Research Nester has released its report titled “Global Online Retail Market: Global Demand Analysis & Opportunity Outlook 2020-2027” that delivers detailed overview of the global online retail market in terms of market segmentation by product, distribution channel and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The global online retail market consists of two segments which are segmented by product and by distribution channel. The market is anticipated to grow at a significant CAGR over the forecast period (2020-2027).
The growth of the market is driven by several factors such as rising sales of smartphones and access to internet becoming simpler through the smartphones. Moreover, the use of debit cards for conducting transactions have increased and a surge in investments observed in logistics and warehouses are driving the growth of the market. Additionally, there are increasing efforts taken up towards scaling up order fulfillment systems with proper responses provided, including expanding their base in order to cover target customers belonging to other regions, apart from domestic customers through several means such as forming partnerships with many international companies and several others steps that are estimated to improve their sales and revenues globally. New customers including existing customers are being targeted through various online marketing tools in order to improve the growth prospects of the market.
The global online retail market is segmented into five major regions comprising of North America, Latin America, Europe, Asia Pacific and Middle East & Africa. The market in North America occupied the highest market share, with the maximum adoption of online mode of transactions for sales and purchases by United States of America. The revenue from online sales arising from United States had touched USD 9 trillion and is anticipated to grow substantially over the forecast period. The market in Asia Pacific is estimated to grow at the fastest rate over the forecast period, especially with countries such as China, Japan and India estimated to attain huge revenues over the forecast period, owing to the rise in the urban middle class population with disposable incomes. All these factors are estimated to drive the growth of the market in the region over the forecast period.
However, global online retail market suffers from some limitations, owing to factors such as lack of complete trust placed on online retailers by consumers and only limited interaction with consumers as compared to traditional retail stores where the opportunities to interact and maintain a personal relationship with customers is high. These factors are anticipated to operate as key restraints to the growth of the market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global online retail market which includes company profiling of Amazon.com, Inc. (NASDAQ: AMZN), JD.com, Inc. (NASDAQ: JD), Alibaba Group Holding Ltd. (NYSE: BABA), Suning.Com Co. Ltd. (SHE: 002024), Walmart, Inc., (NYSE: WMT), Dell Technologies, Inc. (NYSE: DELL), Vipshop Holdings (NYSE: VIPS), Gome Retail Holdings Ltd. (HKG: 0493), Macy’s Inc., (NYSE: M) and Apple, Inc. (NASDAQ: AAPL). The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global online retail market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.