25 April 2019: Global B2C e-commerce Market is expected to reach USD 7,724.8 billion by 2025. B2C is also termed, as a business to consumer e-commerce or electronic commerce, is a system used to define a commerce transaction amongst a business and an end consumer over the internet. It abridges the shopping experience for both vendors and consumers. The market is estimated to grow at a significant CAGR of 11.7% over the future period as the scope and its applications are rising enormously across the globe.
Rising broadband wireless connections, rising advantages like growing suitability of shopping and time management, and growing number of smartphone users are documented as major factors of B2C e-commerce Market that are estimated to enhance the growth in the years to come. The B2C e-commerce Market is segmented based on product type, device type, application, and region.
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Food and beverages; apparel, footwear, and accessories; publications; consumer electronics and electrical; infant’s and mother’s products; and beauty and personal care products that could be explored in B2C e-commerce in the forecast period. Exclusively used device for shopping and analysis of B2C e-commerce are mobile devices and PCs that could be explored in future. The PCs sector account for the largest market share of B2C e-commerce and is estimated to remain dominant in the coming years. This may be because of customers preferring PCs for accessing the internet.
The market may be categorized based on applications like Travel & Tourism, Automotive, Sports & Leisure, Beauty & Personal Care, Industrial & Science, Books & Stationery, Home Décor, Consumer Electronics, and Clothing & Footwear that could be explored in forecast period. the clothing and footwear sector accounted for the largest market share of B2C e-commerce and is estimated to lead the overall market in the coming years. This may be because of rising use of enhanced technology and growing use of internet. Also, travel and tourism sector is estimated to grow at fastest pace in the coming years.
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Globally, Asia Pacific accounted for the largest market share of B2C e-commerce Industry in terms of revenue and is estimated to lead the overall market in the coming years. The reason behind the overall market growth could be highest population across the world, rising disposable income, presence of fastest growing countries like China and India, and rising use of internet. China is a major consumer of B2C e-commerce Market in the region. Instead, Europe and North America are also estimated to have a positive influence on the future growth. Europe is the second largest region with significant market share. However, North America is estimated to grow at fastest pace with the highest CAGR in the foremost period.
The key players of B2C e-commerce Market are eBay. Inc., Jindong, Alibaba, PayPal, Flipkart, and Amazon.com, Inc. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As companies all over the world have to believe that alliance with a market would permit them proportional market existence and authority to declare the leadership position.
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