NEW YORK, Aug. 31, 2021 /PRNewswire/ — According to the latest market research report on E-Commerce Market from Technavio, the market is expected to expand at a healthy CAGR of almost 29%. The growth can be mainly attributed to the increase in social media advertising.
Enterprises will go through the Response, Recovery, and Renew phases.
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The COVID-19 impact report on the e-commerce market offers pre as well as post-COVID-19 market estimates. Technavio analysts have curated the reports extensively through both qualitative and quantitative research methodologies to derive the most industry-relevant and business-relevant outcomes.
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.
The recovery process involves various phases including:
- Addressing Potential Impacts by Facilitating changes in Process Designs
- Identifying potential disruptions
- Conceptualize scenario-based planning to mitigate future crisis situations.
Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
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Global E-commerce Payment Market – Global e-commerce payment market is segmented by type (e-wallets, cards, online banking, and direct debits) and geography (APAC, North America, Europe, South America, and MEA).
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Global E-Commerce Technology Market – Global e-commerce technology market is segmented by application (B2C and B2B) and geography (North America, APAC, Europe, South America, and MEA).
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Top 3 E-Commerce Market Players
Alibaba Group Holding Ltd.: The company offers e-commerce services through its website (www.alibaba.com) and Alibaba.com mobile app.
Amazon.com Inc.: The company offers e-commerce services through its website (www.amazon.com) and Amazon app.
Apple Inc.: The company offers e-commerce services through its website (www.apple.com) and Apple store app.
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E-Commerce Market 2021-2025: Segmentation
E-commerce market is segmented as below:
- Home Appliances
- Fashion Products
- North America
- South America
The e-commerce market is driven by the increase in social media advertising. In addition, the availability of multiple payment options is expected to trigger the e-commerce market toward witnessing a CAGR of almost 29% during the forecast period.
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- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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