E-Commerce Market Industry Demand, Revenue Growth and Competitive Analysis, Trends and Forecast 2025

According to IMARC Group’s latest report, titled “E-Commerce Market Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025,”. Looking forward, IMARC Group expects the global e-commerce market share to continue its double-digit growth during the next five years.

E-commerce, or electronic commerce, stands for the commercial transactions conducted electronically via the internet. It includes buying and selling of consumer products, marketplace services, and customer support. E-commerce also includes online auctions, payment gateways, online ticketing, and internet banking. It is typically classified in various business models, viz; Business to Business (B2B), Business to Customer (B2C), Customer to Business (C2B), and Customer to Customer (C2C) model. E-commerce platforms offer multiple benefits, such as a global reach, fewer transaction costs, higher profit margins, direct communication between the parties involved, and fast delivery of goods and services.

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Market Trends:

Rapid urbanization, rising internet penetration, and the high adoption of smart devices to access e-commerce portals are augmenting the e-commerce market. E-commerce facilitates enterprises to conduct business without a physical presence, hence, mitigating infrastructure, communication, and overhead expenses. The growing traction for online retail channels and the rising influence of social networking platforms are also catalyzing the market growth. Additionally, the emergence of private-label and consumer-based business models enables the businesses to collect and utilize consumer data for providing customized products. Furthermore, the sudden outbreak of the COVID-19 leading to the closure of offline retail channels has exponentially induced the demand for e-commerce platforms.

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