MarkNtel Advisors recently published a report, titled, ” Global B2C E-commerce Market B2C E-commerce Market- By Application (Consumer Electronics, Automotive, Books & Stationery, Clothing & Footwear, Beauty & Personal Care, Media & Entertainment, Home décor & electronics, Travel & Tourism, Sports & Leisure, Information & Technology, Others), By Type (B2C Retailers, Classifieds),. As per as the report The Global B2C E-commerce Market size is valued at around USD 5.8 Trillion in 2023 and is projected to grow at a CAGR of around 11.5% during the forecast period, i.e., 2024-30.
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Global B2C E-commerce Market Driver:
Expanding Internet Penetration and Smartphone Usage – More individuals are using smartphones & internet to obtain information, which allows businesses to reach a larger audience and draw in previously untapped potential clients. As a result, the market size and opportunities for B2C e-commerce companies have increased. Regardless of location or time constraints, consumers can purchase online around the clock due to smartphones and internet connections. Online shopping is made easier by this accessibility and convenience, which promotes increased usage and market expansion.
Moreover, social networking sites, which are primarily accessible via smartphones, are becoming more and more integrated with online retailers. This promotes B2C e-commerce growth by giving brands and influencers the ability to directly drive online purchases within social media apps, engage with consumers, and showcase products. Businesses can use smartphone and internet data to target particular interest groups and demographics with tailored marketing efforts. By focusing on specific target audiences, marketing campaigns become more effective and generate more conversions, which in turn helps the market expand.
Leading Companies in Global B2C E-commerce Market:
Alibaba Group Holding Limited, Inc, Amazon, ASOS, eBay Inc, Flipkart Internet Private Limited, JD.com, Inc, MAKEMYTRIP PVT. LTD, OLX, Paypal Holdings Inc, Craigslist Inc., Booking Holdings Inc., Walmart, Others.
Global B2C E-commerce Market Segmentation:
By Type
-B2C Retail- (Market Size & Forecast 2019-2030, (USD Million)
-Classifieds – (Market Size & Forecast 2019-2030, (USD Million)
By Application
-Automotive – (Market Size & Forecast 2019-2030, (USD Million)
-Beauty & Personal Care – (Market Size & Forecast 2019-2030, (USD Million)
-Books & Stationery- (Market Size & Forecast 2019-2030, (USD Million)
-Consumer Electronics- (Market Size & Forecast 2019-2030, (USD Million)
-Clothing & Footwear- (Market Size & Forecast 2019-2030, (USD Million)
-Home Décor & Electronics- (Market Size & Forecast 2019-2030, (USD Million)
-Sports & Leisure- (Market Size & Forecast 2019-2030, (USD Million)
-Travel & Tourism- (Market Size & Forecast 2019-2030, (USD Million)
-Media & Entertainment- (Market Size & Forecast 2019-2030, (USD Million)
-Information Technology (Software) – (Market Size & Forecast 2019-2030, (USD Million)
-Others
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By Region
-North America
-South America
-Europe
-The Middle East & Africa
-Asia-Pacific.
Key questions answered in the Global B2C E-commerce Market are:
•What is Global B2C E-commerce Market?
•What was the market size in 2023?
•What is the growth rate of the Global B2C E-commerce Market?
•Which are the factors expected to drive the market growth?
•What are the different segments of the Global B2C E-commerce Market?
•What segments are covered in the Market?
•Who are the key players in the Global B2C E-commerce Market?
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