With the emerging technology, E-commerce is not a new word to detail for. E-commerce of products is a method where buying and selling of goods and services are carried out electronically with the use of devices linked together over internetwork protocols and standards.
Globally, e-commerce is a strongly growing domain since the past few years and is anticipated to grow robustly even the following years. It is widely popular choice for investments and new businesses, and is further expected to bring forth custom development methods, technology, and rise competition.
Top Business Players: Alibaba Group Holding Ltd., Amazon.Com Inc., Apple Inc., Jd.Com Inc., Walmart Inc., Aramex, Deutsche Post DHL Group, FedEx, UPS etc
Key benefits of trading online, globally!
There are a number of factors that drive the growth of the E-Commerce Market. In addition to trading online has immense benefits that are attracting manufacturers to trade online.
- E-commerce of products gives organized and central trading
- It has access to a wide range of consumers and a wide reach to sell and buy products across the globe.
- High trading volume can easily be operated
- Additionally, trading online deals with quality and standardized products.
The major two trends that surge the market:
- e-commerce of retail sales
Amazon: the global leader in the e-commerce market
The market for e-commerce is moderately fragmented with a few large players dominating the market. Key players in the market are Amazon, JD.com, Alibaba, Apple and Walmart. Amazon accounted for the largest share of the market for e-commerce in 2017 owing to the highest growth is projected to come from food and personal care segment. Rise in disposable incomes and growth in internet penetration in emerging markets are some major key factors witnessing the market demand.
China will rule the market, followed by United States
North America (USA & Canada) has about 1.3 million e-commerce companies, in 2017. The growth in North America is mainly driven by increasing online retail sales in the U.S. On the other hand, China and the US will account for the largest e-commerce sales in 2017, representing almost 70% of global e-commerce. While e-commerce in the US will grow by 15%, the Asia-Pacific is likely to have a 30% growth rate over the forecast period. The Asia Pacific will become a clear leader in global e-commerce development and the growth in this region is particularly driven by very high mobile commerce sales. China has the largest share in the e-commerce market in the Asian region.