for accessing the internet.
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The market may be categorized based on
applications like Travel & Tourism, Automotive, Sports & Leisure,
Beauty & Personal Care, Industrial & Science, Books & Stationery,
Home Décor, Consumer Electronics, and Clothing & Footwear that could be
explored in forecast period. the clothing and footwear sector accounted for the
largest market share of B2C e-commerce and is estimated to lead the overall
market in the coming years. This may be because of rising use of enhanced
technology and growing use of internet. Also, travel and tourism sector is
estimated to grow at fastest pace in the coming years.
Globally, Asia Pacific accounted for the
largest market share of B2C e-commerce Industry in terms of revenue and is
estimated to lead the overall market in the coming years. The reason behind the
overall market growth could be highest population across the world, rising
disposable income, presence of fastest growing countries like China and India,
and rising use of internet. China is a major consumer of B2C e-commerce Market
in the region. Instead, Europe and North America are also estimated to have a
positive influence on the future growth. Europe is the second largest region
with significant market share. However, North America is estimated to grow at
fastest pace with the highest CAGR in the foremost period.
The key players of B2C e-commerce Market
are eBay. Inc., Jindong, Alibaba, PayPal, Flipkart, and Amazon.com, Inc. These
players are concentrating on inorganic growth to sustain themselves amongst
fierce competition. As companies all over the world have to believe that
alliance with a market would permit them proportional market existence and
authority to declare the leadership position.
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