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Follow on Google News | Global eCommerce Market by (B2B, B2C), Product Categories & ForecastGlobal 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 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- 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- Contact Us: Renub Research Phone No: +1 678-302-0700 (USA) | +91-120-421- Email: info@renub.com Web: https://www.renub.com Follow the Link for Report Costomization: End
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