LONDON, Dec. 24, 2018 (GLOBE NEWSWIRE) -- According to this latest publication from Meticulous Research®, the global e-commerce market will grow at a CAGR of 11.1% from 2018 to reach $24.3 trillion by 2025, driven by rising mobile and internet penetration, technological advancements such as big data and cloud-based e-commerce platforms, advanced shipping and payment options, and rise in disposable income. Further, online payment options provide significant opportunity for the global e-commerce market. However, factors such as online security risks and lack of technological infrastructure in emerging market are expected to hinder the growth of the global e-commerce market to some extent.
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The growing use of internet provides a developing prospect for online shopping. Internet is changing the way consumers shop and buy goods and services, and has rapidly evolved into a global phenomenon. Many companies have started using the internet with the aim of cutting marketing costs, thereby reducing the price of their products and services in order to stay ahead in highly competitive markets.
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The global e-commerce market is mainly segmented by business type, category, and geography. Based on business type, B2B segment commanded the largest share in the global e-commerce market and is expected to dominate the global e-commerce market during the forecast period. The large of this market is primarily attributed to increased globalization; greater adoption of advanced payment methods; and increased focus of buyers on saving time, money, and resources.
Geographically, with rapid growth in the cross-border e-commerce, high internet and mobile penetration, large population base, and increased investment by leading global players, Asia-Pacific region accounted for the largest share of the global e-commerce market in.
The key players operating in the global e-commerce market are Alibaba Group Holding Limited (China), Amazon.com, Inc. (U.S.), Apple Inc. (U.S), eBay Inc. (U.S.), Walmart Inc. (U.S.), ASOS Plc (U.K.), Barnes & Noble, Inc. (U.S.), Target Corporation (U.S.), Qurate Retail, Inc. (U.S.), Costco Wholesale Corporation (U.S.), GameStop Corporation (U.S.), Staples Inc. (U.S.), Best Buy Co., Inc. (U.S.), JD.com, Inc. (China), Groupon, Inc. (U.S.), Zalando SE (Germany), Otto Group (Germany), Rakuten, Inc. (Japan), and J. C. Penney Company, Inc. (U.S.), among others.
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