What is Online Shopping Market?
A form of E-commerce through which action trading or shopping goods and services though internet portals is known as online shopping. The consumers can search for the products directly in retailers online catalogs and they can even find the product alternatives as well as the same product from different vendors. Since, the last decade, number of consumers started opting online shopping over conventional shopping methods.
Highlights from Online Shopping Market Study
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Trillion) |
Key Companies Profiled | Amazon (United States), Alibaba Group (China), JD Sports (United Kingdom), eBay (United States), Walmart (United States), Target Corporation (United States), IKEA (Netherlands), Best Buy (United States), Newegg (United States) and Sears (United States) |
Although, very few global online shopping portals such as Walmart, Alibaba have gained maximum market share. But, due to open source application developments in case of online shopping market, the threat of new entrants will be on higher side. In addition to this, number of manufacturers are already present in the same market. These will lead increase the overall competitive rivalry amongst the available players. Research Analyst at AMA predicts that United States and Indian Players will contribute to the maximum growth of Global Online Shopping market throughout the forecasted period.
Amazon (United States), Alibaba Group (China), JD Sports (United Kingdom), eBay (United States), Walmart (United States), Target Corporation (United States), IKEA (Netherlands), Best Buy (United States), Newegg (United States) and Sears (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Macy's (United States), Snapdeal (India), PaytmMall (India), Shopclues (India), Trendsutra Platform Services Private Limited (India) and Flipkart (India). Online Shopping Market Segmentation:
Scope | Sub-Segments |
---|
Application / End User | B2B, B2C, B2B2C and Others |
Payment Gateway | Credit Card,Debit Card,Cash on Delivery,Other Digital Payment Systems |
Offerings | Grocery and Miscellaneous,Electronics,Home Decors,Apparel,Others |
On the basis of geography, the market of Online Shopping has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Mobile Commerce Dominance, Social Shopping through Facebook Instagram etc. and Search Engine Optimizations such as Voice and Photo Searches
Market Growth Drivers:
Minimized Distribution Overheads, Saves Time and Efforts, Availability of Diversified Product Portfolio and Product/Service Offerings on Discounted Rates
Challenges:
Minimizing the Frauds in Online Shopping, Reduction of Lead Time, and Efficient Inventory Management and Developing Secure Payment Systems
Restraints:
Lack of Proper Inventory Management, Lack of Feel and Touch for products in Online Shopping and Dynamic Price Negotiations are unavailable
Opportunities:
Customized Customer Experiences through Machine Learning, SMEs can Increase in Product Advertising Capabilities and Discovering alternative ways to Increase Mobile Traffic
Key Target Audience
Although, very few global online shopping portals such as Walmart, Alibaba have gained maximum market share. But, due to open source application developments in case of online shopping market, the threat of new entrants will be on higher side. In addition to this, number of manufacturers are already present in the same market. These will lead increase the overall competitive rivalry amongst the available players.
Market Leaders & Development Strategies
In effort to growth of online business, Walmart has acquired top e-commerce forms across the globe. The company has been on an acquisition splurge from last couple of years. After August 2016, it has acquired 7 online retailers, including women's apparel brands Eloquii and Bare Necessities in October of this year. In addition to this, Walmart has acquired Indian online shopping market leader Flipkart by controlling stake of 77% in Flipkart.
The Anti cyber squatting Consumer Protection Act (ACPA), 15 USC §1125(D) " is intended to prevent 'cyber squatting,' an expression that has come to mean the bad faith, abusive registration and use of the distinctive trademarks of others as Internet domain names, with the intent to profit from the goodwill associated with those trademarks." and The Consumer Review Fairness Act protects consumers’ ability to share their honest opinions about a business’s products, services, or conduct in any forum – and that inc