Online Shopping Market- Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017 - 2025

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Online Shopping Market- Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2017 - 2025

Status : March, 2020 | Technology & Media | PPT format

Report Digest


Global Online Shopping Market: Snapshot

Online shopping is the act of purchasing goods or services over the Internet. Over the years, online shopping has grown in popularity as people find it convenient to shop from the comfort of their home or office. Online shopping transactions can be completed using credit card, debit card, or e-wallet among others. Internet banking can also be used to complete a transaction for online shopping.

Online shopping can include anything from groceries to greeting cards to cell phones to electronics. While super markets and neighborhood stores still remain more popular for groceries, ordering groceries online is increasingly pacing up. Online shopping is gaining at an unprecedented pace in emerging economies such as India because of rising consumerism coupled with increasing ubiquity of smart electronics.

Online shopping came into existence a decade and a half ago. Amazon.com – the online book store made history by becoming the first bookstore to have presence only on the Internet. With the success of Amozon.com, several book retailers with physical stores made a presence on the Internet.

Online shopping has its share of advantages. It is faster, convenient, and sometimes also cheaper. It saves standing in long queues and waiting for turn to make a purchase. Online shopping may sometimes involve paying a premium but it is still preferred because of the high convenience factor.

Of the many categories, travel remains the most popular for online shopping. Domestic travel, international travel, leisure travel, personal travel, business travel ticketing and travel itineraries are sold by large travel planners and small travel agents. Online shopping for travel includes various modes which include air, rail, bus, and cab. The development of mobile app of some large travel companies has added to the popularity of online travel shopping.

Global Online Shopping Market: Overview

The global market for online shopping is observing a significant upsurge in its valuation and size. The expanding base of working class population and the rise in the purchasing power of the middle class population, across the world, has propelled this market substantially. With continual advancements in related technologies, this market is projected to keep on witnessing high growth over the next few years.

Global Online Shopping Market: Key Trends

The rising user base of smart phones and increasing penetration of Internet has surfaced as the most prominent trend is the global market for online shopping. The introduction of mobile app versions of e-commercial sites has made a remarkable difference to the overall shopping experience of consumers, providing a strong boost to its popularity. This, as a result, is driving the growth of this market significantly.

On the flip side, negative currency and the constant decline in oil prices have an adverse impact on retail sales value, which, subsequently, is impeding the growth of this market. Over the coming years, the lack of an advanced digital payments infrastructure and the presence of a weak logistics framework, making e-retail companies unable to handle high volumes of online orders, may limit the markets growth to some extent.

Global Online Shopping Market: Market Potential

The global online shopping market is gaining tremendously from the significant rise in the disposable income the middle class consumers across the world. The continuous increase in the population base of working people, who lack time for physical shopping, is another important factor that is influencing the growth of the worldwide market for online shopping.

Going forward, the increasing competition between e-commercial sites and the improvement in the infrastructure and logistics are likely to boost the growth of this market in the years to come. The frequent introduction of discounts and lucrative packages are also projected to reflect positively on this market over the next few years.

Global Online Shopping Market: Regional Outlook

The global market for online shopping registers its presence across Europe, Asia Pacific (APAC), North America, and the Rest of the World. Asia pacific, among these, has surfaced as the most promising market for online shopping, thanks to the rising number of affluent working-class population. The regional market is likely to remain on the top spot over the next few years on the grounds of the exceptional increase in the penetration of mobile and Internet, supported by 4G initiatives.

Global Online Shopping Market: Competitive Analysis

With ample of new players joining the league every day, the global online shopping market has become extremely competitive and fragmented. Amazon, with its loyal consumer base, leads the way to the top and, with its ambitious Amazon Marketplace project; it is likely to retain its position in the years to come. Other prominent players in this market are Alibaba, Wal-Mart, Apple, Costco Wholesale, CVS, Flipkart, Target, Bestbuy, Newegg, and Ebay.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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