Global eCommerce Market by (B2B, B2C), Product Categories & Forecast

Global eCommerce Market is forecasted to be USD 39.51 Trillion by the year 2026. Forecast by (B2B, B2C), Product Categories (Fashion, Electronics & Media, Toys, Hobby & DIY, Furniture & Appliances, Food & Personal Care) & Company Analysis
By: Renub Research
 
ROSWELL, Ga. - July 28, 2020 - PRLog -- Ecommerce can be defined as a transaction conducted commercially via the internet for purchasing of goods and services. This includes online goods & services (software, media streaming, e-books), market place services (e-wallet, comparison shopping), retail services (ordering food, travel, mail deliveries, footwear, apparel), and customer support (help desks, live support). Global eCommerce market has grown significantly over the last few decades. According to Renub Research analysis, Global eCommerce Market is forecasted to be USD 39.51 Trillion by the year 2026.

Impact of COVID-19 on Global eCommerce Market

Due to COVID-19, the world has witnessed unprecedented wealth destruction. The governments around the globe have taken unprecedented measures to contain the infection rate, such as lockdowns and border restrictions. All these measures severely restricted the economic activities and thousands of traditional-style businesses and companies were severely affected, and a lot of them has even gone bankrupt.

However, in these times of distress, e-commerce appeared to be promising support in the fight against coronavirus as it supported to lessen the rate of infection by offering online delivery of commodities and services. By looking at the growth opportunity of eCommerce is offering, even supermarkets started online shipment of groceries by providing door-to-door services to their consumers, preventing risks from in-store visits. This has further given rise to online payments and obviated in-person cash transactions. This research report has covered Coronavirus impact on global ecommerce market.

Market Drivers for Global ecommerce Market

Global eCommerce market is growing due to high internet penetration, the decline in internet prices, increasing number of smartphones, product localization, advancement in technology such as big data, artificial intelligence, product localization and personalization, market stability, product innovation, and surging disposable income. Millennials and Gen Xers are the biggest online shoppers in terms of time and money on eCommerce sites. Millennials and Gen Xers spend more than 50 percent time in online shopping, 6 hours versus 4 hours relative to their older counterparts.

About Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide wide range of business research solutions that helps companies in making better business decisions.

Contact Us:
Renub Research
Phone No: +1 678-302-0700 (USA) | +91-120-421-9822 (IND)
Email: info@renub.com
Web: https://www.renub.com
Follow the Link for Report Costomization: https://www.renub.com/global-e-commerce-market-p.php

Contact
Roswell, GA 30076
press@renub.com
6783020700
End
Source:Renub Research
Email:***@renub.com
Tags:global eCommerce market
Industry:Business
Location:Roswell - Georgia - United States
Account Email Address Verified     Account Phone Number Verified     Disclaimer     Report Abuse
Renub Market Research PRs
Trending News
Most Viewed
Top Daily News



Like PRLog?
9K2K1K
Click to Share